Synopsis
Indonesia’s construction industry will continue to expand over the forecast period (2015-2019), with investment in infrastructure projects continuing to drive growth, in addition to the positive impact on construction stemming from increasing disposable income, a rising population, and greater urbanization. In real terms, the industry’s output value is forecast to rise at a forecast-period compound annual growth rate (CAGR) of 7.87%, up from 6.62% during the review period (2010-2014). This is due to the government’s focus on infrastructure and energy construction, the implementation of the multi-year Master Plan for the Acceleration and Expansion of Indonesia’s Economic Development (MP3EI) 2011-2025, and participation of the private sector through public-private partnerships (PPPs).
Scope
This report provides a comprehensive analysis of the construction industry in Indonesia. It provides:
• Historical (2010-2014) and forecast (2015-2019) valuations of the construction industry in Indonesia using construction output and value-add methods
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type
• Breakdown of values for each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
• Analysis of key construction industry issues, including regulation, cost management, funding and pricing
• Detailed profiles of the leading construction companies in Indonesia
Summary
Timetric’s Construction in Indonesia - Key Trends and Opportunities to 2019 report provides detailed market analysis, information and insights into Indonesia’s construction industry including:
• The Indonesian construction industry's growth prospects by market, project type and type of construction activity
• Analysis of equipment, material and service costs for each project type in Indonesia
• Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in Indonesia’s construction industry
• Profiles of the leading operators in Indonesia’s construction industry.
• Data highlights of the largest construction projects in Indonesia
Reasons To Buy
• Identify and evaluate market opportunities using Timetric'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 business strategies using Timetric's critical and actionable insight
• Assess business risks, including cost, regulatory and competitive pressures
• Evaluate competitive risk and success factors
Key highlights
• To improve the country's dilapidated infrastructure, the government will also offer more infrastructure projects under the PPP model. According to Indonesia’s National Development Planning Ministry, with a value of IDR601.0 trillion (US$52 billion), the government plans to offer 43 infrastructure construction projects in 2015 to the private sector. Projects include the construction of monorail, ports, rail, airports, toll roads and water infrastructure.
• There are a number of large-scale residential and commercial projects underway. In January 2015, PT Lippo Karawaci Tbk (LPKR), a property developer, started to construct an integrated property project “Millennium Village: The Global Smart City” in the central business district of Lippo Village, Tangerang district of Banten province. Construction work for Hillcrest House and Fairview House apartment towers under the first phase is expected to be completed by mid-2018. Consequently, it will support the growth in the residential construction market over the forecast period.
• Indonesia retail sales grew at a healthy pace in 2014. According to BI, the real retail sales index grew from 140.9 in 2013 to 161.3 in 2014, at an increase of 14.5%. The rise in retail sales represents a positive signal for the retail buildings construction category. Indonesia’s population of 254.9 million has a large consumer base and its retail industry has the potential to expand. This will drive construction activity in the retail buildings category over the forecast period.
• In a bid to ensure a reliable electricity supply in industrial estate of Gresik, AKR Corporindo, an Indonesian fuel and chemical distributor, announced its plans in 2014 to construct two power plants in Gresik, with the combined capacity to generate 1,200MW. The project is scheduled for completion in 2018. This will support growth in the electricity and power category over the forecast period.
• The Indonesian government aims to develop the healthcare sector across the country by 2019 through the universal healthcare program, Jaminan Kesehatan Nasional (JKN). Under the program, the government plans to construct 150 hospitals by 2019, which will drive up activity in healthcare buildings construction.
