THE INDONESIA CONSTRUCTION EQUIPMENT RENTAL MARKET SIZE WAS VALUED AT USD 430 MILLION IN 2022 AND IS EXPECTED TO REACH USD 618.5 MILLION BY 2029, GROWING AT A CAGR OF 5.33% FROM 2022-2029.

The Indonesia Construction Equipment Rental Market Research Report Includes Segments By

  • Earthmoving Equipment: Excavator, Backhoe Loaders, Wheeled Loaders, and Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
  • Road Construction Equipment: Road Rollers and Asphalt Pavers
  • Material Handling Equipment: Crane, Forklift & Telescopic Handlers, and Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
  • Other Construction Equipment: Dumper, Tipper, Concrete Mixture, and Concrete Pump Truck
  • End Users: Construction, Mining, Warehouse & Logistics, and Others

The Industry Analysis Report Provides Industry Trends, Drivers, Opportunities, Competitive Outlook, Market Size, Sales, and Growth Forecast for 2023-2029

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INDONESIA CONSTRUCTION EQUIPMENT RENTAL MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (2029) USD 618.5 Million
MARKET SIZE (2022) USD 430 Million
CAGR (2022-2029) 5.33%
HISTORIC YEAR 2020-2021
BASE YEAR 2022
FORECAST YEAR 2023-2029
TYPE Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment, and Other Construction Equipment
END-USERS Construction, Mining, Logistics & Warehouse, and Others
KEY VENDORS Caterpillar, Komatsu, JCB, Volvo Construction Equipment, Hitachi Construction Machinery, Kubota, SANY, Xuzhou Construction Machinery Group Co. Ltd. (XCMG), and Kobelco

INDUSTRY OUTLOOK

The Indonesia construction equipment rental market is expected to reach USD 618.5 million by 2029, growing at a CAGR of 5.33%. 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 and is in progress. China supports a key project - Jakarta-Bandung high-speed railways. The surge in mining projects due to rising commodity prices in the global market prompts the government to invest in mining sectors. Growth in the mining industry is expected to drive the demand for renting large excavators in the Indonesia construction equipment rental market in 2023.

KEY HIGHLIGHTS

  • Earthmoving equipment accounted for the largest share of the Indonesia construction equipment rental market, around 45% in 2022. The excavator in the earthmoving segment accounted for the largest share of 71.8% in 2022. Rising investment in infrastructures, development of expressways, & mining projects in 2022 is expected to drive the demand for renting excavators.
  • In 2022, the Indonesian government increased the infrastructure development projects, including constructing airports, railways lines, roadways, highways & bridges across the country. The government invested USD 407 billion under Nation Strategic Plan; the fund was directed to 200 different PPP projects in 2022.
  • The demand for hydraulic excavators in the Indonesia construction equipment rental market is growing due to the rise in public infrastructure projects which include an extension of railways tracks, airports & renovation of bridges & highways across Indonesia in 2022. Several road construction & housing projects are progressing in different countries in the region in 2023.
  • Renting large excavators and dump trucks witnessed a sharp rise post-pandemic in 2021 due to rising mining activities nationwide. The growth in the mining industry is due to an increase in coal prices & surge in nickel extraction projects in Indonesia. The government's focus on increasing nickel production to fulfill local demand will positively impact the mining industry.
  • Japanese rental companies have a strong presence in the Indonesia construction equipment rental market. These companies are introducing digital transformation to enhance customer experience. Chinese construction equipment manufacturers like SANY, XCMG & others are popular with customers due to their low cost and equipment financing facilities. The demand for electric and automated equipment witnessed growth in the year 2022.

MARKET TRENDS & DRIVER

Rise in Infrastructure Investment
In 2022, the government invested in 83 PPP (Public Private Partnership) projects 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. In 2023, the Indonesian government planned 49 projects, 33 PPP projects, and 16 non-PPP projects. The 33 PPP projects include 18 Road Sector Projects, 4 Telecommunication Sector Projects, 1 Electricity Sector Project, 6 Water Supply Sector Projects, 3 Transportation Sector Projects, and 1 Energy Conservation Sector Project. A total investment value of more than USD 38.0 billion is planned to direct these infrastructure projects.

