Southeast Asia Repair & Rehabilitation Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Southeast Asia Repair & Rehabilitation Market Analysis
Southeast Asia's repair and rehabilitation market are projected to register a CAGR of over 3% during the forecast period.
The economic slowdown and supply chain disruption caused by COVID-19 substantially influenced the repair and rehabilitation business. Many businesses have had to reduce their spending on repairs and maintenance and postpone or cancel projects. As a result, there is less need for repair and rehabilitation services. However, the market rebounded in 2021 as construction activities were started. With the reopening of enterprises, the market for repair and restoration services expanded.
- Over the short term, growth in the renovation of residential buildings and the ongoing restoration of several monuments and heritage sites are significant factors driving the market growth.
- However, the market is hindered due to a lack of skilled personnel. Although the region includes a large population, most residents are unskilled or semi-skilled. It means there are not enough experienced technicians to handle repairs and rehabilitation.
- Nevertheless, future market growth is expected to be aided by rising demand for repair and rehabilitation services from the healthcare sector. Furthermore, the growing senior population in Southeast Asia is likely to increase the demand for repair and rehabilitation services.
- Indonesia is expected to lead the market during the anticipated timeframe.
Southeast Asia Repair & Rehabilitation Market Trends
This section covers the major market trends shaping the Southeast Asia Repair & Rehabilitation Market according to our research experts:
The Rising Demand for Infrastructure Repair and Rehabilitation
- The Southeast Asia repair and rehabilitation market is expected to grow significantly over the forecast period due to the increasing demand for infrastructure development. The region experienced tremendous urbanization, raising the need for infrastructural development.
- As a result, the region includes a greater demand for repair and rehabilitation services. The market is likely to be driven by increased government initiatives and investments in infrastructure development. Governments in the region are investing extensively in infrastructure projects such as roads, bridges, airports, and trains.
- According to the Global Infrastructure Outlook, critical Southeast Asian countries (Singapore, Indonesia, Thailand, the Philippines, and Malaysia) spent USD 479.3 billion between 2017 and 2021. Indonesia led with USD 262 billion, Thailand with USD 69 billion, and Malaysia with USD 64 billion.
- Thailand made a significant investment in infrastructure in recent years. Thailand proposed funding 37 infrastructure projects totaling USD 45 billion as part of a national infrastructure overhaul in 2022.
- Overall, the increasing population will generate the need for new infrastructure and maintenance of existing infrastructure, boosting demand for the repair and rehabilitation sector.
Indonesia is Anticipated to Hold a Major Market Share
- Indonesia's infrastructure repair and rehabilitation market are predicted to increase due to increasing government attempts to upgrade the country's infrastructure, rising investments in infrastructure projects, and rising demand for repair and rehabilitation services.
- The Indonesian government undertook several projects to improve the country's infrastructure. The government initiated many tasks to improve Indonesia's infrastructure, such as the National Strategic Projects (NSPs). Among the NSPs are the Trans-Sumatra Toll Road, the Trans-Java Toll Road, and the Trans-Kalimantan Toll Road. These projects are likely to have a favorable impact on the Indonesian infrastructure repair and rehabilitation sector.
- In recent years, Indonesia made significant investments in infrastructure development. Between 2017 and 2021, the government spent USD 262 billion on infrastructure developments, emphasizing modernizing roads, ports, airports, trains, and power plants. According to the Global Infrastructure Hub, in 2021, infrastructure spending in Indonesia amounted to USD 55 billion.
- Indonesia's residential sector is multiplying, driven by a growing population and rising incomes. The government implemented policies encouraging affordable housing development, including tax incentives for developers and subsidies for low-income households.
- Considering all the above factors, the demand for repair and rehabilitation is anticipated to expand during the forecast period.
Southeast Asia Repair & Rehabilitation Industry Overview
The repair and rehabilitation market in Southeast Asia is partially fragmented in nature. Some of the major players in the market include CHEC Construction (M) Sdn Bhd, Gamuda Berhad, Penta-Ocean Construction Co., Ltd., PT Pembangunan Perumahan (Persero) Tbk, PT. Surya Cipta Teknik, PT Jaya Teknik Indonesia, and PT Waskita Karya (Persero) Tbk, among others.
Southeast Asia Repair & Rehabilitation Market Leaders
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China State Construction Engineering Corporation
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PT Jaya Teknik Indonesia
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Penta-Ocean Construction Co.
