The Report Covers Indonesia Commercial Real Estate Market Companies & Overview and it is Segmented by Type (Offices, Retail, Industrial, Logistics, Multi-family, and Hospitality) and Key Cities (Jakarta, Surabaya, and Semarang). The market size and forecasts for the Indonesia Commercial Real Estate market are provided in terms of value (USD) for all the above segments.

Since the first quarter of 2020, the commercial property demand index in Indonesia has been experiencing an increase, reaching its highest value of 104.22 index points by the second quarter of 2024. The demand for the commercial property market is expected to be driven by Indonesia’s increasing number of retailers and foreign investments.

Indonesia's Real Estate Market Report is Segmented by Property Type (Residential, Office, Retail, Hospitality, and Industrial) and Location (Jakarta, Bali, and the Rest of Indonesia). The Report Offers Market Size and Forecasts in Terms of Value (USD) for all the Above Segments.

As of the second quarter of 2024, the commercial property price index in Indonesia stood at 103.95, indicating an increase compared to previous quarters. In the third and fourth quarter of 2020, the real estate market for office areas and buildings experienced a decline due to the COVID-19 crisis.

As of the fourth quarter of 2024, the commercial property price in Jakarta, Indonesia's capital city, reached a value of 102.72 index points. This indicated an increase compared to the price index in the second quarter of 2019, which stood at 101.16 index points.

The ASEAN Office Real Estate Market Report is Segmented by Geography (Singapore, Thailand, Vietnam, Indonesia, Malaysia, Philippines, and Rest of ASEAN). The Report Offers Market Sizes and Forecasts in Terms of Value (USD) for all the Above Segments.

In 2024, the value of foreign direct investment in the real estate market in Indonesia amounted to over three billion U.S. dollars. This indicated an increase compared to the previous year.

As of January 2025, the resale supply index of second-hand houses in Indonesia stood at 226.7. The index tracks the overall supply movement of the second-hand housing market in Indonesia, compared to the base value from January 2020, when the index was equal to 100. The growth of the supply index implied an increasing supply of second-hand houses in Indonesia.

The size of the ASEAN Office Real Estate Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 9.00">> 9.00% during the forecast period. The ASEAN office real estate market encompasses the development, leasing, and investment in office spaces across the Association of Southeast Asian Nations (ASEAN) member countries, which include Indonesia, Malaysia, Singapore, Thailand, the Philippines, Vietnam, and others. This market has witnessed significant growth driven by rapid urbanization, economic development, and increasing foreign direct investment in the region. As companies expand their operations and establish a presence in ASEAN, the demand for high-quality office spaces has surged, particularly in key cities such as Singapore, Bangkok, and Jakarta. The market is characterized by a diverse range of office types, including traditional office buildings, co-working spaces, and flexible office solutions. The rise of remote work and changing employee preferences have accelerated the popularity of co-working spaces, which offer businesses the flexibility to adapt to fluctuating workforce needs while promoting collaboration and innovation. Additionally, sustainability has become a critical focus, with developers and tenants increasingly seeking green buildings that comply with environmental standards, contributing to energy efficiency and reduced operational costs. Recent developments include: September 2022 - Ciputra International (a real estate company), inaugurated the Propan Tower. This project has 17 floors and is spread across 7.4 hectares, consisting of 10 buildings, 6 offices, 3 apartments, and 1 hotel. The project was developed to meet the increasing demand for office space in Jakarta., February 2022 - Hulic (a real estate company) signed a Purchase Agreement with Japan Excellent (a real estate investment trust that mainly invests in office buildings in Tokyo) to buy Trust Beneficiary Rights in Shintomicho Building for JPY 3.1 billion (USD 25.4 million). The Trust Beneficiary Rights in the Shintomicho Building will be transferred in two parts, with the first phase being the transfer of 40% ownership for JPY 1,24 billion (USD 10.1 million) and the second phase involving the transfer of the remaining 60% ownership for JPY 1.86 billion (USD 15.3 million).. Key drivers for this market are: Increasing geriatric population, Growing cases of chronic disease among senior citizens. Potential restraints include: High cost of elderly care services, Lack of skilled staff. Notable trends are: Demand for Co-Working Spaces Driving the Market.

Indonesia Facility Management Market size was valued at USD 3.62 Billion in 2024 and is projected to reach USD 7.43 Billion by 2032, growing at a CAGR of 9.4% from 2025 to 2032.

Growing Real Estate and Infrastructure Development: Indonesia’s rapid urbanization and real estate development are driving the facility management market, with a 6% annual increase in infrastructure projects from 2022 to 2025. This growth is primarily due to construction in office spaces, residential buildings, and retail centres.

Government Initiatives and Policies for Smart Cities: The Indonesian government has allocated USD 4.8 billion in 2023 to build 100 smart cities by 2025, focusing on energy efficiency, security, and maintenance through advanced facility management solutions like IoT and automated systems. This initiative has sparked a strong market demand for technologically advanced and sustainable integrated FM services.

