MarkNtel Advisors recently published a detailed industry analysis of the Southeast Asia Construction Equipment Rental Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Southeast Asia Construction Equipment Rental Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Southeast Asia Construction Equipment Rental Market is valued at around USD 1.21 billion in 2024 and is projected to grow at a CAGR of around 7.52% during the forecast period, i.e., 2023-28.
What are the major Driver the Southeast Asia Construction Equipment Rental industry?
Expanding Government Infrastructure Projects Across the Region – The rising government investments across the region to improve roads & transport infrastructures have been uplifting the demand for rental construction equipment during 2018-2022. The increasing support from the government of different countries, like Vietnam, Indonesia, Thailand, etc., for the construction of infrastructure projects & energy projects is required to upscale the country’s economy. For instance,
- In 2022, the Transport Ministry of Thailand announced an investment of around USD42.87 billion to complete nearly 37 infrastructure projects in the country.
The soaring investment by construction equipment selling & renting companies & their expansion across the region have been contributing to the Southeast Asia Construction Equipment Rental Market. Therefore, with the rising government investment & the uplifted construction projects across the region, the market demand for rental construction equipment is also anticipated to shoot up during the forecast period.
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What segments define the Southeast Asia Construction Equipment Rental Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Type
- Earthmoving Equipment – Market Size & Forecast 2018-2028, (USD Million)
- Excavator – Market Size & Forecast 2018-2028, (USD Million)
- Loader – Market Size & Forecast 2018-2028, (USD Million)
- Grader – Market Size & Forecast 2018-2028, (USD Million)
- Bulldozer – Market Size & Forecast 2018-2028, (USD Million)
- Material Handling Equipment – Market Size & Forecast 2018-2028, (USD Million)
- Forklifts – Market Size & Forecast 2018-2028, (USD Million)
- Cranes – Market Size & Forecast 2018-2028, (USD Million)
- Road Building & Concrete – Market Size & Forecast 2018-2028, (USD Million)
- Road Roller – Market Size & Forecast 2018-2028, (USD Million)
- Paver – Market Size & Forecast 2018-2028, (USD Million)
According to report, Earthmoving Equipment witnessed significant growth during 2018-22, majorly because of their versatile usage in earthworks, required during different construction projects in residential & commercial sectors.
By End Users
- Residential – Market Size & Forecast 2018-2028, (USD Million)
- Commercial & Retail (Hotels, Malls, Theatres, etc.) – Market Size & Forecast 2018-2028, (USD Million)
- Healthcare – Market Size & Forecast 2018-2028, (USD Million)
- Government & Infrastructure – Market Size & Forecast 2018-2028, (USD Million)
- Industrial (Manufacturing Facilities, Power & Utilities, etc.) – Market Size & Forecast 2018-2028, (USD Million)
- Others (Education Institutions, Religious Centres, etc.) – Market Size & Forecast 2018-2028, (USD Million)
According to report, The Residential Sector is anticipated to acquire the largest share of the Southeast Asia Construction Equipment Rental market during 2018-22.
Explore the Complete Southeast Asia Construction Equipment Rental Market Analysis Report – https://www.marknteladvisors.com/research-library/southeast-asia-construction-equipment-rental-market.html
Geographical Analysis: Southeast Asia Construction Equipment Rental Market
By Country
- Singapore
- Indonesia
- Malaysia
- Thailand
- Vietnam
- Philippines
- Rest of Southeast Asia
Southeast Asia Construction Equipment Rental Market Share & Competitive Landscape:
The Southeast Asia Construction Equipment Rental Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Southeast Asia Construction Equipment Rental Market are:
- Nishio Rentall
- Kanamoto Co., Ltd.
- Aktio Co., Ltd.
- Nikken Corporation
- Sumitomo Corporation
- PT Coates Indonesia
- Tat Hong
- Dingchang Group
- Ravago Equipment Rentals
- Sin Heng Heavy Machinery
- Guzent
- Chu Kai Co., Ltd
Questions Addressed in this Study
1.What factors are driving the Southeast Asia Construction Equipment Rental Market growth?
2.How is the Southeast Asia Construction Equipment Rental Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Southeast Asia Construction Equipment Rental Market?
4.What is the current size of the Southeast Asia Construction Equipment Rental Market, and how is it projected to change in the future?
6.What is the future outlook for the Southeast Asia Construction Equipment Rental Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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