Malaysia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027

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Malaysia Construction Market Report Overview

The Malaysia construction market size was $27.7 billion in 2022. The market is projected to achieve an AAGR of more than 5% during 2024-2027. The growth is attributed to large-scale investments in transport, industrial and renewable energy projects. This is in addition to the government’s aim of establishing the Public Private Partnership (PPP) 3.0 model, which is a specialized mechanism to fund infrastructure projects as part of 12th Malaysia (12MP) plan between 2021 and 2025.

Malaysia Construction Market Outlook, 2022-2027 ($ Billion)

Malaysia Construction Market Outlook, 2022-2027 ($ Billion)
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Malaysia Construction Market Forecast

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The Malaysia construction market research report offers a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their drivers. While discussing the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence the Malaysian construction market growth.

Market Size (2022) $27.7 billion
AAGR (2024-2027) >5%
Forecast Period 2023-2027
Historical Period 2018-2022
Key Sectors ·        Commercial Construction

·        Industrial Construction

·        Infrastructure Construction

·        Energy and Utilities Construction

·        Institutional Construction

·        Residential Construction

Key Contractors ·        Gamuda Berhad

·        WCT Holdings Bhd

·        China Communications Construction Group Ltd

·        Hock Seng Lee Berhad

·        Egovision Sdn Bhd

Key Consultants ·        HSS Engineers Berhad

·        VERITAS Architects Sdn Bhd

·        Millimetre Design Sdn Bhd

·        GDP Architects Sdn Bhd

·        CH&I Architecture Sdn Bhd

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Malaysia Construction Market Segmentation by Sectors

Infrastructure construction was the leading sector in the Malaysia construction market in 2022

The key sectors in the Malaysia construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. In 2022, the infrastructure construction sector accounted for the highest market share, followed by residential construction.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The sector output will be supported by the government’s focus on developing regional connectivity by investing in road and rail infrastructure, during the forecast period.

Residential construction: The project types in this sector include single-family housing and multi-family housing. The residential construction industry’s recovery over the later part of the forecast period will be reflecting an improvement in demand for residential property.

Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The sector growth will be driven by the execution of large oil and gas projects in the coming years. The growth is further attributed to the government’s commitment to increase the share of renewable energy in the total energy mix from 2% in 2019 to 40% by 2035.

Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The commercial sector’s growth over the forecast period will be supported by an improvement in tourism activity, coupled with investment in office, logistics, warehouse, and data center building projects.

Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. An improvement in foreign and domestic investments in the manufacturing sector will drive the sector’s growth during the forecast period.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The growth of this sector will be fueled by government investments in healthcare and education infrastructure in the coming years.

Malaysia Construction Market Analysis by Sectors, 2022 (%)

Malaysia Construction Market Analysis by Sectors, 2022 (%)Buy the Full Report for more Sector Insights into the Malaysia Construction Market

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Malaysia Construction Market - Competitive Landscape

Gamuda Berhad emerged as the leading contractor and HSS Engineers Berhad as the leading consultant in the Malaysia construction market in 2022

A few of the leading contractors in the Malaysia construction market are:

  • Gamuda Berhad
  • WCT Holdings Bhd
  • China Communications Construction Group Ltd
  • Hock Seng Lee Berhad
  • Egovision Sdn Bhd

Domestic contractors account for most of the project pipeline in the Malaysia construction market. Firms based in China are the dominant contractors.

Malaysia Construction Market Analysis by Contractors, 2022 (%)

Malaysia Construction Market Analysis by Contractors, 2022 (%)Buy the Full Report to Know More about the Contractors in the Malaysia Construction Market

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A few of the leading consultants in the Malaysia construction market are:

  • HSS Engineers Berhad
  • VERITAS Architects Sdn Bhd
  • Millimetre Design Sdn Bhd
  • GDP Architects Sdn Bhd
  • CH&I Architecture Sdn Bhd

Consultants with headquarters within Malaysia are involved in most of the project pipeline by value.

Malaysia Construction Market Analysis by Consultants, 2022 (%)

Malaysia Construction Market Analysis by Consultants, 2022 (%)
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Scope

This report provides:

  • A comprehensive analysis of the construction industry in Malaysia.
  • Historical and forecast valuations of the construction industry in Malaysia, featuring details of key growth drivers.
  • Segmentation by sector and by sub-sector.
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants.

Reasons to Buy

  • Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using GlobalData’s critical and actionable insight.
  • Assess business risks, including cost, regulatory, and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

  • 1. Executive Summary
  • 2. Construction Industry: At-a-Glance
  • 3. Context

    • 3.1. Economic Performance
    • 3.2. Political Environment and Policy
    • 3.3. Demographics
    • 3.4. Risk Profile

  • 4. Construction Outlook

    • 4.1. All Construction

      • 4.1.1. Outlook
      • 4.1.2. Latest news and developments
      • 4.1.3. Construction Projects Momentum Index

    • 4.2. Commercial Construction

      • 4.2.1. Outlook
      • 4.2.2. Project analytics
      • 4.2.3. Latest news and developments

    • 4.3. Industrial Construction

      • 4.3.1. Outlook
      • 4.3.2. Project analytics
      • 4.3.3. Latest news and developments

