Product Code: ETC173867 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Indonesia Electric Commercial Vehicle market currently, in 2023, has witnessed an HHI of 6419, Which has decreased substantially as compared to the HHI of 10000 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The electric commercial vehicle (ECV) market in Indonesia is expected to grow at a significant rate during the forecast period. The growing environmental concerns, increasing government support for purchasing ECVs, and improving battery performance are some of the factors driving the growth of this market. Also, Indonesia plans to switch from fossil fuels to alternative sources will also have a positive impact on the development of this sector.
Some of the major trends observed in Indonesia electric commercial vehicle market include lower operating costs compared to traditional diesel and gasoline vehicles, availability of better range options due to increasing R&D activities by key players, rising demand for heavy-duty EVs such as buses and trucks for freight transportation purpose followed by passenger transport segment owing to their cost effectiveness over conventional vehicles. Additionally, implementation of advanced connectivity technologies such as Wi-Fi through electronic control units or integrated mobile applications has increased efficiency and safety in commercial vehicles industry which is further boosting its adoption among users across various industries including tourism & hospitality industry.
Growing need for reduction in air pollution levels along with rising demand from green automobile enthusiasts are some of the major drivers contributing towards growth of Indonesia ECV market. Moreover introduction incentives offered by Ministry Of Transportation (MOT) under national motorization program along with presence of renowned OEMs such as Mitsubishi Motors Corporation investing heavily into production expansion coupled with ongoing efforts towards infrastructural developments associated with charging station networks are anticipated fuel up sales during forthcoming years. In addition , rising number plant shutdowns due intense vibrations experienced while operation resulting into disruption service quality associated with ICE powered automobiles leading them doomed future thereby creating huge opportunity untapped potential available EV space.
COVID-19 pandemic had both negative and positive impacts on Indonesia ECV market. Lockdown imposed across country drastically reduced consumer footfall retail outlets operated auto dealerships forcing OEMS halt production operations temporarily however , there was certain surge demand delivery services especially food sectors apart from medical equipment related deliveries thus witnessing hike online orders. This factor proved be boon existing fleet operators allow them generate revenue even after lockdown restrictions were lifted however yet recover pre-covid situation.
One of the major challenges faced by players involved in Indonesia electric commercial vehicle market is lack of infrastructure support such as charging stations or battery swap systems which are necessary for efficient operation of these vehicles. These solutions require significant investments and so far there hasn`t been any government initiative towards this end making it difficult for companies operating in this sector.. In addition, high costs associated with electric buses remain an issue since they tend be much more expensive than their diesel counterparts without offering sufficient savings through fuel efficiency or subsidies from regulatory bodies. Lastly, limited availability of local parts manufacturers can lead OEMs dealing with electric commercial vehicles being dependent upon imports which increases cost and delivery times significantly while reducing profit margins overall.
Some key players active in Indonesia electric Commercial Vehicle Market include Hyundai Motors Group , Toyota motors Corporation , Nissan Motor Company Limited , BYD Company Ltd., Tata Motors Ltd., Proton Holdings Berhad etc.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Electric Commercial Vehicle Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Electric Commercial Vehicle Market Revenues & Volume, 2020 & 2030F |
3.3 Indonesia Electric Commercial Vehicle Market - Industry Life Cycle |
3.4 Indonesia Electric Commercial Vehicle Market - Porter's Five Forces |
3.5 Indonesia Electric Commercial Vehicle Market Revenues & Volume Share, By Propulsion Type, 2020 & 2030F |
3.6 Indonesia Electric Commercial Vehicle Market Revenues & Volume Share, By Vehicle Type, 2020 & 2030F |
3.7 Indonesia Electric Commercial Vehicle Market Revenues & Volume Share, By Battery Type, 2020 & 2030F |
3.8 Indonesia Electric Commercial Vehicle Market Revenues & Volume Share, By Battery Capacity, 2020 & 2030F |
3.9 Indonesia Electric Commercial Vehicle Market Revenues & Volume Share, By Power Output, 2020 & 2030F |
