Indonesia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)

The Construction in Indonesia - Key Trends and Opportunities to 2028 (Q3 2024) report provides detailed market analysis, information, and insights into the Indonesian construction industry, including :

The Indonesian construction industry 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.

The construction industry in Indonesia is expected to expand by 6.4% in real terms in 2024, supported by rising foreign and domestic investments in the energy, transport, industrial and oil and gas sectors. According to Indonesia’s Ministry of Investment, a total investment of IDR829.9 trillion ($55.1 billion) was recorded in the first two quarters of 2024, marking an increase of 22.3% year-on-year (YoY). Of this total, foreign investment grew by 16.1% YoY, amounting to IDR421.7 trillion ($28 billion), while domestic investment rose by 29.4% YoY, amounting to IDR406.2 trillion ($27 billion). In September 2023, the government approved the 2024 budget, which includes an expenditure of IDR3.3 quadrillion ($220 billion). The major allocations within the latest budget include IDR660.8 trillion ($43.3 billion) for education, IDR422.7 trillion ($27.6 billion) for infrastructure, and IDR186.4 trillion ($12.2 billion) for health. In July 2024, the government-owned mineral company SKK Migas announced that it aims to develop 133 upstream oil and gas projects across the country at a cost of IDR58 trillion ($3.5 billion) by 2029.

Over the remainder of the forecast period, from 2025 to 2028, the Indonesian construction industry is expected to register an average annual growth rate of 6%, supported by investments in transport, and the energy sectors, coupled with the government’s plan to achieve an annual production capacity of 600,000 Electric Vehicles (EVs) by 2030. Among the recent developments, in early August 2024, the Chinese battery material manufacturer BTR New Material Group reported that it is planning to expand its material plant. The project involves construction of an anode manufacturing plant in its existing site at Morowali, with construction expected to begin in Q4 2024. The project aims to double the production capacity to 160,000 tons annually.

Scope

This report provides a comprehensive analysis of the construction industry in Indonesia. It provides :

Historical (2019-2023) and forecast (2024-2028) 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 the analyst'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 the analyst's critical and actionable insight.
Assess business risks, including cost, regulatory and competitive pressures.
Evaluate competitive risk and success factors.

1 Executive Summary2 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

About the Analyst
Contact the Publisher

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), 2019-28
Table 4: Indonesia, Top Commercial Construction Projects by Value
Table 5: Indonesia, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Indonesia, Top Industrial Construction Projects by Value
Table 7: Indonesia, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Indonesia, Top Infrastructure Construction Projects by Value
Table 9: Indonesia, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Indonesia, Top Energy and Utilities Construction Projects by Value
Table 11: Indonesia, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Indonesia, Top Institutional Construction Projects by Value
Table 13: Indonesia, Residential Construction Output by Project Type (Real % Change), 2019-28
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: the analyst 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), 2022-28
Figure 2: Indonesia, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Indonesia, Risk Summary
Figure 4: Indonesia, Risk Regional Comparison
Figure 5: Indonesia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Indonesia, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Indonesia, Construction Value Add (2010 Constant Prices, IDR Trillion)
Figure 8: Indonesia, Value Index of Construction Completed by Construction Companies (2016 = 100)
Figure 9: Indonesia, Construction Projects Momentum Index
Figure 10: South and South-East Asia, Construction Projects Momentum Index
Figure 11: Indonesia, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 12: Indonesia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 13: Indonesia, Accommodation and Food Services Value Add (2010 Constant Prices, IDR Trillion)
Figure 14: Indonesia, Wholesale and Retail Trade Value Add (2010 Constant Prices, IDR Trillion)
Figure 15: Indonesia, Real Retail Sales Index (2010=100)
Figure 16: Indonesia, Commercial Property Demand Index for Office and Hotel Buildings (2017=100)
Figure 17: Indonesia, Number of Foreign Tourist Visits (in Thousands)
Figure 18: Indonesia, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 19: Indonesia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 20: Indonesia, Manufacturing Value Add (2010 Constant Prices, IDR Trillion)
Figure 21: Indonesia, Total Value of Export ($ Billion)
Figure 22: Indonesia, Bank Indonesia Prompt Manufacturing Index (PMI-BI)
Figure 23: Indonesia, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 24: Indonesia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 25: Indonesia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 26: Indonesia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Indonesia, Total Oil and Gas Exports ($ Million)
Figure 28: Indonesia, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 29: Indonesia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Indonesia, Education Sector Value Add (IDR Trillion, 2010 Constant Prices)
Figure 31: Indonesia, Health Services and Social Activities Value Add (IDR Trillion, 2010 Constant Prices)
Figure 32: Indonesia, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 33: Indonesia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Indonesia, Real-Estate Value Add (IDR Trillion, 2010 Constant Prices)
Figure 35: Indonesia, Residential Property Prices (% Change YoY)
Figure 36: Indonesia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 37: Indonesia, Headquarters of Key Consultants (% of Total Project Pipeline)

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The Construction in Indonesia - Key Trends and Opportunities to 2028 (Q3 2024) report provides detailed market analysis, information, and insights into the Indonesian construction industry, including :

Scope

This report provides a comprehensive analysis of the construction industry in Indonesia. It provides :

Reasons to Buy

Table of Contents

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