As of the second quarter of 2024, the commercial property price index in Denpasar, Bali, had increased by around 6.4 percent. After experiencing significant negative growth during the COVID-19 pandemic, the year-on-year growth of the city's commercial property price index spiked in the second quarter of 2022 and has seen positive growth since then.

Office Furniture In Indonesia Market size was valued at USD 1.80 Billion in 2024 and is projected to reach USD 3.80 Billion by 2032, growing at a CAGR of 9.7% from 2025 to 2032.

Key Market Drivers:
Increasing Demand for Modern Workspaces: Indonesia’s demand for office furniture is increasing due to the trend towards modern, comfortable, and ergonomic workspaces. As businesses prioritize employee well-being and productivity, the need for functional office furniture is rising. The country’s GDP growth rate of 5.2% in 2023 fuels investment in office infrastructure and furniture.

Expansion of Small and Medium Enterprises (SMEs): Indonesia’s dynamic SME sector is a major driver of the office furniture industry. According to BPS figures for 2022, SMEs provide a substantial contribution to the economy, accounting for more than 60% of total employment. As these organizations expand, they require more office space and furniture, driving up demand for both classic and creative office furniture solutions.

Rise in Remote Work and Hybrid Work Models: Indonesia’s shift towards remote and hybrid work models has increased office furniture demand. As 17.8% of the workforce in 2022 was engaged in remote work, companies are equipping home offices with ergonomic furniture and flexible solutions, resulting in a surge in demand for office furniture and related products.

Government Infrastructure and Real Estate Development: Indonesia’s ambitious “National Medium-Term Development Plan” (RPJMN) 2020-2024, which includes significant investments in commercial real estate and office space development, is expected to increase demand for high-quality office furniture due to government initiatives to enhance infrastructure and expand the real estate sector.

The leased office building price index in Jakarta, Indonesia, has fluctuated in the past few years. From 94.01 index points during the first quarter of 2020, this value declined to 91.67 index points by the fourth quarter of 2024. The strata-title offices, on the other hand, remained stable since the last quarter of 2022.

Market Overview and Growth Drivers: The Indonesian ceramic tiles industry has experienced steady expansion, with a market size of 1.29 million US dollars in 2025. The industry is projected to grow at a CAGR of 4.78% over the forecast period of 2025-2033. Key drivers fueling this growth include increasing urbanization, rising disposable incomes, and the growing construction sector. Rapid infrastructure development, particularly in residential and commercial projects, is creating a high demand for ceramic tiles. Industry Trends and Challenges: Technological advancements are shaping the industry, leading to innovative tile designs, improved durability, and eco-friendly manufacturing processes. Digital printing technologies allow for intricate and customizable patterns, while the use of nano-coatings enhances tile strength and longevity. However, the industry faces challenges such as fluctuating raw material costs and intense competition from both domestic and international players. Moreover, the need for sustainable practices is becoming increasingly important, driving demand for eco-friendly ceramic tiles. Recent developments include: In September 2023, PT Keramika Indonesia Assosiasi Tbk (KIAS) secured a loan of IDR 30 billion to expand its ceramic business line., In November 2022, Platinum Ceramics initiated a significant plant modernization project to enhance productivity and product quality. The company partnered with System Ceramics to incorporate technological advancements into the project.. Key drivers for this market are: Growth in Real Estate Construction is Driving the Market, Rise in Urbanization is Driving the Market. Potential restraints include: Installation is Difficult, Pricey, and Time-Consuming, Long-term Heat Retention is Difficult. Notable trends are: Consumption of Ceramic Tiles in Indonesia.

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Plumbing Pipes And Pipe Fittings Market Size 2024-2028

The plumbing pipes and pipe fittings market size is forecast to increase by USD 36.68 billion at a CAGR of 14.76% between 2023 and 2028.

The market is witnessing significant growth due to several key trends. The rise in construction activities, particularly In the residential and commercial sectors, is driving market demand. Additionally, there is a surging demand for sustainable plumbing solutions as consumers and governments prioritize eco-friendly options. The adoption of low-flow fixtures and the integration of the Internet of Things (IoT) and leak-detection technologies are trends that reflect this shift toward sustainability. However, market growth is also influenced by fluctuations in raw material prices, which can impact the affordability and profitability of manufacturers. These trends present both opportunities and challenges for market participants, requiring strategic planning and adaptability to remain competitive.

What will be the Size of the Plumbing Pipes And Pipe Fittings Market During the Forecast Period?

