Growing population, rapid urbanisation, and increased disposable income is propelling a rise in construction market value from $102.64bn in 2017 to $136.26bn by 2021, says an industry report.
‘The latest Construction Technologies in Indonesia’ prepared by TechSci Research for Konstruksi Indonesia and The Big 5 Construct Indonesia 2017 indicates an estimated CAGR of 7.34% during 2017-2021.
As well as presenting a variety of upcoming projects that will take advantage of increased market performance, the report highlights key building technologies and standards that are developing within the boom.
Listed projects include the national toll road project, national railway projects, and ventures in the energy and waste management sectors. Benefiting from the excelling market, these construction projects come hand in hand with tight deadlines; including a five-year plan to construct 1mn houses across the country.
According to the report, the adoption of new building technologies is essential for the country to manage these tight deadlines. BIM Modelling is currently the most promising of such; being implemented in the Gran Rubina Complex project in Jakarta to help managers in achieving another trend in the industry - sustainable and green construction standards.
Green standards have been steadily growing in popularity in Indonesia since 2015 when the Indonesian government announced plans to reduce emissions of greenhouse gases by 29% by the end 2020. Green building regulation was signed by the Bandung government in 2016, and green building points are now awarded by the Green Building Council Indonesia.
“The use of building technologies and green, sustainable performance products in the construction market, will become greatly popular on the back of mounting projects and building standards in Indonesia,” says portfolio exhibitions director of The Big 5 Construct Indonesia, Andy Pert. He adds that “constant industry specific education is the first response to the ever-changing nature of innovation.”
Konstruksi Indonesia 2017 and The Big 5 Construct Indonesia 2017 will run from 8-10 November 2017 at the Jakarta Convention Centre, hosted by The Ministry of Public Works and Housing.
The show welcomed over 12,000 visitors and exhibitors last year, 57% of which said they attended to discover the latest innovations and trends.
The upcoming third edition of the event will feature a variety of certified, free-to-attend CPD-workshops set to address industry professional interests including, BIM adoption in the Indonesian construction market under the theme project management, green and sustainable construction trends in the sector.
Hundreds of local and international construction companies, from Spain to South Korea, will be showcasing the latest products and innovations such as concrete related products, construction tools and general building materials.
The shows will be co-located with Indonesia Infrastructure Week (IIW) 2017, a focused business-to-business exhibition for public and private stakeholders and investors.
Download the full report HERE
Learn more about the show HERE