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

Pages: 47 Published: June 09, 2023 Report Code: GDCN1157MR

Report Overview
Table of Contents
Tables
Figures
FAQ

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 6% during 2024-2027, driven by investment in large-scale transport and energy projects. Construction industry growth will be further supported by the government’s aim of establishing the Public Private Partnership (PPP) 3.0 model, a specialized mechanism to fund infrastructure projects under the 12th Malaysia (12MP) plan between 2021 and 2025.

Malaysia Construction Market Outlook, 2022-2027

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The Malaysia construction market research report provides detailed market analysis, information, and insights into the Malaysia construction industry, including the growth prospects of the industry 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. The report also provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Market Size (2022)	$27.7 billion
AAGR (2024-2027)	>6%
Forecast Period	2023-2027
Historical Period	2018-2022
Key Sectors	· Commercial Construction · Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction
Leading Contractors	· Gamuda Berhad · WCT Holdings Bhd · China Communications Construction Co Ltd · Hock Seng Lee Berhad · China State Construction Engineering Corp Ltd · KKB Engineering Bhd · Mudajaya Group Bhd · Malaysian Resources Corporation Berhad · Pekerjaan Piasau Konkerit Sdn Bhd · Ekovest Bhd
Leading Consultants	· HSS Integrated Sdn Bhd · GDP Architects Sdn Bhd · CH&I Architecture Sdn Bhd · VERITAS Architects Sdn Bhd · ERE Consulting Group · JA Project Consultant Sdn Bhd · Seaport Terminal (Johor) Sdn Bhd · Jurutera TSSC Lim Sdn Bhd · Gamuda Berhad · DP Architects Pte Ltd
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Malaysia Construction Market Segmentation by Sectors

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

Commercial construction: The commercial construction sector is expected to grow this year, before recording an annual average growth between 2024 and 2027, supported by increased tourism, leisure, and hospitality projects, coupled with increasing investment in data center and logistics projects.

Industrial construction: The industrial construction sector is expected to expand this year and record an average growth of more than 6% between 2024 and 2027, supported by continued investment in the manufacturing sector and the government’s relaxation of taxes to attract multinational business to the country.

Infrastructure construction: The infrastructure construction sector is expected to grow in 2023, aided by increased public investment and steady progress in transportation developments. Over the remainder of the forecast period, the sector’s output will be greatly aided by the completion of ongoing infrastructure projects under the 12th Malaysia Plan and the establishment of the Public Private Partnership (PPP) 3.0 model.

Energy and utilities construction: The energy and utilities construction sector is expected to grow this year, before registering an annual average growth of more than 6% between 2024 and 2027, driven by the execution of scheduled large oil and gas projects, coupled with the government’s commitment to increase renewable energy capacity.

Institutional construction: GlobalData expects the institutional sector to grow in 2023 and record an average growth of more than 6% from 2024 to 2027, supported by investment in the healthcare and education sectors.

Residential construction: The residential construction sector is expected to remain weak in the short term, due to rising inflationary pressure and higher mortgage rates, which have resulted in a decrease in housing starts, completions, and new planned projects. Over the forecast period, the sector’s output will be aided by the government’s goals of transforming 120 cities across the country into sustainable cities and constructing 500,000 affordable houses by 2025.

Malaysia Construction Market Analysis by Sectors, 2022 (%)

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Malaysia Construction Market - Competitive Landscape

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, KKB Engineering Bhd, Mudajaya Group Bhd, Malaysian Resources Corporation Berhad, Pekerjaan Piasau Konkerit Sdn Bhd, and Ekovest Bhd. Gamuda Berhad led the market in 2022.

Malaysia Construction Market by Contractors, 2022 (%)

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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, JA Project Consultant Sdn Bhd, Seaport Terminal (Johor) Sdn Bhd, Jurutera TSSC Lim Sdn Bhd, Gamuda Berhad, and DP Architects Pte Ltd. HSS Integrated Sdn Bhd led the market.

Malaysia Construction Market by Consultants, 2022 (%)

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Segments Covered in the Report

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

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

Scope

This report provides a comprehensive analysis of the construction industry in Malaysia. It provides

Historical and forecast valuations of the construction industry in Malaysia, featuring details of key growth drivers.

Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) 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.

About GlobalData
- 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
  - 7.4. GlobalData Construction
- 8. Contact Us

List of Tables

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

List of Figures

Figure 1: Latin America, 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, $ Billion, 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, in MYR Million

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

Figure 10: Malaysia, GFCF in MYR Billion, 2015 constant prices

Figure 11: Malaysia, Construction Projects Momentum Index

Figure 12: South-East Asia, Construction Projects Momentum Index

Figure 13: Malaysia, Commercial Construction Output by Project Type (Real, $ Million), 2018–27

Figure 14: Malaysia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 15: Malaysia, Wholesale and Retail Sales, % Change YoY

Figure 16: Malaysia, Tourist Arrivals, in Thousands

Figure 17: Malaysia, Construction Loans Disbursed for Wholesale and Retail Trade and Restaurants and Hotels, % Change YoY

Figure 18: Malaysia, Industrial Construction Output by Project Type (Real, $ Million), 2018–27

Figure 19: Malaysia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 20: Malaysia, Manufacturing Value Add (2015 Constant Prices, MYR Million)

Figure 21: Malaysia, Industrial and Manufacturing Production Indices (2015=100)

Figure 22: Malaysia, Extraction of Oil, Gas, Minerals, and Related Services Value Add (LCU Million, 2007 Constant Prices)

Figure 23: Malaysia, Infrastructure Construction Output by Project Type (Real, $ Million), 2018–27

Figure 24: Malaysia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 25: Malaysia, value of construction work done civil engineering, in MYR million

Figure 26: Malaysia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018–27

Figure 27: Malaysia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 28: Malaysia, Institutional Construction Output by Project Type (Real, $ Million), 2018–27

Figure 29: Malaysia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

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

Figure 31: Malaysia, Private Health Services Value Add (2015 Constant Prices, MYR Million)

Figure 32: Malaysia, Residential Construction Output by Project Type (Real, $ Million), 2018–27

Figure 33: Malaysia, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 34: Malaysia, Real Estate Value Add (2015 Constant Prices, MYR Million)

Figure 35: Malaysia, Value of Residential Construction Work Done (MYR Billion)

Figure 36: Malaysia, Loans disbursed for the purchase of residential property (MYR Million)

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

Figure 38: Malaysia, Headquarters of Key Consultants (% of Total Project Pipeline)

Frequently Asked Questions

The construction market size in Malaysia was $27.7 billion in 2022.

The construction market in Malaysia is projected to achieve an AAGR of more than 6% during 2024-2027.

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

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