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2. Mining boom driving high sales in Indonesia

High global demand for commodities saw sales of construction equipment in Indonesia reach a record level of almost 25,000 units in 2022, according to Off-Highway Research’s new report, The Construction Equipment Industry in Indonesia. Having fallen back in 2023 and 2024, further growth is expected for the rest of the decade, following this year’s presidential election.

Although coal and nickel mining were the key drivers of the boom during the pandemic – mining accounted for 42 per cent of equipment sales by volume in 2022 - there remains a huge demand for infrastructure investment in Indonesia.

Ongoing major infrastructure projects such as the construction of the country’s new capital city in Kalimantan, together with burgeoning demand for Indonesia’s rich diversity of revenue generating mineral commodities, will also contribute significantly to a positive outlook for the heavy equipment sector.

The conclusion of presidential elections in 2024 will result in a clearer government investment strategy which, together with a growing and resilient economy, should help to sustain the market for all types of earthmoving equipment during the medium to long term.

At more some 200 pages, The Construction Equipment Industry in Indonesia is believed to be the most detailed and extensive report ever published on the country’s industry. It covers the market development and provides a forecast for the mainstream earthmoving, compact, road building and lifting machine types. Profiles of the country’s major equipment producers and distributors are also included.

The report is now available to buy online here, or contact [email protected] for more details.