Indonesia Buses and coaches Market | Trends, Growth, Revenue, COVID-19 IMPACT, Forecast, Size, Industry, Companies, Outlook, Share, Value & Analysis

Indonesia Buses and coaches Market Synopsis

The Indonesia buses and coaches market is expected to witness steady growth over the forecast period (2020-2025), driven by increasing government investments in public transportation. The country?s population of more than 260 million people makes it one of the largest markets for buses and coaches globally, with a huge demand for both public transport as well as private vehicles. Moreover, Indonesia growing middle class is expected to further contribute to an increase in demand for bus services, with rising disposable incomes enabling households to better afford such services. In addition, increased investment in infrastructure projects will also aid in boosting the market over the forecast period.

Market Trends

A key trend driving growth in the Indonesia buses and coaches market is the growing popularity of electric vehicles. This has been fueled by government initiatives such as subsidies on electric vehicle purchases and incentives towards charging station development across major cities like Jakarta and Surabaya. Additionally, various players are expected to enter into strategic partnerships or collaborations in order to launch their own range of electric buses that can cater to local needs while keeping environmental concerns at heart. Furthermore there has been an increase adoption of luxury coach services especially along popular tourist routes due its convenience compared other modes of transportation available currently.

Market Drivers

The main driver behind growth within Indonesia bus and coach industry is increasing passenger numbers owing primarily to a large population base coupled with improved economic conditions resulting from increased governmental spending on infrastructure projects such as roads construction project aimed at easing traffic congestion & reducing travel time between cities.Furthermore ,the rise & availability low cost carriers have aided passengers who are unable/ unwilling spend hefty amount tickets flight tickets.In addition ,government regulations encouraging foreign direct investment (FDI) which allows companies set up manufacturing facilities manufacture components helps reduce costs associated production thus aiding overall market growth going forward.

COVID-19 Impact on the Market

The coronavirus (COVID-19) pandemic has had a significant impact on the buses and coaches industry in Indonesia. The lockdown measures imposed to contain the spread of the virus have resulted in a sharp decrease in passenger demand, causing operators to suffer financial losses due to reduced revenues. Additionally, supply chain disruptions have further hampered operations as many parts are imported from abroad.

Challenges of the Market

One of the major challenges facing bus and coach operators is rising competition from other types of public transportation such as trains, ferries, taxis and ride-hailing services like Gojek or Grab. This increased competition has caused fares to fall drastically making it difficult for operators to maintain their margins. Another challenge faced by bus companies is an aging fleet with some buses being over 20 years old which can result in higher maintenance costs due to wear and tear issues. Furthermore, limited access to financing for purchasing new vehicles further exacerbates this problem making it difficult for companies to upgrade their fleets or expand their operations into newer markets.

Industry Key Players

The key players operating within Indonesia buses & coaches market include Perum DAMRI (State Owned Enterprise), TransJakarta (city bus company), AdiPutra Group (private operator), Efisiensi Angkutan Umum Jabodetabek (public transport group) and PT Progresif Bus Pariwisata Karya Abadi (luxury coach operator).

Key Highlights of the Report:

• Indonesia Buses and coaches Market Outlook
• Market Size of Indonesia Buses and coaches Market, 2023
• Forecast of Indonesia Buses and coaches Market, 2030
• Historical Data and Forecast of Indonesia Buses and coaches Revenues & Volume for the Period 2020-2030
• Indonesia Buses and coaches Market Trend Evolution
• Indonesia Buses and coaches Market Drivers and Challenges
• Indonesia Buses and coaches Price Trends
• Indonesia Buses and coaches Porter's Five Forces
• Indonesia Buses and coaches Industry Life Cycle
• Historical Data and Forecast of Indonesia Buses and coaches Market Revenues & Volume By Product Type for the Period 2020-2030
• Historical Data and Forecast of Indonesia Buses and coaches Market Revenues & Volume By Diesel for the Period 2020-2030
• Historical Data and Forecast of Indonesia Buses and coaches Market Revenues & Volume By Hybrid Buses for the Period 2020-2030
• Historical Data and Forecast of Indonesia Buses and coaches Market Revenues & Volume By Electric Buses for the Period 2020-2030
• Historical Data and Forecast of Indonesia Buses and coaches Market Revenues & Volume By Ethanol Buses for the Period 2020-2030
• Historical Data and Forecast of Indonesia Buses and coaches Market Revenues & Volume By Applications for the Period 2020-2030
• Historical Data and Forecast of Indonesia Buses and coaches Market Revenues & Volume By Scheduled Bus Transport for the Period 2020-2030
• Historical Data and Forecast of Indonesia Buses and coaches Market Revenues & Volume By Scheduled Coach Transport for the Period 2020-2030
• Historical Data and Forecast of Indonesia Buses and coaches Market Revenues & Volume By School Transport for the Period 2020-2030
• Historical Data and Forecast of Indonesia Buses and coaches Market Revenues & Volume By Private Hire for the Period 2020-2030
• Historical Data and Forecast of Indonesia Buses and coaches Market Revenues & Volume By Tourism for the Period 2020-2030
• Indonesia Buses and coaches Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Applications
• Indonesia Buses and coaches Top Companies Market Share
• Indonesia Buses and coaches Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Buses and coaches Company Profiles
• Indonesia Buses and coaches Key Strategic Recommendations