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Light Commercial Vehicles - Indonesia

Indonesia
  • In Indonesia, the Light Commercial Vehicles market is projected to reach 128.50k vehicles units in 2024.
  • This indicates the expected level of sales within this market.
  • Furthermore, it is anticipated that there will be a compound annual rate of -2.62% between 2024 and 2030, resulting in a projected market volume of 128.50k vehicles units by 2030.
  • This growth demonstrates the potential for expansion within the Light Commercial Vehicles market.
  • Moreover, the production of Light Commercial Vehicles market is expected to reach 101.80k vehicles units in 2030.
  • This highlights the capacity for further growth and development within the market.
  • When considering the global perspective, it is worth noting that the United States is expected to account for the majority of sales, reaching 13.20m vehicles units in 2024.
  • This data emphasizes the significance of the American market within the Light Commercial Vehicles market industry.
  • The demand for light commercial vehicles in Indonesia is soaring due to the country's growing e-commerce industry.

Definition

Light Commercial Vehicles (LCV) is a unique market of the broader Commercial Vehicles market, which focuses solely on vehicles designed to transport goods or to provide services on a relatively small scale. LCVs include a variety of compact and medium-sized vehicles specifically engineered for commercial purposes. These versatile vehicles are utilized by businesses and individuals for tasks such as local deliveries, trade, and various commercial applications. The gross vehicle weight rating of LCVs typically does not exceed 3.5 tons, although this limit may vary depending on the vehicle models, configurations, and local regulations.

LCVs are crucial for last-mile logistics, small business operations, and urban transportation. This market is highly responsive to emerging market trends, including the rise of eCommerce, the demand for sustainable transportation solutions, and the increasing need for versatile commercial vehicles that can adapt to a wide range of applications.

Additional Information

Notable key players in the Light Commercial Vehicles (LCVs) market include companies such as Ford, Mercedes-Benz, Fiat Professional, and Renault. These manufacturers play a vital role in shaping the market by offering a diverse range of LCV models and leading technological advancements within the market.

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In-Scope

  • Vans
  • Small delivery trucks
  • Refrigerated vans
  • Pickup trucks used for commercial purposes
  • Mini trucks
  • Light buses and coaches
  • Compact utility vehicles
  • Chassis cabs

Out-Of-Scope

  • Recreational vehicles (RVs)
  • Passenger cars
  • Motorcycles and scooters
  • Heavy-duty trucks
  • Agricultural and construction equipment
Light Commercial Vehicles: market data & analysis - Cover

Market Insights report

Light Commercial Vehicles: market data & analysis

Study Details

    Unit Sales

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Production

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Light Commercial Vehicles market in Indonesia has been experiencing significant growth in recent years. Customer preferences in the Indonesian market for Light Commercial Vehicles have been shifting towards vehicles that are fuel-efficient, reliable, and versatile.

    Customers are increasingly looking for vehicles that can meet their transportation needs while also being cost-effective to operate. This has led to a rise in demand for compact and mid-sized Light Commercial Vehicles that offer good fuel efficiency and low maintenance costs. Additionally, customers in Indonesia are also placing a greater emphasis on safety features, such as airbags and anti-lock braking systems, when choosing Light Commercial Vehicles.

    One of the key trends in the Light Commercial Vehicles market in Indonesia is the increasing adoption of electric and hybrid vehicles. The Indonesian government has been actively promoting the use of electric and hybrid vehicles as part of its efforts to reduce carbon emissions and dependence on fossil fuels. This has led to a growing number of manufacturers introducing electric and hybrid Light Commercial Vehicles in the market.

    These vehicles offer lower operating costs and reduced environmental impact, making them an attractive option for businesses in Indonesia. Another trend in the market is the growing popularity of Light Commercial Vehicles for last-mile delivery services. With the rise of e-commerce in Indonesia, there has been a surge in demand for efficient and reliable delivery services.

    Light Commercial Vehicles are well-suited for this purpose, as they offer the flexibility to navigate through congested urban areas and make multiple stops in a single trip. As a result, many logistics companies and e-commerce platforms are investing in Light Commercial Vehicles to expand their delivery capabilities. Local special circumstances in Indonesia also play a role in the development of the Light Commercial Vehicles market.

    The country's geography, with its many islands and diverse terrains, requires vehicles that are capable of traversing different types of roads and terrains. This has led to a demand for Light Commercial Vehicles that offer good off-road capabilities and durability. Additionally, the high population density in urban areas has created a need for compact Light Commercial Vehicles that can easily maneuver through traffic and park in tight spaces.

    Underlying macroeconomic factors, such as population growth and urbanization, have also contributed to the growth of the Light Commercial Vehicles market in Indonesia. The country's growing population and increasing urbanization have led to a rise in demand for transportation and delivery services, driving the need for Light Commercial Vehicles. Furthermore, Indonesia's strong economic growth and rising middle class have increased purchasing power and consumer spending, leading to higher demand for Light Commercial Vehicles.

    In conclusion, the Light Commercial Vehicles market in Indonesia is experiencing growth due to customer preferences for fuel-efficient and versatile vehicles, the adoption of electric and hybrid vehicles, the increasing demand for last-mile delivery services, local special circumstances, and underlying macroeconomic factors.

    Global Comparison

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    The data encompasses B2B enterprises. Figures are based on unit sales and production of light commercial vehicles.

    Modeling approach:

    Market sizes are determined through a combined Top-Down and bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey). In addition, we use relevant key market indicators and data from country-specific associations, such as consumer spending per capita on transportation and consumer price index for purchase of vehicles. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, linear regression, the S-curve function and exponential trend smoothing methods are applied.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

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    Light Commercial Vehicles: market data & analysis - BackgroundLight Commercial Vehicles: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Light commercial vehicle market in Europe - statistics & facts

    The motor vehicle manufacturing industry is one of the drivers of the European industry. In the European Union, this sector reported annual revenue of around 940.5 billion euros and a production value estimated at some 746 billion euros in 2020. Light commercial vehicles, typically up to 3.5 metric tons in gross vehicle weight, were the EU industry's most produced commercial vehicle type. However, the COVID-19 pandemic and global automotive chip shortage have impacted the sector's van output, dropping to under 1.7 million units in 2021. France was the largest light commercial vehicle producer in Europe, while French brands Renault and Peugeot were the second and third best-selling van brands in the European Union in 2021.
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