Based on the data from 2013 to 2028, the production of buses and coaches in Indonesia has experienced significant volatility. In 2023, production stood at 2.0 thousand units. Between 2013 and 2017, the market saw a sharp decline, with the biggest drop in 2017 (-46.53%). Recovery attempts were inconsistent, with notable fluctuations including a significant rebound in 2016 (+23.13%) and a stark fall during the COVID-19 pandemic in 2020 (-36.61%) and 2021 (-35.55%). Over the last two years (2022-2023), production began to stabilize, showing minor variations (-2.3%) with an emerging positive trend. The average annual decrease over the previous 5 years was approximately -10.39%.
The forecast from 2024 to 2028 suggests a slight recovery with a compound annual growth rate (CAGR) of 1.5%, indicating cautiously optimistic growth. The projected 5-year growth rate is around 7.75%, forecasting moderate but promising improvements in the industry.
Trends to watch for in the future include potential market shifts due to advancements in electric and autonomous vehicle technologies, government policies promoting renewable energy, and economic factors influencing public transportation demand. Additionally, the impact of infrastructure developments and urbanization in Indonesia will play a crucial role in shaping the industry’s trajectory.
