DUBLIN–(BUSINESS WIRE)–The “Malaysia Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026” report has been added to ResearchAndMarkets.com’s offering.
The Malaysian construction industry registered a contraction of 5.2% in real terms in 2021, following an annual decline of 19.4% in 2020.
The industry’s output in the first half of 2021 was supported by an improvement in wider economic activity and more favorable external demand. Despite remaining stable in the first half of last year, however, construction activity collapsed in the second half of 2021, due to the impact of the restrictions imposed amid a severe outbreak of the Delta variant of Coronavirus (COVID-19) in Q3 2021.
According to the Department of Statistics Malaysia (DOSM), the Malaysian construction industry declined by 12.2% year on year (YoY) in Q4 2021, preceded by a Y-o-Y decline of 20.6% in Q3 2021, driven by a decline in civil engineering, residential and non-residential construction works.
The publisher expects the construction industry to register a growth rate of 19.5% in 2022, before registering an annual average growth rate of 6.1% between 2023 and 2026, supported by investment in transportation and energy projects.
In September 2021, the government announced a plan to establish the Public Private Partnership (PPP) 3.0 model, as a specialized mechanism to fund infrastructure projects to stimulate economic growth in the 12th Malaysia Plan between 2021 and 2025. In June 2021, the government unveiled its energy transition plans until 2040, aiming to increase the proportion of renewable energy in the total energy mix from 2% in 2019 to 31% by 2025, and 40% by 2035.
Over the forecast period, the industry’s growth will also be supported by a recovery in economic conditions, coupled with investment in residential, industrial and water infrastructure projects.
As part of the 12th Malaysia Plan, the government announced its goal of developing 120 cities to achieve a sustainable city status by 2025, by providing additional support to private-sector projects implementing strategic development programs. The government also intends to construct 500,000 affordable houses by 2025, as part of the 12th Malaysia Plan.
Scope
Reasons to Buy
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/acn31n
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
A team's standing in red-ball competition rarely rests on pure batting talent; it relies on…
Ashok Leyland share price jumped 11.65% after October vehicle sales rose 23% to 21,888 units.…
Afghanistan won a two-match Test series 1-0 in Sharjah and took the third T20I of…
Indian stock markets opened near three-month highs on Thursday as crude oil slid after U.S.…
Luka Doncic scored 40 points, pulled down nine rebounds and dished out seven assists, and…
Xiaomi has begun the global rollout of HyperOS 4, bringing Android 17, a redesigned Soft…