Indonesia Prefabricated Buildings Market is Expected to be Dominated by the Skeleton System Segment Until 2028F

Growing demand for low-to-mid-rise residential buildings, project homes, and public housing are likely to propel the demand for the Indonesia prefabricated buildings market during 2024-2028F.

 

According to TechSci Research report, “Indonesia Prefabricated Buildings Market- By Region, Competition Forecast & Opportunities, 2028F,” the Indonesia Prefabricated Buildings Market is expected to grow in the upcoming years due to the rising demand for second homes or prefabricated houses, growing urbanization & population. Additionally, prefabricated buildings have a wide range of attributes, including high quality, high strength, low weight, volume, affordability, and more. Prefabricated building systems are also frequently praised for their eco-friendliness and sustainable design.

The prefabricated buildings market in Indonesia is supported by several fundamental factors including lower construction costs, shorter construction times, the need for offices in emerging SEZs and increasing real estate investment, urbanization, & demand for alternative construction methods. Additionally, the prefabricated buildings market is also benefiting from a growing consumer focus on reduction of waste, green building and CO2 emissions. Also, one of the major drivers of the prefabricated market is the growing investment in the real estate sector by the country’s government and the development of infrastructure.

Additionally, buildings like low to mid-rise, commercial, and industrial are the driving factors for prefabricated buildings market. There are various positive impacts of prefabricated building materials on the structure including high durability & strength, excellent grade of quality as well as low weight, volume and cost as compared to traditional materials. Prefabricated buildings are frequently praised for their energy efficiency and eco-friendly construction. Nationwide, there is also a shortage of housing, with the ministry estimating less than 400,000 formal homes developed each year, while the number of new households increases by 700,000 to 1m a year. Additionally, in 2017, the Indonesia government at the central level introduced the advanced development of smart cities. Therefore, the demand for prefabricated buildings and modular structure is expected to rise in the upcoming years.

 

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The Indonesia Prefabricated Buildings market is segmented into material type, structure, application, region and competitive landscape. Based on material type, the market is segmented into concrete, glass, metal, timber, and others. Based on structure, the market is segmented into skeleton system, panel system, cellular system, and combined system. Based on application, the market is segmented into residential, commercial, and industrial. Based on region the market is divided into Java, Sumatra, Kalimantan, Bali, and Others.

Based on structure, the skeleton system had the largest market share in 2022 and is expected to register the largest CAGR during the forecast period. The skeleton sub-segment makes up the greatest portion of the market owing to the skeleton system's high tensile strength, low weight, and small volume.

Based on region, Kalimantan is likely to dominate in the upcoming years and is expected to register a significant CAGR in the 2023E-2028F owing to rising investment in various sectors including residential, commercial, and industrial. Additionally, the Indonesian government decided to shift its capital to the "Kalimantan" region and is expected to start operations in August 2024, which directly enhances the demand for prefabricated buildings in the region.

 

Key market players in the Indonesia Prefabricated Buildings Market include:

• Bali Prefab
• DTH Prefab
• Karmod Prefabricated House Indonesian
• Kirby Building Systems
• Laras Bali Prefab
• Prefab World Bali International
• PT Pandu Teduh Wana
• PT. Sanwa Prefab Technology
• PT Teak Bali

 

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“The Indonesia Prefabricated Buildings Market is expected to experience growth in the upcoming years due to rising population and urbanization, increasing demand for affordable housing, and government initiatives and policies, among others. Prefab homes are less expensive to build. This type of construction can speed up the building process by up to 50% and, with the right tradeoffs, can reduce costs by 20%. Many developers are utilizing prefabricated construction for residential projects to ultimately lower the final pricing. This adoption of prefabricated construction may lead to increased sales of residential properties in the Indonesian market. Therefore, the aforementioned factors are likely to drive the market for Indonesia Prefabricated Buildings market in the upcoming years," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Indonesia Prefabricated Buildings Market By Material Type (Concrete, Glass, Metal, Timber, and Other), By Structure (Skeleton System, Panel System, Cellular System, Combined System), By Application (Residential, Commercial, Industrial), By Region, Competition Forecast & Opportunities, 2028F,” has evaluated the future growth potential of Indonesia prefabricated buildings market and provides statistics & information on market size, structure, and future market growth. The report's goal is to give current market knowledge and assist decision-makers in making informed investment decisions. Furthermore, the study identifies and analyses emerging trends and key drivers, challenges, and opportunities in the Indonesia prefabricated buildings market.

 

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