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The Indonesia Compact Construction Equipment Market to Reach 13,179 Units by 2029 - Arizton
Indonesia Compact Construction Equipment Market Research Report by Arizton
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The Indonesian government planned to invest in public housing projects in 2023. An investment of $2.7 billion is planned to be allocated from the upcoming national budget 2024 for constructing a new presidential office and a dozen apartment blocks for workers in Jakarta. In addition, the government also planned to allocate a $2.2 billion fund for public works and the housing sector for infrastructure & housing projects in the 2024 budget. The demand for compact excavators is expected to grow due to a surge in nickel and coal mining projects. In 2022, the Indonesian government started a new nickel smelter in the North Morowali region of Central Sulawesi. The smelter will produce 13 million tons of nickel ore annually. Investments are also directed toward the construction of businesses, a financial center for global research & development of emerging technology such as clean energy and 5G technology. The sales of compact excavators are expected to grow due to the rise in smart city projects in Bandung and Jakarta. In 2023, the Indonesian government plans to have 100 smart cities by 2045. This equipment can also operate in confined places efficiently, which makes it ideal for smart city projects.
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Indonesia Compact Construction 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
Restraints
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
Opportunities
Increase in Forestry Projects
Adoption of Digital Technologies
Surge in Nickel Mining Activities
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Market Segmentation
Type: Excavators, Backhoe Loaders, Wheeled Loaders, Track Loaders, Skid Steer Loaders, Telehandlers, Forklifts, Aerial Platforms, and Others
Application: Material Handling, Maintenance & Utility Works, Waste Management, and Other Applications
End Users: Construction, Mining, Warehouse & Logistics, and Other End Users
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, Yanmar, Liebherr, Sumitomo Construction Machinery, LiuGong, Takeuchi, Toyota Material Handling, Manitou, CNH Industrial, Wacker Neuson, Jining Maxpower Machinery Co., Ltd., XGMA, Sunward Equipment Group, Anhui Forklift Group (HELI), Hyster, and BYD
Distributor Profiles: PT Indotruck Utama, United Tractors, Multicrane Perkasa, PT. Airindo Sakti, PT. Badak Prima Lestari, PT. United Equipment, ALTRAK 1978, Traktor Nusantara and PT DSL Indonesia
Get the Detailed TOC @ https://www.arizton.com/market-reports/indonesia-compact-construction-equipment-market?details=tableOfContents
Key Questions Answered in the Report:
How big is the Indonesia compact construction equipment market?
What is the growth rate of the Indonesia compact construction equipment market?
Who are the key players in the Indonesia compact construction equipment market?
What are the trends in the Indonesia compact construction equipment market?
Which are the major distributor companies in the Indonesia compact construction equipment market?
About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. 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 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.
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