Axis Capital Group Singapore Forum Jakarta, Indonesia Shows Fast ..
Jakarta, Indonesia Shows Fast Growth8 Years AgoINDONESIA- A Developing Nation India and China were reported to
be the leading countries in Asia in the construction industry for the
last decade and were the only ones who can compete in the global market.
However, Indonesia, one of the archipelagoes in the Asia-pacific
region, had accelerated fast in the industry and had been acknowledged
by analysts and marketers around the world. South East Asian
countries have developed throughout the years and Indonesia is no
exception. Infrastructure industry is attracting investors all over the
world due to the creation of housings, buildings, transportation
facilities and commercial establishments in the country. Despite of
economic fluctuations, political instability and riot within Indonesia,
the country has managed to maintain and increase its infrastructure
economy. This is largely due to the country’s resources and manpower.
The number of contractors classified as large rose from 695 to 1,742
between 2008 and 2013, while the number of medium-sized firms increased
from around 10,000 to 21,000, and small-sized firms expanded in number
from over 100,000 to 160,000. In 2014, the construction Industry
contributes 13% of the country’s Gross Domestic Product (GDP). Heavy
equipment such as cranes, tractors, bulldozers, concrete pumps,
excavators, etc. are available with various brand selection in various
construction companies. Construction Equipment Rentals The
revenues of construction equipment market in Jakarta, Indonesia have
grown at a healthy CAGR of 12.5%. Urbanization and commercialization
have encouraged the development of construction projects which propelled
the use of needed equipments. Analysts forecast the Construction
Equipment market in Indonesia to grow at a CAGR of 10% over the period
of 2014 to 2018. There are organizations in the country which
prefer to use their own construction equipments but several SMEs find it
difficult to buy and maintain these construction materials because of
its high cost and can only be used one-time. In addition, because of the
growing construction industry, competition among the owners grows
fiercer and they are forced to innovate and add value-added services. As
a solution to this, some construction materials vendors start to lease
their equipment. Hence, some construction equipment vendors have started
offering equipment such as excavators, wheel loaders, motor graders,
crawler cranes, truck cranes, and truck mounted cranes on a rental
basis. This construction equipment rental in the country allows
cost-driven organizations in developing countries to opt for the latest
technology construction equipment at minimal cost, thereby improving
their operational productivity. Thus, the option of renting construction
equipment encourages customers to use a wide range of construction
equipment. About Axis Capital Group Axis Capital Group
specializes in construction equipment rental and sales from cranes to
excavators and related heavy construction equipment throughout Southeast
Asia. The company is a multi-line dealership that is committed in
assisting you in finding the products that will meet your job
requirements. |