Malaysia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)

The Construction in Malaysia - Key Trends and Opportunities to 2028 (Q3 2024) report provides detailed market analysis, information, and insights into Malaysia’s construction industry, including:

Malaysia’s construction industry's growth prospects by market, project type and construction activity
Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Malaysia’s construction industry
Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

The analyst expects the Malaysian construction industry to expand by 7.4% in real terms in 2024, supported by investments in transport infrastructure and renewable energy projects. According to the Department of Statistics Malaysia (DOSM), construction industry’s value add grew by 14.6% year-on-year (YoY) in the first half of 2024, following an annual growth of 6.1% in 2023. In the first quarter of 2024, 1,257 investment projects totalling MYR83.7 billion ($18.4 billion) were approved by the government, according to the Malaysian Investment Development Authority (MIDA); this represents a Y-o-Y increase of 13% over the same period in 2023. During the same period, MYR36.7 billion ($8.1 billion) in domestic investments and MYR47 billion ($10.3 billion) in foreign investments (FI) accounted to the total investment. The Malaysian Ministry of Energy and Natural Resources' (KeTSA) goal of increasing the renewable capacity from 13.3% in July 2024 to 31% by 2025, 40% by 2035, and 75% by 2050 will also help in boosting growth in the industry. As of August 2024, construction on the Nenggiri hydroelectric dam project, which is being developed by the Malaysian electric utility company Tenaga Nasional (TNB), was 40.5% complete, with total completion scheduled for November 2027. The project is expected to cost approximately MYR5 billion ($1.1 billion) and is outlined in the government's National Energy Transition Roadmap (NETR).

The industry is expected to register an annual average growth rate of 5.6% between 2025 and 2028, supported by an improvement in export activities, coupled with investments in manufacturing and housing infrastructure projects. The New Industrial Master Plan 2030 (NIMP 2030) announced in 2023, which intends to establish 3,000 smart factories in the country by 2030 via Industry 4.0 and digital technology adoption with an expected investment of MYR5 billion ($1.1 billion), will also contribute to the growth over the predicted period. In May 2024, Siliconware Precision Industries (SPIL), a Taiwanese semiconductor packaging and testing manufacturer, has started the construction of its MYR6 billion ($1.3 billion) P1 manufacturing facility at Bandar Cassia Technology Park in Penang.

Scope

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

Historical (2019-2023) and forecast (2024-2028) 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 the analyst'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 the analyst's critical and actionable insight.
Assess business risks, including cost, regulatory and competitive pressures.
Evaluate competitive risk and success factors.

1 Executive Summary2 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

Outlook
Latest news and developments
Construction Projects Momentum Index

4.2 Commercial Construction

Outlook
Project analytics
Latest news and developments

4.3 Industrial Construction

Outlook
Project analytics
Latest news and developments

4.4 Infrastructure Construction

Outlook
Project analytics
Latest news and developments

4.5 Energy and Utilities Construction

Outlook
Project analytics
Latest news and developments

4.6 Institutional Construction

Outlook
Project analytics
Latest news and developments

4.7 Residential Construction

Outlook
Project analytics
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

About the Analyst
Contact the Publisher

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), 2019-28
Table 4: Malaysia, Top Commercial Construction Projects by Value
Table 5: Malaysia, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Malaysia, Top Industrial Construction Projects by Value
Table 7: Malaysia, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Malaysia, Top Infrastructure Construction Projects by Value
Table 9: Malaysia, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Malaysia, Top Energy and Utilities Construction Projects by Value
Table 11: Malaysia, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Malaysia, Top Institutional Construction Projects by Value
Table 13: Malaysia, Residential Construction Output by Project Type (Real % Change), 2019-28
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 Billion)
Table 19: the analyst Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: South-East Asia, Construction Output (Real % Change), 2022-28
Figure 2: Malaysia, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Malaysia, Risk Summary
Figure 4: Malaysia, Risk Regional Comparison
Figure 5: Malaysia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Malaysia, Construction Output Value, by Sector (Real, $ Million), 2019-28
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), 2019-28
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, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 17: Malaysia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: Malaysia, Manufacturing Value Add (2015 Constant Prices, MYR Billion)
Figure 19: Malaysia, Industrial and Manufacturing Production Indices (2015=100)
Figure 20: Malaysia, Total exports (MYR Million)
Figure 21: Malaysia, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 22: Malaysia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Malaysia, Value of Construction Work Done of Civil Engineering (MYR Million)
Figure 24: Malaysia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 25: Malaysia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Malaysia, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 27: Malaysia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Malaysia, Private Health Services Value Add (2015 Constant Prices, MYR Million)
Figure 29: Malaysia, Private Education Services Value Add (2015 Constant Prices, MYR Million)
Figure 30: Malaysia, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 31: Malaysia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Malaysia, Real Estate Value Add (2015 Constant Prices, MYR Million)
Figure 33: Malaysia, Value of Residential Construction Work Done (MYR Billion)
Figure 34: Malaysia, Loans disbursed for the purchase of residential property (MYR Million)
Figure 35: Malaysia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 36: Malaysia, Headquarters of Key Consultants (% of Total Project Pipeline)

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The Construction in Malaysia - Key Trends and Opportunities to 2028 (Q3 2024) report provides detailed market analysis, information, and insights into Malaysia’s construction industry, including:

Scope

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

Reasons to Buy

Table of Contents

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