Indonesia Commercial Vehicle market was valued at USD 29.32 Billion in 2024 and is expected to reach USD 46.02 Billion by 2030 with a CAGR of 7.80%.

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Market Size	2024: USD 29.32 Billion
Forecast Market Size	2030: USD 46.02 Billion
CAGR	2025-2030: 7.80%
Fastest Growing Segment	Electric
Largest Market	Java
Key Players	1. Mitsubishi Motors Krama Yudha Indonesia 2. PT Astra Daihatsu Motor 3. PT HINO Indonesia 4. Suzuki Indonesia 5. PT. Tata Motors Indonesia 6. UD Trucks Corp 7. UD Trucks Corp 8. Isuzu Astra Motor Indonesia 9. PT Daimler Commercial Vehicles Indonesia 10. PT. Maxindo Renault Indonesia

In 2023, roughly *** thousand commercial vehicles were sold in Indonesia, slightly down from the previous year. This increase follows the drop that presumably happened due to the COVID-19 crisis in the nation during the previous years.

The Indonesia Commercial Vehicles Lubricants Market is segmented by Product Type ( Engine Oils, Greases, Hydraulic Fluids, Transmission & Gear Oils )

The Asia-Pacific Commercial Vehicles Market report segments the industry into Vehicle Type (Commercial Vehicles), Propulsion Type (Hybrid And Electric Vehicles, ICE), and Country (Australia, China, India, Indonesia, Japan, Malaysia, South Korea, Thailand, Rest-Of-APAC). Get five years of historical data alongside five-year market forecasts.

Indonesia commercial vehicle market to grow over 8.23% CAGR by 2030, driven by rapid urbanization and retail delivery.

Unlock data-backed intelligence on Indonesia Commercial Vehicle Market, size at USD 4.6 billion in 2023, featuring strategic insights and revenue analysis.

In 2023, about ******* commercial vehicles were produced within Indonesia, increasing significantly from around ****** vehicles in 2020. The year 2024 is projected to be another productive year for the automotive industry in Indonesia.

Market Size and Drivers: The Indonesia Commercial Vehicles Lubricants Market is estimated to be valued at XX million in 2025 and is projected to grow at a CAGR of 3.50% from 2025 to 2033. The market is driven by the increasing demand for commercial vehicles in the country, particularly in the transportation and construction sectors. Additionally, government initiatives to improve infrastructure and promote economic growth are expected to further drive the demand for commercial vehicles and lubricants. Trends and Restraints: Key trends shaping the market include the adoption of electric and hybrid vehicles, which is expected to impact the demand for traditional lubricants. However, the growing adoption of advanced lubricants and the increasing focus on vehicle maintenance are expected to offset this decline. Restraints include the availability of counterfeit lubricants, which can undermine the market's growth. Additionally, fluctuations in crude oil prices and global economic conditions can impact the cost and availability of lubricants, influencing market dynamics. Recent developments include: January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.March 2021: Castrol announced the launch of Castrol ON (a Castrol e-fluid range that includes e-gear oils, e-coolants, and e-greases) to its product portfolio. This range is specially designed for electric vehicles.. Notable trends are: Largest Segment By Product Type : Engine Oils.

The Asia Pacific Electric Commercial Vehicles Market report segments the industry into Vehicle Body Type (Buses, Heavy-duty Commercial Trucks, Light Commercial Pick-up Trucks, Light Commercial Vans, Medium-duty Commercial Trucks), Fuel Category (BEV, FCEV, HEV, PHEV) and Country (Australia, China, India, Indonesia, Japan, Malaysia, South Korea, Thailand, Rest-of-APAC). The report includes market size in Value and Volume, and more.

The report on Indonesia Commercial Vehicles Lubricants covers a summarized study of several factors supporting market growth, such as market size, market type, major regions, and end-user applications. The report enables customers to recognize key drivers that influence and govern the market.

Indonesia Box Truck Market is segmented by type (Refrigerated Box Trucks and Non-Refrigerated Box Trucks), Capacity Type (Light-Duty Box Trucks and Medium and Heavy-Duty Box Trucks), Propulsion (Internal Combustion Engine and Electric), and Application (Industrial, Commercial, and Other Applications). The report covers the market size for Indonesia Box Truck Market in terms of value (USD billion) for all the above segments.

Forecast: Light Commercial Vehicles Production in Indonesia 2022 - 2026 Discover more data with ReportLinker!

Indonesia Commercial Vehicles Lubricants Market size was valued to be USD 1.5 Billion in the year 2024 and it is expected to reach USD 2.9 Billion in 2032, at a CAGR of 8.5% from of 2025 to 2032.

