At a Staggering 4.82% CAGR, Indonesia Construction Equipment Rental Market Anticipates Achieving USD 3.03 Billion Value in 2022 by 2028, Affirms MarkNtel Advisors

Written by irenegarcia  »  Updated on: April 19th, 2024

At a Staggering 4.82% CAGR, Indonesia Construction Equipment Rental Market Anticipates Achieving USD 3.03 Billion Value in 2022 by 2028, Affirms MarkNtel Advisors

Indonesia Construction Equipment Rental Market Insights Report Overview

According to the latest market study by MarkNtel Advisors titled Indonesia Construction Equipment Rental Market Size, Share, Trends, Growth, Opportunity Analysis 2023-2028” presents a thorough examination of market drivers, opportunities and challenges.

Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.

Indonesia Construction Equipment Rental Market Overview:

The Indonesia Construction Equipment Rental Market size was valued at around USD 3.03 billion in 2022 & is projected to grow at a CAGR of about 4.82% during the forecast period, i.e., 2023-28.

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The Indonesia Construction Equipment Rental Market Trend:

Expansion of Crane Rental Services – The surging infrastructure development activities have been supported by the government, in line with its objective of developing all regions & not only the main island of Java. Better connectivity to brace the soaring incoming leisure tourism & the government's aim to make the country a hotspot destination for healthcare tourism has been the major reasons for the investments in infrastructure development.

Thus, to satiate the booming infrastructure development, primarily roads, highways, rail lines, airports, etc., a sudden boom in demand for cranes has been observed. Hence, the requirement for cranes has increased, owing to which many equipment rental companies have solely started offering cranes on rental basis.

Competitor Insight: Indonesia Construction Equipment Rental Market

  • PT Coates Hire Indonesia
  • Madhani Talatah Nusantara
  • AKTIO Equipment Indonesia
  • Cakra Indo Pratama Group
  • Royal Krane Perkasa
  • Rental Crane Indonesia
  • Sarana Rintasindah
  • Marga Maju Mapan
  • Tanjungsari Prima Sentosa (RIMASA)
  • Others

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Segmentation Summary: Indonesia Construction Equipment Rental Market

This segmentation analysis outlines prominent sections in the report's table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the Indonesia Construction Equipment Rental Market, with notable highlighting on:

-By End Users

  • Residential
  • Non-residential
  • Infrastructure
  • Logistics & Warehousing

Infrastructure acquired a significant market share as the government consistently invested in establishing infrastructure, such as rail lines, airports, roads, etc., to improve connectivity between the cities. In 2016, Indonesia announced it would build a high-speed railway network of approximately 150km between Jakarta & Bandung.

The project was scheduled for completion by 2020 but was delayed due to the COVID-19 outbreak & was being rescheduled to 2023. The project included an investment of around USD6.07 billion & it would cover four railway stations from source to destination. Therefore, the growing investments by the government for an enhanced transportation system in the country would prevail over the demand for construction equipment rental & crane rental during the forecast period.

Indonesia Construction Equipment Rental Market Geographical Reach:

  • Sumatra
  • Java
  • Kalimantan
  • Lesser Sunda Islands
  • Sulawesi
  • Maluku Islands
  • Western New Guinea

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Key Questions Addressed:

  • Factors Driving Market Growth: Understand the primary drivers propelling the Indonesia Construction Equipment Rental market forward.
  • Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
  • Growth Projections: Gain insights into anticipated growth projections for the coming years.
  • Geographical Hotspots: Identify geographical poised for significant market growth soon.

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