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Indonesia Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Publisher GlobalData
Published May 24, 2023
Length 47 Pages
SKU # GBDT18015742

Description

Indonesia Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027


Summary

GlobalData expects the growth of the Indonesian construction industry to slow from 2% in 2022 to 1.2% this year, owing to high building material prices, elevated interest rates and inflation and slowing external demand. The industry’s output in 2023 will, however, be supported by the government’s focus on infrastructure development. As part of the 2023 State Budget, the government increased its allocation to infrastructure development by 7.8% to IDR392 trillion ($25.3 billion). The industry's growth in 2023 will also be supported by investment to develop the National Capital City of the Archipelago (IKN) - Nusantara. The Directorate General of Human Settlements of the Public Works and Public Housing (PUPR) Ministry prepared a budget of IDR10.4 trillion ($670.3 million) to support the development of the IKN in 2023. The Minister of the PUPR had reported that development of the IKN had reached a progress of 25%, as of April 2023.The construction industry in Indonesia is expected to expand by 4.5% in 2024, before recording an average annual growth rate of 6.4% from 2025 to 2027, supported by investment in transport, renewable energy, manufacturing, and housing infrastructure projects. The government is focused on promoting Indonesia as a major hub for Electric Vehicles (EV). To boost EV sales and attract investment from foreign companies, in March 2023, the government announced IDR7 trillion ($455.9 million) in state funds to subsidize electric motorcycle sales through 2024. It also lowered the value-add tax (VAT) on battery-based electric vehicle sales from 11% to 1%, in early April 2023, to encourage the adoption of EVs; this reduction came into effect in April 2023 and will remain in place until the end of this year.The report provides detailed market analysis, information, and insights into the Indonesian construction industry, including -
  • The Indonesian construction industry's 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 the Indonesian 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 Indonesia. It provides -
  • Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Indonesia, 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 GlobalData's 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 GlobalData's critical and actionable insight.
    • Assess business risks, including cost, regulatory and competitive pressures.
    • Evaluate competitive risk and success factors.

    Table of Contents

    47 Pages
    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 Risk Profile
    4 Construction Outlook
    4.1 All Construction
    Outlook
    Latest news and developments
    Construction Projects Momentum Index
    4.2 Commercial Construction
    Outlook
    Project analytics
    Latest news and developments
    4.3 Industrial Construction
    Outlook
    Project analytics
    Latest news and developments
    4.4 Infrastructure Construction
    Outlook
    Project analytics
    Latest news and developments
    4.5 Energy and Utilities Construction
    Outlook
    Project analytics
    Latest news and developments
    4.6 Institutional Construction
    Outlook
    Project analytics
    Latest news and developments
    4.7 Residential Construction
    Outlook
    Project analytics
    Latest news and developments
    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 CRI Methodology
    7.4 GlobalData Construction
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    List of Tables
    Table 1: Construction Industry Key Data
    Table 2: Indonesia, Key Economic Indicators
    Table 3: Indonesia, Commercial Construction Output by Project Type (Real % Change), 2018-27
    Table 4: Indonesia, Top Commercial Construction Projects by Value
    Table 5: Indonesia, Industrial Construction Output by Project Type (Real % Change), 2018-27
    Table 6: Indonesia, Top Industrial Construction Projects by Value
    Table 7: Indonesia, Infrastructure Construction Output by Project Type (Real % Change), 2018-27
    Table 8: Indonesia, Top Infrastructure Construction Projects by Value
    Table 9: Indonesia, Energy and Utilities Construction Output by Project Type (Real % Change), 2018-27
    Table 10: Indonesia, Top Energy and Utilities Construction Projects by Value
    Table 11: Indonesia, Institutional Construction Output by Project Type (Real % Change), 2018-27
    Table 12: Indonesia, Top Institutional Construction Projects by Value
    Table 13: Indonesia, Residential Construction Output by Project Type (Real % Change), 2018-27
    Table 14: Indonesia, Top Residential Construction Projects by Value
    Table 15: Indonesia, Key Contractors
    Table 16: Indonesia, Key Consultants
    Table 17: Indonesia, Construction Output Value (Real, $ Million)
    Table 18: Indonesia, Construction Output Value (Nominal, IDR Trillion)
    Table 19: GlobalData Construction Market Definitions
    Table 20: Risk Dimensions
    Table 21: Ratings, Scores and Definitions
    List of Figures
    Figure 1: South and South-East Asia, Construction Output (Real % Change), 2021-27
    Figure 2: Indonesia, Construction Output by Sector (Real % Change), 2021-23 and 2024-27
    Figure 3: Indonesia, Risk Summary
    Figure 4: Indonesia, Risk Regional Comparison
    Figure 5: Indonesia, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018-27
    Figure 6: Indonesia, Construction Output Value, by Sector (Real, $ Million), 2018-27
    Figure 7: Indonesia, Construction Value Add, 2010 Constant Prices, in IDR Trillion
    Figure 8: Indonesia, Construction Projects Momentum Index
    Figure 9: Region, Construction Projects Momentum Index
    Figure 10: Indonesia, Commercial Construction Output by Project Type (Real, $ Million), 2018-27
    Figure 11: Indonesia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
    Figure 12: Indonesia, Accommodation and Food Services Value Add, 2010 Constant Prices, in IDR Trillion
    Figure 13: Indonesia, Wholesale and Retail Trade Value Add, 2010 Constant Prices, in IDR Trillion
    Figure 14: Indonesia, Real Retail Sales Index (2010=100)
    Figure 15: Indonesia, Commercial Property Demand Index for Office and Hotel Buildings (2017=100)
    Figure 16: Indonesia, Number of Foreign Tourist Visits (in Thousands)
    Figure 17: Indonesia, Industrial Construction Output by Project Type (Real, $ Million), 2018-27
    Figure 18: Indonesia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
    Figure 19: Indonesia, Manufacturing Value Add, 2010 Constant Prices, in IDR Trillion
    Figure 20: Indonesia, Total Value of Exports ($ Billion)
    Figure 21: Indonesia, Bank Indonesia Prompt Manufacturing Index (PMI-BI)
    Figure 22: Indonesia, Infrastructure Construction Output by Project Type (Real, $ Million), 2018-27
    Figure 23: Indonesia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
    Figure 24: Indonesia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018-27
    Figure 25: Indonesia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
    Figure 26: Indonesia, Total Oil and Gas Exports ($ Million)
    Figure 27: Indonesia, Institutional Construction Output by Project Type (Real, $ Million), 2018-27
    Figure 28: Indonesia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
    Figure 29: Indonesia, Education Sector Value Add (IDR Trillion, 2010 Constant Prices)
    Figure 30: Indonesia, Health Services and Social Activities Value Add (IDR Trillion, 2010 Constant Prices)
    Figure 31: Indonesia, Residential Construction Output by Project Type (Real, $ Million), 2018-27
    Figure 32: Indonesia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
    Figure 33: Indonesia, Real-Estate Value Add (IDR Trillion, 2010 Constant Prices)
    Figure 34: Indonesia, Residential Property Prices (% Change YoY)
    Figure 35: Indonesia, Headquarters of Key Contractors (% of Total Project Pipeline)
    Figure 36: Indonesia, Headquarters of Key Consultants (% of Total Project Pipeline)

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