The Indonesia Prefabricated Buildings Market size was valued at USD 7.52 Billion in 2022 and is expected to surpass USD 12.81 Billion by 2031, expanding at a CAGR of 6.1% during the forecast period, 2023 – 2031. The growth of the market is attributed to the rising demand for low-to-mid-rise residential buildings, public housing and project homes.
Increasing demand of housing lead to implement the large scale of the housing recovery program by the Indonesian government, conventional construction method is no longer efficient in fulfilling the demands and needs of hundreds and thousands of housing. Furthermore, during occurrence of natural disasters such as Tsunamis and earthquakes, which leads to homelessness, the immediate demand is for shelter and housing rises. Thereby, prefab architecture is preferred over conventional construction method because it is efficient to comply with the needs for large scale reconstruction and it is less time consuming.
The Covid-19 pandemic had an unpleasant impact on the Indonesia prefabricated buildings. The production of raw materials has been on halt and both the demand and supply ware affected. The market suffered significant loss; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Market Trends, Drivers, Restraints, and Opportunities
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Increasing population and requirement for low-cost housing is likely to expand the market of Indonesia prefabricated buildings during the forecast period.
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Affordable and superior quality of buildings are expected to spur the demand of prefabricated buildings
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Prefabricated technology is used for practicality in work and the speed of project development, improve the quality of buildings with qualified standardization and higher precision these features are projected to propel the market growth in coming years
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High cast incurred in raw materials is likely to impede the market expansion
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R&D investment and technological advancement in prefabricated buildings market are expected to offer lucrative opportunities for the market players.
Scope of Indonesia Prefabricated Buildings Market Report
The report on the Indonesia prefabricated buildings market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Indonesia Prefabricated Buildings Market-Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Material Type (Concrete, Glass, Metal, Timber and Other Material Types) and Application (Residential, Commercial, and Other Applications [Infrastructure and Industrial])
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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PT. PREFABINDO ADYATAMA, PT Pembangunan Perumahan, PT. Sanwa Prefab Technology, PT Touchwood and PT Techno Prefab
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Indonesia Prefabricated Buildings Market Segment insights
The concrete segment is projected to constitute a large market share
Based on material type, the Indonesia prefabricated buildings market is segregated into concrete, glass, metal, timber and other material types. The concrete segment is expected to account for a key share of the market during the forecast period owing to its availability in the market and increase in the off-site construction activity. Furthermore, precast concrete construction technology complies with the rising demand of housing and infrastructure construction.
Residential segment is expected to register a substantial CAGR
Based on application, the Indonesia prefabricated buildings market is divided into residential, commercial, infrastructure and industrial. The residential segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to increasing population, rising urbanization and rapid infrastructure advancement by the government bodies.
Segments
The Indonesia prefabricated buildings market has been segmented on the basis of
Material Type
- Concrete
- Glass
- Metal
- Timber
- Other Materials
Application
- Residential
- Commercial
- Other Applications [Infrastructure and Industrial]
Key Companies
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