Indonesia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027

Pages: 47 Published: May 24, 2023 Report Code: GDCN1151MR

Report Overview
Table of Contents
Tables
Figures
FAQ

Indonesia Construction Market Overview

The Indonesia construction market size was $243.2 billion in 2022. The market is projected to achieve an AAGR of more than 5% during 2024-2027. The industry’s output in 2023 will, be supported by the government’s focus on infrastructure development.

Indonesia Construction Market Outlook, 2022-2027($Billion)

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The Indonesia construction market research report provides detailed market analysis, information, and insights into the Indonesia construction industry, including the growth prospects of the industry by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Indonesia 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.

Market Size (2022)	$243.2 billion
AAGR (2024-2027)	>5%
Forecast Period	2023-2027
Historical Period	2018-2022
Key Sectors	Commercial Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Residential Construction
Leading Contractors	PT PP (Persero) Tbk, PT Wijaya Karya (Persero) Tbk, PT Hutama Karya (Persero), PT Adhi Karya (Persero) Tbk, PT Total Inti Persad, Power Construction Corporation of Indonesia, Shanghai Electric Group Corp, PT Waskita Karya (Persero) Tbk, Pembangunan Jaya Ancol, and Shimizu Corp
Leading Consultants	AECOM, Samsung Group, PT Synergy Engineering, Chiyoda Corp, Nippon Koei Co Ltd, Wood Group plc, Royal HaskoningDHV, KBR Inc, Roskill Consulting Group Ltd, and Dar Al-Handasah Consultants Shair and Partners Holdings Ltd

Indonesia Construction Market Segmentation by Sectors

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: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The commercial construction sector is expected to remain weak in 2023, owing to rising inflation and the relative weakness of the tourism sector. It is however expected to record an average annual growth rate of more than 5% from 2024 to 2027, supported by an anticipated improvement in construction demand in the leisure and hospitality sector, coupled with investment in office, retail, and data center projects.

Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants.

The industrial construction sector is expected to expand in 2023, before registering an annual average growth of more than 4% from 2024 to 2027, supported by an increase in manufacturing production, coupled with investment in the mining and automotive manufacturing sectors.

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Forecast-period growth in the infrastructure construction sector will be supported by government investment on transport projects to improve regional connectivity.

Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The energy and utilities sector is expected to grow in 2023 and record an annual average growth of more than 5% from 2024 to 2027, supported by investment in power, oil and gas, and telecommunication projects.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Forecast-period growth in the institutional construction sector will be supported by public investment in health and education projects, coupled with the government’s focus on improving the country’s healthcare infrastructure to lower the number of Indonesians seeking medical services abroad.

Residential construction: The project types in this sector include single-family housing and multi-family housing. The sector’s growth in 2023 will be affected by rising borrowing costs, tighter lending requirements and slowing housing sales. However, the government’s plan to construct five million housing units by 2027 will support the sector’s recovery from 2024.

Indonesia Construction Market Analysis by Sectors, 2022 (%)

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Indonesia Construction Market - Competitive Landscape

The leading contractors in the Indonesia construction market are PT PP (Persero) Tbk, PT Wijaya Karya (Persero) Tbk, PT Hutama Karya (Persero), PT Adhi Karya (Persero) Tbk, PT Total Inti Persad, Power Construction Corporation of Indonesia, Shanghai Electric Group Corp, PT Waskita Karya (Persero) Tbk, Pembangunan Jaya Ancol, and Shimizu Corp. PT PP (Persero) Tbk Ltd led the market.

Indonesia Construction Market by Contractors, 2022 (%)

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The leading consultants in the Indonesia construction market are AECOM, Samsung Group, PT Synergy Engineering, Chiyoda Corp, Nippon Koei Co Ltd, Wood Group plc, Royal HaskoningDHV, KBR Inc, Roskill Consulting Group Ltd, and Dar Al-Handasah Consultants Shair and Partners Holdings Ltd. AECOM led the market in 2022.

Indonesia Construction Market by Consultants, 2022 (%)

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Segments Covered in the Report

Indonesia Construction Sectors Outlook (Value, US$ Million, 2018-2027)

Commercial Construction
Industrial Construction
Infrastructure Construction
Energy and Utilities Construction
Institutional Construction
Residential Construction

Scope

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

1. About GlobalData

2. Executive Summary

3. Construction Industry: At-a-Glance

4. Context
- 4.1. Economic Performance
- 4.2. Political Environment and Policy
- 4.3. Demographics
- 4.4. Risk Profile

5. Construction Outlook
- 5.1. All Construction
  - 5.1.1. Outlook
  - 5.1.2. Latest news and developments
  - 5.1.3. Construction Projects Momentum Index
- 5.2. Commercial Construction
  - 5.2.1. Outlook
  - 5.2.2. Project analytics
  - 5.2.3. Latest news and developments
- 5.3. Industrial Construction
  - 5.3.1. Outlook
  - 5.3.2. Project analytics
  - 5.3.3. Latest news and developments
- 5.4. Infrastructure Construction
  - 5.4.1. Outlook
  - 5.4.2. Project analytics
  - 5.4.3. Latest news and developments
- 5.5. Energy and Utilities Construction
  - 5.5.1. Outlook
  - 5.5.2. Project analytics
  - 5.5.3. Latest news and developments
- 5.6. Institutional Construction
  - 5.6.1. Outlook
  - 5.6.2. Project analytics
  - 5.6.3. Latest news and developments
- 5.7. Residential Construction
  - 5.7.1. Outlook
  - 5.7.2. Project analytics
  - 5.7.3. Latest news and developments

6. Key Industry Participants
- 6.1. Contractors
- 6.2. Consultants

7. Construction Market Data

8. Appendix
- 8.1. What is this Report About?
- 8.2. Definitions
- 8.3. CRI Methodology
- 8.4. GlobalData Construction

9. Contact Us

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)

Frequently Asked Questions

The construction market size in Indonesia was $243.2 billion in 2022.

The construction market in Indonesia is projected to achieve an AAGR of more than 5% during 2024-2027.

Infrastructure construction was the leading sector in the Indonesia construction market in 2022.

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