Market Size of Indonesia Prefabricated Buildings Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 8.47 Billion |
| Market Size (2029) | USD 11.38 Billion |
| CAGR (2024 - 2029) | 6.10 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Indonesia Prefabricated Buildings Market Analysis
The Indonesia Prefabricated Buildings Market size is estimated at USD 8.47 billion in 2024, and is expected to reach USD 11.38 billion by 2029, growing at a CAGR of 6.10% during the forecast period (2024-2029).
- The COVID-19 pandemic had a significant impact on the construction sector in Indonesia. Many projects were halted in 2020 due to a lack of funding, labor shortages, and lockdown laws. An exodus of migrant laborers, often known as informal sector employees, wreaked havoc on the supply chain due to travel prohibitions.
- However, due to the medical emergency during the peak of the pandemic in 2020, the demand for prefabricated hospitals and patient bed facilities soared, which boosted the demand for modular building systems, as these types of construction take much less time to complete.
- The demand for low-to-mid-rise residential buildings, project homes, and public housing mainly drives the market's growth.
- Prefabricated construction systems are becoming more popular than traditional ones due to their many advantages, including excellent quality, high strength, low weight, volume, and cost. Prefabricated building systems are frequently praised for their energy efficiency and eco-friendly construction.
- The growing commercial and residential sectors worldwide are driving the demand for ventilated thermal panels, which is the primary growth driver of the prefabricated buildings market.