1 Executive Summary
2 INDUSTRY OUTLOOK
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 KEY ISSUES AND DEVELOPMENTS
4 MARKET DATA ANALYSIS
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential Construction output by activity type
4.7.4 Residential construction value add by project type
5 COMPANY PROFILE: PT WIJAYA KARYA (PERSERO). TBK
5.1 PT Wijaya Karya (Persero). Tbk - Company Overview
5.2 PT Wijaya Karya (Persero). Tbk - Main Services
5.3 PT Wijaya Karya (Persero). Tbk - History
5.4 PT Wijaya Karya (Persero). Tbk - Company Information
5.4.1 PT Wijaya Karya (Persero). Tbk - key competitors
5.4.2 PT Wijaya Karya (Persero). Tbk - key employees
6 COMPANY PROFILE: PT PP (PERSERO) TBK
6.1 PT PP (Persero) Tbk - Company Overview
6.2 PT PP (Persero) Tbk - Business Description
6.3 PT PP (Persero) Tbk - Main Services
6.4 PT PP (Persero) Tbk - History
6.5 PT PP (Persero) Tbk - Company Information
6.5.1 PT PP (Persero) Tbk - key competitors
6.5.2 PT PP (Persero) Tbk - key employees
7 COMPANY PROFILE: PT ADHI KARYA (PERSERO) TBK
7.1 PT Adhi Karya (Persero) Tbk - Company Overview
7.2 PT Adhi Karya (Persero) Tbk - Business Description
7.3 PT Adhi Karya (Persero) Tbk - Main Services
7.4 PT Adhi Karya (Persero) Tbk - History
7.5 PT Adhi Karya (Persero) Tbk - Company Information
7.5.1 PT Adhi Karya (Persero) Tbk - key competitors
7.5.2 PT Adhi Karya (Persero) Tbk - key employees
8 COMPANY PROFILE: PT JASA MARGA (PERSERO) TBK
8.1 PT Jasa Marga (Persero) Tbk - Company Overview
8.2 PT Jasa Marga (Persero) Tbk - Business Description
8.3 PT Jasa Marga (Persero) Tbk - Main Services
8.4 PT Jasa Marga (Persero) Tbk - History
8.5 PT Jasa Marga (Persero) Tbk - Company Information
8.5.1 PT Jasa Marga (Persero) Tbk - key competitors
8.5.2 PT Jasa Marga (Persero) Tbk - key employees
9 COMPANY PROFILE: PT NUSA RAYA CIPTA TBK.
9.1 PT Nusa Raya Cipta Tbk. - Company Overview
9.2 PT Nusa Raya Cipta Tbk. - Main Services
9.3 PT Nusa Raya Cipta Tbk. - Company Information
9.3.1 PT Nusa Raya Cipta Tbk. - key competitors
9.3.2 PT Nusa Raya Cipta Tbk. - key employees
10 APPENDIX
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetric’s Services
10.7 Disclaimer
List Of Tables
Table 1: Indonesian Construction Output by Project Type (IDR Billion), 2010-2014
Table 2: Indonesian Construction Output by Project Type (IDR Billion), 2014-2019
Table 3: Indonesian Construction Output by Cost Type (IDR Billion), 2010-2014
Table 4: Indonesian Construction Output by Cost Type (IDR Billion), 2014-2019
Table 5: Indonesian Construction Output by Activity Type (IDR Billion), 2010-2014
Table 6: Indonesian Construction Output by Activity Type (IDR Billion), 2014-2019
Table 7: Indonesian Construction Value Add by Project Type (IDR Billion), 2010-2014
Table 8: Indonesian Construction Value Add by Project Type (IDR Billion), 2014-2019
Table 9: Indonesian Commercial Construction Output by Project Type (IDR Billion), 2010-2014
Table 10: Indonesian Commercial Construction Output by Project Type (IDR Billion), 2014-2019
Table 11: Indonesian Commercial Construction Output by Cost Type (IDR Billion), 2010-2014
Table 12: Indonesian Commercial Construction Output by Cost Type (IDR Billion), 2014-2019
Table 13: Indonesian Commercial Construction Output by Activity Type (IDR Billion), 2010-2014
Table 14: Indonesian Commercial Construction Output by Activity Type (IDR Billion), 2014-2019
Table 15: Indonesian Commercial Construction Value Add by Project Type (IDR Billion), 2010-2014
Table 16: Indonesian Commercial Construction Value Add by Project Type (IDR Billion), 2014-2019
Table 17: Indonesian Industrial Construction Output by Project Type (IDR Billion), 2010-2014
Table 18: Indonesian Industrial Construction Output by Project Type (IDR Billion), 2014-2019