Indonesia Commercial Vehicles Lubricants Market: Definition/ Overview

Commercial vehicle lubricants are specialty oils, fluids, and greases designed to satisfy the high demands of heavy-duty vehicles such as trucks, buses, construction equipment, and other commercial transportation vehicles.

These lubricants are engineered to withstand higher pressures, temperatures, and longer operating hours than passenger vehicle lubricants.

The MENASA commercial vehicle industry size reached US$ 295.3 billion in 2022. Over the forecast period, demand for commercial vehicles in MENASA is anticipated to rise at a 7.5% CAGR. Total industry value is predicted to increase from US$ 314.4 billion in 2023 to US$ 647.0 billion by 2033.

Attributes	Key Insights
Base Value (2022)	US$ 295.3 billion
Estimated MENASA Commercial Vehicle Industry Value (2023)	US$ 314.4 billion
Projected MENASA Commercial Vehicle Industry Revenue (2033)	US$ 647.0 billion
Value-based CAGR (2023 to 2033)	7.5%
Collective Value Share: Top 5 Countries (2023E)	72.0%

2018 to 2022 MENASA Commercial Vehicle Industry Outlook Vs. 2023 to 2033

Historical CAGR (2018 to 2022)	2.0%
Forecast CAGR (2023 to 2033)	7.5%

Country-wise Insights

Countries	Projected Commercial Vehicle Industry Revenue (2033)
India	US$ 203.1 billion
Turkiye	US$ 59.1 billion
Thailand	US$ 58.6 billion
Indonesia	US$ 35.2 billion

Category-wise Insights

Top Segment (Class Type)	Light Duty
Predicted CAGR (2023 to 2033)	8.6%

Top Segment (Application Type)	Bulk Freight
Projected CAGR (2023 to 2033)	6.4%

The ASEAN vehicle industry, characterized by a diverse range of vehicle types and a significant presence of both international and domestic players, presents a dynamic and rapidly evolving market. The industry's growth is fueled by several key factors. Rising disposable incomes across the region are driving increased demand for personal vehicles, particularly in burgeoning middle classes of countries like Indonesia, Thailand, and Vietnam. Furthermore, robust infrastructure development initiatives, including improved road networks and public transportation systems, are creating a more favorable environment for vehicle ownership and usage. Government policies promoting industrialization and economic growth also play a vital role, stimulating investments in the automotive sector and fostering local production. However, challenges persist. The industry faces pressure from fluctuating commodity prices, particularly steel and other raw materials, impacting production costs. Moreover, growing environmental concerns are pushing for stricter emission regulations, requiring manufacturers to invest in cleaner technologies and potentially hindering profit margins. Competition within the ASEAN market is fierce, with established international brands competing with increasingly competitive domestic manufacturers. This necessitates continuous innovation and strategic adaptation for businesses to maintain market share and profitability. The forecast for the ASEAN vehicle market from 2025 to 2033 suggests continued growth, albeit at a rate that may fluctuate slightly based on macroeconomic conditions and policy shifts within individual ASEAN nations. The projected compound annual growth rate (CAGR) of 6.97% globally, while not directly applicable to ASEAN alone, indicates a positive trajectory. Considering the region's specific economic dynamism and demographic trends, a CAGR in the range of 6-8% for the ASEAN vehicle market seems plausible. This indicates substantial opportunities for growth, particularly in segments like light commercial vehicles (LCVs), driven by e-commerce and logistics expansion. Medium- and heavy-duty commercial vehicles (M&HCVs) will also see growth, mirroring the region’s infrastructure development and industrial expansion. Strategic partnerships, technological advancements (such as electric vehicle adoption), and a focus on sustainable practices will be crucial for manufacturers' success in navigating the complexities of this dynamic market. Recent developments include: Oct 2022- Energy Absolute PCL revealed that the development of its 100% electric passenger car MINE SPA1 under MINE Mobility was still one of EA's major business plans. The current focus of EA would be on commercial vehicles first, while the MINE SPA1 electric car project would be continued. EA also revealed that it plans to launch a 1-ton electric pickup truck under the brand MINE in Q4/2022., Sep 2022- PT Indika Energy Tbk., through its subsidiary PT Mitra Motor Group (MMG), strengthened its net-zero emissions commitment to the EV sector by establishing Foxteq Singapore Pte. Ltd, a joint venture company with Hon Hai Technology Group (Foxconn) affiliate. PT Foxconn Indika Motor (FIM), the joint venture, will manufacture commercial electric vehicles and electric batteries., Jun 2022- MAN Truck & Bus (M) Sdn Bhd (MAN Malaysia), the country's first truck manufacturer to offer Euro V engines as standard across its entire product portfolio, delivered its first batch of new MAN Truck Generation vehicles to six transport companies.. Notable trends are: The Light Commercial Vehicle Segment Dominates the Market.

