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.

1. MARKET RESEARCH REPORT
UPDATED SAMPLE 2024-30
MARKNTEL ADVISORS
Southeast Asia Construction
Equipment Rental Market Research
Report: Forecast (2023-2028)

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4. Market Insights
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. The major factors responsible
for the market growth of construction equipment rentals
across the region are the rising construction of the
residential sector in countries like Indonesia, Malaysia, etc.
A rise in urbanization, coupled with population growth, has
led to a significant increase in residential construction in
these countries. The construction of several residential
projects that started in 2021, in Malaysia, such as Oakwood
Premier Kuala Lumpur, Merdeka 118, etc., has boosted the
requirement for construction equipment across the country.

5. 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

6. Market Segments
By Type (Earthmoving Equipment, Excavator, Loader, Grader,
Bulldozer), Material Handling Equipment, (Forklifts, Cranes), Road
Building & Concrete, (Road Roller, Paver)), 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.)), By Country
(Singapore, Indonesia, Malaysia, Thailand, Vietnam, Philippines,
Rest of Southeast Asia)

7. Top Companies
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.

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