Press release
Indonesia Construction Equipment Market Size by Unit Sales to Reach Volume of 33,016 Units by 2028 – Arizton
Subheading: The rise in infrastructure development projects and the growth of mining industry due to surge in demand nickel, tin, and coal in the market is expected to drive the demand for construction equipment in Indonesia during the forecast period.The Indonesia construction equipment market by volume is expected to grow at a CAGR of over 7.13% during the period 2021−2028.
Key Highlights Offered in the Report:
1. The Indonesia construction equipment market size is likely to reach revenues of USD 4.5 billion by 2028.
2. In 2020, Indonesian GDP contracted by 2% due to decrease in economic activities across the major industries such as construction, mining, and manufacturing. The construction and mining industries declined by 2.8% and 2.06% in Q1 2020 respectively. The impact was witnessed by construction equipment market which dropped by 9.6% in 2020.
3. In 2021, Indonesian government has proposed a package worth USD 47.8 billion to offset the economic effect of the pandemic. A National Medium-Term Development plan is introduced to invest USD 412 billion in the development of transport, industrial, energy, and housing infrastructure by 2024.
4. The development projects are divided into three sectors- road, railways, and port development accounting for 29%, 22%, and 23% respectively. Various infrastructure projects such as Yogyakarta- Bawen Toll Road, Riau Non- Toll Road Preservation, Development of metropolitan regions for Palembang, Banjarmasin, Makassar, and Denpasar.
5. The surge in commodities prices in the global market has positively impacted country’s mining industry. The demand for nickel, tin and coal rises in 2021 resulting in increase in nickel and coal mining projects in the country.
6. The rise in infrastructure development projects and the growth of mining industry due to spike in demand for nickel, tin and coal in global market are main drivers of demand for construction equipment in Indonesian market during the forecast period.
7. Caterpillar, PT. Kobelco Indonesia, PT. Komatsu Indonesia, Hitachi Construction Machinery holds more than 50% of market share in Indonesia.
Key Offerings:
• Market Size & Forecast by Volume | 2021−2028
• Market Size & Forecast by Revenue | 2021−2028
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation – A detailed analysis by type and application
• Competitive Landscape – 13 vendors are profiled in this report
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Indonesia Construction Equipment Market – Segmentation
• Earthmoving equipment captured major share in the overall Indonesia construction equipment market due to their extensive application in construction sites for performing excavation tasks and lifting heavyweights. The Indonesia earthmoving equipment market is projected to witness robust growth through 2028 owing to the growth in transportation sectors with increased government investments toward the development of highway, metro, and airport construction projects.
• Several road maintenance projects are planned in several provinces of the country by the government. Therefore, the demand for motor graders is expected to increase during the forecast period. The trans-Sumatra toll road project, the Yogyakarta-Bawen Toll Road project, and the Semarang-Demark Toll Road are some major road maintenance and development projects which are under progress in Indonesia.
• Local government investment spending, private investments, and ongoing infrastructure projects such as the development of metropolitan regions for Palembang, Banjarmasin, Makassar, and Denpasar are likely to influence the growth of construction equipment. Construction activities expect to grow due to increased investments in development projects.
Market Segmentation by Type
• Earth Moving Equipment
o Excavator
o Backhoe Loaders
o Motor Graders
o Other Earth Moving Equipment
• Road Construction Equipment
o Asphalt Paver
o Road Rollers
• Material Handling Equipment
• Crane
• Forklift
• Telescopic Handlers
• Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc)
Market Segmentation by Application
• Construction
• Manufacturing
• Mining
• Others
Indonesia Construction Equipment Market – Dynamics
Government investments in infrastructure development driving construction equipment demand. The Indonesian government aims to invest USD 430 billion in infrastructure development projects from 2021 to 2024. There is a 20% rise in infrastructure investments from the last investment plan in 2015–2020. The country’s infrastructure development projects are mostly in the transport sector. Investment projects are divided into three sectors – road, rail, and port development, accounting for 29%, 22%, and 23% respectively. The Trans-Sumatra toll road project is one of the largest projects worth USD 33.7 billion is in the progress. China supports a key project - Jakarta-Bandung high-speed railways. There are 83 PPP project plans for infrastructure developments, which include 50 projects in the transportation sector, including 13 ports and 15 railways projects. Asian Development Bank provided a loan of USD 100 million to the Indonesian government to support these projects. The rise in infrastructure development activities in Indonesia expects to drive the demand for construction equipment in the market.
Get your sample today! https://www.arizton.com/market-reports/indonesia-construction-equipment-market
Key Drivers and Trends fueling Market Growth:
• Increased Demand for Nickel & Tin in Global Market impacting Mining Industry in Indonesia
• Relaxations in FDI Investments in Telecom, Construction and Mining Sectors attracting Investments
• Surge in Equipment Financing Schemes by OEMs in Indonesia
• OEMs in Indonesia are Focusing on Innovations and Digitalization to Maintain Customer Loyalty and Tackle Competition from Chinese Manufacturers
Why Should You Buy This Research?
This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of:
• Volume (Unit sales)
o Type
o Application
• Value (USD)
o Type
o Application
• Gain competitive intelligence about the economic scenario, advantages in Indonesia countries major projects and investments, dynamics, and market share.
• Examples of the latest technologies.
• Get presentation-ready format and easy-to-interpret data.
• Enable decision-makers to make informed and profitable choices
• Gain expert quantitative and qualitative analysis on value/volume growth projections of the Indonesia construction equipment market share.
• Complete supply chain analysis
• Get COVID-19 impact analysis of the market
Major Vendors
• Caterpillar
• Kobelco
• Komatsu
• Kubota
• XCMG
• Zoomlion
• SANY
• Hyundai Construction Machinery
• Volvo Construction Equipment
• Hitachi Construction machinery
• Sumitomo
• JCB
• LiuGong
Get your sample today! https://www.arizton.com/market-reports/indonesia-construction-equipment-market
About Arizton:
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory and Intelligence
Mail: enquiry@arizton.com
Call: +1-312-235-2040
+1 302 469 0707
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