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The market is driven by consumer lifestyle patterns and the construction sector's ongoing expansion in residential and commercial developments. Technological innovation continues to shape the market, with CPVC piping systems, such as Corzan CPVC technology, gaining popularity due to their heat resistance, flame resistance, and smoke pressure resistance. Plastics and metals, including CPVC, PEX, brass, and copper, dominate the market, catering to various applications, from bathroom and kitchen fixtures to toilet fixtures and infrastructure projects.



The market is further influenced by eco-friendly and sustainable trends, with cross-linked polyethylene and polyvinyl chloride pipes and low-flow fixtures gaining traction. The Internet of Things and leak detection technologies are transforming the market, offering cost savings and improved efficiency. Trade disruptions and freight costs remain significant cost components, impacting the market's overall dynamics.

How is this Plumbing Pipes And Pipe Fittings Industry segmented and which is the largest segment?

The plumbing pipes and pipe fittings industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Pipes
  Fittings


Application

  Residential
  Commercial
  Others


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    US


  Europe

    Germany
    UK
    France


  Middle East and Africa



  South America

    Brazil

By Product Insights

The pipes segment is estimated to witness significant growth during the forecast period.

Plumbing systems utilize both metal and plastic pipes for various applications. Among the plastic options, polyvinyl chloride (PVC) pipes and chlorinated polyvinyl chloride (CPVC) pipes are commonly used due to their exceptional properties. PVC pipes offer superior resistance to wear and tear, high flex life, chemical resistance, superior abrasion resistance than rubber and metals, resistance to cold and heat, high load-bearing capacity, good dimensional stability at room temperature, and non-flammability. These features make PVC pipes a popular choice in plumbing, particularly due to their high durability, strength, malleability, and versatility. Market companies are continually improving PVC pipes to cater to specific applications, emphasizing their efficiency and strength.

Cross-linked polyethylene (PEX) pipes are another eco-friendly and sustainable alternative in plumbing, offering flexibility, ease of installation, and corrosion resistance. Additionally, the integration of low-flow fixtures and Internet of Things (IoT) technology in plumbing systems further enhances water conservation and efficiency.

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The pipes segment was valued at USD 14.82 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 36% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The Asia Pacific region dominates The market, with China and India leading the way. The region's real estate sector is experiencing strong growth, particularly in countries like India, China, Vietnam, and other emerging Asian economies. This expansion is driven by the increasing construction of commercial spaces, fueled by higher disposable income

The Indonesia office furniture market is projected to expand from $6,800 million in 2025 to $11,900 million by 2033, witnessing a 4.20% CAGR during 2025-2033. Increasing urbanization, a growing corporate sector, and the rising number of startups and SMEs are driving market growth. Additionally, the increasing adoption of ergonomic furniture to promote employee well-being and productivity is a key factor boosting demand. Major market segments include material (wood, metal, plastic, other), product (seating, storage units, tables, workstations, others), and distribution channel (supermarkets, specialty stores, online, other). Key market players include Vinoti Office, PT Chitose Internasional Tbk, CV Anindo Furniture, CV KembangDjati Furniture, Stramm, Indachi Office Furniture, PT Furnindo International, PT Bate Furniture, PT Indovickers Furnitama, and Qualiteak. Key drivers for this market are: Growing Consumer Trend for Luxury Furniture, Real Estate Development. Potential restraints include: High Import Taxes and Duties, High Cost of Raw Materials. Notable trends are: Rising Urbanization is Driving the Market.

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Redispersible Polymer Powder Market Size 2024-2028

The redispersible polymer powder market size is forecast to increase by USD 677.5 million, at a CAGR of 5.6% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. The rapid expansion of infrastructure development, particularly in road and bridge construction, is driving market growth. Additionally, the increasing number of residential and commercial construction projects is fueling demand for RDPs. However, the market is also facing challenges, including the fluctuating prices of raw materials, which can impact the profitability of manufacturers. To mitigate these challenges, market players are focusing on improving production efficiency and exploring alternative raw material sources. Overall, the RDP market is expected to continue its growth trajectory In the coming years, driven by these trends and the ongoing demand for construction materials.

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The market is experiencing significant growth due to its increasing application in energy-efficient renovation and green building projects. These structures prioritize reduced Volatile Organic Compound (VOC) emissions, aligning with environmental regulations. Redispersible polymer powders, such as those based on Vinyl Acetate Ethylene (VAE), Acrylic, Styrene Butadiene, and Organic Polymer Powder, are used in various applications including Vehicle Application Equipment (VAE), tiling, and flooring in residential construction and infrastructure projects.
The market is further driven by the need for durability In the face of natural calamities and health hazards. Emerging economies present a substantial investment opportunity due to their expanding construction sectors. Key properties of redispersible polymer powders, such as plasticity adhesion, self-leveling compounds, high flexibility, and cohesion properties, make them suitable for use in cement structures and glass transition temperatures, saponification resistance, and mechanical properties ensure their longevity.

How is this Redispersible Polymer Powder Industry segmented and which is the largest segment?

