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Market Research Report

Construction in Myanmar - Key Trends and Opportunities to 2024

Published by GlobalData Product code 661502
Published Content info 48 Pages
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Construction in Myanmar - Key Trends and Opportunities to 2024
Published: March 6, 2020 Content info: 48 Pages
Description

Myanmar's construction industry expanded by 8.1% in real terms in 2019; this was preceded by an annual average growth of 7.1% during the preceding four years. Growth during the review period (2015-2019) was driven by positive developments in regional economic conditions, as well as public and private sector investments in transport infrastructure, energy and housing construction projects.

The government's focus on the development of the country's infrastructure under the Myanmar Sustainable Development Plan (MSDP) 2018-2030, in order to support economic growth and create jobs, is expected to support growth in the industry over the forecast period (2020-2024). The plan is to identify priority infrastructure projects and encourage the public-private partnership (PPP) mechanism to finance the project. In addition, public and private sector investments in energy, residential, commercial, healthcare and educational infrastructure construction projects are expected to support growth in the industry over the forecast period.

According to the Ministry of Planning and Finance (MOPF), the government approved the 2019-2020 union budget of MMK35.2 trillion (US$23.1 billion) for FY2019-2020 (October to September). Of the total budget, the government allocated MMK8 trillion (US$5.2 billion) to the Ministry of Electricity and Energy (MOEE), MMK2.7 trillion (US$1.8 billion) towards the education sector, MMK1.7 trillion (US$1.1 billion) towards the transport and communications sector, MMK1.1 trillion (US$703.3 million) to the Ministry of Health and Sports and MMK1.1 trillion (US$698.7 million) towards construction.

The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 8.67% over the forecast period. The industry is consequently expected to rise from a value of US$12.2 billion in 2019 to US$18.5 billion in 2024, measured at constant 2017 US dollar exchange rates. However, there are potential risks in the early part of the forecast period, reflecting an uncertain outlook for the economy and investor confidence owing to the Coronavirus outbreak, which could have an adverse impact on construction spending, particularly in the commercial sector.

GlobalData's Construction in Myanmar - Key Trends and Opportunities to 2024 report provides detailed market analysis, information and insights into Myanmar's construction industry, including -

  • Myanmar's construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Myanmar's construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Myanmar. It provides -

  • Historical (2015-2019) and forecast (2020-2024) valuations of the construction industry in Myanmar, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants

Reasons to buy

  • Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Table of Contents
Product Code: GDCN0521MR

Table of Contents

1 Executive Summary

2 Construction Outlook: At-a-glance

3 Key Drivers and Risks

  • 3.1. Economic Performance
  • 3.2. Political Environment
  • 3.3. Demographics
  • 3.4. Risk Profile

4 Construction Outlook

  • 4.1. All Construction
    • 4.1.1. Outlook
    • 4.1.2. Project analytics
  • 4.2. Commercial Construction
    • 4.2.1. Outlook
    • 4.2.2. Project analytics
  • 4.3. Industrial Construction
    • 4.3.1. Outlook
    • 4.3.2. Project analytics
  • 4.4. Infrastructure Construction
    • 4.4.1. Outlook
    • 4.4.2. Project analytics
  • 4.5. Energy and Utilities Construction
    • 4.5.1. Outlook
    • 4.5.2. Project analytics
  • 4.6. Institutional Construction
    • 4.6.1. Outlook
    • 4.6.2. Project analytics
  • 4.7. Residential Construction
    • 4.7.1. Outlook
    • 4.7.2. Project analytics

5 Key Industry Participants

  • 5.1. Contractors
  • 5.2. Consultants

6 Appendix

  • 6.1. What is this Report About?
  • 6.2. Definitions

7 About GlobalData

  • 7.1. GlobalData at a Glance
  • 7.2. GlobalData Construction
  • 7.3. Disclaimer
  • 7.4. Contact Us

List of Tables

  • Table 1: Construction Outlook
  • Table 2: Myanmar, Key Economic Indicators
  • Table 3: Myanmar, Construction Output Value (Real, US$ Million)
  • Table 4: Myanmar, Construction Output Value (nominal, MMK Million)
  • Table 5: Myanmar, Top Commercial Cons

List of Figures

  • Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
  • Figure 2: Myanmar, Construction Projects Pipeline by Sector (US$ Billion)
  • Figure 3: Myanmar, Risk Profile
  • Figure 4: Myanmar, Risk Comparison
  • Figure 5: Myanmar, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
  • Figure 6: Myanmar, Construction Output Value, Growth Matrix
  • Figure 7: Myanmar, Construction Output Value, by Sector (Real, US$ Million), 2015-2024
  • Figure 8: Myanmar, Construction Projects Pipeline, Projected Annual Spending by Stage (US$ Million), 2019-2024
  • Figure 9: Myanmar, Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 10: Myanmar, Commercial Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 11: Myanmar, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 12: Myanmar, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (US$ Million), 2019-2024
  • Figure 13: Myanmar, Industrial Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 14: Myanmar, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 15: Myanmar, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (US$ Million), 2019-2024
  • Figure 16: Myanmar, Infrastructure Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 17: Myanmar, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 18: Myanmar, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (US$ Million), 2019-2024
  • Figure 19: Myanmar, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 20: Myanmar, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 21: Myanmar, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (US$ Million), 2019-2024
  • Figure 22: Myanmar, Institutional Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 23: Myanmar, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 24: Myanmar, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (US$ Million), 2019-2024
  • Figure 25: Myanmar, Residential Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 26: Myanmar, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 27: Myanmar, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (US$ Million), 2019-2024
  • Figure 28: Myanmar, Headquarters of Key Contractors (% of Total Project Pipeline)
  • Figure 29: Myanmar, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
  • Figure 30: Myanmar, Headquarters of Key Consultants (% of Total Project Pipeline)
  • Figure 31: Myanmar, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)
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