Malaysia Construction Market Size By Sector (Commercial construction, Residential construction), By Construction Type (Additions, Demolition and re-construction, New constructions) And Forecast

Malaysia Construction Market Size And Forecast

Malaysia Construction Market size was valued at USD 17.2 Billion in 2020 and is projected to reach USD 25.81 Billion by 2028, growing at a CAGR of 5.3 % from 2021 to 2028.

Ongoing infrastructure development, growing residential and non-residential projects, and the government policy of Vision 2020 have pushed up demand for the Malaysia Construction Market. The Malaysia Construction Market has significantly contributed to Malaysia’s gross domestic product and socioeconomic growth. The Malaysia Construction Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Malaysia Construction Market Definition

Think of construction like thisit's all about taking different pieces and putting them together to create a building, and making sure it fits perfectly on a specific plot of land, all based on a carefully thought-out idea and blueprint. This whole process includes not just the building itself, but also making the materials, keeping everything in good repair, and even fixing things up when needed. You can even include things like drilling and big mining operations in this category. Here in Malaysia, construction is a major player in our economy. As a growing nation, we know how important the construction sector is for both growing our economy and making life better for everyone who lives here, improving our overall living standards. And, almost every construction project boils down to one of three main typesBuildings and houses, Public works, and Industrial-type structures.

Malaysia Construction Market Overview

With the ongoing infrastructural projects, the construction industry in Malaysia has significantly increased over the past decade. Additionally, Growth in residential projects propels the private sector and local contractors to increase construction activity in Malaysia. The government’s Malaysia Vision 2020 initiated in 1990 to promote construction and related activities has increased demand for the Malaysian construction sector. These are a few factors that fuel the growth of the Construction Market in Malaysia.

It has grown significantly and plays a major role in the country’s overall economy, contributing to revenue production, capital accumulation, and job growth, all of which help to sustain Malaysia’s gross domestic product (GDP) and socio-economic growth. Financial aid is a key component in hampering the growth of the construction industry in Malaysia. Construction projects are capital-intensive which discourages private investors from investing. The construction industry faces several difficulties, mostly as a result of the government’s strategy of cutting spending on large infrastructure projects in order to limit the country’s debt.

The market for Malaysia Construction Market is expected to grow in the following years due to the rising increase in infrastructural facilities and green construction. Construction equipment would be in high demand as a result of several transportation, telecommunications, and energy projects. Green construction is prevailing as it conserves natural resources, generates less waste, and provides healthy environments to occupants as compared to the traditional method of constructing buildings.

Malaysia Construction MarketSegmentation Analysis

The Malaysia Construction Market is segmented on the basis of Sector and Construction Type.

Malaysia Construction Market, By Sector

• Commercial construction
• Residential construction
• Industrial construction
• Transportation construction
• Energy and utilities construction

Based on Sector, the market is segmented into Commercial construction, Residential construction, Industrial construction, Transportation construction, and Energy and utilities construction. Residential construction forms the largest segment due to the growing population creating a higher demand for dwellings. The government had announced infrastructural projects that boost up residential construction market.

Malaysia Construction Market, By Construction Type

• Additions
• Demolition and re-construction
• New constructions

Based on Construction Type, the market is segmented into Additions, Demolitions and re-construction, and New constructions.

Key Players

The “Malaysia Construction Market” study report will provide valuable insight with an emphasis on the market including some of the major players of the industry are UEM Group Berhad, YTL Corporation Berhad, IJM Corporation Berhad, Gamuda Berhad, Malaysian Resources Corporation Berhad (MRCB), WCT Holdings Berhad, WCE Holdings Berhad, Hock Seng Lee Berhad (HSL), Mudajaya Group Berhad, Muhibbah Engineering (M) Berhad.

Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players.

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Reasons to Purchase this Report

We'll dig deep into the market, looking at both the numbers (quantitative) and the more nuanced stuff (qualitative), breaking it all down by economic and non-economic factors. You'll get market value data in USD Billion for every slice and dice of the market. We'll pinpoint the region and segment we think will be the fastest growers and market leaders. Plus, we'll break down each region, showing where the product/service is being used and what's driving the market there. See how the big players stack up with a competitive landscape view, covering who's on top, what new stuff they're launching, who's partnering with whom, and all the big moves (expansions, acquisitions) from the last five years. We'll even give you extensive company profiles that include overviews, insights, product comparisons, and SWOT analysis for all the major players. Get a clear picture of the industry, both now and in the future, with insights on growth opportunities, drivers, challenges, and restraints in both new and established areas. We'll also analyze the market from every angle using Porter's five forces analysis and give you insight into the market through the Value Chain. Finally, get a grasp of the market dynamics and spot potential growth opportunities down the road. And if you have any questions after the report, you get 6-month post-sales analyst support from us!

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