iCrowd Newswire
18 Sep 2023, 20:32 GMT+10
The South-East Asia Construction market size is expected to reach $571.6 billion by 2030, according to a new report by GlobalData Plc. The rising focus towards expanding regional transport connectivity coupled with the increasing demand for affordable homes is expected to drive the market growth over the forecast period.
South-East Asia Construction Market Share By Sectors, 2018 - 2027 (%)
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South-East Asia Construction Market FAQs
The South-East Asia construction market size will be evaluated at $450.1 billion in 2023.
The construction market in the South-East Asia region is expected to grow at a CAGR of 4.9% during 2023-2027.
The key sectors in the South-East Asia construction market are commercial construction, energy and utilities construction, industrial construction, infrastructure construction, institutional construction, and residential construction.
The key countries in the South-East Asia construction market Cambodia, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.
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South-East Asia Construction Market Dynamics
Construction output in South-East Asia in 2023 has been revised down to 3.1%, due to a downward revision of construction industry growth in Malaysia. In 2024, the growth of the South-East Asian construction industry is expected to pick up to an expansion of 5.5%. Risks to the region's construction outlook this year include the continued slowing of real estate activity in Vietnam and the impact of falling trade volumes on the export-driven economies of the region.
South-East Asia construction industry covers commercial construction, energy and utilities construction, industrial construction, infrastructure construction, institutional construction, and residential construction. The residential construction category is predicted to account for the largest regional share in terms of construction output value (Real) in 2023.
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South-East Asia Construction Report Highlights
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South-East Asia Construction Segmentation Outlook
GlobalData Plc has segmented the South-East Asia construction market report by sectors and countries:
South-East Asia Construction Sectors Outlook (Value, $ Million, 2018-2027)
South-East Asia Construction Countries Outlook (Value, $ Million, 2018-2027)
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About us
GlobalData is a leading provider of data, analytics, and insights on the world's largest industries. In an increasingly fast-moving, complex, and uncertain world, it has never been harder for organizations and decision-makers to predict and navigate the future. GlobalData's mission is to help our clients to decode the future and profit from faster, more informed decisions. As a leading information services company, thousands of clients rely on us for trusted, timely, and actionable intelligence. Our solutions are designed to provide a daily edge to professionals within corporations, financial institutions, professional services, and government agencies.
Tags: South-East Asia Construction Market Outlook, South-East Asia Construction Market Value, South-East Asia Construction Market Size, South-East Asia Construction Market Growth
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