London, 12 March 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Mobile Crane Market in Indonesia 2015-2019, which is expected to grow at a CAGR of 19 percent during the forecast period of 2014-2019.
The immense growth of the Mobile Crane market in Indonesia can be accredited to the enormous investment in the Infrastructure and non-residential construction sector in the country.
The Mobile Crane market in Indonesia is overpowered by original equipment manufacturers such as Terex and IHI. These global mobile crane manufacturers have entered into joint ventures with local equipment service providers in Indonesia to expand their footprint in the country.
“With the increased adoption of sustainable practices by construction companies in Indonesia, construction companies are focused on acquiring energy-efficiency certifications for their projects,” says Faisal Ghaus, Vice President of TechNavio.
“As mobile cranes are one of the most widely used types of equipment in the Construction industry, OEMs are focusing on developing energy-efficient mobile cranes with minimal emissions.”
Key Market Drivers
- Rapid Growth of Construction Industry
- Joint Ventures between Global and Local Vendors
- Need to Replace Old Mobile Cranes
Key Market Trends
- Shift toward Crane Rentals
- Rise in Demand for Energy-efficient Mobile Cranes
- Increased Demand for Truck-mounted Mobile Cranes
Key Market Vendors
- Kobelco Construction Machinery Co. Ltd.
- TADANO Ltd.
- Terex Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
