London, 02 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the construction market in Malaysia 2015-2019, which is expected to grow at a CAGR of 8.92% during 2014-2019.
There has been a significant growth in investment from the state level and private companies, which is estimated to grow further in the coming years. The ETP has been a major contributor toward the growth of this sector. Many construction projects are expected to materialize in various sectors, which will boost the growth of the infrastructure construction sector.
“The increasing demand for energy will lead to reduction of resource reserves and increase in greenhouse gas emissions,” says Faisal Ghaus, Vice President of Technavio.
“In order to control the reduction of energy sources and increasing emissions, the government of Malaysia is promoting green building and sustainable development practices in the country.”
Key Market Drivers
- Economic Transformation Programme
- Increase in Investments
- Growth in Residential Sector
Key Market Trends
- Adoption of Green Building Practices
- Adoption of Industrialised Building System
- Increased Investment in Construction of Healthcare Facilities
Key Market Vendors
- Eversendai
- Gamuda Berhad
- WCT
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
