Coronavirus impact on Indonesia Precast Concrete Market Growing Demand, Size, Share & Future Trends To 2025

DEC 11 2020: The Indonesia precast concrete market size is expected to reach USD 2.32 billion by 2025, registering a CAGR of 14.2% over the forecast period, according to a new report published 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.

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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.

Further key findings from the report suggest:

• Transportation products, including slab, pile, and girder dominated the Indonesia precast concrete market occupying over 57.2% of the revenue share in 2018, owing to its wide use in the construction of bridges, highway, railways, tunnels, and flyovers

• Residential construction is expected to exhibit the fastest consumption of precast concrete in Indonesia, registering a CAGR of 16.7% over the forecast period, owing to various government initiatives such as One Million Houses Program, National Affordable Housing Program, and National Development Program to reduce the deficit in the housing sector

• The use of precast concrete in the building of bridges is expected to realize market revenue of USD 460.2 in 2018 on account of increase in the infrastructure construction in the country

• Major market players are witnessing a high penetration in the domestic market through the development of precast offerings and engaging in partnerships and collaborations with mutually beneficial strategic players to improve and expand their operations

• The companies are employing efforts to expand their network to the regions outside Java, which is characterized by the presence of a lesser number of competitors

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Table of Contents

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope

1.2. Market Definition

1.3. Information Procurement

1.3.1. Purchased Database

1.3.2. GVR’s Internal Database

1.3.3. Secondary Sources & Third-Party Perspectives

1.3.4. Primary Research

1.4. Information Analysis

1.4.1. Data Analysis Models

1.5. Market Formulation & Data Visualization

1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook

2.2. Segmental Outlook

2.3. Competitive Insights

Chapter 3. Market Variables, Trends, and Scope

3.1. Penetration & Growth Prospect Mapping

3.2. Indonesia Precast Concrete Market – Value Chain Analysis

3.2.1. Sales Channel Analysis

3.2.2. Profit Margin Analysis

3.3. Technology Overview

3.4. Regulatory Framework

3.5. Indonesia Precast Concrete Market – Market Dynamics

3.5.1. Market Driver Analysis

3.5.1.1. Growing construction spending

3.5.1.2. Advantages of precast concrete

3.5.1.3. Offsite construction gaining prominence

3.5.2. Market Restraint Analysis

3.5.2.1. High Production Cost As Compared To Conventional Practices

3.5.3. Industry Challenges

3.6. Business Environmental Tools Analysis: Indonesia Precast Concrete Market

3.6.1. Porter’s Five Forces Analysis

3.6.1.1. Bargaining Power of Suppliers

3.6.1.2. Bargaining Power of Buyers

3.6.1.3. Threat of Substitution

3.6.1.4. Threat of New Entrants

3.6.1.5. Competitive Rivalry

3.6.2. PESTLE Analysis

3.6.2.1. Political Landscape

3.6.2.2. Economic Landscape

Continued…………………


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About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States
https://marketsandtrendsreport.blogspot.com/

Precast Concrete Market Huge Revenue & Latest Rising Opportunity 2020

OCT 09 2020: The global Precast Concrete market size is expected to reach USD 145.91 billion by 2027, according to a new report published by Grand View Research, Inc. It is expected to exhibit a revenue-based CAGR of 6.3% during the forecast period. Rising awareness regarding the superior quality and convenience offered by the product is expected to aid the growth.

Key industry participants are involved in technological innovations for developing new products in order to consolidate their market position. Rising consumer demand for high-quality products are projected to open up growth avenues for the new market entrants during the forecast period.

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Asia Pacific is anticipated to remain the key regional market for precast concrete, due to the significant economic growth of the region. In addition, the presence of huge construction industry in China and India is anticipated to provide a large market for precast concrete products.

Manufacturers focusing on producing quality precast products to meet rising consumer demand for precast concrete. High competition in the residential and nonresidential construction sector has compelled market players to implement superior and low maintenance yet cost-effective solutions to gain a competitive edge.

Further key findings from the report suggest:

• Structural building components has emerged as the largest product segment and accounted for 36.3% of the market revenue share in 2019, on account of its rising use in affordable housing projects

• Infrastructure is expected to witness the fastest CAGR of 6.9% over the forecast period, owing to increase in spending by various governments for development of public infrastructure

• Asia Pacific accounted for the largest market share in 2019 and is expected to reach USD 67.0 billion by 2027, owing to factors such as rapid urbanization, industrialization, and rising infrastructural development

• Highly developed economy, growing construction spending combined with highly skilled workforce and growing R&D initiatives to encourage innovative products are the factors expected to aid the product demand in U.S reaching USD 16.12 billion in 2019

• Precast concrete market key players are focusing on expanding their business in emerging economies in Asia Pacific to increase their footprint in high potential markets

To Browse Full Research Report @:
https://www.radiantinsights.com/research/precast-concrete-market

Table of Contents

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope

1.2. Market Definition

1.3. Information Procurement

1.3.1. Purchased Database

1.3.2. GVR’s Internal Database

1.3.3. Secondary Sources & Third-Party Perspectives

1.3.4. Primary Research

1.4. Information Analysis

1.4.1. Data Analysis Models

1.5. Market Formulation & Data Visualization

1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook

2.2. Segmental Outlook

2.3. Competitive Insights

Chapter 3. Market Variables, Trends, and Scope

3.1. Market Segmentation

3.2. Penetration & Growth Prospect Mapping

3.3. Precast Concrete Market – Value Chain Analysis

3.4. Regulatory Framework

3.5. Technology Overview

3.6. Indonesia Precast Concrete Market – Market Dynamics

3.6.1. Market Driver Analysis

3.6.1.1. Growing construction spending

3.6.1.2. Advantages of precast concrete

3.6.1.3. Offsite construction gaining prominence

3.6.2. Market Restraint Analysis

3.6.2.1. Cost barrier

3.7. Key Opportunities Prioritized

Continued……………..


To See More Reports of This Category by Radiant Insights:
https://latestmarkettrends.news.blog/


About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States
https://marketsandtrendsreport.blogspot.com/

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