Table 19: Indonesian Industrial Construction Output by Cost Type (IDR Billion), 2010-2014
Table 20: Indonesian Industrial Construction Output by Cost Type (IDR Billion), 2014-2019
Table 21: Indonesian Industrial Construction Output by Activity Type (IDR Billion), 2010-2014
Table 22: Indonesian Industrial Construction Output by Activity Type (IDR Billion), 2014-2019
Table 23: Indonesian Industrial Construction Value Add by Project Type (IDR Billion), 2010-2014
Table 24: Indonesian Industrial Construction Value Add by Project Type (IDR Billion), 2014-2019
Table 25: Indonesian Infrastructure Construction Output by Project Type (IDR Billion), 2010-2014
Table 26: Indonesian Infrastructure Construction Output by Project Type (IDR Billion), 2014-2019
Table 27: Indonesian Infrastructure Construction Output by Cost Type (IDR Billion), 2010-2014
Table 28: Indonesian Infrastructure Construction Output by Cost Type (IDR Billion), 2014-2019
Table 29: Indonesian Infrastructure Construction Output by Activity Type (IDR Billion), 2010-2014
Table 30: Indonesian Infrastructure Construction Output by Activity Type (IDR Billion), 2014-2019
Table 31: Indonesian Infrastructure Construction Value Add by Project Type (IDR Billion), 2010-2014
Table 32: Indonesian Infrastructure Construction Value Add by Project Type (IDR Billion), 2014-2019
Table 33: Indonesian Energy and Utilities Construction Output by Project Type (IDR Billion), 2010-2014
Table 34: Indonesian Energy and Utilities Construction Output by Project Type (IDR Billion), 2014-2019
Table 35: Indonesian Energy and Utilities Construction Output by Cost Type (IDR Billion), 2010-2014
Table 36: Indonesian Energy and Utilities Construction Output by Cost Type (IDR Billion), 2014-2019
Table 37: Indonesian Energy and Utilities Construction Output by Activity Type (IDR Billion), 2010-2014
Table 38: Indonesian Energy and Utilities Construction Output by Activity Type (IDR Billion), 2014-2019
Table 39: Indonesian Energy and Utilities Construction Value Add by Project Type (IDR Billion), 2010-2014
Table 40: Indonesian Energy and Utilities Construction Value Add by Project Type (IDR Billion), 2014-2019
Table 41: Indonesian Institutional Construction Output by Project Type (IDR Billion), 2010-2014
Table 42: Indonesian Institutional Construction Output by Project Type (IDR Billion), 2014-2019
Table 43: Indonesian Institutional Construction Output by Cost Type (IDR Billion), 2010-2014
Table 44: Indonesian Institutional Construction Output by Cost Type (IDR Billion), 2014-2019
Table 45: Indonesian Institutional Construction Output by Activity Type (IDR Billion), 2010-2014
Table 46: Indonesian Institutional Construction Output by Activity Type (IDR Billion), 2014-2019
Table 47: Indonesian Institutional Construction Value Add by Project Type (IDR Billion), 2010-2014
Table 48: Indonesian Institutional Construction Value Add by Project Type (IDR Billion), 2014-2019
Table 49: Indonesian Residential Construction Output by Project Type (IDR Billion), 2010-2014
Table 50: Indonesian Residential Construction Output by Project Type (IDR Billion), 2014-2019
Table 51: Indonesian Residential Construction Output by Cost Type (IDR Billion), 2010-2014
Table 52: Indonesian Residential Construction Output by Cost Type (IDR Billion), 2014-2019
Table 53: Indonesian Residential Construction Output by Activity Type (IDR Billion), 2010-2014
Table 54: Indonesian Residential Construction Output by Activity Type (IDR Billion), 2014-2019
Table 55: Indonesian Residential Construction Value Add by Project Type (IDR Billion), 2010-2014
Table 56: Indonesian Residential Construction Value Add by Project Type (IDR Billion), 2014-2019
Table 57: PT Wijaya Karya (Persero). Tbk, Key Facts
