Indonesia Prefabricated Buildings Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-2030
The Indonesia Prefabricated Buildings Market size is estimated to grow at a CAGR of around 6.4% during the forecast period, i.e., 2024-30.
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Indonesia Prefabricated Buildings Market Dynamics: 2024-2030
Indonesia Prefabricated Buildings Market Driver:
Cost-Effective Nature of Prefabricated Construction Solutions Driving Market Growth – The Indonesia Prefabricated Buildings Market has been driven by increasing property prices and a sturdy demand for residential housing. Recent facts discovered a 15.23% year-over-year increase in sales within the primary residential market during the second quarter of 2022, highlighting a robust need for housing. However, the modest year-over-year increase of 1.72% in the Residential Property Price Index (RPPI) throughout the same length indicates a developing concern over affordability among potential homeowners. This is where prefabricated buildings emerge as a transformative solution. Known for their value-effectiveness and time-saving advantages, reducing creation time by as much as 50% and costs by approximately 20%, prefabricated construction solutions offer a possible opportunity that appreciably lowers entry boundaries to home possession. As builders continue to embody these strategies, the market for prefabricated buildings in Indonesia is expected to increase, driven by the dual benefits of decreased prices and faster completion rates. This shift not only addresses the affordability issues spurred by increasing asset prices but also aligns with patron demand for quicker, more affordable housing solutions, thereby potentially revitalizing hobbies in the residential market and fostering sustainable growth expansion in the industry.
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Indonesia Prefabricated Buildings Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Material Type
-Concrete- Market Size Forecast 2019-2030F, USD Million
-Glass- Market Size Forecast 2019-2030F, USD Million
-Metal- Market Size Forecast 2019-2030F, USD Million
-Timber- Market Size Forecast 2019-2030F, USD Million
-Others- Market Size Forecast 2019-2030F, USD Million
By Application
-Residential- Market Size Forecast 2019-2030F, USD Million
-Commercial- Market Size Forecast 2019-2030F, USD Million
-Others (Industrial, Institutional, etc.)- Market Size Forecast 2019-2030F, USD Million
The residential application dominated the Indonesian Prefabricated Buildings Market with a major market share, primarily due to the intense demand for housing driven by a burgeoning population and urban migration.
By Region
-North Sumatra
-West Java
-Central Java
-East Java.
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Top Companies Operating in the Indonesia Prefabricated Buildings Market:
-Bali Prefab
-DTH Prefab
-Kirby Building Systems
-Karmod Prefabricated Technologies
-Team Module Indonesia
-Prefab World Bali International
-PT Touchwood
-Sanwa Prefab Technology
-Shandong Wiskind Architectural Steel Co.
-Teak Bali.
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