In 2023, the market size value per capita for diesel trucks weighing less than 5 tonnes in Indonesia stood at $5.61. From 2022 to 2023, it saw a year-on-year increase of approximately 1.08%. Over the past five years, the compound annual growth rate (CAGR) was around 2.30%, suggesting a moderate upward trend after recovering from the 2020 dip.
Looking ahead, key trends to watch include:
- Adoption of more fuel-efficient and environmentally friendly models, influenced by global emissions standards.
- A potential shift towards electric vehicles, although diesel trucks may retain a significant market presence in the near term due to infrastructure and cost considerations.
