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.
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Indonesia Construction Equipment Market Research Report by Arizton
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
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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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