📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Malaysia Construction Market Research Report Information By Sectors (Infrastructure Construction, Residential Construction, Energy and Utilities Construction, Commercial Construction and Industrial Construction), By Type (Additions, Demolition and Reconstruction and New Construction) – Malaysia Market Forecast Till 2032

ID: MRFR/CO/19767-HCR | 128 Pages | Author: Snehal Singh| June 2024

Malaysia Construction Market Overview

Malaysia's Construction Market Size was valued at USD 38.2 Billion in 2022. The Construction industry is projected to grow from USD 41.63 Billion in 2023 to USD 82.96 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.00% during the forecast period (2024 - 2032).Rising investment in the infrastructure sector due to the revival of different large-scale infrastructure projects and the acceleration of mega projects by the government are the main market drivers anticipated to propel the construction market in Malaysia.Malaysia Construction Market OverviewSource: The Primary Research, Secondary Research, MRFR Database and Analyst Review

Construction Market Trends

  • Growing residential construction is driving the market growth

The market CAGR of the construction market of Malaysia is driven by increased construction activity with the implementation of large-scale infrastructure projects and improved domestic and foreign investment in the country. The market is anticipated to continue its growth rate by accounting for an annual growth of 4.4% in 2024. The robust growth of population, urbanization, and rising disposable income have boosted the demand for housing, therefore increasing the number of residential construction projects. The primary developers are investing in this demand by undertaking large-scale residential developments, including apartments, condominiums, and landed properties, in order to offer broad housing needs. This growth in construction activity fuels the demand for cement, steel, and bricks and also helps industries like engineering, architecture, and interior design. Furthermore, construction creates employment opportunities, helping create jobs and income. The increase in investment in residential projects serves as a cornerstone of the construction industry in Malaysia, thus fueling market growth.

Furthermore, the initiatives of the government, like the construction of highways, bridges, airports, railways, and ports, and also the expansion and reconstruction of existing infrastructure, with the aim to transform Malaysia into a high-income nation and regional economic powerhouse, is fueling the market growth. Additionally, the enhanced infrastructure is essential for supporting industrial development, attracting investment, and improving the overall competitiveness of Malaysia's economy. Therefore, the government's continued investment in infrastructure development serves as a crucial driver for the construction market, complementing the growth driven by rising residential construction and thus driving the construction market revenue.

Construction Market Segment Insights

Construction Sector Insights

The Malaysia Construction market segmentation, based on sector, includes Infrastructure Construction, Residential Construction, Energy and Utilities Construction, Commercial Construction, And Industrial Construction. The infrastructure construction category dominates the market because of the government-led initiatives focused on modernizing transportation networks and improving connectivity. Huge projects include the construction of bridges, highways, railways, ports, and airports and the reconstruction of the existing ones. This also attracts investments, helps in industrial development, and contributes to the country's economic competitiveness.

Construction Type Insights

The Malaysia Construction market segmentation, based on type, includes Additions, Demolition and Reconstruction, and New Construction. The new construction category dominates the market due to the growing industry standards and regulatory requirements. These methods often focus on sustainability, efficiency, and cost-effectiveness as per the goals of economic development and environmental conservation. Further, technological advancements have allowed the adoption of innovative construction techniques like prefabrication and modular construction, offering faster project completion times and minimizing labor costs.

Figure 1: Malaysia Construction Market, by Type, 2023 & 2032 (USD Billion)Malaysia Construction Market, by Type, 2023 & 2032

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Construction Country Insights

The construction industry in Malaysia is an important segment that boosts economic growth and development due to a broad range of projects, such as commercial, residential, industrial, and infrastructure segments. With a fast-urbanizing population and continuing urban renewable initiatives, its construction market remains growing, attracting investment and fostering innovation in construction techniques and materials. Further, the government has implemented different initiatives and rules for promoting eco-friendly construction, including mandatory compliance with green building standards for certain types of developments. The government has invested in infrastructure projects in order to improve transportation networks, connectivity, and public amenities. Malaysia's construction industry is adopting digital technologies and Building Information Modeling (BIM) systems to streamline project management, optimize construction processes, and enhance collaboration among stakeholders.

Construction Key Market Players & Competitive Insights

Leading market players are investing heavily in the research and development in order to spread their product lines, which will help the Construction market grow even more. Market players are also undertaking various strategic activities to extend their footprint, with important market developments including mergers and acquisitions, new product launches, contractual agreements, higher investments, and collaboration with other organizations. To expand and sustain itself in a more competitive and rising market climate, the construction industry must offer cost-effective items.

Major players in the Construction market are trying to increase the market demand by investing in research and development operations, including YTL Corporation Berhad, IJM Corporation Berhad, Gamuda Berhad, UEM Group Berhad, Malaysian Resources Corporation Berhad, WCT Holdings Berhad, WCE Holdings Berhad, Hock Seng Lee Berhad, Mudajaya Group Berhad, Muhibbah Engineering (M) Bhd.

Key Companies in the Construction market include

  • YTL Corporation Berhad

  • IJM Corporation Berhad

  • Gamuda Berhad

  • UEM Group Berhad

  • Malaysian Resources Corporation Berhad

  • WCT Holdings Berhad

  • WCE Holdings Berhad

  • Hock Seng Lee Berhad

  • Mudajaya Group Berhad

  • Muhibbah Engineering (M) Bhd

Construction Industry Developments

April 2021: The Tetley Harris Food Group, a division of Tata Consumers Product, has announced that the US-based Harris Tea Company has bought all of its shares. The organization wants to offer integrated end-to-end services to its clients.

January 2021: Habib Bakshi, CEO of SkyDiamond Elite, purchased the Construction shop, which sold kits for making homemade brews. Additionally, the company uses a special combination of materials to prepare the product. With consumers' increasing health consciousness, the company plans to expand its business via digital marketing and assist customers in making cost-effective lifestyle changes.

Construction Market Segmentation

Construction Sector Outlook

  • Infrastructure Construction

  • Residential Construction

  • Energy and Utilities Construction

  • Commercial Construction

  • Industrial Construction

Construction Type Outlook

  • Additions

  • Demolition and Reconstruction

  • New Construction

Report Attribute/Metric Details
Market Size 2022 USD 38.2 Billion
Market Size 2023 USD 41.63 Billion
Market Size 2032 USD 82.96 Billion
Compound Annual Growth Rate (CAGR) 9.00% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2019-2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Sector, Type, and Region
Countries Covered Malaysia
Key Companies Profiled YTL Corporation Berhad, IJM Corporation Berhad, Gamuda Berhad, UEM Group Berhad, Malaysian Resources Corporation Berhad, WCT Holdings Berhad, WCE Holdings Berhad, Hock Seng Lee Berhad, Mudajaya Group Berhad, Muhibbah Engineering (M) Bhd
Key Market Opportunities Growing development of smart cities and sustainable urban infrastructure
Key Market Dynamics Increased investment by the government of the country. Focus on sustainable construction practices in Malaysia.

Frequently Asked Questions (FAQ) :

The Malaysia Construction market size was valued at USD 41.63 Billion in 2023.

The market is projected to grow at a CAGR of 9.00% during the forecast period, 2024-2032.

The key players in the market are YTL Corporation Berhad, IJM Corporation Berhad, Gamuda Berhad, UEM Group Berhad, Malaysian Resources Corporation Berhad, WCT Holdings Berhad, WCE Holdings Berhad, Hock Seng Lee Berhad, Mudajaya Group Berhad, Muhibbah Engineering (M) Bhd.

The infrastructure construction category dominated the market in 2023.

The new construction category had the largest share of the market.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.