Press Release

Indonesia Construction Equipment Rental Market to Surge Due to Construction of Buildings & Infrastructures

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, cites MarkNtel Advisors in their recent research report. The market growth has been mainly driven by the surging construction of residential & commercial buildings across the country. The increasing tourist influx & growing population has been the prime factor for the construction of buildings & infrastructures, which further leads to the increased demand for construction equipment such as earthmoving equipment, access equipment, cranes, lighting equipment, etc.

Therefore, it is anticipated that the expansion of residential & commercial buildings and infrastructures would significantly contribute to the growth of the market in the coming years. For instance, in 2022, the Indonesian government approved a bill to relocate their capital city to Nusantara by 2024, with an estimated investment of more than USD30 billion. The reallocation includes the construction of institutional, industrial, and residential buildings, which would boost the Equipment Rental Market during the forecast period.

Moreover, the high initial purchasing cost of construction equipment is forcing the contractors & construction companies to shift towards rental equipment for construction activities. The construction industry requires an extensive range of building equipment such as access, earthmoving, concrete & masonry, cranes, and generators for various purposes, which requires huge investment & management.

Thus, renting companies like PT Coates Hire, PT Madhani Talatah Nusantara, and others have been expanding their equipment's fleet size to provide a wide platform for the availability of equipment for meeting the requirements of the end-users, further contributing to enhancing the industry size in the future years, states research report, "Indonesia Construction Equipment Rental Market Analysis, 2023."

Indonesia Construction Equipment Rental Market Segmentation Analysis

Infrastructure Held a Significant Share in the Indonesia Construction Equipment Rental Industry

Based on end-users, the market is bifurcated into Residential, Non-residential, Infrastructure, and Logistics & Warehousing. The Infrastructure holds a substantial share of the Indonesia Construction Equipment Rental Market due to the growing investment & launch of plans for the expansion of civic amenities such as roads, rail lines, airports, etc., in the country. The government had been investing to enhance the mobilization of the residents owing to the rising population, tourist influx, and ascending traffic congestion.

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, cites MarkNtel Advisors in their recent research report. The market growth has been mainly driven by the surging construction of residential & commercial buildings across the country. The increasing tourist influx & growing population has been the prime factor for the construction of buildings & infrastructures, which further leads to the increased demand for construction equipment such as earthmoving equipment, access equipment, cranes, lighting equipment, etc.

Therefore, it is anticipated that the expansion of residential & commercial buildings and infrastructures would significantly contribute to the growth of the market in the coming years. For instance, in 2022, the Indonesian government approved a bill to relocate their capital city to Nusantara by 2024, with an estimated investment of more than USD30 billion. The reallocation includes the construction of institutional, industrial, and residential buildings, which would boost the Equipment Rental Market during the forecast period.

Moreover, the high initial purchasing cost of construction equipment is forcing the contractors & construction companies to shift towards rental equipment for construction activities. The construction industry requires an extensive range of building equipment such as access, earthmoving, concrete & masonry, cranes, and generators for various purposes, which requires huge investment & management.

Thus, renting companies like PT Coates Hire, PT Madhani Talatah Nusantara, and others have been expanding their equipment's fleet size to provide a wide platform for the availability of equipment for meeting the requirements of the end-users, further contributing to enhancing the industry size in the future years, states research report, "Indonesia Construction Equipment Rental Market Analysis, 2023."

Indonesia Construction Equipment Rental Market Segmentation Analysis

Infrastructure Held a Significant Share in the Indonesia Construction Equipment Rental Industry

Based on end-users, the market is bifurcated into Residential, Non-residential, Infrastructure, and Logistics & Warehousing. The Infrastructure holds a substantial share of the Indonesia Construction Equipment Rental Market due to the growing investment & launch of plans for the expansion of civic amenities such as roads, rail lines, airports, etc., in the country. The government had been investing to enhance the mobilization of the residents owing to the rising population, tourist influx, and ascending traffic congestion.