DUBLIN, January 27, 2022--(BUSINESS WIRE)--The "Indonesia Construction Equipment Market - Strategic Assessment & Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.
Indonesia construction equipment market size will be valued at USD 5,082 million and to reach a volume of 35,803 units by 2028, growing at a compound annual growth rate (CAGR) of 6.52% by volume during 2022-2028.
The surge in commodities prices in the global market has positively impacted the 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.
Therefore, the rise in infrastructure development projects and the growth of mining industry due to surges in demand nickel, tin and coal in the market is expected to drive the demand for constriction equipment in Indonesian market during the forecast period.
INDONESIA CONSTRUCTION EQUIPMENT MARKET INSIGHTS
Indonesia is one of the largest economies among South Asian Countries. Construction, mining, and manufacturing industries are the major contributors to the Indonesian GDP. The country has witnessed an increase in the FDI inflow in recent years, which accelerates the market growth.
In 2021, the government increased infrastructure development projects such as the development of 25 new airports and renewable energy power generation projects, along with mass transit projects that can tap the Indonesia construction equipment market growth.
KEY HIGHLIGHTS IN THE REPORT
OEMs In Indonesia are focusing on innovation and digital technology to maintain customer loyalty for tackling Chinese manufacturer competition, thereby boosting OEMs' confidence in the construction equipment market.
Indonesia increases investment opportunities by allowing the FDI inflow in the country's major sectors. The country eases restrictions from telecom, construction, airports, seaports, power, and mining sectors, eventually driving the market for the construction equipment market
Indonesia is the major copper, coal, tin, and nickel producer. Thereby, the growing demand for tin and nickel metals in the global market expects to offer tremendous opportunities to the Indonesian mining market.
INDONESIA CONSTRUCTION EQUIPMENT MARKET SEGMENTATION
Earthmoving equipment captured a major share in the overall Indonesia construction equipment market due to their extensive application in construction sites for excavation tasks and heavy lifting.
The Indonesia earthmoving equipment market is projected to witness robust growth through 2028 due to the transportation sector growth with increased government investments toward highway, metro, and airports construction projects.
Backhoe loaders have a prominent share in the earthmoving segment in Indonesia. Small-scale construction and redevelopment projects in the region expect an increase in the demand for backhoe loaders during the forecast period.
Komatsu & Caterpillar accounted for a significant share of the overall construction equipment market in the Indonesian Construction equipment market. Also, both the company has a strong distribution network and experience of more than 30 years in the region they provide a wide range of construction equipment products in the Indonesian market.
Komatsu, Caterpillar, Kobelco, Hitachi, and Hyundai are the major OEMs in the country. These OEMs have their manufacturing plant in the country. Chinese OEMs such as SANY, XCMG, and Zoomlion are trying to capture the market. These companies have their assembly plant in Indonesia, which fuels OEMs' growth in the construction equipment market.
Market Segmentation by Type
Earth Moving Equipment
Other Earth Moving Equipment
Road Construction Equipment
Material Handling Equipment
Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc)
Market Segmentation by Application
Hyundai Construction Machinery
Volvo Construction Equipment
Hitachi Construction machinery
WHY SHOULD YOU BUY THIS REPORT?
This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of:
Volume (Unit sales)
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
Company Profile of 13 prominent vendors.
Key Topics Covered:
Section 1 - Introduction
Section 2 - The Market Overview
Section 3 - Indonesia Construction Equipment (Type & Application)
Section 4: Technology Development
Advent of Technology
Section 5: Market Dynamics
Market Drivers, Restraints, Trends, Key Economic Regions in Indonesia, Advantage Indonesia, FDI in Indonesia, Import/Export Trend Analysis, Supply chain. COVID-19 Impact
Section 6 - Competitive Landscape
Competitive Landscape Overview
Major Vendors (Caterpillar, PT. Kobelco Indonesia, PT. Komatsu Indonesia, Kubota, XCMG, Zoomlion, SANY, Hyundai Construction Machinery, Volvo Construction Equipment, Hitachi Construction Machinery, Sumitomo, JCB, LiuGong)
Section 7 - Report Summary
List of Exhibits
Section 8 - Report Scope & Definition
For more information about this report visit https://www.researchandmarkets.com/r/ov9nb9
View source version on businesswire.com: https://www.businesswire.com/news/home/20220127005530/en/
Laura Wood, Senior Press Manager
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