Why Indonesia has huge potential for Bus, Coach and Truck Markets?
The Transformation of Public Transportation System in Indonesia
Massive and consistent infrastructure development is carried out by the Indonesian government to improve connectivity and ease of public mobility. To date, the total toll road construction has reached 2,042 km, while non-toll road construction 5,515 km. Massive road construction in Indonesia plays an important role in encouraging the improvement of national economy.
Indonesia Commercial Vehicle market is expected to grow at a steady CAGR during the forecast period, 2022-2026. The Central Statistics Agency (BPS) announced that Indonesian economic growth in the third quarter of 2022 reached 5,71% (yoy). Buses sector in Indonesia is projected to grow by 13.76% (2022-2026) with a market volume of US$ 361.40m in 2026. And Pickup truck market is projected to grow US$919.00 million in 2026.
Electric buses – operated in many cities in Indonesia
The government encourages to use electric vehicles in public transportation sector, in which the only one is electric bus. Electrification of mass transportation in Indonesia is targeted to be fully in operation by 2023. The government will focus on big cities to use electric buses.
Transjakarta targets the operation of 10,047 electric buses by 2030 with a plan that 50 percent of the buses currently operated will switch to electric buses by 2025 and all buses will be changed to electric buses by 2030.
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