Written by MarkNtel Advisors » Updated on: January 09th, 2025
The rising construction of residential, commercial, and public infrastructure, coupled with the increasing government initiatives and investments, and growing demand for various construction equipment rentals such as mobile cranes, excavators, loaders, etc., are the prominent factors driving the growth of Indonesia Construction Equipment Rental Industry.
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.
The infrastructure segment acquired a considerable market share since the government frequently invested in implementing infrastructure, such as rail lines, airports, roads, etc., to improve connectivity between the cities
The ongoing inclination toward crane rental services propels the exponential growth of construction equipment rental market
The rising construction of buildings and infrastructure drives the growing industry forward
As indicated in the latest market research report published by Markntel Advisors, titled “Indonesia Construction Equipment Rental Market Research Report: Residential (Accessories, Air Compressor & Accessories, Building & Renovation, Climate Control, Compaction, Fencing & Roading Solutions, Floor & Cleaning, Other), Non-Residential (Painting & Decoration, Portable Building, Portable Shower & Toilets, Portaloos, Propping & Structural Support, Pumps, Shoring & Accessories, Safety, Other), Infrastructure (Safety, Scaffolding & Ladder, Tarpaulins, Tools & Equipment, Tractor & Attachment, Traffic, Trailer, Water Blaster, other), Logistics & Warehousing (Welding, Access, Concrete & Masonry, Crane, Earthmoving, other) Forecast (2023-2028)”, the concerned report comprises an in-depth analysis of the market, featuring insights into the Indonesia construction equipment rental market.
Geographically, the market is expanded across, Sumatra, Java, Kalimantan, Lesser Sunda Islands, Sulawesi Maluku Islands, and Western New Guinea, this is owing to the government has also invested in various projects for the expansion of public infrastructures, such as the construction of roads, toll roads, railways, etc. This, in turn, would elevate the demand graph, further encouraging the Indonesia Construction Equipment Rental Market.
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