Construction in Malaysia - Key Trends and Opportunities to 2023
|出版日||ページ情報||英文 49 Pages
|マレーシアの建設市場：主な傾向と機会 Construction in Malaysia - Key Trends and Opportunities to 2023|
|出版日: 2019年01月11日||ページ情報: 英文 49 Pages||
当レポートでは、マレーシアの建設市場について分析し、市場全体の構造や将来展望、市場規模 (生産高・付加価値額) の推移と予測 (過去5年間・今後5年間分)、各部門の詳細動向と代表的なプロジェクト、各種コスト (材料費・設備費・サービス費用) および活動内容 (新規建設、修理・整備、リフォーム、解体) の動向、今後解決すべき課題、今後の市場機会とリスク、代表的企業のプロファイルなどについて調査・推計しております。
The Malaysian construction industry's output grew at a compound annual growth rate (CAGR) of 6.69% during the review period (2014-2018). The industry's output value, measured at constant 2017 US dollar exchange rates, increased from US$25.9 billion in 2014 to US$33.6 billion in 2018. Although output growth slowed in 2018, the general upward trend can be attributed to public and private sector investment in infrastructure, residential and energy construction projects.
However, the construction industry is expected to face some challenges, mainly stemming from the new government's policy to reduce the country's debt by cutting investment on major infrastructure projects. In October 2018, the Mahathir government announced plans to cut 15.0% of the total development expenditure annually, in order to reduce the country's debt. Accordingly, in October 2018, after reviewing MP2016-2020 program, the government announced a plan to reduce its program budget from MYR260.0 billion (US$52.6 billion) to MYR220.0 billion (US$55.1 billion).
Over the forecast period (2019-2023), the government's efforts to enhance transport and residential infrastructure will support the growth of the industry. The industry's output value in real terms is expected to post a forecast-period CAGR of 5.53%. Consequently, the industry's output value is expected to rise from a value of US$33.6 billion in 2018 to US$43.9 billion in 2023, measured at constant 2017 US dollar exchange rates. In addition, the government's aim to improve local energy resources is expected to support investments in energy infrastructure projects, which will in turn fuel growth in the industry. The industry growth will also be driven by the 11th Malaysia Plan (11MP) 2016-2020, under which the government plans to develop the transport infrastructure, manufacturing, mining and agriculture sectors with an aim to achieve the status of a developed economy by 2020.
Residential construction was the largest market in the industry during the review period, accounting for 29.1% of its total value in 2018. Market expansion over the forecast period is expected to be supported by affordable housing programs being implemented by the government. Infrastructure construction was the second-largest market in the Malaysian construction industry during the review period, accounting for 24.4% of its total value in 2018. The market is expected to retain its position over the forecast period, accounting for 26.8% of the industry's total value in 2023.
GlobalData's "Construction in Malaysia - Key Trends and Opportunities to 2023", report provides detailed market analysis, information and insights into the Malaysian construction industry, including -
This report provides a comprehensive analysis of the construction industry in Malaysia. It provides -