Government Investment Under National Strategic Projects
In 2022, the government introduced National Strategic Projects in Indonesia. The projects focus on increasing Indonesia's economic growth, improving community welfare, and increasing regional development. There are over 200 projects in National Strategic Projects ranging from toll road development and new airport construction to broadband enhancement coverage, worth nearly USD 500 billion. In 2022, the government planned to invest in the construction of 200 projects and ten programs of National Strategic Projects with an investment value of USD 407 billion, targeted for completion in the third quarter of 2024.

Japanese Rental Companies Focus on Digital Transformation
The level of competition among manufacturers in the Indonesian market is increasing due to the surge in Chinese heavy equipment, which is cheaper and has easy financing facilities. Chinese companies such as SANY, XCMG & Zoomlion partner with local distributors to provide rental services in the Indonesia construction equipment rental market at a lower price. Japanese rental companies such as AKTIO, Nikken, Kanamoto, and Nishio Rent All strongly influence Indonesia's construction equipment rental market. These rental companies have established operations across the region. These companies offer a wide range of products, from standard construction equipment rental and aerial platform forklifts, cranes, and other rental equipment.

INDUSTRY RESTRAINTS

Rising Building Material Prices Can Hamper the Construction Industry
Indonesia faces the challenge of a shortage of skilled labor force in 2023. The country needs ~113 million skilled workers by 2030 to achieve manufacturing, infrastructure, and agribusiness economic growth. The country depends on foreign & cheap laborers from Bangladesh, Nepal & India. These cheap foreign laborers employed in the Indonesian construction industry are known for taking little care of construction equipment when using them. According to Caterpillar Indonesia, improper handling of construction machinery is one of the major challenges for the Indonesia construction equipment rental market.

VENDOR LANDSCAPE

  • Prominent vendors in the Indonesia construction equipment rental market are Caterpillar, Volvo Construction Equipment, JCB, Komatsu, Hitachi Construction Machinery, Zoomlion, Kobelco, SANY, XCMG & Kubota.
  • Komatsu, SANY, Hitachi Construction Machinery, and Caterpillar & Volvo Construction Equipment are market leaders. They have a strong industry share, and these vendors offer diverse products in the Indonesia construction equipment rental market.
  • JCB and Kubota have low product diversification in the Indonesian region, with two products (excavators and cranes), and these companies focus on the Southeast Asian market.
  • Other prominent vendors in the Indonesia construction equipment rental industry are Hyundai Construction Equipment, Liebherr, Yanmar, & LiuGong.
  • In 2021, XCMG launched a different range of cranes, varying from 50 to 260 tons, in the regional market to cater to the need for high-construction and nickel mining projects.

Frequently Asked Questions

How big is the Indonesia construction equipment rental market?

The Indonesia construction equipment rental market size was valued at USD 430 million in 2022 and is expected to reach USD 618.5 million by 2029.

What is the growth rate of the Indonesia construction equipment rental market?

The Indonesia construction equipment rental market share is expected to grow at a CAGR of 5.33% from 2022-2029.

Which are the prominent rental companies in the Indonesia construction equipment rental market?

The prominent rental companies in the Indonesia construction equipment rental market are Aktio Corporation, Kanamoto, PT. Berlian Amal Perkasa Construction & Rental, Nishio, PT. Indonesia Classification Company, PT Kobexindo Tractors Tbk., and CV. Mitra Perdana Equipment (MPE).

What are the key trends in the Indonesia construction equipment rental industry?

Japanese rental companies focus on digital transformation, renting of electric & hydrogen fuel construction equipment, and the surge in renting of large excavators & dump trucks are key trends in the Indonesia construction equipment rental industry.

Who are the key players in the Indonesia construction equipment rental market?

Caterpillar, Komatsu, JCB, Volvo Construction Equipment, Hitachi Construction Machinery, Kubota, SANY, Xuzhou Construction Machinery Group Co. Ltd. (XCMG), and Kobelco are the key players in the Indonesia construction equipment rental market.

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The Indonesia construction equipment rental market size is expected to grow at a CAGR of approximately 5.33% from 2022 to 2029.

