Indonesia Construction Equipment Rental Market Comprehensive Analysis and Forecast 2023 to 2028

Indonesia Construction Equipment Rental Market Overview: 2023-2028
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 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, The Indonesia Construction Equipment Rental Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.
Markntel Advisor’s Indonesia Construction Equipment Rental Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Indonesia Construction Equipment Rental Market drivers, barriers, Indonesia Construction Equipment Rental Market Trends, and Key Players in Indonesia Construction Equipment Rental Market.
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Indonesia Construction Equipment Rental Market Dynamics: 2023-2028
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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Indonesia Construction Equipment Rental Market (2023-30): Segmentation Outlook
The market report has segmented the market into the following categories:
Based on End Users:
-Residential
-Non-residential
-Infrastructure
-Logistics & Warehousing.
By Region
-Sumatra
-Java
-Kalimantan
-Lesser Sunda Islands
-Sulawesi
-Maluku Islands
-Western New Guinea
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Top Companies Operating in the Indonesia Construction Equipment Rental Market:
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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