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

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

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250626553907/en/