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Waskita Karya (Persero) Tbk
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CHEC Construction (M) Sdn Bhd
*Disclaimer: Major Players sorted in no particular order
Southeast Asia Repair & Rehabilitation Market News
- The full report will cover recent developments pertaining to the market studied.
Southeast Asia Repair & Rehabilitation Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Trends of Renovation of Residential Buildings
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4.2 Restraints
- 4.2.1 Lack of Skilled Labors
- 4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
-
5.1 Product Type
- 5.1.1 Injection Grouting Materials
- 5.1.1.1 Cement-based
- 5.1.1.2 Resin-based
- 5.1.2 Modified Mortars
- 5.1.2.1 Cement-based
- 5.1.2.2 Resin-based
- 5.1.3 Fiber Wrapping Systems
- 5.1.3.1 Carbon Fiber
- 5.1.3.2 Glass Fiber
- 5.1.4 Rebar Protectors
- 5.1.5 Micro-concrete Motars
- 5.1.6 Other Product Types
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5.2 Application
- 5.2.1 Commerical
- 5.2.2 Industrial
- 5.2.3 Infrastruture
- 5.2.4 Residential
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5.3 Geography
- 5.3.1 Indonesia
- 5.3.2 Thailand
- 5.3.3 Philippines
- 5.3.4 Malaysia
- 5.3.5 Rest of Southeast Asia
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 CHEC Construction (M) Sdn Bhd
- 6.4.2 China Harbour Engineering Company Ltd.
- 6.4.3 China State Construction Engineering Corporation
- 6.4.4 Gamuda Berhad
- 6.4.5 Penta-Ocean Construction Co. Ltd.
- 6.4.6 PT Pembangunan Perumahan (Persero) Tbk
- 6.4.7 PT Surya Cipta Teknik
- 6.4.8 PT Jaya Teknik Indonesia
- 6.4.9 PT Waskita Karya (Persero) Tbk
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Repair and rehabilitation of Old and Historic Monuments
Southeast Asia Repair & Rehabilitation Industry Segmentation
Repair is the process of restoring something that is damaged or deteriorated, or broken, to good condition, while rehabilitation is the process of returning a building or an area to its previous good condition. The repair and rehabilitation market includes various chemicals and materials used for various renovation, repair, and restoration applications in the building and construction industry. These materials are used for strengthening and protecting different residential, commercial, infrastructure, and industrial buildings. Southeast Asia's repair and rehabilitation market are segmented by product type, application, and geography. By product type, the market is segmented into injection grouting materials, modified mortars, fiber wrapping systems, rebar protectors, micro-concrete mortars, and other product types. By application, the market is segmented into commercial, industrial, infrastructure, and residential. The report covers the market size and forecasts for the repair and rehabilitation market in four countries across the Southeast Asia region. The report also covers the market size, and forecasts are based on value (USD Million).
| Product Type | Injection Grouting Materials | Cement-based |
| Resin-based | ||
| Product Type | Modified Mortars | Cement-based |
| Resin-based | ||
| Product Type | Fiber Wrapping Systems | Carbon Fiber |
| Glass Fiber | ||
| Product Type | Rebar Protectors | |
| Micro-concrete Motars | ||
| Other Product Types | ||
| Application | Commerical | |
| Industrial | ||
| Infrastruture | ||
| Residential | ||
| Geography | Indonesia | |
| Thailand | ||
| Philippines | ||
| Malaysia | ||
| Rest of Southeast Asia |
Southeast Asia Repair & Rehabilitation Market Research FAQs
What is the current Southeast Asia Repair and Rehabilitation Market size?
The Southeast Asia Repair and Rehabilitation Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Southeast Asia Repair and Rehabilitation Market?
China State Construction Engineering Corporation, PT Jaya Teknik Indonesia, Penta-Ocean Construction Co., Waskita Karya (Persero) Tbk and CHEC Construction (M) Sdn Bhd are the major companies operating in the Southeast Asia Repair and Rehabilitation Market.
What years does this Southeast Asia Repair and Rehabilitation Market cover?
The report covers the Southeast Asia Repair and Rehabilitation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Southeast Asia Repair and Rehabilitation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Southeast Asia Repair and Rehabilitation Industry Report
Statistics for the 2024 Southeast Asia Repair and Rehabilitation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Southeast Asia Repair and Rehabilitation analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
