Construction Equipment in Indonesia – Market Analysis & Trends Published by Technavio
By Business Wire News
By Business Wire News
Technavio has published a new report on the construction equipment market in Indonesia,which is expected to grow at a CAGR of more than 10% from 2015-2019.
Construction equipment market segmentation by application
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different applications, including earthmoving and tunnelling equipment, building material equipment, building construction equipment, road building equipment, and mining equipment.
The report also emphasizes equipment rental services, which have become an attractive option for small and medium-sized construction companies with financial constraints. The number of construction and mining equipment for rent increased from 3,500 units in 2013 to 4,300 units in 2014 in Indonesia.
“Many international construction companies such as Caterpillar and Volvo Construction Equipment are offering construction equipment for rent to their clients, which helps to significantly reduce overhead costs,” says Faisal Ghaus, Vice President of Technavio.
Construction equipment: Market scope and calculation of market size
In this report, Technavio covers the present scenario and growth prospects of the construction equipment market in Indonesia from 2015-2019. We calculated the market size based on the consumption value of construction equipment, and evaluated the growth prospects after an analysis of the present condition of the market.
Industry analysis includes:
- Key Vendors:
- Caterpillar Inc.
- Sany Group
- Volvo Construction Equipment
- Market Growth Drivers:
- Rapid Urbanization
- Increased Investment in Infrastructure Development
- Market Challenges:
- Competition from International Manufacturers
- Lack of Skilled Workforce
- Market Trends:
- Growth in Equipment Rental Services
- High Demand for Energy-efficient Equipment
View the construction equipment market in Indonesia report.
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