Market Insights and Analysis: Southeast Asia Construction Equipment Rental Market Overview and Projections (2023-2028)
The Southeast Asia Construction Equipment Rental Market size was valued at 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.
Top leading companies in the Southeast Asia Construction Equipment Rental Market includes:
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, and Others.
Southeast Asia Construction Equipment Rental Market Drivers: 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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Report Segmentation:
The market is categorized into the following segments in the report:
By Type
-Earthmoving Equipment
–Excavator
–Loader
–Grader
–Bulldozer
-Material Handling Equipment
–Forklifts
–Cranes
-Road Building & Concrete
–Road Roller
–Paver
- 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
-Commercial & Retail (Hotels, Malls, Theatres, etc.)
-Healthcare
-Government & Infrastructure
-Industrial (Manufacturing Facilities, Power & Utilities, etc.)
-Others (Education Institutions, Religious Centres, etc.)
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Southeast Asia Construction Equipment Rental Market Geographic Reach:
The Geographic Reach of the Southeast Asia Construction Equipment Rental Market evaluates the spread and significance of Southeast Asia Construction Equipment Rental market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- Singapore
- Indonesia
- Malaysia
- Thailand
- Vietnam
- Philippines
- Rest of Southeast Asia
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