Macau Construction Industry Report 2025: Output Set for 4.1% Annual Growth During 2026-2029, Driven by Infrastructure Investments and Airport Revenue Surge - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Macau Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)" report has been added to ResearchAndMarkets.com's offering.

Macau's construction industry to slow from 5.6% in real terms in 2024 to 3.8% in 2025. This is primarily due to a reduction in profit margins from the gaming sector - which is a dominant driver of Macau's economy.

In April 2025, Macau's finance secretary has warned that the government revenues may fall short of the initial forecasts, in 2025, due to lower-than-expected gross gaming revenue (GGR). According to data from the Gaming Inspection and Coordination Bureau, Macau's GGR rose just by 0.6% year on year (YoY) in Q1 2025, to MOP57.7 billion ($7.2 billion).

Subsequently, the gaming tax revenue rose by just 0.2% YoY in the first quarter of 2025, to MOP22.2 billion ($2.8 billion); this represents 88% of the government's total revenue. In another setback to the industry's output, in April 2025, the International Monetary Fund (IMF) revised down Macau's economic growth projections for 2025, from 7.3% in October 2024 to 3.6%, citing a softer-than-expected gaming recovery.

The construction industry in Macau is estimated to register an average annual growth rate of 4.1% from 2026 to 2029, supported by investments in transport, electricity, and housing infrastructure projects. Macau International Airport Company Limited (CAM) reported a 24% increase in total revenue for 2024, reaching MOP1.5 billion ($185 million).

Indeed, the Passenger traffic at Macau International Airport exceeded 7.6 million in 2024, with nearly 60,000 flight movements. This translates to a YoY rise of over 40% compared to 2023. To increase the passenger handling capacity, CAM initiated a major land reclamation project in November 2024 to expand the airport, with completion targeted by 2030.

Scope

• Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Macau, 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 our 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 business strategies using the analyst's critical and actionable insight
• Assess business risks, including cost, regulatory and competitive pressures
• Evaluate competitive risk and success factors

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Latest news and developments

4 Project analytics

5 Construction Market Data

6 Risk Profile

7 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/a1w720

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