Categories: Wire Stories

Indonesia Construction Report 2024: Market to Expand by 4.2% in Real Terms in 2024, Supported by Rising Foreign Investments and Improvement in Business Confidence – Forecast to 2028 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Indonesia Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028” report has been added to ResearchAndMarkets.com’s offering.

The construction industry in Indonesia is expected to expand by 4.2% in real terms in 2024, supported by rising foreign investment and an improvement in business confidence and economic conditions. 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.

Over the remainder of the forecast period, from 2025 to 2028, the Indonesian construction industry is expected to register an average annual growth of 6%, supported by investment in transport, energy, and the government’s plan to achieve an annual production capacity of 600,000 Electric Vehicles (EVs) by 2030.

Growth over the forecast period will also be supported by the government’s plan to reduce greenhouse gas emissions and transition from coal to clean energy by increasing the proportion of renewables in its energy mix from 12% in 2022 to 40% by 2030. To support this, in September 2023, the Indonesian state utility Perusahaan Listrik Negara (PLN) announced an anticipated investment of approximately IDR2.6 quadrillion ($172 billion) to build 31.6GW of renewable power capacity between 2024 and 2033, and to have constructed 60GW by 2040.

Scope

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 publisher’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 publisher’s critical and actionable insight.
Assess business risks, including cost, regulatory and competitive pressures.
Evaluate competitive risk and success factors.

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.1 Demographics

3.2 Risk Profile

4 Construction Outlook

4.1 All Construction