Jakarta, Indonesia Shows Fast Growth in Construction Industry

Jakarta, Indonesia Shows Fast Growth in Construction Equipment Rentals Construction Industry The revenues of construction equipment market in Jakarta, Indonesia have grown at a healthy CAGR of 12.5%. Urbanization and commercialization have encouraged the INDONESIA- A Developing Nation development of construction projects which propelled the use of needed equipment. Analysts forecast the Construction Equipment market in Indonesia to grow at a CAGR of India and China were reported to be the leading countries in Asia in the construction industry for the last decade and were the only ones who can compete in the global 10% over the period of 2014 to 2018. market. However, Indonesia, one of the archipelagoes in the Asia-pacific region, had accelerated fast in the industry and had been acknowledged by analysts and marketers around the world. There are organizations in the country which prefer to use their own construction equipment but several SMES find it difficult to buy and maintain these construction materials because of its high cost and can only be used one-time. In addition, because of South East Asian countries have developed throughout the years and Indonesia is no the growing construction industry, competition among the owners grows fiercer and exception. Infrastructure industry is attracting investors all over the world due to the they are forced to innovate and add value-added services. As a solution to this, some construction materials vendors start to lease their equipment. Hence, some construction creation of housings, buildings, transportation facilities and commercial establishments in equipment vendors have started offering equipment such as excavators, wheel loaders, the country. Despite of economic fluctuations, political instability and riot within motor graders, crawler cranes, truck cranes, and truck mounted cranes on a rental basis. Indonesia, the country has managed to maintain and increase its infrastructure economy. This is largely due to the country's resources and manpower. The number of contractors This construction equipment rental in the country allows cost-driven organizations in classified as large rose from 695 to 1,742 between 2008 and 2013, while the number of developing countries to opt for the latest technology construction equipment at minimal cost, thereby improving their operational productivity. Thus, the option of renting medium-sized firms increased from around 10,000 to 21,000, and small-sized firms expanded in number from over 100,000 to 160,000. In 2014, the construction Industry construction equipment encourages customers to use a wide range of construction contributes 13% of the country's Gross Domestic Product (GDP). Heavy equipment such equipment. as cranes, tractors, bulldozers, concrete pumps, excavators, etc. are available with various brand selection in various construction companies.