February 08, 2022 16:06 ET | Source: Arizton Advisory and Intelligence Arizton Advisory and Intelligence
Chicago, Feb. 08, 2022 (GLOBE NEWSWIRE) -- The Indonesia construction equipment market by volume is expected to grow at a CAGR of over 7.13% during the period 2021−2028.
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Indonesia Construction Equipment Market – Segmentation
Indonesia Construction Equipment Market – Dynamics
Government investments in infrastructure development driving construction equipment demand. 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 is in the progress. China supports a key project - Jakarta-Bandung high-speed railways. There are 83 PPP project plans 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. The rise in infrastructure development activities in Indonesia expects to drive the demand for construction equipment in the market.
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