PUBLISHER: Grand View Research | PRODUCT CODE: 1632571
PUBLISHER: Grand View Research | PRODUCT CODE: 1632571
The Indonesia precast concrete market size is expected to reach USD 15.80 billion by 2030, registering a CAGR of 25.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growing construction expenditure for public infrastructure development in the country is predicted to boost the growth.
Key players are heavily investing in R&D activities to develop low cost and high-value concrete formulations. The implementation of regulatory guidelines that promote the construction of green and energy efficient buildings is expected to drive the product demand. The companies focus on developing green building products with the emphasis on eco-friendliness and energy efficiency.
Companies engage in partnership strategies with raw material suppliers and manufacturing companies to maintain their position in the market for precast concrete. Some of the players have opted for trade within their operational region to cut down on raw material procurement and operation costs. This also helps local companies to cater to high quality and economical products to the consumers.
Presence of a large number of suppliers, leading to low switching cost is expected to increase the bargaining power of buyers. The precast concrete suppliers in the country try to enter into long-term contracts with the buyers to increase their profitability. Major buyers in the industry are integrated across the supply chain, leading to low reliance on the other suppliers.