Construction Equipment Market in Indonesia 2015-2019
About Construction Equipment Market in Indonesia
Construction equipment refers to tools and equipment that are specially designed for executing construction tasks, mainly earthwork operations. This equipment offers an efficient, accurate, easy, and cost-effective method for the construction of complex and high-quality infrastructure.The growing construction activities in Indonesia is boosting the construction equipment market in the country. While urbanization is encouraging the development of infrastructure, an increase in disposable income is driving the demand for residential and commercial property in the country, thereby propelling the demand for construction equipment. However, there are certain growth inhibitors for the market in Indonesia. Raw materials such as steel availability (import increased from 3.4 million tons in 2009 to over 8 million tons in 2013), high fuel price, and poor transport infrastructure are some of the major challenges curtailing the market growth.
Technavio's analysts forecast the construction equipment market in Indonesia to grow at a CAGR of 10.9% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the construction equipment market in Indonesia for the period 2015-2019. The report presents five key vendors and a detailed analysis of these vendors.
Technavio's report, Construction Equipment Market in Indonesia 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Construction Equipment Market in Indonesia 2015-2019
Technavio recognizes the following companies as the key players in the Construction Equipment Market in Indonesia: Caterpillar, JCB, Liebherr, Sany Group and Volvo Construction Equipment
Other Prominent Vendors in the market are: PT Komatsu Indonesia, Sumitomo Construction Machinery and Zoomlion Heavy Industry Science & Technology
Commenting on the report, an analyst from Technavio’s team said: “In the past few years, equipment rental has become an attractive option for construction companies, primarily SMEs with financial constraints. The number of construction and mining equipment on rent increased in 2014 in Indonesia. To leverage on this trend, international companies, such as Caterpillar and Volvo Construction Equipment, are offering construction equipment to their clients on rent. Equipment, such as excavators, wheel loaders, engine graders, crawler cranes, truck cranes, and truck mounted cranes, can be leased on a daily or annual basis. The lease period is often less than the average lifetime of the equipment. This allows construction companies to avail the recent innovations in the market, without having to spend on equipment ownership.”
According to the report, an increase in construction activities has been driving growth of the construction equipment market in Indonesia. While rapid urbanization is encouraging people to beautify and develop infrastructure, the rise in disposable income in the country has boosted demand for residential and commercial properties, thereby necessitating the requirement for construction equipment.Further, the report states that competition from international manufacturers is creating a challenge for the domestic players that are struggling to retain their market share.
Caterpillar, JCB, Liebherr, Sany Group, Volvo Construction Equipment, PT Komatsu Indonesia, Sumitomo Construction Machinery, Zoomlion Heavy Industry Science & Technology
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