DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3rcr2z/mobile_crane) has announced the addition of the "Mobile Crane Market in Indonesia 2015-2019" report to their offering.
The analysts forecast the Mobile Crane market in Indonesia to grow at a CAGR of 19 percent over the period 2014-2019.
- Kobelco Construction Machinery
Other Prominent Vendors
- IHI Construction Machinery
- KATO Works
Commenting on the report, an analyst from the team said: The shift to crane rentals from crane purchase is one key trend upcoming in this market. Vendors are providing equipment on a rental basis because of the high cost of mobile cranes.
According to the report, one of the major drivers of this market is the rapid growth of the construction industry. There has been a significant rise in the number of construction projects in the country and this has escalated the demand for mobile cranes.
Further, the report states that the high costs of mobile cranes are one of the key challenges for the market. The manufacture of mobile cranes requires high initial investment. With the increase in the cost of raw materials, the manufacturing cost of mobile cranes has also increased, leading to a lowering of profit margins for manufacturers.
For more information visit http://www.researchandmarkets.com/research/3rcr2z/mobile_crane
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