London, 02 January 2015– The rapid growth of the construction industry has resulted in the evolution of the Excavator Market in Indonesia, which is expected to post a CAGR of 11.30 percent from 2014-2018, says research firm TechNavio.
About the Report
The latest report from TechNavio emphasizes increasing equipment rentals as a major growth contributor in the market. Equipment rentals have become an attractive option for many construction companies, especially SMEs, as they face major budget constraints in the ownership of excavators.
“Manufacturers like Caterpillar have started providing their equipment on a rental basis to contractors and construction companies, which allows these companies to use equipment without a huge initial investment,” says Faisal Ghaus, Vice President of TechNavio.
Additionally, the increased adoption of sustainable development practices by construction companies in Indonesia has encouraged organizations to focus on achieving energy-efficiency certifications for their projects. To acquire these certifications, companies need to minimize emissions and pollution throughout the lifecycle of the project, which has led to a significant rise in demand for energy-efficient equipment in Indonesia.
“Excavators are one of the most widely used pieces of equipment in the construction industry, and OEMs are focusing on developing excavators that can function with maximum efficiency and minimum fuel-consumption and emissions,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Rapid Growth of Construction Industry
- For a full detailed list, view our report.
Market Challenges:
- High Price of Excavators
- For a full detailed list, view our report.
Market Trends:
- Growth of Equipment Rental Business
- For a full detailed list, view our report.
Key Vendors:
- Caterpillar Inc.
- Hitachi Construction Machinery Co.
- Kobelco Construction Machinery Co. Ltd.
- Komatsu Ltd.
Other Prominent Vendors:
- J.C. Bamford Excavators
- Liebherr Group
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
