Construction in Malaysia - Key Trends and Opportunities to 2024

Construction in Malaysia - Key Trends and Opportunities to 2024

  • October 2020 •
  • 46 pages •
  • Report ID: 5309167 •
  • Format: PDF
Construction in Malaysia - Key Trends and Opportunities to 2024

Summary
The Malaysian construction industry has been severely affected by disruption caused by the Coronavirus (COVID-19) pandemic. The analyst predicts that the industry’s output will shrink by 14.9% in 2020, as construction activity was brought to a standstill across many parts of the country, owing to the impact of COVID-19 containment measures. The forecast reflects the fact that the industry had already declined sharply in H1 2020, contracting by 44.9% year-on-year (y-o-y) in Q2 and 6.3% in Q1, and given the weakness in the overall economy, construction activity will remain sluggish in H2 2020.

Although the government allowed construction sites in the country to resume operations in April, a large number of construction sites have taken time to restart.For example, of the 6,750 construction sites inspected by the Construction Industry Development Board (CIDB) in June, over 5,000 sites were not yet operational.

A total of 295 sites were issued warnings for not adhering to the standard operating procedure (SOP) for the conditional movement control order (CMCO), while 12 sites were shut down.

Assuming that the COVID-19 crisis eases in 2021, the industry will recover, posting average annual growth of 6.8% between 2021-2024, supported by investments in infrastructure, healthcare, education and renewable energy projects. In March 2020, the government announced plans to spend MYR2 billion (US$472.8 million) on infrastructure development projects. Among the specific plans, the government intends to develop a transit-oriented mixed development on a 196.7ha area, which involves the construction of commercial centers, office complexes and 10,000 affordable housing units with an investment of MYR140 billion (US$33.8 billion) during the period of 2019-2025. However, there are downside risks to this forecast, given the possibility of a second wave of COVID-19, which could further extend the movement restrictions.

This report provides detailed market analysis, information and insights into the Malaysian construction industry, including -
- The Malaysian 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 the Malaysian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

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

It provides -
- Historical (2015-2019) and forecast (2020-2024) 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 our 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 business strategies using critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
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