3.10 Indonesia Electric Commercial Vehicle Market Revenues & Volume Share, By End-user, 2020 & 2030F |
3.11 Indonesia Electric Commercial Vehicle Market Revenues & Volume Share, By Component, 2020 & 2030F |
4 Indonesia Electric Commercial Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Electric Commercial Vehicle Market Trends |
6 Indonesia Electric Commercial Vehicle Market, By Types |
6.1 Indonesia Electric Commercial Vehicle Market, By Propulsion Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Propulsion Type, 2020-2030F |
6.1.3 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By BEV, 2020-2030F |
6.1.4 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By PHEV, 2020-2030F |
6.1.5 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By FCEV, 2020-2030F |
6.2 Indonesia Electric Commercial Vehicle Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Electric Bus, 2020-2030F |
6.2.3 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Electric Truck, 2020-2030F |
6.2.4 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Electric Pick-up Truck, 2020-2030F |
6.2.5 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Electric Van, 2020-2030F |
6.3 Indonesia Electric Commercial Vehicle Market, By Battery Type |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Lithium-iron-phosphate (LFP), 2020-2030F |
6.3.3 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Lithium-nickel-manganese-cobalt oxide (NMC), 2020-2030F |
6.3.4 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Others, 2020-2030F |
6.4 Indonesia Electric Commercial Vehicle Market, By Battery Capacity |
6.4.1 Overview and Analysis |
6.4.2 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By less than 50 kWh, 2020-2030F |
6.4.3 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By 50â??250 kWh, 2020-2030F |
6.4.4 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By above 250 kWh, 2020-2030F |
6.5 Indonesia Electric Commercial Vehicle Market, By Power Output |
6.5.1 Overview and Analysis |
6.5.2 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By less than 100 KW,, 2020-2030F |
6.5.3 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By 100â??250 KW, 2020-2030F |
6.5.4 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Above 250 KW, 2020-2030F |
6.6 Indonesia Electric Commercial Vehicle Market, By End-user |
6.6.1 Overview and Analysis |
6.6.2 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Last Mile Delivery, 2020-2030F |
6.6.3 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Distribution Service, 2020-2030F |
6.6.4 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Field Service, 2020-2030F |
6.6.5 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Refuse Service, 2020-2030F |
6.6.6 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Long Haul Transportation, 2020-2030F |
6.7 Indonesia Electric Commercial Vehicle Market, By Component |
6.7.1 Overview and Analysis |
6.7.2 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Electric Motor, 2020-2030F |
6.7.3 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By EV Battery, 2020-2030F |
6.7.4 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By , 2020-2030F |
6.8 Indonesia Electric Commercial Vehicle Market, By Autonomous Vehicles |
6.8.1 Overview and Analysis |
6.8.2 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Electric Autonomous Truck, 2020-2030F |
6.8.3 Indonesia Electric Commercial Vehicle Market Revenues & Volume, By Electric Autonomous Bus, 2020-2030F |
7 Indonesia Electric Commercial Vehicle Market Import-Export Trade Statistics |
7.1 Indonesia Electric Commercial Vehicle Market Export to Major Countries |
7.2 Indonesia Electric Commercial Vehicle Market Imports from Major Countries |
8 Indonesia Electric Commercial Vehicle Market Key Performance Indicators |
9 Indonesia Electric Commercial Vehicle Market - Opportunity Assessment |
9.1 Indonesia Electric Commercial Vehicle Market Opportunity Assessment, By Propulsion Type, 2020 & 2030F |
9.2 Indonesia Electric Commercial Vehicle Market Opportunity Assessment, By Vehicle Type, 2020 & 2030F |
9.3 Indonesia Electric Commercial Vehicle Market Opportunity Assessment, By Battery Type, 2020 & 2030F |
9.4 Indonesia Electric Commercial Vehicle Market Opportunity Assessment, By Battery Capacity, 2020 & 2030F |
9.5 Indonesia Electric Commercial Vehicle Market Opportunity Assessment, By Power Output, 2020 & 2030F |
9.6 Indonesia Electric Commercial Vehicle Market Opportunity Assessment, By End-user, 2020 & 2030F |
9.7 Indonesia Electric Commercial Vehicle Market Opportunity Assessment, By Component, 2020 & 2030F |
9.7 Indonesia Electric Commercial Vehicle Market Opportunity Assessment, By Autonomous Vehicles, 2020 & 2030F |
10 Indonesia Electric Commercial Vehicle Market - Competitive Landscape |
10.1 Indonesia Electric Commercial Vehicle Market Revenue Share, By Companies, 2023 |
10.2 Indonesia Electric Commercial Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |