Malaysia Construction Industry Growing at 9.0% CAGR to 2018 Says a New Report Available at RnRMarketResearch.com
Dallas, Texas (PRWEB) July 24, 2014
The Malaysian construction industry increased in value at a compound annual growth rate (CAGR) of 10.93% during the review period (2009−2013). Growth was supported by the country’s economic development and an increase in investment opportunities in public infrastructure projects. Industry growth is expected to remain strong over the forecast period (2013−2018), driven by the government’s increasing expenditure on public infrastructure and its rising interest in the construction of residential units to meet housing demand. Consequently, the industry is expected to record a forecast-period CAGR of 9.00%.
This report provides detailed market analysis, information and insights into the Malaysian construction industry including:
- Malaysian construction industry’s growth prospects by market, project type and type of construction activity
- Analysis of equipment, material and service costs across each project type within Malaysia
- Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in Malaysian construction industry
- Profiles of the leading operators in Malaysian construction industry.
- Data highlights of the largest construction projects in Malaysian
Order a purchase copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=198919.
Below Company Profiles mention on this report:
- IJM Corporation Berhad
- Gamuda Berhad
- Muhibbah Engineering (M) Bhd
- S P Setia Berhad
- WCT Holdings Berhad
- The Malaysian construction industry peaked at an annual rate of 26.0% (in nominal terms) in 2012, after rebounding from the downturn in 2008 and registering respective growth rates of 2.9%, 1.3% and 5.7% in 2009, 2010 and 2011. The industry again entered decline in 2013, after recovering from the financial crisis, and posted a growth rate of 12.3%. However, the industry will recover due to affordable housing construction and planned infrastructural investments. Over the forecast period, residential construction activities are expected to improve relatively faster than non-residential activities. Public sector investments in energy, residential and transport infrastructure are expected to be the key drivers for industry growth over the forecast period.
- According to the Construction Industry Development Board Malaysia (CIDB Malaysia), the industry − driven by government and private sector investments in low cost housing and infrastructure projects, particularly the Economic Transformation Programme (ETP) − posted rapid growth during 2011–2012. During 2011−2013, the country secured a total of 195 projects worth MYR220.0 billion (US$70.0 billion) and is expected to secure projects worth MYR115.0 billion (US$36.6 billion) in 2014. In the first-three quarters of 2013, construction work for 4,253 projects worth MYR66.8 billion (US$21.3 billion) began, of which 76.0% involve private sector participation. According to CIDB Malaysia, private sector participation in projects will increase from 30.0% in 2013 to 50.0%, by the end of 2015. The current trend will therefore, support the growth of the Malaysian construction industry over the forecast period.
Complete report available at http://www.rnrmarketresearch.com/construction-in-malaysia-key-trends-and-opportunities-to-2018-market-report.html.
- Within the Malaysian residential construction market there was a strong demand for housing during the review period. According to The Global Property Guide Malaysia, the number of housing units sold was 18.7% in the third-quarter of 2013 as compared to 15.3% in the previous quarter and 12.5% in the third-quarter of 2012. Growth in the residential market was largely influenced by the increase in the number of housing units sold in line with the government efforts to help low- and middle-income earners.
- In October 2013, the Malaysian government announced its 2014 budget. The most money − MYR54.6 billion (US$17.4 billion) or 21.0% of the total budget − was allocated towards education. Under this plan, the government set aside MYR530.0 million (US$168.6 million) for preschool programs, MYR209.0 million (US$66.5 million) to enhance teacher training and language proficiency, MYR168.0 million (US$53.5 million) to increase internet access in rural areas, and MYR831.0 million (US$264.4 million) to build new schools and modernize existing ones. This will help support the growth of the educational buildings category over the forecast period.
- According to Bank Negara Malaysia – Malaysia’s central bank − the consumer sentiment index fell from 122.9 in the first-quarter of 2013 to 96.8 in the first-quarter of 2014, while the retail trade index fell from 101.0 in the first-quarter of 2013 to 86.3 in the first-quarter of 2014. A decline in consumer confidence means that developers will be cautious of investing in new retail buildings.
Explore more reports on Construction industry at http://www.rnrmarketresearch.com/reports/manufacturing-construction/construction.
RnRMarketResearch.com is an online database of market research reports offer in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.