Press Release Description

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.

Indonesia Construction Equipment Rental Market

Moreover, the country has majorly focused on strengthening its educational value worldwide through the expansion of educational institutions & universities as well as collaborations with foreign universities to boost their research & development departments. Significantly, such expansions & the construction of foreign universities in Indonesia as well as the extension of national universities, schools, etc., in the near future would create an opportunity for the Construction Equipment Rental Market in Indonesia.

Java Region Dominated the Indonesia Construction Equipment Rental Market

The Construction Equipment Rental Market in the Java region has experienced rapid growth during the historical period & would flourish in the projected years as well. The major factors attributed to the growth are the burgeoning investment by the government for the expansion of infrastructures and the rising construction of residential & commercial buildings in the region. Furthermore, the high cost of the purchase of heavy construction equipment, such as excavators, cranes, cherry pickers, etc., has also boosted market size.

Along with this, the government has made substantial investments in various infrastructure projects, including the construction of roads, toll roads, and railways. Hence, these investments are expected to drive up the demand for these rental equipment, thereby further bolstering the Java Construction Equipment Rental Market from 2023 to 2028.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including 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), PT Berlian Amal Perkasa, PT Hexindo Adiperkasa Tbk, PT UnityOne Prima Nusantara, PT Aver Asia Indonesia, PT Sacindo Machinery, Probesco Kanamoto Indonesia, PT Aneka Raya Konstruksi Mesindo, and others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends that have shaped the industry to its current form?
  3. What key factors would propel and impede the industry across the country?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition shaped across the country, followed by their comparative factorial indexing?
  6. How have buying behavior, customer inclination, and expectations from product manufacturers evolved during 2018-28?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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