Indonesia Cranes Market Outlook (2023-2029) | COVID-19 IMPACT, Growth, Share, Trends, Companies, Analysis, Value, Revenue, Industry, Size & Forecast

Indonesia Cranes Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Japan. It has registered a decline of -38.05% over the previous year. While Japan registered a decline of -10.61% as compare to the previous year. In the year 2017 China was the largest exporter followed by Germany. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Indonesia has the Herfindahl index of 4237 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 5199 which signifies high concentration in the market.

Indonesia Cranes Market - Export Market Opportunities

Topics Covered in Indonesia Cranes Market Report

Indonesia Cranes Market report thoroughly covers the market by product type, and end-user. The market report provides an unbiased and detailed analysis of the on-going 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 Cranes Market Synopsis

Indonesia Cranes Market is estimated to grow significantly over the forecast period due to the rising construction sector and infrastructure development projects in Indonesia. Cranes in both construction and infrastructure development projects play a crucial role which is stimulating their demand.

According to 6Wresearch, Indonesia Cranes Market size is expected to rise majorly during 2023–2029. There is no doubt that Indonesia is one of the fastest and largest growing economies in Asia with a major demand for construction and infrastructure projects. In the successful operation of construction and infrastructure development projects cranes are very crucial and this factor stimulates the Indonesia Cranes Market Growth. The government of the country has been concerning on enhancing the infrastructure of the nation which include airports, ports, bridges, and roads. These infrastructure projects need the use of many kinds of cranes for maintenance and construction purposes. Rising population and urbanization have also stimulated the progression of this market in Indonesia. Urban development projects and high-rise buildings need cranes for installation and construction. The nation is rich in natural resources, including minerals, coals, and oil. The mining and energy industry often need cranes for material handling, maintenance, and equipment installation in mining sites as well as power plants. A number of construction companies as well as contractors prefer to rent cranes instead of investing in new equipment and this creates opportunities for crane rental players. Indonesia Crane Market Share is estimated to rise in the upcoming years.

COVID-19 Impact on Indonesia Cranes Market

The coronavirus pandemic had a major impact on many sectors across the world, including the Indonesia Cranes Industry. There was a slowdown in construction projects owing to restriction on movement, labor shortages, and supply chain disruptions. The slowdown in construction activities impacted the demand for cranes since fewer projects were completed or initiated. The cranes industry high depends on complex supply chains including parts and components from many nations. The pandemic also induced disruptions in international trade as well as logistics, including restrictions on border closures and transportations, affected the availability of these cranes and components in the nation. The uncertain economic conditions which were caused by the coronavirus pandemic led to decreased investment in construction and infrastructure projects.

Indonesia Cranes Industry: Key Players

A number of local and international players operate in this market and some of the essential players are:

• PT United Tractors Tbk (Indonesia)
• PT Traktor Nusantara (Indonesia)
• PT KARYA TEHNIK UTAMA (Indonesia)
• Terex Corporation (United States)
• Liebherr Group (Switzerland)
• Tadano Ltd. (Japan)
• Zoomlion Heavy Industry Science and Technology Co., Ltd. (China)
• Kobelco Construction Machinery Co., Ltd. (Japan)
• These players in the market provide a wide range of cranes, including crawler cranes, tower cranes, mobile cranes, and rough terrain cranes in order to cater to the diverse requirements of the Indonesian market.

Future of the Indonesia Cranes Market

The market is likely to rise higher in the coming years since a number of factors have been boosting the market growth. The country’s government has been concerning on enhancing the infrastructure of the nation which include airports, ports, bridges, and roads. In the successful operation of construction as well as infrastructure development projects cranes are significant and this factor fuels the growth of this market. The players operating in the market also play a huge role in the future success of the market since they come up with the strategies that help in delivering the better products to consumer industries.

Market by Product Type

According to Sachin, Senior Research Analyst, 6Wresearch, it is the mobile cranes segment which will propel in the future as the demand for this segment is rising and is anticipated to rise more in the future.

Market by End-User

On the basis of end-user, the market is segregated into industrial, mining, oil & gas, construction, and others. The construction end-user segment will grow in the coming years.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Indonesia Cranes Market Outlook
• Market Size of Indonesia Cranes Market, 2022
• Forecast of Indonesia Cranes Market, 2029
• Historical Data and Forecast of Indonesia Cranes Revenues & Volume for the Period 2019 - 2029
• Indonesia Cranes Market Trend Evolution
• Indonesia Cranes Market Drivers and Challenges
• Indonesia Cranes Price Trends
• Indonesia Cranes Porter's Five Forces
• Indonesia Cranes Industry Life Cycle
• Historical Data and Forecast of Indonesia Cranes Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Cranes Market Revenues & Volume By Mobile for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Cranes Market Revenues & Volume By Fixed for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Cranes Market Revenues & Volume By Marine for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Cranes Market Revenues & Volume By End-User for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Cranes Market Revenues & Volume By Construction for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Cranes Market Revenues & Volume By Mining for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Cranes Market Revenues & Volume By Industrial for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Cranes Market Revenues & Volume By Oil & Gas for the Period 2019 - 2029
• Historical Data and Forecast of Indonesia Cranes Market Revenues & Volume By Others for the Period 2019 - 2029
• Indonesia Cranes Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By End-User
• Indonesia Cranes Top Companies Market Share
• Indonesia Cranes Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Cranes Company Profiles
• Indonesia Cranes Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

• Mobile
• Fixed
• Marine

By End-User

• Construction
• Mining
• Industrial
• Oil & Gas
• Others