The market is dominated by foreign suppliers, as imports account for 57.5% of total market size in 2021. B2B drives market demand, with B2B spending representing 72.1% of total demand in 2021. Indonesia has the fourth largest market size for industrial and laboratory furnaces regionally, with demand reaching USD1.1 billion in 2021. Win Electroindo Heat PT is the largest company in Indonesia, generating 0.8% of the industry’s total production value in 2021. The industry is fragmented, with the top three companies generating 1.3% of total production value in 2021. The total number of companies remains unchanged in 2021. The costs of the industry increase by 8% in 2021, largely driven by rising B2B costs. The industry’s profitability increases and stands at 23.9% of production value in 2021, the highest regionally. With production value of USD352 million, Indonesia accounts for 4.7% of the Asia Pacific total in 2021.
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This Euromonitor industrial report provides unique information on Industrial and Laboratory Furnaces in Indonesia: ISIC 2914. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial and Laboratory Furnaces in Indonesia: ISIC 2914 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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