Southeast Asia Construction Equipment Rental Market Growth, Key Trends & Factor Driving Industry Till 2028

Press Release Feb 6, 2025 5 Add to Reading List

The Southeast Asia Construction Equipment Rental Market is poised for significant expansion, forecasted to reach approximately USD 1.21 billion by 2024, growing at a Compound Annual Growth Rate (CAGR) of 7.52% during the period from 2023 to 2028. This robust growth is driven by the increasing demand for construction activities across the region, particularly in residential, commercial, and infrastructure sectors.

Scope of the Report

The comprehensive report provides an in-depth analysis of the Southeast Asia Construction Equipment Rental Market, detailing market dynamics, competitive landscape, and detailed segmentation. Spanning various types of equipment rentals—including earthmoving equipment, material handling equipment, and road construction equipment—the report also covers end-users ranging from residential projects to commercial retail developments. Additionally, the market is segmented by region, spotlighting key countries such as Singapore, Indonesia, Malaysia, Thailand, Vietnam, the Philippines, and the rest of Southeast Asia.

In case you missed it, we are currently revising our reports. Click on “Download Free Sample of the Report” text to get the latest research data with forecast for 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.

Segmentation Overview of the Southeast Asia Construction Equipment Rental Market

The Southeast Asia Construction Equipment Rental Market can be segmented as follows:

By Type:

Earthmoving Equipment (e.g., Excavator, Loader, Grader, Bulldozer)
Material Handling Equipment (e.g., Forklifts, Cranes)
Road Building & Concrete Equipment (e.g., 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. Earthmoving equipment is primarily employed at construction sites for moving & digging a large amount of earth to establish foundations for large buildings.

By End-Use:

Residential
Commercial & Retail (Hotels, Malls, Theatres, etc.)
Healthcare
Government & Infrastructure
Industrial (Manufacturing Facilities, Power & Utilities)
Others (Education Institutions, Religious Centres, etc.)

By Region:

Singapore
Indonesia
Malaysia
Thailand
Vietnam
Philippines
Rest of Southeast Asia

View Full Report - https://www.marknteladvisors.com/research-library/southeast-asia-construction-equipment-rental-market.html

Drivers of the Southeast Asia Construction Equipment Rental Market Growth

Several key drivers are influencing the growth of the Southeast Asia Construction Equipment Rental Market. The region is witnessing a surge in government investments aimed at enhancing infrastructure. Countries like Thailand and Indonesia are reportedly increasing their financial commitments to improve roads, transport infrastructure, and public facilities. For instance, the Transport Ministry of Thailand allocated approximately USD 42.87 billion in 2022 for nearly 37 major infrastructure projects. This trend is supported by rapid urbanization, population growth, and an expanding young workforce that is fueling demand for residential and commercial projects. The preference among contractors for rental over ownership due to high costs associated with equipment maintenance further enhances the market outlook. As infrastructure initiatives accelerate, equipment rental services, especially for cranes and earthmoving machinery, are increasingly becoming a vital element in project execution.

List of Major Market Competitors in the Southeast Asia Construction Equipment Rental Market

In the competitive landscape of the Southeast Asia Construction Equipment Rental Market, several key players have emerged. These include:

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.

Questions to Consider Regarding the Southeast Asia Construction Equipment Rental Market

What technological advancements are most impactful in the Southeast Asia construction equipment rental industry?
How do rental rates fluctuate, and what impact does this have on market competitors?
Which countries within Southeast Asia exhibit the highest demand for construction equipment rentals?
How significant is public-private partnership investment in facilitating construction projects in the region?
What trends are driving the transition from ownership to rental models among contractors in Southeast Asia?

Click to Connect With Our Analyst - https://www.marknteladvisors.com/query/talk-to-our-consultant/southeast-asia-construction-equipment-rental-market.html

Need additional assistance?

Looking for more assistance? Connect with our experienced analysts for insights into current market trends.
Customize your report by adding specific segments and countries to meet your needs. Gain a significant competitive edge by learning how to leverage these insights to enhance your operations and boost revenue.
For further support, don’t hesitate to reach out to our analysts.

*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address

Other Report:

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.

For Media Inquiries, Please Contact:

Phone: +1 628 895 8081 | +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India