Indonesia Crane Market (2020-2026) | Size, Share, Growth, Forecast, Revenue, Analysis, Outlook & COVID-19 IMPACT

Market Forecast By Types (Mobile Crane, Fixed Crane, Marine, and Offshore Crane), By Applications (Industrial Applications, Marine and offshore, Mining and Excavation, Construction), and Competitive Landscape

Product Code: ETC002229	Publication Date: Jul 2022	Updated Date: Aug 2023	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Indonesia Crane Market Shipment Analysis

Indonesia Crane Market registered a decline of -42.81% in value shipments in 2021 as compared to 2020 and a decrease of -19.4% CAGR in 2021 over a period of 2017. In Crane Market Indonesia is becoming less competitive as HHI index in 2021 was 5199 while in 2017 it was 4992. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.

Indonesia has reportedly relied more on imports to meet its growing demand in Crane Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Crane Market in 2021 was 9.64 while in 2017 it was 30.89. China, Japan, Singapore, Italy and Poland were among the top players of the market in 2021, where China acquired the largest market share of 70.34% with a shipment value of 57.56 million USD in 2022 China also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Crane Market. In 2017 China had the largest market share of 67.68% with the shipment value of 284.68 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although China offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Indonesia Crane Market in 2017.

Indonesia crane market report thoroughly covers the market by types, applications, and regions. Indonesia crane market outlook report provides an unbiased and detailed analysis of the ongoing Indonesia crane market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Indonesia Crane Market Synopsis

Indonesia crane market is likely to witness significant growth as a result of a rising number of infrastructural development projects, a growing number of housing construction schemes, and smart cities as well as increasing FDI in the country over the past few years. However, the Indonesia economy has witnessed a slowdown in the first three quarters of 2020, due to the outbreak of the COVID-19 pandemic. Though the economic scenario in Indonesia is expected to recover steadily in the next few years, the crane market in Indonesia is also likely to recover gradually over the years to come.

According to 6Wresearch, the Indonesia Crane Market size is likely to witness growth during 2020-2026. Increasing population coupled with rising disposable income is leading to the strengthening of the construction sector which is further propelling the Indonesia Crane Market Growth. Moreover, the extensive usage of cranes in various industries such as oil and gas, construction of smart projects and petrochemical is adding to the development of the industry.

This growth is primarily attributed to government initiatives toward the overall economic development in the country. For instance, the government has planned to commence 22 new infrastructure development projects under the National Strategic Projects (NSP) in 2020. These projects include the expansion of airports, rail and road networks, construction and expansion of highways, and building of affordable houses as well as power plants in the country. These initiatives will spur the demand for cranes in the country during the forecast period.

Market Analysis by crane type

In terms of crane type, the mobile crane segment dominates the overall Indonesia crane market due to rapidly growing construction projects in the country.

Market Analysis by application

Industrial and commercial application is the key revenue-generating segment in the Indonesia crane market. Further, tower cranes have witnessed huge growth as a result of growing infrastructure development projects in the country.

Key Highlights of the Report:

Indonesia Crane Market Overview
Indonesia Crane Market Outlook
Indonesia Crane Market Forecast
Historical Data of Indonesia Crane Market Revenues & Volume for the Period 2016-2019.
Indonesia Crane Market Size and Indonesia Crane Market Forecast of Revenues and Volume, Until 2026.
Historical Data of Indonesia Crane Market Revenues and Volume, By Applications, for the Period 2016-2019
Market Size & Forecast of Indonesia Crane Market Revenues and Volume, By Applications, Until 2026
Historical Data of Indonesia Crane Market Revenues and Volume, By Types, for the Period 2016-2019
Market Size & Forecast of Indonesia Crane Market Revenues and Volume, By Types, Until 2026
Historical Data of Indonesia Crane Market Revenues and Volume, By Regions, for the Period 2016-2019
Market Size & Forecast of Indonesia Crane Market Revenues and Volume, By Regions, Until 2026
Market Drivers and Restraints
Indonesia Crane Market Trends and Industry Life Cycle
Porter's Five Force Analysis
Market Opportunity Assessment
Indonesia Crane Market Share, By Players
Indonesia Crane Market Share, By Regions
Indonesia Crane Market Overview on Competitive Benchmarking
Company Profiles
Key Strategic Recommendations