Market Insights and Analysis: Indonesia Construction Equipment Rental Market Overview and Projections (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
Top leading companies in the Indonesia Construction Equipment Rental Market includes:
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
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 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.
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Report Segmentation:
The market is categorized into the following segments in the 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)
- 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.
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Indonesia Construction Equipment Rental Market Geographic Reach:
The Geographic Reach of the Indonesia Construction Equipment Rental Market evaluates the spread and significance of Indonesia Construction Equipment Rental Market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- Sumatra, Java, Kalimantan, Lesser Sunda Islands, Sulawesi, Maluku Islands, Western New Guinea,
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