Indonesia Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

Pages: 49 Published: July 26, 2022 Report Code: GDCN0954MR

The Indonesia construction market size was valued at $232.6 billion in 2021. The market is projected to grow at an AAGR of more than 5% during the period 2023-2026. The growth of the market will be supported by the government’s investments in the construction and rehabilitation of infrastructure in preparation for the 2022 G20 Summit and the 2023 ASEAN Summit in Indonesia. It will also be supported by investments in transport, electricity, housing, manufacturing, and tourism projects.

The Indonesia construction market research report provides detailed market analysis, information, and insights into the Indonesian construction industry, including the construction industry’s growth prospects by market, project type, and construction activity. Also, it includes 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. The report also provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Indonesia construction market overview

Indonesia construction market overview

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What are the key sectors in the Indonesia construction market?

The key sectors in the Indonesia construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.

Commercial construction market in Indonesia

The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects. The pipeline also includes a share of mixed-use developments, which comprise commercial and residential elements. The sector’s output this year will be supported by the government’s focus on reviving the tourism sector, coupled with a gradual rebound in tourism activity. During the forecast period, the growth of the sector will be supported by investments in leisure and hospitality, retail, office, and data center projects.

Industrial construction market in Indonesia

The project types in this sector include manufacturing plants, metal and material production and processing plants, and waste processing plants. The pipeline, which includes all projects from pre-planning to execution, is skewed towards early-stage projects. The sector’s output in 2022 will be supported by a rebound in manufacturing and export activities, coupled with rising foreign direct investment (FDI). The industrial sector’s output over the forecast period will also be supported by investment in the automotive manufacturing sector.

Infrastructure construction market in Indonesia

The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects. The sector will grow supported by the government’s investment on transport projects to improve regional connectivity. As part of the plan, the government aims to increase the length of newly built toll roads in operation and increase the cumulative length of the newly built rail network, the number of subsidized sea toll routes, and the number of newly built airports.

Energy and utilities construction market in Indonesia

The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The pipeline, which includes all projects from pre-planning to execution, is skewed towards early-stage projects. The sector’s output over the forecast period will be supported by investment on renewable energy, telecommunications and water and sewage projects.

Institutional construction market in Indonesia

The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects. The sector’s output over the forecast period will be supported by the government’s focus on the health and education sectors. The government is also focusing on creating favorable conditions for medical experts and foreign firms and building new community health centers in 171 districts and wards to attract greater foreign investment in the supply of medical equipment and materials.

Residential construction market in Indonesia

The project types in this sector include single-family housing and multi-family housing.  The pipeline, which includes all projects from pre-planning to execution, has a high share of late-stage development projects. The residential sector is expected to be driven by the government’s focus on supporting the housing sector to support economic growth.

Indonesia construction market, by sectors

Indonesia construction market, by sectors

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Who are the key contractors in the Indonesia construction market?

The key contractors in the Indonesia construction market are PT PP (Persero) Tbk, PT Wijaya Karya (Persero) Tbk, PT Adhi Karya (Persero) Tbk, PT Hutama Karya (Persero), PT Total Inti Persad, Shanghai Electric Group Corp, PT Waskita Karya (Persero) Tbk, Hyundai Motor Group, PT Pelabuhan Indonesia IV, and PT. Mitralanggeng Prama Konstruksi.

Indonesia construction market, by key contractors

Indonesia construction market, by key contractors

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Who are the key consultants in the Indonesia construction market?

The key consultants in the Indonesia construction market are PT Synergy Engineering, Chiyoda Corp., Wood Group plc, AECOM, Royal HaskoningDHV, KBR Inc., Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Nippon Koei Co. Ltd, Subsea 7 SA, and Salad Dressing.

