CHICAGO, May 9, 2024
/PRNewswire/ -- According to Arizton's latest research report,
the Indonesia construction
equipment market is growing at a CAGR of 4.17% during
2023-2029.
To Know More, Click:
https://www.arizton.com/market-reports/indonesia-construction-equipment-market
Indonesia Construction Equipment Market Report Scope
Report
Attributes
|
Details
|
Market Size- Volume
(2029)
|
36,510 Units
|
Market Size- Volume
(2023)
|
28,568 Units
|
CAGR- Volume
(2023-2029)
|
4.17 %
|
Historic
Year
|
2020-2022
|
Base
Year
|
2023
|
Forecast
Year
|
2024-2029
|
In 2023, the Indonesian government increased infrastructure
development projects, including constructing airports, railway
lines, roadways, highways & bridges across the country. The
government invested $407 billion
under the Nation Strategic Plan; the fund was directed in 200
different PPP projects in 2023. The demand for hydraulic excavators
is growing due to the rise in public infrastructure projects, which
include the extension of railways tracks, airports & renovation
of bridges & highways across Indonesia in 2023. Several road construction
& housing projects were under progress in different countries
in the Indonesian market in 2023.
The demand for large crawler excavators is growing in
Indonesia due to extensive use in
nickel and coal mining projects. In 2023, the Indonesian government
started a new nickel smelter in the North Morowali region of
Central Sulawesi. The smelter produced 13 million tons of nickel
ore annually. In addition, the government has also planned to
invest in various public infrastructure projects in Jakarta. Investments are also directed toward
the construction of businesses, a financial center for global
research, and the development of emerging technologies such as
clean energy and 5G technology. The sales of crawler excavators are
expected to grow due to rise in smart city projects in Jakarta, Bandung, & Surabaya. These tools
can also operate in rough terrains efficiently, which makes them
ideal for smart city projects. In contrast to developed economies
such as Western Europe,
North America and other medium and
large excavators are in higher demand.
Vendor Insights
- Caterpillar, Kobelco, SANY, Hitachi Construction Machinery, and
Komatsu are leaders in the Indonesia construction equipment market. These
companies have strong market share and offer diverse sets of
equipment.
- Toyota Material Handling, Kubota, Liu
Gong, Yanmar, and JCB are niche players in the Indonesia construction equipment market. These
companies offer low product diversification and have a strong
presence in the local Indonesian market.
- Volvo Construction Equipment, Zoomlion, Takeuchi, and XCMG are
emerging in the Indonesia
construction equipment market. These companies are introducing new
technologically advanced products to challenge the market share of
market leaders in the country's market.
- SAKAI, Sumitomo, Hyundai
Construction Equipment, and Liebherr had an established presence
for a significant period in the Indonesia construction equipment industry,
coupled with diverse product offerings. These companies generally
lag behind competitors in providing innovative and advanced product
technology.
Indonesia Construction Equipment Market Dynamics
Drivers
- Government Investments in Public Infrastructure Projects
through PPP Model
- Skilled Labor Shortage due to High Dependency on Foreign
Labor
- Rise in Mining Projects Drive Compact Equipment
Trends
- Intense Rivalry between Chinese and other OEMs in the
Indonesian market
- Adoption of Electric & Hydrogen Fuel Technologies
- Application of Mini Excavators in Palm Oil Plantations
Challenges
- Surge in Building Material Prices Hampers the Construction
Projects
- Skilled Labor Shortage due to High Dependency on Foreign
Labor
- Government Policy to allow Foreign-Manufactured Used Equipment,
Hampering Sales of New Equipment
Buy this Research @
https://www.arizton.com/market-reports/indonesia-construction-equipment-market
Post-Purchase Benefit
- 1hr of free analyst discussion
- 10% of customization
Prominent Vendors
- Caterpillar
- Komatsu
- Volvo Construction Equipment
- Hitachi Construction Machinery
- Kubota
- SANY
- JCB
- Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
- Kobelco
- Zoomlion Heavy Industry Science & Technology Co. Ltd
- Hyundai Construction Equipment
Other Prominent Vendors
- Liebherr
- LiuGong
- Yanmar
- Sumitomo Construction Machinery
- Takeuchi
- Toyota Material Handling
- Manitou
- SAKAI HEAVY INDUSTRIES,
LTD
- KATO WORKS CO., LTD.
- GEHL
- MERLO Group
- Bobcat
- Terex Corporation
- CNH Industrial
- Mecalac
- AIRMAN
- Shandong Lingong Construction Machinery (SDLG)
- Hidromek
- Rokbak
Distributor Profiles
- PT Indotruck Utama
- United Tractors
- Multicrane Perkasa
- PT. Airindo Sakti
- PT. Sumitomo Construction Machinery
- PT. Badak Prima Lestari
- PT. United Equipment Indonesia
- ALTRAK 1978
Market Segmentation
Type
- Earthmoving Equipment
-
- Excavator
- Backhoe Loaders
- Wheeled Loaders
- Other Earthmoving Equipment (Other loaders, Bulldozers,
Trenchers)
- Road Construction Equipment
-
- Road Rollers
- Asphalt Pavers
- Material Handling Equipment
-
- Crane
- Forklift & Telescopic Handlers
- Aerial Platforms (Articulated Boom Lifts, Telescopic Boom
lifts, Scissor lifts)
- Other Construction Equipment
-
- Dumper
- Tipper
- Concrete Mixer
- Concrete Pump Truck
- End Users
-
- Construction
- Mining
- Manufacturing
- Others (Power Generation, Utilities Municipal
Corporations, Oil & Gas, Cargo Handling, Power Generation
Plants, Waste Management)
Key Questions Answered in the Report:
Who are the key players in the Indonesia construction equipment market?
What is the growth rate of the Indonesia construction equipment market?
How big is the Indonesia
construction equipment market?
What are the trends in the Indonesia construction equipment industry?
Which are the major distributor companies in the Indonesia construction equipment market?
How big is the Indonesia
construction equipment market?
What is the growth rate of the Indonesia construction equipment market?
Who are the key players in the Indonesia construction equipment market?
What are the trends in the Indonesia construction equipment industry?
Which are the major distributor companies in the Indonesia construction equipment market?
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https://www.arizton.com/market-reports/indonesia-construction-equipment-market
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