Solidiance predicts the compound annual growth rate (CAGR) of Indonesia's crane market to reach 6.2% from the period 2017 (USD 425 million in value) and 2022 (USD 574 million in value). Although the crane market in 2014-2017 grew at a slow pace driven by the construction and oil and gas sectors, the market is quickly recovering. In 2018, prices of premium export commodities such as coal and crude oil rose sharply, creating a bigger demand for crane rental.


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