The redispersible polymer powder industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Residential
  Non-residential


Application

  Tilling and flooring
  Mortars and cements
  Plastering
  Insulation systems


Geography

  APAC

    China
    India


  Europe

    Germany


  North America

    US


  South America



  Middle East and Africa

By End-user Insights

The residential segment is estimated to witness significant growth during the forecast period. The market is experiencing growth due to its increasing application in residential construction and energy-efficient renovation projects. This market trend is driven by the demand for affordable and eco-friendly building materials. Redispersible polymer powder is a versatile material used in various applications, including tile adhesives, mortars, and plasters. Its high cohesiveness, flexibility, and bond strength make it an ideal choice for construction applications. Furthermore, it does not release volatile organic compounds (VOCs) and complies with environmental regulations, making it a sustainable option. The product's waterproofing properties, mechanical strength, and durability are also essential factors contributing to its popularity in infrastructure projects and natural calamity-prone areas.
The market is expected to witness significant growth during the forecast period due to its potential in niche markets such as tile cement, self-leveling compounds, and gypsum plaster. Polymer types like vinyl acetate ethylene (VAE), acrylic, styrene butadiene, and organic polymer powder are used In the production of redispersible polymer powder. Companies are focusing on strategic developments, such as product innovation and mergers and acquisitions, to expand their market share. The market's historical demand and forecast demand are influenced by factors such as cement structures, glass transition temperatures, saponification resistance, and mechanical properties.

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The residential segment was valued at USD 949.20 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

F

As per Cognitive Market Research's latest published report, the Global Furniture Hardware market size will be $21,700.81 Million by 2028. Furniture Hardware Industry's Compound Annual Growth Rate will be 4.20% from 2023 to 2030.

The North America Furniture Hardware market size will be USD 4,750.31 Million by 2028.

What is Driving Furniture Hardware Market?

Rising residential construction activities

The construction of residential building is expected to grow at a significant rate and is expected to experience unprecedented changes. The transformation is due technological advancements and shift in project management techniques. Moreover, continuous economic growth in various emerging and developed countries is adding lucrative financing deals with low interest rates, which is anticipated to boost the revenues of the furniture hardware.

Increasing construction of residential spaces, have led to the rise in the adoption of the wide array of furniture. Attractive amenities in residential complexes have led to the increased demand for the attractive and convenient furniture. Furniture provides completeness to home. Imperatively, it takes up the majority of space and makes residential space lived and complete. It’s always considered in mind that home is supposed to be solace and contributes a healthier lifestyle, both mentally and physically.

As population is growing, its most obvious demand gets reflected on the residential buildings which directly serve the needs of that population. The U.S. housing stock needs to expand to accommodate a growing population. Over the last 10 years the U.S. added approximately 33 million people. Residential furniture and furnishings; to include sofas, loveseats, beds, mattresses, china cabinets, credenzas, chest of drawers, mirrors, carpets, tables and chairs.As residential construction activities is growing, it drives the market for furniture hardware.

Restraints for Furniture Hardware Market

Inconsistent, high raw material prices and insufficient supply chain.(Access Detailed Analysis in the Full Report Version)

Opportunities for Furniture Hardware Market

Surge in renovation activities of buildings as well as rising number of skyscrapers.(Access Detailed Analysis in the Full Report Version)

What is Furniture Hardware?

Furniture hardware refers to the fasteners, fittings, and component pieces required to construct a functional, long-lasting piece of furniture. Furniture hardware support the appearance, style, and longevity of a piece of furniture.

Furniture hardware plays an important role in installation of furniture. One cannot be replaced by another and no matter how little or inconsequential a piece of furniture hardware appears to be, it must be installed. In some cases, the tiniest furniture components become the most important in keeping the complete furniture model together.

Furniture hardware contributes to the ease of use in any room. It is suitable for use in panel furniture, solid wood furniture, hardware furniture, office furniture, bathroom, cabinet furniture, and wardrobe. Furniture hardware comprises drawer slides, hinges, knobs, and pulls, furniture sliding door hardware, furniture door support, a kitchen pull out basket, and wardrobe storage hardware. The majority of hardware is constructed of zinc, copper, brass, stainless steel, bronze, chromium, nickel, and other metals.

It can be available in structural furniture hardware (such as glass coffee table, negotiation of metal legs of the round table, etc.), functional furniture hardware (such as riding, hinge, three-in-one connector, slide rail, laminate support, etc.), decorative furniture hardware (such as aluminium edge banding, hardware pendants, metal handles, etc.).

The furniture hardware can be used in a variety of settings, including residential, commercial, and domestic. Currently, there is a surge in real estate investment happening all over the world. Simultaneously, increasing economies in developing nations like India, China, Indonesia, and others have resulted in significant expenditures in urbanization. As a result, furniture hardware is in higher demand all around the world.