Market Size of Indonesia Box Truck Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Indonesia Box Truck Market Analysis
Indonesia's box truck market was valued at USD 2.0 billion in the current year and is projected to grow to USD 3.0 Billion in the next five years, registering a CAGR of 3.2% in revenue during the forecast period.
- The COVID-19 pandemic impacted the market, so box truck sales fell during the pandemic. The preference for self- and individual mobility and social distancing norms drove down public transportation. However, rapid urbanization and the need for mass material movement have improved the market conditions in the post-pandemic period.
- Over the medium term, growing e-commerce and logistics sectors across the country will likely increase the demand for box trucks for transportation purposes. Factors like increasing regulations on vehicle emissions, advancement in vehicle safety, the introduction of driver-assist systems in vehicles, and rapidly growing logistics in the retail and e-commerce sectors have been significantly driving the demand for new and advanced box trucks during the forecast period.
- Box trucks are in significant demand for residential applications such as transportation, boxes, furniture, and fragile goods. This is likely to witness substantial growth for the market during the forecast period.
- With the growing consumer trend toward one-day delivery across the country, the demand for box trucks is also rising. Box trucks often transport packages from one warehouse to another, where the parcels can then be loaded into delivery vans, which is anticipated to enhance the demand for box trucks during the forecast period.
