A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Southeast Asia Construction Equipment Rental Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Southeast Asia Construction Equipment Rental Market Definition:

Construction equipment renting refers to renting heavy equipment, like hydraulic cranes, overhead cranes, rough terrain cranes, telescopic cranes, tower cranes, etc., at construction sites.

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Southeast Asia Construction Equipment Rental 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.

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.

Southeast Asia Construction Equipment Rental Market Leading Key Players:

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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Southeast Asia Construction Equipment Rental Market Segmentation:

Based on 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)

Based on 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)

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Southeast Asia Construction Equipment Rental Market Geographical Analysis

By Region

- Singapore

- Indonesia

- Malaysia

- Thailand

- Vietnam

- Philippines

- Rest of Southeast Asia

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