Indonesia – your key to sales success.
“Demand of Steel Firms Find Strong Growth in Indonesia”
Indonesia has the fourth largest population in the world. Its economy is the 18th biggest in the world, is the largest in South East
Asia, and is projected to grow at over 5% annually for the following years.
Rising living standards, a rapidly expanding middle class, and increasing Government’s spending on infrastructure development
are accelerating the demand for steel and its allied industries.
The steel market demand in Indonesia is expected to reach a total of 16 million tons in 2016, and 20 million tons in 2020 and 30 million tons in 2030. This market has experienced a higher growth due to the increasing steel demand by the infrastructure sector, property, manufacturing and automotives.
With a huge population nearly to 260 million, high infrastructure spending and rapid urbanization, Indonesia is developing at an unprecedented rate. High promising econimic growth, and increasing demand for new and retrofit building offices and comercial buildings, the demand for lift & escalator products and tecnology is continue to growing.