In terms of value, the market is expected to reach USD 269.6 million by 2027, growing at a compound annual growth rate (CAGR) of 7.80% during this period.


A number of programs, including the People's Housing Program, Rumah Mishra Rakyat, and the Perumahan Penjawat Awam, were established to assist lower-income class buyers. By the end of 2029, the government intends to construct 1 million housing units to accommodate homebuyers in the low-income bracket, according to official estimates.

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With an increase in fund allocation and the approval of a number of hydraulic breaker for mini excavator, the government is putting more emphasis on infrastructure improvement. Additionally, spending on transportation infrastructure will increase the demand for construction machinery. Ten major projects with a total investment of RM 432.5 million have been approved by the government for implementation in 2020, with 91.3% of the funds coming from domestic sources. The Pan Borneo Highway, the Gemas-Johor Bahru project, and the Kelang Valley Double Track project were among the transportation infrastructure projects that received funding totaling USD 13.59 billion (RM 10 billion). The mass Rapid Transit 3, the Johor Bahru-Singapore Rapid Transit System, and the Penang Transport Master Plan are just a few of the major projects that will begin in 2021 and be completed by the end of 2026, according to the Ministry of Transportation.