The following factors are likely to contribute to the growth of the Indonesia construction equipment rental market during the forecast period:

  • Rise In Infrastructure Investment
  • Government Investment Under National Strategic Projects
  • Growth In Mining Industry Will Drive Equipment Rental Market

Base Year: 2022

Forecast Year: 2023-2029

The report considers the present scenario of the Indonesia construction equipment rental market and its market dynamics for 2023−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Prominent Vendors

  • Caterpillar
  • Komatsu
  • JCB
  • Volvo Construction Equipment
  • Hitachi Construction Machinery
  • Kubota
  • SANY
  • Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
  • Kobelco

Other Prominent Vendors

  • Hyundai Construction Equipment
  • Liebherr
  • Liugong Machinery Co., Ltd.
  • Yanmar

Rental Companies Profile

  • Aktio Corporation
  • Kanamoto
  • PT. Berlian Amal Perkasa Construction & Rental
  • Nishio
  • PT. Indonesia Classification Company
  • PT Kobexindo Tractors Tbk.
  • CV. Mitra Perdana Equipment (MPE)

Segmentation by 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 Mixture
    • Concrete Pump Truck
  • End Users
    • Construction
    • Mining
    • Warehouse & Logistics
    • Others

Section 1 – Research Methodology

Section 2 – Research Objective
Section 3 – Research Process
Section 4 – Introduction
4.1 Market Coverage
4.2 Report Scope

Section 5 – Market at A Glance
5.1 Market Snapshot
Section 6 – Executive Summary
Section 7– Market Landscape
7.1 PESTEL Analysis
7.2 Economic Scenario
7.3 Market Dynamic
7.4 Key Economic Region
7.5 Rental Construction Equipment Circular Economy Model

7.6 Advantage of Rental Construction Equipment Over New Equipment
7.7 Parameter Required to Consider Before Renting Construction Equipment

Section 8– Segmentation
8.1 By Equipment Type
8.1.1 Equipment Definition (Earthmoving)
8.1.1.1 Earthmoving Equipment
8.1.1.2 Excavator
8.1.1.3 Backhoe Loader
8.1.1.4 Wheeled Loader
8.1.1.5 Other Earthmoving Equipment (Other Loaders, Bulldozers, Trenchers, etc.)

8.1.2 Equipment Definition (Road Construction)
8.1.2.1 Road Construction
8.1.2.2 Road Roller
8.1.2.3 Asphalt Paver

8.1.3 Equipment Definition
8.1.3.1 Material Handling Equipment
8.1.3.2 Cranes
8.1.3.3 Forklifts & Telehandlers
8.1.3.4 Aerial Platforms

8.1.4 Equipment Definition
8.1.4.1 Other Equipment
8.1.4.2 Dumpers
8.1.4.3 Tippers
8.1.4.4 Concrete Mixtures
8.1.4.5 Concrete Pump Trucks

8.2 By End-users
8.2.1 End-user Definition
8.2.2 Construction
8.2.3 Manufacturing
8.2.4 Mining
8.2.5 Others (Waste Management, Agriculture, Oil & Gas Extraction, Utilities & Energy, Power Generation, Disaster Management and Water Management)

Section 9– Geographical Analysis
Section 10– Technology Development
Section 11– Competitive Landscape
11.1 Competitive Landscape Overview
11.2 Vendors (Caterpillar | Volvo Construction Equipment| Komatsu | Hitachi Construction Machinery |Liebherr | JCB | Hyundai Construction Equipment | Liu Gong |Kobelco| Kubota| Zoomlion |Yanmar |SANY| XCMG)
11.3 Other Prominent Vendors
11.4 Rental Companies Profile

Section 12– Report Summary
12.1 Key Insights
12.2 Abbreviation
12.3 Exhibits
12.4 Related Report
12.5 Database
12.6 Global Reach
12.7 Offerings

Graph 1       CONSTRUCTION EQUIPMENT RENTAL MARKET, VALUE ($ MN)

Graph 2       CONSTRUCTION EQUIPMENT MARKET 2022 (%)

Graph 3       INCREMENTAL GROWTH BY EQUIPMENT TYPE 2022–2029 ($ MN)

Graph 4       CONSTRUCTION EQUIPMENT RENTAL MARKET VALUE BY END-USER INDUSTRIES 2022 (%SHARE)

