Indonesia Construction Equipment Market Future Growth Led by Inclining Contribution of Earthmoving and Tunneling Equipments Sales: Ken research
The construction equipment industry has showcased a stupendous progress over the period of 2006-2012. The growth of the construction equipment market in Indonesia has been driven by a number of factors. The increasing demand for the residential buildings augmented by growing population has been a major growth driver for the revenues of the construction equipment industry. This boom in realty sector has hugely impelled the demand for concrete and building construction equipments. Equipments such as excavators, dumper trucks, bulldozers, loaders, construction trucks are amongst the chief equipments in earthmoving category. These equipments contribute the largest proportion of market revenues of the overall construction equipment market. In 2012, earthmoving and tunneling equipment market witnessed a stupendous growth of 2.6% in its revenues compared to the preceding year. Increasing urbanization and commercialization in the country has encouraged the development of construction projects which propelled the demand for earthmoving and tunneling equipments in the country. The growing traction of leading international OEMs further fuelled the construction market’s healthy growth, thereby impelling the demand for construction equipment market in Indonesia. The revenues of construction equipment market in Indonesia has grown at a healthy CAGR of 12.5% from USD 2,074.8 million in 2006 to USD ~ million in 2012. According to the research report “Indonesia Construction Equipment Industry Outlook to 2017 – Hydraulic Excavators and Earthmoving Equipments Gaining Traction” by Ken Research, the Indonesia construction equipment market would grow at a considerable CAGR, exceeding USD 7,254.5 million by 2017 due to unprecedented growth in Indonesia realty and construction sectors. Indonesia construction equipments market features a highly concentrated landscape, with market shares being majorly distributed amongst five leading players that held a 93.3% share of the total construction equipment market revenues in 2012. The market is marked by the presence of the several international players such as Caterpillar, Komatsu Limited, Kobelco Inc. and others The report provides detailed overview on the construction equipment market across the geography of Indonesia and aids the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, construction equipment manufacturers, building contractors and other stakeholders align their market centric strategies according to ongoing and expected trends in future.
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