DUBLIN–(BUSINESS WIRE)–The “Indonesia Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2020-2025” report has been added to ResearchAndMarkets.com’s offering.
The Indonesian construction industry’s output grew by an estimated rate of 3.1% in 2021, as the government eased social restrictions towards the end of the year.
The industry’s output in coming quarters may be affected by a possible decline in economy activity, with the emergence of the Omicron variant and a rise in Coronavirus (COVID-19) cases potentially requiring the reimposition of containment measures.
The construction industry registered year-on-year (Y-o-Y) growth of 2.4% in the first three quarters of 2021, according to the BPS (Badan Pusat Statistik), although this growth mostly reflects the low base in 2020, when construction output fell by 2.4% in the first three quarters of 2020.
The industry’s performance will be supported by the government’s emphasis on the implementation of large-scale infrastructure projects under the 2020-2024 National Medium-Term Development Plan (RPJMN). Under which the government plans to develop 5,000km of new toll roads, 3,000km of new national roads, 38,726m of bridges and 31,053m of flyovers and underpasses by 2024.
The industry’s output over the forecast period (2023-2026) will also be supported by the Electricity Procurement Plan (RUPTL) 2021-2030, under which the government plans to add 40.6GW of additional capacity by 2030, of which 4.7GW will be solar, and 51.6% will be from renewable sources.
Over the remainder of the forecast period, the construction industry is expected to register an annual average growth of 5.8%, supported by the government’s focus on the development of infrastructure, as well as energy and utilities construction projects. Improvements in consumer and investor confidence and positive developments in regional economic conditions will also provide momentum.
The industry’s output will also be supported by the government’s plan to invest IDR6.2 quadrillion ($430 billion) on infrastructure projects by 2024, to support long-term social and economic development, which was unveiled by the government in 2020.
Scope
Key Topics Covered:
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
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/1sat1a
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