Graph 5       INDONESIA CONSTRUCTION EQUIPMENT RENTAL MARKET, VALUE 2022–2029 ($ MN)

Graph 6       SHARE OF INFRASTRUCTURE PROJECTS IN INDONESIA (%) 2021

Graph 7       MINING INDUSTRY SUBSECTOR GROWTH IN 2022 (%)

Graph 8       RISE IN HOUSING PROJECT COST IN INDONESIA (%)

Graph 9       INDONESIA EARTHMOVING CONSTRUCTION EQUIPMENT RENTAL MARKET 2020–2029 ($ MN)

Graph 10     INDONESIA EXCAVATORS RENTAL MARKET 2020–2029 ($ MN)

Graph 11     INDONESIA BACKHOE LOADERS RENTAL MARKET 2020–2029 ($ MN)

Graph 12     INDONESIA WHEELED LOADERS RENTAL MARKET 2020–2029 ($ MN)

Graph 13     INDONESIA OTHER EARTHMOVING EQUIPMENT RENTAL MARKET 2020–2029 ($ MN)

Graph 14     INDONESIA ROAD ROLLERS RENTAL MARKET SIZE & FORECAST 2020–2029 ($ MN)

Graph 15     INDONESIA ROAD ROLLERS RENTAL MARKET SIZE & FORECAST 2020–2029 ($ MN)

Graph 16     INDONESIA ASPHALT PAVERS RENTAL MARKET SIZE & FORECAST 2020–2029 ($ MN)

Graph 17     INDONESIA MATERIAL HANDLING EQUIPMENT RENTAL MARKET  2020–2029 ($ MN)

Graph 18     INDONESIA CRANES RENTAL MARKET VALUE 2020–2029 ($ MN)

Graph 19     INDONESIA FORKLIFT AND TELESCOPIC HANDLERS' RENTAL MARKET SIZE & FORECAST 2020-2029 ($ MN)

Graph 20     INDONESIA AERIAL PLATFORMS RENTAL MARKET SIZE & FORECAST 2020–2029 ($ MN)

Graph 21     INDONESIA OTHER CONSTRUCTION EQUIPMENT RENTAL MARKET 2020–2029 ($ MN)

Graph 22     INDONESIA DUMPER RENTAL MARKET 2020–2029 ($ MN)

Graph 23     INDONESIA TIPPER RENTAL MARKET 2020–2029 ($ MN)

Graph 24     INDONESIA CONCRETE MIXTURE RENTAL MARKET 2020–2029 ($ MN)

Graph 25     INDONESIA CONCRETE PUMP TRUCK RENTAL MARKET 2020–2029 ($ MN)

Graph 26     INDONESIA CONSTRUCTION EQUIPMENT RENTAL MARKET 2020–2029 ($ MN)

Graph 27     INDONESIA LOGISTICS & WAREHOUSE CONSTRUCTION EQUIPMENT RENTAL MARKET 2020-2029 ($ MN)

Graph 28     INDONESIA MINING CONSTRUCTION EQUIPMENT RENTAL MARKET 2020–2029 ($ MN)

Graph 29     INDONESIA OTHERS CONSTRUCTION EQUIPMENT RENTAL MARKET 2020–2029 ($ MN)

Graph 30     MARKET SHARE OF TOP VENDORS VS OTHERS (2021)

Graph 31     KOMATSU: SALES BY REGION IN 2021(% SHARE)

Graph 32     KOMATSU: BREAKDOWN OF NET SALES BY BUSINESS SEGMENT 2021 (% SHARE)

Graph 33     VOLVO: NET SALES BY REGION 2021 (% SHARE)

Graph 34     VOLVO: NET SALES BY SEGMENT 2021(% SHARE)

Graph 35     LIEBHERR: SALES BY REGION 2021 (% SHARE)

Graph 36     LIEBHERR: SALES BY PRODUCT SEGMENT 2021 (% SHARE)

 

List of Tables

Table 1        INFRASTRUCTURE CONSTRUCTION IN INDONESIA IN 2022

Table 2        TOTAL INCREMENTAL OPPORTUNITY, 2022–2029 (BY TYPE)

Table 3        TOTAL INCREMENTAL OPPORTUNITY, 2022–2029 (BY END-USER)

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