Southeast Asia Construction Equipment Rental Market to Grow at 7.52% CAGR by 2028

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Southeast Asia Construction Equipment Rental Market, The Southeast Asia Construction Equipment Rental Market is projected to grow at a CAGR of around 7.52% during the forecast period, i.e., 2023-28. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight sustainable materials, rising demand for luxury customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Southeast Asia Construction Equipment Rental Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook Forecasts:

Forecast Period: 2023-2028
CAGR (2023-2028): 7.52%

Key Perks: “In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecasts for the years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.”

Request for a Free PDF Sample of the Report – https://www.marknteladvisors.com/query/request-sample/southeast-asia-construction-equipment-rental-market.html

Southeast Asia Construction Equipment Rental Market Segmentation Breakdown:

The Southeast Asia Construction Equipment Rental Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

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)

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)

The Residential Sector is anticipated to acquire the largest share of the Southeast Asia Construction Equipment Rental market during 2018-22.

Geographical Growth Insights:

By Country

Singapore
Indonesia
Malaysia
Thailand
Vietnam
Philippines
Rest of Southeast Asia

Thailand is anticipated to hold the major market share across the region during 2018-22.

MarkNtel Advisors Highlights Key Market Drivers for Southeast Asia Construction Equipment Rental Market:

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.

Explore More About This Research Report @ https://www.marknteladvisors.com/research-library/southeast-asia-construction-equipment-rental-market.html

A Comprehensive Analysis of Leading Companies in Southeast Asia Construction Equipment Rental Market

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
Others

Southeast Asia Construction Equipment Rental Market Opportunity:

Expansion of Crane Rental Services Across the Region – Southeast Asia is experiencing significant infrastructure development, including roads, bridges, ports, and urban projects in which cranes are essential for heavy lifting tasks in these projects. As construction activities increase, the requirement for crane rental services is likely to surge, creating opportunities for rental companies to meet this demand. The surging infrastructure development activities have been supported by the government, in line with its objective of developing countries across the region.

Moreover, better connectivity to brace the soaring incoming leisure tourism the government's aim to make the country a hotspot destination for healthcare tourism has been the main reasons for the investments in infrastructure development. Thus, to satiate the booming infrastructure development, primarily roads, highways, rail lines, airports, etc., a sudden increase in demand for cranes has been observed.

Owing to this, the requirement for cranes has increased many equipment rental companies have solely started offering cranes on hire, which is anticipated to increase the Southeast Asia Construction Equipment Rental Market growth during 2023-28.

“Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours”

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

Contact Our Analysts for Brochure Requests, Customization, or Any Pre-Purchase Inquiries: https://www.marknteladvisors.com/query/request-customization/southeast-asia-construction-equipment-rental-market.html

About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

More Research Studies:

The Saudi Arabia Construction Sealants Adhesives Market size was valued at USD3Billion in 2022 is estimated to grow at a CAGR of around 5.1% during the forecast period 2023-28, says MarkNtel Advisors.
Explore the Global Aseptic Packaging Market for Food Beverage, valued at USD 29,184.41million in 2024, expected to grow at a CAGR of 5.6% from 2024-2030. Rising demand for packaged food and innovative eco-friendly packaging solutions drive Market
Next-Generation Printing Ink Market size is valued at USD 6,457.8million in 2023 is projected to reach USD 9,456.5 million by 2030. with 5.6%. CAGR