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DUBLIN, Nov. 28, 2023 /PRNewswire/ — The “Indonesian Electric Bus Market | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation, and COVID-19 IMPACT: Market Forecast via “Vehicle Types, Through End-Users, Through Billing Infrastructure, Regions, and Competitive Landscape” has been added to the ResearchAndMarkets. com offering.
The length of Indonesia’s electric bus market is expected to grow at a CAGR of 75. 3% between 2023F and 2028F.
Indonesia’s electric bus market is expected to see significant expansion in the coming years, and the Indonesian government is making plans to reach its goal of zero emissions by 2030 by launching 10,000 electric buses in Indonesia.
DAMRI, Indonesia’s oldest public maritime operator, plans to upgrade 500 of its old diesel buses with $150 million worth of electric buses, with funding from the Asian Development Bank (ADB). The pandemic has had a negative influence on the electric bus market in Indonesia, which is a key component of the Asia-Pacific electric bus market as it has reduced the use of public transportation.
In addition, all the lockdown restrictions imposed by governments around the world to prevent the spread of the coronavirus have disrupted the production chain and processes, and as the Indonesian market is driven by imports, such restrictions have slowed down the adoption of electric buses in Indonesia.
Indonesia’s electric bus market is experiencing significant expansion due to growing demand for emission-free public transportation, as it accounts for 27% of total emissions in Indonesia. Additionally, Trans Jakarta, the largest shipping operator, began operating 30 electric buses. buses in 2022 and is expected to add another 70 by the end of the year. Furthermore, an increasing number of local and foreign players entering the market along with increasing collaboration between foreign and domestic players are expected to drive the expansion of the Indonesian market. electric bus market in the coming years.
Indonesia’s electric bus industry is undergoing significant expansion due to increasing considerations of greenhouse fuel emissions, with public transportation and automobiles accounting for 27% of emissions in Indonesia. Furthermore, maximum power and silent operation have further boosted the market demand for electric buses in the country.
In addition, Indonesia possesses the world’s largest reserves of nickel, a key raw material in the production of electric batteries, which is expected to lead to an increase in the production of electric buses in Indonesia in the coming years.
Market through vehicle type
By vehicle type, battery electric buses dominate the Indonesian electric bus market, as most of the electric buses operating in Indonesia are battery electric buses.
Moreover, battery electric buses are expected to continue to dominate the market in the long term as the Indonesian government plans to achieve zero emissions by electrifying the entire public transport fleet in the long term by deploying more battery electric buses as they are relatively more environmentally friendly than hybrid buses.
Market through charging infrastructure
The existing charging infrastructure consists exclusively of plug-in chargers, as the infrastructure of these charging devices is easier to expand and requires a lower initial investment.
In addition, the trend is expected to continue in the coming years: in other categories only a few charging games are expected.
Marketing through the end user
As far as the end user is concerned, the public sector dominated the Indonesian electric bus market in 2021, while the personal sector was reluctant to switch to electric variants due to their higher cost.
However, the public maritime authority has taken the initiative to introduce electric buses. Therefore, the existing fleet of electric buses is largely owned by the government. The public sector will continue to dominate the electric bus market in the country.
Marketing Across Regions
By region, Java-Bali dominated Indonesia’s electric bus market in 2021, with Jakarta being the first city to start operating 30 electric buses in Indonesia under the leadership of Transakarta, Indonesia’s largest public transport operator.
In addition, with funding from the AfDB, DAMRI (Djawatan Angkoetan Motor Repoeblik Indonesia), Indonesia’s oldest state-owned shipping company, needs to upgrade 500 of its obsolete diesel buses with electric buses for a total amount of $150 million and also plans to start the Jakarta Operation. in, which would further boost the electric bus market in the Java-Bali region in the coming years.
Main report
Impact of COVID-19 on the market.
11-year market figures.
Historical knowledge from 2019 to 2022.
Base year: 2022
Forecasting knowledge up to 2028.
Key performance indicators (KPI) that impact the market.
Key and upcoming projects.
Companies mentioned
BYD. Co. , Ltd
PT Mobil Anak Bangsa Indonesia (MABI)
Superior Bus Company Limited
Skywell New Energy Automobile Group Co. Ltd
Report Highlights
Overview of the Electric Bus Market in Indonesia
Indonesia Electric Bus Market Outlook
Indonesia Electric Bus Market Forecast
Indonesia Electric Bus Market Historical Data, Revenue, and Volume Forecast for 2018-2028F
Indonesia Electric Bus Market Historical Data and Forecast, Revenue and Volume by Vehicle Types, 2018-2028F
Historical Data and Revenue Forecast of Indonesia’s Electric Bus Market, Through Charging Infrastructure, 2018-2028F
Historical knowledge and profit forecast of the Indonesian electric bus market, all the way to the end user, for the period 2018-2028F
Indonesia Electric Bus Market Historical Data and Revenue Forecast, by Regions, 2018-2028F
Market Drivers and Restraints
Value Chain & Ecosystem
Industry Life Cycle
Porter’s Five Forces Analysis
COVID-19 Impact Assessment
Market Trends
Revenue share of Indonesia’s electric bus market through the company
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations
Market scope and segmentation
By Vehicle Types
Battery electric bus
Hybrid Bus
By Charging Infrastructure
Ground contact
Ceiling pantograph
Gantry pantograph
Plug only
Induction
By End User
Public
Private
By region
Java-Bali
Kalimantan
Sumatra
Celebes
Papua
For more information on this report, https://www. researchandmarkets. com/r/ld9fhh
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