Southeast Asia Repair and Rehabilitation Market Size (2024 - 2029)

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 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).