Indonesia Automotive Engine Oil Market size was valued at USD 1.35 Billion in 2024 and is projected to reach USD 2.68 Billion by 2032, growing at a CAGR of 8.9% from 2025 to 2032.

Key Market Drivers:

Rising Vehicle Ownership: The Indonesian automotive engine oil market is thriving due to the growing number of registered vehicles, with over 28 million in 2023, primarily motorcycles and passenger cars. This growth in vehicle usage drives the demand for engine oils to ensure proper maintenance and engine performance, supporting market growth.

Expanding Commercial Vehicle Fleet: Indonesia’s logistics and transportation sectors have seen a 5% increase in commercial vehicles, including trucks, buses, and delivery vans, according to the Ministry of Transportation. These vehicles require specialized engine oils for heavy loads and long-distance travel, boosting the demand for automotive engine oils.

The Indonesian truck market was estimated at $5.4B in 2024, almost unchanged from the previous year. Overall, consumption showed a noticeable slump. Truck consumption peaked at $9.8B in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

Gain insights into the Indonesia Box Truck Market, size at USD 1.9 billion in 2023, showcasing industry trends and strategic insights.

The Indonesian box truck market, valued at approximately $XX million in 2025, exhibits a steady Compound Annual Growth Rate (CAGR) of 3.20%, projecting robust expansion through 2033. This growth is fueled by several key factors. The burgeoning e-commerce sector necessitates efficient last-mile delivery solutions, driving demand for both refrigerated and non-refrigerated box trucks across various capacities. Simultaneously, infrastructure development projects and increasing industrial activity contribute to heightened transportation needs, particularly for medium and heavy-duty vehicles. The shift towards electric propulsion, although currently a smaller segment, presents significant growth potential as Indonesia focuses on sustainable transportation solutions and government incentives for electric vehicle adoption become more prevalent. However, the market faces challenges, including fluctuating fuel prices impacting operational costs for internal combustion engine (ICE) trucks and the initial higher acquisition costs associated with electric vehicles. Furthermore, the availability of skilled drivers and maintenance expertise for electric fleets represents a potential bottleneck. Segmentation reveals a strong preference for medium and heavy-duty box trucks within the industrial and commercial applications, reflecting the country's focus on large-scale logistics and manufacturing. Leading manufacturers like Hino Motors, Isuzu, and others are strategically positioned to capitalize on this growth, competing on factors such as fuel efficiency, technological advancements, and after-sales service. The competitive landscape is marked by a mix of established international players and local manufacturers. International companies benefit from established brand recognition and advanced technology, while local players possess a strong understanding of the domestic market and its specific needs. The market's future trajectory is likely to be influenced by government policies promoting sustainable transportation, advancements in electric vehicle technology, and the overall economic growth of Indonesia. Further analysis will focus on specific segments and regions within Indonesia, identifying niche opportunities and understanding the dynamic interplay between supply and demand. This could include localized variations in regulations, infrastructure limitations, and consumer preferences that influence the adoption rates of specific truck types and fuel technologies. This report provides a comprehensive analysis of the Indonesia Box Truck Market, offering valuable insights into market dynamics, trends, and future growth prospects from 2019-2033. It delves into the market's evolution, highlighting key segments and the competitive landscape. With a focus on the estimated year 2025 and a forecast period spanning 2025-2033, this report is an indispensable resource for businesses seeking to understand and capitalize on opportunities within this dynamic sector. The report also includes extensive data on market size, in Million units, across various segments. Recent developments include: In August 2022, REE Automotive introduced P7-B, a class 3 box truck built on a P7 cab chassis. The box truck has a maximum speed of 120kph, a max range of 241km, and up to 2,000kg payload., In April 2022, Mitsubishi Fuso introduced a new lineup of Euro 4-compliant light-duty truck (2-ton) and mid-duty (4-ton) trucks for Indonesia.. Key drivers for this market are: Increasing Adoption of 2-wheelers across the Globe. Potential restraints include: Rise in demand of Electric Vehicles. Notable trends are: Rise in residential and Commercial Transportation.

Indonesia Manufacturing Industry: Motor Vehicle: Truck data was reported at 2,579.071 IDR bn in 2015. This records a decrease from the previous number of 3,309.298 IDR bn for 2014. Indonesia Manufacturing Industry: Motor Vehicle: Truck data is updated yearly, averaging 1,304.725 IDR bn from Dec 1999 (Median) to 2015, with 17 observations. The data reached an all-time high of 3,309.298 IDR bn in 2014 and a record low of 9.951 IDR bn in 1999. Indonesia Manufacturing Industry: Motor Vehicle: Truck data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Mining and Manufacturing Sector – Table ID.BAD015: Manufacturing Industry: by Product: Motor Vehicles .