Market Size of indonesia ready mix concrete Industry
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Study Period | 2018 - 2030 |
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Market Volume (2024) | 107.22 Million Cubic meters |
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Market Volume (2030) | 162.40 Million Cubic meters |
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Largest Share by End Use Sector | Residential |
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CAGR (2024 - 2030) | 7.16 % |
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Fastest Growing by End Use Sector | Commercial |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Indonesia Ready Mix Concrete Market Analysis
The Indonesia Ready Mix Concrete Market size is estimated at 107.22 million Cubic meters in 2024, and is expected to reach 162.40 million Cubic meters by 2030, growing at a CAGR of 7.16% during the forecast period (2024-2030).
107.22 Million
Market Size in 2024 (Cubic meters)
162.40 Million
Market Size in 2030 (Cubic meters)
-1.03 %
CAGR (2018-2023)
7.16 %
CAGR (2024-2030)
Largest Market by Product
73.63 %
volume share, Transit Mixed, 2023
Owing to the strict timelines of construction projects and the use of affordable concrete in the country's construction industry, transit mix has dominated the market.
Fastest Market by Product
7.60 %
Projected CAGR, Shrink Mixed, 2024-2030
Due to optimum operation efficiency and increased delivery capacity, the usage of shrink mix is increasing in the country's infrastructure and commercial sector and is expected to continue its growth in the coming years.
Largest Market by End Use Sector
46.24 %
volume share, Residential, 2023
With the growing consumption of ready-mix concrete for modern housing construction and apartment building construction in the country, the residential sector holds the largest share of the market.
Fastest Market by End Use Sector
9.08 %
Projected CAGR, Commercial, 2024-2030
The rise in the consumption of ready-mix concrete in office buildings, malls, shops, etc., for applications such as beams, columns, and foundations is expected to drive the demand in the sector during the forecast period.
Leading Company
2.22 %
market share, SCG, 2022
The company has the largest ready-mix concrete capacity in the country, with 6 million cubic meters. It has integrated scientific research, manufacturing, and logistics in place, which supports the company in dominating the market.
Transit mixed type to drive the growth of the Indonesian ready mix concrete market in the commercial sector
- Across all sectors, the demand for ready mix concrete in Indonesia in 2022 was significantly lower than in 2021 due to more use of on-site mix concrete. This resulted in the country's overall consumption of ready mix concrete being 15.7% lower in 2022 compared to 2021. However, in 2023, as high growth was anticipated across all end-use sectors, such as residential and commercial, the overall consumption was estimated to grow by 21.4% compared to 2022.
- The residential sector accounts for the highest consumption volume of ready mix mortar in Indonesia. For instance, in 2022, the residential sector held a share of around 40% of the total ready mix concrete volume consumption across Indonesia. The most preferred type of ready mix concrete in the sector is transit mixed, which accounted for 76% of the consumption in 2022.
- After residential, the highest volume of ready mix concrete in Indonesia is consumed in the industrial & institutional sector as it has the largest construction area after residential. For instance, in 2022, the industrial & institutional sector accounted for 31% of the total new floor area of the country. The demand for shrink-mixed type ready mix concrete in the sector is expected to record the fastest CAGR of 8.3% during the forecast period (2023-2030).
- The overall demand for ready mix concrete in Indonesia is anticipated to grow, with the fastest CAGR of 8.94% in the commercial sector during the forecast period. This is mainly due to the usage of transit mix in the sector, which is expected to grow with a CAGR of 9.20% during the forecast period. Transit mix accounted for 73% of the country's ready mix concrete demand in 2022.
Indonesia Ready Mix Concrete Industry Segmentation
Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Central Mixed, Shrink Mixed, Transit Mixed are covered as segments by Product.
- Across all sectors, the demand for ready mix concrete in Indonesia in 2022 was significantly lower than in 2021 due to more use of on-site mix concrete. This resulted in the country's overall consumption of ready mix concrete being 15.7% lower in 2022 compared to 2021. However, in 2023, as high growth was anticipated across all end-use sectors, such as residential and commercial, the overall consumption was estimated to grow by 21.4% compared to 2022.
- The residential sector accounts for the highest consumption volume of ready mix mortar in Indonesia. For instance, in 2022, the residential sector held a share of around 40% of the total ready mix concrete volume consumption across Indonesia. The most preferred type of ready mix concrete in the sector is transit mixed, which accounted for 76% of the consumption in 2022.
- After residential, the highest volume of ready mix concrete in Indonesia is consumed in the industrial & institutional sector as it has the largest construction area after residential. For instance, in 2022, the industrial & institutional sector accounted for 31% of the total new floor area of the country. The demand for shrink-mixed type ready mix concrete in the sector is expected to record the fastest CAGR of 8.3% during the forecast period (2023-2030).
- The overall demand for ready mix concrete in Indonesia is anticipated to grow, with the fastest CAGR of 8.94% in the commercial sector during the forecast period. This is mainly due to the usage of transit mix in the sector, which is expected to grow with a CAGR of 9.20% during the forecast period. Transit mix accounted for 73% of the country's ready mix concrete demand in 2022.
| End Use Sector | |
| Commercial | |
| Industrial and Institutional | |
| Infrastructure | |
| Residential |
| Product | |
| Central Mixed | |
| Shrink Mixed | |
| Transit Mixed |
Indonesia Ready Mix Concrete Market Size Summary
The Indonesia Ready Mix Concrete Market is poised for significant growth, driven by increasing demand across various sectors, particularly residential, industrial, institutional, and commercial. The residential sector leads in consumption, with transit mixed concrete being the preferred choice. The industrial and institutional sectors follow closely, benefiting from substantial construction activities. The commercial sector is expected to experience the fastest growth, fueled by a resurgence in foreign direct investment and the need for new commercial spaces. The market's expansion is supported by government initiatives and economic recovery efforts post-pandemic, which have revitalized construction activities and increased the demand for ready mix concrete.
The market landscape is characterized by fragmentation, with major players like Heidelberg Materials, PT Cemindo Gemilang Tbk, and PT Waskita Beton Precast Tbk holding a modest share. Innovations such as Kalla Group's Instant Concrete aim to cater to niche construction needs, further driving market dynamics. The demand for ready mix concrete is anticipated to rise steadily, supported by urbanization, government housing initiatives, and the growing need for commercial real estate. As the market evolves, it is expected to meet the increasing construction demands, with a focus on sustainable and efficient building solutions.
Indonesia Ready Mix Concrete Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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1.1 End Use Sector
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1.1.1 Commercial
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1.1.2 Industrial and Institutional
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1.1.3 Infrastructure
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1.1.4 Residential
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1.2 Product
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1.2.1 Central Mixed
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1.2.2 Shrink Mixed
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1.2.3 Transit Mixed
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Indonesia Ready Mix Concrete Market Size FAQs
What is the current Indonesia Ready Mix Concrete Market size?
The Indonesia Ready Mix Concrete Market is projected to register a CAGR of 7.16% during the forecast period (2024-2030).
Who are the key players in Indonesia Ready Mix Concrete Market?
Heidelberg Materials, PT Cemindo Gemilang Tbk, PT Waskita Beton Precast Tbk, SCG and SIG are the major companies operating in the Indonesia Ready Mix Concrete Market.
