Malaysia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027

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Malaysia Construction Market 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 of the market will be supported by investment in transport, renewable energy, industrial, green hydrogen, and telecommunication infrastructure projects.

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

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

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The Malaysia construction market research report provides detailed market analysis, information, and insights into the Malaysia construction industry, including the industry’s growth prospects by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Malaysia construction industry. It also provides an analysis of the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report discusses the sectors in the construction market and provides an overview of each sector along with their driving factors.

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 Co Ltd

·        Hock Seng Lee Berhad

·        China State Construction Engineering Corp Ltd

Key Consultants ·        HSS Integrated Sdn Bhd

·        GDP Architects Sdn Bhd

·        CH&I Architecture Sdn Bhd

·        VERITAS Architects Sdn Bhd

·        ERE Consulting Group

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Malaysia Construction Market Segmentation by Sectors

Infrastructure construction was the leading sector in the Malaysian construction market in 2022.

The key sectors in the Malaysian construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.

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 growth of the sector over the forecast period will be supported by an improvement in wholesale, retail trade, and tourism activities, which is expected to support new investment in hospitality, accommodation, and retail buildings.

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. The growth of the sector will be supported by an improvement in foreign investments, coupled with strong manufacturing activity.

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The growth of the sector over the forecast period will be supported by investment in developing regional transportation infrastructure.

Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The growth in these sectors will be supported by public and private investment in the development of renewable energy infrastructure, in line with the government’s focus on reducing carbon emissions in the country.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Forecast-period growth in the institutional construction sector will be supported by investment in the education and healthcare sectors.

Residential construction: The project types in this sector include single-family housing and multi-family housing. The market growth will be supported by rising residential demand amid increasing urbanization and household incomes.

Malaysia Construction Market Analysis by Sectors, 2022 (%)

Malaysia Construction Market Analysis by Sectors, 2022 (%)

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Malaysia Construction Market - Competitive Landscape

Gamuda Berhad led the Malaysia construction market in 2022.

Some of the leading contractors in the Malaysia construction market are:

  • Gamuda Berhad
  • WCT Holdings Bhd
  • China Communications Construction Co Ltd
  • Hock Seng Lee Berhad
  • China State Construction Engineering Corp Ltd

Domestic contractors account for a majority share of the project pipeline in the Malaysia construction market.

Malaysia Construction Market Analysis by Contractors, 2022 (%)

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Some of the leading consultants in the Malaysia construction market are:

  • HSS Integrated Sdn Bhd
  • GDP Architects Sdn Bhd
  • CH&I Architecture Sdn Bhd
  • VERITAS Architects Sdn Bhd
  • ERE Consulting Group

HSS Integrated Sdn Bhd led the market in 2022. 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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Malaysia Construction Market – Latest Developments

  • The government plans to increase the proportion of renewable energy in the total energy mix from 2% in 2019, to 31% by 2025 and 40% by 2035.
  • In September 2021, the government announced it plans to establish the PPP 3.0 model, a specialized mechanism to fund infrastructure projects in the 12MP between 2021 and 2025. As part of the 12MP, the government is aiming to develop 120 cities to achieve a sustainable city status by 2025, by providing additional support to private sector projects implementing strategic development programs.

Segments Covered in the Report

Malaysia Construction Sectors Outlook (Value, $ Billion, 2018-2027)

  • Commercial Construction
  • Industrial Construction
  • Infrastructure Construction
  • Energy and Utilities Construction
  • Institutional Construction
  • Residential Construction

Scope

  • 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.

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

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