    • 4.4. Infrastructure Construction

      • 4.4.1. Outlook
      • 4.4.2. Project analytics
      • 4.4.3. Latest news and developments

    • 4.5. Energy and Utilities Construction

      • 4.5.1. Outlook
      • 4.5.2. Project analytics
      • 4.5.3. Latest news and developments

    • 4.6. Institutional Construction

      • 4.6.1. Outlook
      • 4.6.2. Project analytics
      • 4.6.3. Latest news and developments

    • 4.7. Residential Construction

      • 4.7.1. Outlook
      • 4.7.2. Project analytics
      • 4.7.3. Latest news and developments

  • 5. Key Industry Participants

    • 5.1. Contractors
    • 5.2. Consultants

  • 6. Construction Market Data
  • 7. Appendix

    • 7.1. What is this Report About?
    • 7.2. Definitions
    • 7.3. CRI Methodology

  • 8. About GlobalData
  • 9. Contact Us

Table

Table 1: Construction Industry Key Data

Table 2: Malaysia, Key Economic Indicators

Table 3: Malaysia, Commercial Construction Output by Project Type (Real % Change), 2018-27

Table 4: Malaysia, Top Commercial Construction Projects by Value

Table 5: Malaysia, Industrial Construction Output by Project Type (Real % Change), 2018-27

Table 6: Malaysia, Top Industrial Construction Projects by Value

Table 7: Malaysia, Infrastructure Construction Output by Project Type (Real % Change), 2018-27

Table 8: Malaysia, Top Infrastructure Construction Projects by Value

Table 9: Malaysia, Energy and Utilities Construction Output by Project Type (Real % Change), 2018-27

Table 10: Malaysia, Top Energy and Utilities Construction Projects by Value

Table 11: Malaysia, Institutional Construction Output by Project Type (Real % Change), 2018-27

Table 12: Malaysia, Top Institutional Construction Projects by Value

Table 13: Malaysia, Residential Construction Output by Project Type (Real % Change), 2018-27

Table 14: Malaysia, Top Residential Construction Projects by Value

Table 15: Malaysia, Key Contractors

Table 16: Malaysia, Key Consultants

Table 17: Malaysia, Construction Output Value (Real, $ Million)

Table 18: Malaysia, Construction Output Value (Nominal, MYR Million)

Table 19: GlobalData Construction Market Definitions

Table 20: Risk Dimensions

Table 21: Ratings, Scores and Definitions

Figures

Figure 1: South-East Asia, Construction Output (Real % Change), 2021-27

Figure 2: Malaysia, Construction Output by Sector (Real % Change), 2021-23 and 2024-27

Figure 3: Malaysia, Risk Summary

Figure 4: Malaysia, Risk Regional Comparison

Figure 5: Malaysia, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2018-27

Figure 6: Malaysia, Construction Output Value, by Sector (Real, $ Million), 2018-27

Figure 7: Malaysia, Construction Value Add (2015 Constant Prices, MYR Million)

Figure 8: Malaysia, Loans Disbursed for the Construction Industry (MYR Million)

Figure 9: Malaysia, Value of Construction Work Done, % Change YoY

Figure 10: Malaysia, Construction Projects Momentum Index

Figure 11: South-East Asia, Construction Projects Momentum Index

Figure 12: Malaysia, Commercial Construction Output by Project Type (Real, $ Million), 2018-27

Figure 13: Malaysia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 14: Malaysia, Wholesale and Retail Sales, % Change YoY

Figure 15: Malaysia, Construction Loans Disbursed for Wholesale and Retail Trade and Restaurants and Hotels, % Change YoY

Figure 16: Malaysia, Tourist Arrivals, in Thousands

Figure 17: Malaysia, Industrial Construction Output by Project Type (Real, $ Million), 2018-27

Figure 18: Malaysia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 19: Malaysia, Manufacturing Value Add (2015 Constant Prices, MYR Billion)

Figure 20: Malaysia, Industrial and Manufacturing Production Indices (2015=100)

Figure 21: Malaysia, Total exports (MYR Million)

Figure 22: Malaysia, Infrastructure Construction Output by Project Type (Real, $ Million), 2018-27

Figure 23: Malaysia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 24: Malaysia, Value of construction work done civil engineering, in MYR million

Figure 25: Malaysia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018-27

Figure 26: Malaysia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 27: Malaysia, Institutional Construction Output by Project Type (Real, $ Million), 2018-27

Figure 28: Malaysia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 29: Malaysia, Private Health Services Value Add (2015 Constant Prices, MYR Million)

Figure 30: Malaysia, Private Education Services Value Add (2015 Constant Prices, MYR Million)

Figure 31: Malaysia, Residential Construction Output by Project Type (Real, $ Million), 2018-27

Figure 32: Malaysia, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 33: Malaysia, Real Estate Value Add (2015 Constant Prices, MYR Million)

Figure 34: Malaysia, Value of Residential Construction Work Done (MYR Billion)

Figure 35: Malaysia, Loans disbursed for the purchase of residential property (MYR Million)

Figure 36: Malaysia, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 37: Malaysia, Headquarters of Key Consultants (% of Total Project Pipeline)

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