Forecast: Trucks Production in Indonesia

Truck production in Indonesia showed a volatile trend from 2013 to 2023. From a peak in 2013, production saw major declines in 2015 and 2016, followed by a rebound in 2017 and 2018. The COVID-19 pandemic caused a significant drop of 54.9% in 2020. However, production rebounded with a 76.38% increase in 2021 and continued rising in 2022. In 2023, the production stood at 90.65 thousand units, reflecting a slight decrease of 3.23% from the previous year.

Future forecasts indicate a steady growth in truck production over the next five years with the CAGR projected at 2.91%, reaching 108.93 thousand units by 2028, marking a cumulative growth of 15.41% from 2023.

Future trends to watch for:

• Technological advancements such as electric and autonomous trucks.
• Government policies affecting automotive manufacturing.
• Global supply chain dynamics post-pandemic.
• Economic growth and infrastructure development in Indonesia.