Indonesia construction market, by key consultants

Indonesia construction market, by key consultants

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Market report scope

Market size (Year – 2021) $232.6 billion
Growth rate (2023 – 2026) AAGR of >5%
Forecast period 2022-2026
Key sectors Commercial Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Residential Construction
Key contractors PT PP (Persero) Tbk, PT Wijaya Karya (Persero) Tbk, PT Adhi Karya (Persero) Tbk, PT Hutama Karya (Persero), PT Total Inti Persad, Shanghai Electric Group Corp, PT Waskita Karya (Persero) Tbk, Hyundai Motor Group, PT Pelabuhan Indonesia IV, and PT. Mitralanggeng Prama Konstruksi
Key consultants PT Synergy Engineering, Chiyoda Corp., Wood Group plc, AECOM, Royal HaskoningDHV, KBR Inc., Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Nippon Koei Co. Ltd, Subsea 7 SA, and Salad Dressing

This report provides:

  • Historical and forecast 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

Table of Contents

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 COVID-19 Status

3.5 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

Contact Us

List of Tables

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), 2017-26

Table 4: Indonesia, Top Commercial Construction Projects by Value

Table 5: Indonesia, Industrial Construction Output by Project Type (Real % Change), 2017-26

Table 6: Indonesia, Top Industrial Construction Projects by Value

Table 7: Indonesia, Infrastructure Construction Output by Project Type (Real % Change), 2017-26

Table 8: Indonesia, Top Infrastructure Construction Projects by Value

Table 9: Indonesia, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26

Table 10: Indonesia, Top Energy and Utilities Construction Projects by Value

Table 11: Indonesia, Institutional Construction Output by Project Type (Real % Change), 2017-26

Table 12: Indonesia, Top Institutional Construction Projects by Value

Table 13: Indonesia, Residential Construction Output by Project Type (Real % Change), 2017-26

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

List of Figures

Figure 1: South-East Asia, Construction Output (Real % Change), 2020-26

Figure 2: Indonesia, Construction Output by Sector (Real % Change), 2020-22 and 2023-26

Figure 3: Indonesia, COVID-19 Confirmed Cases

Figure 4: Indonesia, Risk Summary

Figure 5: Indonesia, Risk Regional Comparison

Figure 6: Indonesia, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26

Figure 7: Indonesia, Construction Output Value, by Sector (Real, $ Million), 2017-26

Figure 8: Indonesia, Construction Value Add, 2010 Constant Prices, In IDR Trillion

Figure 9: Indonesia, Value Index of Construction Completed by Construction Companies (2016 = 100)

Figure 10: Indonesia, Permanent Construction Worker Index (2016=100)

Figure 11: Indonesia, Construction Projects Momentum Index

Figure 12: Region, Construction Projects Momentum Index

Figure 13: Indonesia, Commercial Construction Output by Project Type (Real, $ Million), 2017-26

Figure 14: Indonesia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 15: Indonesia, Accommodation and Food Services Value Add, 2010 Constant Prices, In IDR Trillion

Figure 16: Indonesia, Wholesale and Retail Trade Value Add, 2010 Constant Prices, In IDR Trillion

Figure 17: Indonesia, Real Retail Sales Index (2010=100)

Figure 18: Indonesia, Commercial Property Demand Index for Office and Hotel Buildings

Figure 19: Indonesia, Number of Foreign Tourist Visits (in Thousands)

Figure 20: Indonesia, Industrial Construction Output by Project Type (Real, $ Million), 2017-26

Figure 21: Indonesia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 22: Indonesia, Manufacturing Value Add, 2010 Constant Prices, In IDR Trillion

Figure 23: Indonesia, Total Value of Exports ($ Billion)

Figure 24: Indonesia, Bank Indonesia Prompt Manufacturing Index (PMI-BI)

Figure 25: Indonesia, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26

Figure 26: Indonesia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 27: Indonesia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26

Figure 28: Indonesia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 29: Indonesia, Total Oil and Gas Exports ($ Million)

Figure 30: Indonesia, Institutional Construction Output by Project Type (Real, $ Million), 2017-26

Figure 31: Indonesia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 32: Indonesia, Education Sector Value Add (IDR Trillion, 2010 Constant Prices)

Figure 33: Indonesia, Residential Construction Output by Project Type (Real, $ Million), 2017-26

Figure 34: Indonesia, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 35: Indonesia, Real-Estate Value Add (IDR Trillion, 2010 Constant Prices)

Figure 36: Indonesia, Residential Property Prices (% Change YoY)

Figure 37: Indonesia, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 38: Indonesia, Headquarters of Key Consultants (% of Total Project Pipeline)

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