Malaysia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Malaysia Construction Market Overview
The Malaysia construction market size was $30.1 billion in 2023. The market will achieve an AAGR of more than 5% during 2025-2028, driven by investments in leisure and hospitality infrastructure, manufacturing facilities, roads, and renewable energy.
Malaysia Construction Market Outlook, 2023-2028 ($ Billion)
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The Malaysia construction market research report gives 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 growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence the Malaysian construction market growth in the coming years.
Market Size (2023) | $30.1 billion |
AAGR (2025-2028) | >5% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · China Railway Engineering Group Company Ltd
· Gamuda Berhad · WCT Holdings Bhd · China Communications Construction Group Ltd · Hock Seng Lee Berhad |
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
The infrastructure construction sector accounted for the highest share of the Malaysian construction market in 2023
The key sectors in the Malaysian construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The government investment to expand the transportation network in the country will support the infrastructure sector’s output during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. An increase in government investment to construct affordable housing and robust residential demand amid strong wage and economic growth will support the residential sector output over the forecast period.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. Public and private investment in renewable energy projects, in line with the government’s commitments to increase renewable energy capacity from 2% in 2019 to 40% by 2035 will drive the sector growth during 2025-2028.
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 public and private sector investments in the construction of data centers, warehouses, retail buildings, and digital economy-related infrastructure will be mainly responsible for the sector’s growth.
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. Rising public and private investments in the development of manufacturing facilities, and chemical plants 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 public and private sector investment in healthcare and education infrastructure will fuel the growth of the institutional construction sector during the forecast period.
Malaysia Construction Market Analysis by Sectors, 2023 (%)
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Malaysia Construction Market - Competitive Landscape
China Railway Engineering Group Company Ltd emerged as the leading contractor and HSS Engineers Berhad as the leading consultant in the Malaysia construction market in 2023.
A few of the leading contractors in the Malaysia construction market are:
- China Railway Engineering Group Company Ltd
- Gamuda Berhad
- WCT Holdings Bhd
- China Communications Construction Group Ltd
- Hock Seng Lee Berhad
Domestic contractors account for most of the project pipeline in the Malaysian construction market.
Malaysia Construction Market Analysis by Contractors, 2023 (%)
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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, 2023 (%)
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Malaysia Construction Market - Latest Developments
- In September 2023, the government announced investing through the New Industrial Master Plan (NIMP) until 2030 to expand the industrial sector and support the growth of the export sector.
- The Malaysian Investment Development Authority (MIDA) reported that the government had approved 5,101 foreign investment projects in 2023.
Segments Covered in the Report
Malaysia Construction Sectors Outlook (Value, $ Billion, 2019-2028)
- 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.
- 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 500 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
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Figures
Frequently asked questions
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What was the construction market size in Malaysia in 2023?
The construction market size in Malaysia was $30.1 billion in 2023.
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What will the Malaysia construction market growth rate be during the forecast period?
The construction market in Malaysia is projected to achieve an AAGR of more than 5% during 2025-2028.
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Which sector accounted for the highest share of the Malaysian construction market in 2023?
The infrastructure construction sector accounted for the highest market share in the Malaysian construction market in 2023.
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Which are the leading contractors in the Malaysian construction market?
A few of the leading contractors in the Malaysian construction market are China Railway Engineering Group Company Ltd, Gamuda Berhad, WCT Holdings Bhd, China Communications Construction Group Ltd, and Hock Seng Lee Berhad, among others.
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Which are the leading consultants in the Malaysian construction market?
A few of the leading consultants in the Malaysian construction market are HSS Engineers Berhad, VERITAS Architects Sdn Bhd, Millimetre Design Sdn Bhd, GDP Architects Sdn Bhd, and CH&I Architecture Sdn Bhd, among others.
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