Unlocking the Potential of the Material Handling Market in Indonesia
Forklifts have an important role in various industries, such as logistics, manufacturing, and warehousing. In Indonesia, the forklift market is very closely related to the industrial sector. The demand for efficient material handling solutions has driven the market to shift to electric and hybrid forklifts. The Global Electric Forklift Market is expected to increase at a considerable rate during the forecast period, between 2023 to 2032.
Indonesia with over 279 million of people is in the largest economy in South East Asia. Indonesia’s manufacturing industry contributed of Indonesia Gross Domestic Product (GDP) grew 5,1% in the 1st Quarter compared with a year earlier. Another indicator is the purchasing manager’s index (PMI) of Indonesian manufacturing. In April 2024 it was recorded at 52.9. The results of Fiscal policy Agency Ministry of Finance show that the expansion rate of Indonesia’s manufacturing sector in this period was able to exceed ASEAN Manufacturing PMI (51.0).
Based on data from the Central Statistics Agency (BPS) until the second quarter of 2023, Supply Chain Indonesia (SCI) Projected the contribution from transportation and warehouse sector will grow 14,16% with US 88,6 billion in 2024.
The demand for forklifts in Indonesia is influenced by the expanding logistics and warehousing sectors. The growth in e-commerce and manufacturing industries, which require efficient material handling, is a significant driver of forklift market growth.