Table 58: PT Wijaya Karya (Persero). Tbk, Main Services
Table 59: PT Wijaya Karya (Persero). Tbk, History
Table 60: PT Wijaya Karya (Persero). Tbk, Key Employees
Table 61: PT PP (Persero) Tbk, Key Facts
Table 62: PT PP (Persero) Tbk, Main Services
Table 63: PT PP (Persero) Tbk, History
Table 64: PT PP (Persero) Tbk, Key Employees
Table 65: PT Adhi Karya (Persero) Tbk, Key Facts
Table 66: PT Adhi Karya (Persero) Tbk, Main Services
Table 67: PT Adhi Karya (Persero) Tbk, History
Table 68: PT Adhi Karya (Persero) Tbk, Key Employees
Table 69: PT Jasa Marga (Persero) Tbk, Key Facts
Table 70: PT Jasa Marga (Persero) Tbk, Main Services
Table 71: PT Jasa Marga (Persero) Tbk, History
Table 72: PT Jasa Marga (Persero) Tbk, Key Employees
Table 73: PT Nusa Raya Cipta Tbk., Key Facts
Table 74: PT Nusa Raya Cipta Tbk., Main Services
Table 75: PT Nusa Raya Cipta Tbk., Key Employees
Table 76: Timetric Construction Market Definitions
List Of Figures
Figure 1: Indonesian Construction Output (Real US$ 2010, Million), 2010-2019
Figure 2: Growth Matrix for Construction Output in Indonesian (US$ Million), 2010-2019
Figure 3: Indonesian Construction Output by Project Type (IDR Billion), 2010-2019
Figure 4: Indonesian Construction Output by Cost Type (IDR Billion), 2010-2019
Figure 5: Indonesian Construction Output by Activity Type (IDR Billion), 2010-2019
Figure 6: Indonesian Construction Value Add by Project Type (IDR Billion), 2010-2019
Figure 7: Indonesian Commercial Construction Output by Project Type (IDR Billion), 2010-2019
Figure 8: Indonesian Commercial Construction Output by Cost Type (IDR Billion), 2010-2019
Figure 9: Indonesian Commercial Construction Output by Activity Type (IDR Billion), 2010-2019
Figure 10: Indonesian Commercial Construction Value Add by Project Type (IDR Billion), 2010-2019
Figure 11: Indonesian Industrial Construction Output by Project Type (IDR Billion), 2010-2019
Figure 12: Indonesian Industrial Construction Output by Cost Type (IDR Billion), 2010-2019
Figure 13: Indonesian Industrial Construction Output by Activity Type (IDR Billion), 2010-2019
Figure 14: Indonesian Industrial Construction Value Add by Project Type (IDR Billion), 2010-2019
Figure 15: Indonesian Infrastructure Construction Output by Project Type (IDR Billion), 2010-2019
Figure 16: Indonesian Infrastructure Construction Output by Cost Type (IDR Billion), 2010-2019
Figure 17: Indonesian Infrastructure Construction Output by Activity Type (IDR Billion), 2010-2019
Figure 18: Indonesian Infrastructure Construction Value Add by Project Type (IDR Billion), 2010-2019
Figure 19: Indonesian Energy and Utilities Construction Output by Project Type (IDR Billion), 2010-2019
Figure 20: Indonesian Energy and Utilities Construction Output by Cost Type (IDR Billion), 2010-2019
Figure 21: Indonesian Energy and Utilities Construction Output by Activity Type (IDR Billion), 2010-2019
Figure 22: Indonesian Energy and Utilities Construction Value Add by Project Type (IDR Billion), 2010-2019
Figure 23: Indonesian Institutional Construction Output by Project Type (IDR Billion), 2010-2019
Figure 24: Indonesian Institutional Construction Output by Cost Type (IDR Billion), 2010-2019
Figure 25: Indonesian Institutional Construction Output by Activity Type (IDR Billion), 2010-2019
Figure 26: Indonesian Institutional Construction Value Add by Project Type (IDR Billion), 2010-2019
Figure 27: Indonesian Residential Construction Output by Project Type (IDR Billion), 2010-2019
Figure 28: Indonesian Residential Construction Output by Cost Type (IDR Billion), 2010-2019
Figure 29: Indonesian Residential Construction Output by Activity Type (IDR Billion), 2010-2019
Figure 30: Indonesian Residential Construction Value Add by Project Type (IDR Billion), 2010-2019
