As per current published report by Markntel Advisors the Indonesia Construction Equipment Rental Market is estimated to grow at a CAGR of around 4.82% during the forecast period, i.e., 2023-28. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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Indonesia Construction Equipment Rental Market Driver:
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 2023.
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.
The Indonesia Construction Equipment Rental Market has segmented the market into the following categories:
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)
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By Region
– Sumatra
– Java
– Kalimantan
– Lesser Sunda Islands
– Sulawesi
– Maluku Islands
– Western New Guinea
Competitive Environment Featuring Key Players:
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
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