Construction in Myanmar - Key Trends and Opportunities to 2024
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Construction in Myanmar - Key Trends and Opportunities to 2024
Prior to the outbreak of Coronavirus (COVID-19), Myanmars construction industry was expected to grow by 9.1% in 2020. Due to the stringent measures taken by the government, however, with strict lockdowns and travel restrictions to contain the spread of the virus, construction activities were disrupted across the country. As a result, This now expects construction output to register a growth of 3.7% in 2020.
In the short term, the industry will continue to be affected by the disruptions caused by the containment measures, but investment in new construction projects by the government will help in recovering from the crisis. The industry is expected to recover in 2021, with output expected to expand by 9.1% in real terms that year. The government is focusing on transport infrastructure, coupled with efforts to boost energy production, with an aim to revive the countrys economy. According to the Asian Development Bank, MMK182.9 trillion (US$120 billion) in investment will be required until 2030 to bridge the countrys infrastructure gap. Furthermore, the government is investing in improving electricity generation capacity, with an aim to achieve nationwide electrification by 2030.
Myanmar has a poorly developed healthcare system, and to support the healthcare sector during the pandemic, the government has been receiving funding from international lenders. In April 2020, the World Bank approved a loan of MMK79.3 billion (US$50 million) to the Myanmar government to help fight against COVID-19 infections. Additionally, in October 2020, the Asian Development Bank (ADB) approved a loan of MMK47.6 billion (US$30 million) towards the sector to improve healthcare facilities. The government has been ineffective in containing the spread of COVID-19, which has worsened since August, prompting renewed local lockdowns in major cities.
This report provides detailed market analysis, information, and insights into Myanmars construction industry, including -
- Myanmars construction industrys 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 Myanmars 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 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 critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Prior to the outbreak of Coronavirus (COVID-19), Myanmars construction industry was expected to grow by 9.1% in 2020. Due to the stringent measures taken by the government, however, with strict lockdowns and travel restrictions to contain the spread of the virus, construction activities were disrupted across the country. As a result, This now expects construction output to register a growth of 3.7% in 2020.
In the short term, the industry will continue to be affected by the disruptions caused by the containment measures, but investment in new construction projects by the government will help in recovering from the crisis. The industry is expected to recover in 2021, with output expected to expand by 9.1% in real terms that year. The government is focusing on transport infrastructure, coupled with efforts to boost energy production, with an aim to revive the countrys economy. According to the Asian Development Bank, MMK182.9 trillion (US$120 billion) in investment will be required until 2030 to bridge the countrys infrastructure gap. Furthermore, the government is investing in improving electricity generation capacity, with an aim to achieve nationwide electrification by 2030.
Myanmar has a poorly developed healthcare system, and to support the healthcare sector during the pandemic, the government has been receiving funding from international lenders. In April 2020, the World Bank approved a loan of MMK79.3 billion (US$50 million) to the Myanmar government to help fight against COVID-19 infections. Additionally, in October 2020, the Asian Development Bank (ADB) approved a loan of MMK47.6 billion (US$30 million) towards the sector to improve healthcare facilities. The government has been ineffective in containing the spread of COVID-19, which has worsened since August, prompting renewed local lockdowns in major cities.
This report provides detailed market analysis, information, and insights into Myanmars construction industry, including -
- Myanmars construction industrys 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 Myanmars 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 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 critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
TABLE OF CONTENTS
1 Executive Summary
2 Construction Industry: At-a-glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 GlobalData Construction
List Of Tables
Table 1: Construction Industry Key Data
Table 2: Myanmar, Key Economic Indicators
Table 3: Myanmar, Commercial Construction Output by Project Type (Real % Change), 2015-2024
Table 4: Myanmar, Top Commercial Construction Projects by Value
Table 5: Myanmar, Industrial Construction Output by Project Type (Real % Change), 2015-2024
Table 6: Myanmar, Top Industrial Construction Projects by Value
Table 7: Myanmar, Infrastructure Construction Output by Project Type (Real % Change), 2015-2024
Table 8: Myanmar, Top Infrastructure Construction Projects by Value
Table 9: Myanmar, Energy and Utilities Construction Output by Project Type (Real % Change), 2015-2024
Table 10: Myanmar, Top Energy and Utilities Construction Projects by Value
Table 11: Myanmar, Institutional Construction Output by Project Type (Real % Change), 2015-2024
Table 12: Myanmar, Top Institutional Construction Projects by Value
Table 13: Myanmar, Residential Construction Output by Project Type (Real % Change), 2015-2024
Table 14: Myanmar, Top Residential Construction Projects by Value
Table 15: Myanmar, Key Contractors
Table 16: Myanmar, Key Consultants
Table 17: Myanmar, Construction Output Value (Real, US$ Million)
Table 18: Myanmar, Construction Output Value (Nominal, MMK Billion)
Table 19: GlobalData Construction Market Definitions
List Of Figures
Figure 1: Southeast Asia, Construction Output (Real % Change), 2020
Figure 2: Myanmar, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: Myanmar, COVID-19 Confirmed Cases
Figure 4: Myanmar, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2015-2024
Figure 5: Myanmar, Construction Output Value, by Sector (Real, US$ Million), 2015-2024
Figure 6: Myanmar, Total Foreign Direct Investment (US$ Million)
Figure 7: Myanmar, Commercial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 8: Myanmar, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 9: Myanmar, Industrial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 10: Myanmar, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 11: Myanmar, Manufacturing Foreign Investment (US$ Million)
Figure 12: Myanmar, Infrastructure Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 13: Myanmar, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 14: Myanmar, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 15: Myanmar, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 16: Myanmar, Institutional Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 17: Myanmar, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 18: Myanmar, Residential Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 19: Myanmar, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 20: Myanmar, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 21: Myanmar, Headquarters of Key Consultants (% of Total Project Pipeline)
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