MarkNtel Advisors recently published a detailed industry analysis of the Indonesia Construction Equipment Rental Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Indonesia Construction Equipment Rental Market (2023-2028)
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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What is driving the Indonesia Construction Equipment Rental market?
Rising Construction of Buildings & Infrastructures: An upsurge in population & the rising number of tourists resulted in an increase in the construction of residential buildings & hotels in Indonesia, which has supplemented the demand for construction rental equipment across the region during the historical period. The construction industry requires a wide range of equipment for different purposes such as lighting, earthmoving, access, etc. Thus, due to the high acquisition & maintenance expenses, it becomes difficult for construction companies & contractors to maintain a large fleet of equipment. Therefore, the demand for rental equipment witnessed a spike in Indonesia.The rising investment by the government for the expansion of public infrastructure, such as roads, rail lines, metro, etc., would further augment the need for rental equipment, like excavators, cranes, cherry pickers, etc., during the forecasted year. For instance, in 2019, the government of Indonesia announced an investment of around USD412 billion to expand infrastructures in the country by 2024.
Besides, the development project would include the construction of about 25 airports & new power plants. Thus, the shift in construction activities due to the expansion of residential & commercial buildings and infrastructures is predicted to strongly contribute to the growth of the Indonesia Construction Equipment Rental Market in the upcoming years.
What segments define the Indonesia Construction Equipment Rental market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
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),
By Region
(Sumatra, Java, Kalimantan, Lesser Sunda Islands, Sulawesi, Maluku Islands, Western New Guinea)
Explore the Complete Indonesia Construction Equipment Rental Market Analysis Report – https://www.marknteladvisors.com/research-library/indonesia-construction-equipment-rental-market.html
Who are the leading key players shaping the Indonesia Construction Equipment Rental Market landscape?
PT Coates Hire Indonesia, PT. Madhani Talatah Nusantara, PT. AKTIO Equipment Indonesia, PT. Cakra Indo Pratama Group, PT. Royal Krane Perkasa, PT. Rental Crane Indonesia, PT. Sarana Rintasindah, PT. Marga Maju Mapan, PT. Tanjungsari Prima Sentosa (RIMASA), Others
Questions Addressed in this Study
1.What factors are driving the Indonesia Construction Equipment Rental Market growth?
2.How is the Indonesia Construction Equipment Rental Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Indonesia Construction Equipment Rental Market?
4.What is the current size of the Indonesia Construction Equipment Rental Market, and how is it projected to change in the future?
6.What is the future outlook for the Indonesia Construction Equipment Rental Market in terms of technological advancements and market expansion?
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