Southeast Asia Repair and Rehabilitation Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
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.
Key HighlightsThe 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.
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