London, 04 March 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Piling and Foundation Market in Malaysia 2015-2019, which is expected to grow at a CAGR of 9.41 percent during the period 2014-2019.
The Construction market in Malaysia is growing significantly because of support from government and private agencies, and increased investment. The government has increased its expenditure on infrastructure and support services to provide an impetus to the economic development of the country.
“To optimize the output of the industry, the government is investing in public-private partnership projects,” says Faisal Ghaus, Vice President of TechNavio.
“These projects ease the norms of transferring land and other regulatory processes involved, allowing the acceleration of infrastructure projects in the Railways, Civil Aviation, and Ports sectors, which are required to boost economic growth.”
Key Market Drivers
- Rapid Urbanization
- Booming Construction Market
- Increased Government Support
Key Market Trends
- Increase in Public-private Partnership Projects
- Green Building Initiatives
- Increase in Renting of Piling and Foundation Equipment
Key Market Vendors
- Aneka Jaringan Sdn Bhd
- Econpile Holdings Bhd
- Geohan Sdn Bhd
- Geopancar Sdn Bhd
- Pintaras Jaya Bhd
- Sunway Bhd
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%…
