Indonesia Automotive Gearbox Market | Share, Size, Growth, Revenue, Trends, Industry, Analysis, Companies, Forecast, Value & COVID-19 IMPACT

Indonesia Automotive Gearbox MarketSynopsis

The Indonesia automotive gearbox market is expected to register a positive compound annual growth rate of 5.1% during the forecast period, 2020 - 2025. The market for automotive gearboxes in Indonesia is estimated to be driven by growing demand for passenger and commercial vehicles due to rising disposable incomes, coupled with government initiatives such as ASEAN Economic Community (AEC) that aims at creating an integrated economic region within South East Asian countries. Furthermore, the number of two-wheeler sales have been increasing in recent years due to rising demand from rural population and introduction of new models by manufacturers such as Honda Motorcycle & Scooter India Ltd., Yamaha Motor Co., Hero MotoCorp Ltd., TVS Motors Company Ltd. Better fuel efficiency offered by automatic transmission systems compared to manual transmission systems may also drive their adoption among customers over the forecast period. Indonesia has recently emerged as a potential destination for automotive production investments owing to its favorable labor cost position and low import duties on parts used in vehicle manufacture when exported from other ASEAN nations or Japan under free trade agreement provisions. This has resulted in increased presence of large international players such as Toyota and Subaru across various segments including motorcycles, cars, light trucks and more which will further contribute towards increasing requirement for high quality gearboxes across different applications over the coming years.

Market Trends

One prominent trend observed in Indonesia Automotive Gearbox Market is that more than 75% of all transmissions sold are automatic due to customer preference toward ease of use provided by these units while driving or commuting long distances through highways/expressways/toll roads etc. Additionally , proliferating manufacturing operations involving foreign investments into country?s economy followed up with supportive governmental policies encouraging FDI inflow , resulting into massive expansion undertaken by multiple OEMs (Original Equipment Manufacturers) located here. This development furthermore leading towards higher demands being generated from local automobile sector along with replacement requirements arising out of existing aging fleets operated both commercially & privately around nation.

Market Drivers

Increase In Number Of Two ?Wheelers Sales Being Recorded By Multiple Players Across Country Resulting Into Proportionally Higher Requirements From Auto Gearbox Industry When It Comes To Provision Of Advanced Automation Solutions To Consumers In Form Of ATMs & CVTs Etc. Supportive Governmental Policies Aimed At Encouraging FDIs Along With Rising Production Figures Amongst Local Automobile Sector.

COVID-19 Impact on the Market

The COVID-19 pandemic has had a major impact on the Indonesia automotive gearbox market. The outbreak of the virus led to an abrupt halt in economic activities, leading to a sharp decline in demand for vehicles and vehicle components. This has resulted in significant drops in production volumes across all segments of the automotive industry, including gearboxes. Automotive manufacturers have been forced to reduce their investments due to reduced consumer demand and liquidity constraints. Consequently, suppliers and distributors of automotive gearboxes have seen their revenues drop drastically as well.

Challenges of the Market

One of the challenges faced by players operating in the Indonesia automotive gearbox market is intense competition from Chinese manufacturers, who are able to offer low cost products which cater to many OEMs? demanding quality standards at affordable prices. Additionally, since most automakers use standardized parts for their vehicles, there is little incentive for them to switch suppliers or invest heavily into research and development initiatives for new product designs or features that could differentiate them from competitors? offerings. In addition, rising import tariffs imposed by Indonesia have made it difficult for imported goods (particularly those from China) to remain competitive with local alternatives while maintaining profitability margins within acceptable levels ? this trend has been especially pronounced with respect to higher value added items such as electronic control units used within automated transmission systems as well as certain engine components associated with advanced hybrid powertrains.

Industry Key Players

Some key players operating within Indonesia Automotive Gearbox Market include Jatco Limited; Aisin Seiki Co., Ltd.; ZF Friedrichshafen AG; Eaton Corporation; BorgWarner Inc.; Dana Holding Corporation; AVL List GmbH; Schaeffler Group/Continental AG; Magna International Inc.; Torotrak plc; SKF AB and Hyundai Rotem Company.

Key Highlights of the Report:

• Indonesia Automotive Gearbox Market Outlook
• Market Size of Indonesia Automotive Gearbox Market, 2023
• Forecast of Indonesia Automotive Gearbox Market, 2030
• Historical Data and Forecast of Indonesia Automotive Gearbox Revenues & Volume for the Period 2020-2030
• Indonesia Automotive Gearbox Market Trend Evolution
• Indonesia Automotive Gearbox Market Drivers and Challenges
• Indonesia Automotive Gearbox Price Trends
• Indonesia Automotive Gearbox Porter's Five Forces
• Indonesia Automotive Gearbox Industry Life Cycle
• Historical Data and Forecast of Indonesia Automotive Gearbox Market Revenues & Volume By Transmission for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Gearbox Market Revenues & Volume By Automatic transmission for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Gearbox Market Revenues & Volume By Manual transmission for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Gearbox Market Revenues & Volume By Dual clutch transmission for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Gearbox Market Revenues & Volume By Automated manual transmission for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Gearbox Market Revenues & Volume By Continuously variable transmission for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Gearbox Market Revenues & Volume By Vehicle for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Gearbox Market Revenues & Volume By Commercial Vehicles for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Gearbox Market Revenues & Volume By Passenger Cars for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Gearbox Market Revenues & Volume By Forward Gears for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Gearbox Market Revenues & Volume By above 10 for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Gearbox Market Revenues & Volume By 9 âÂ?Â? 10 for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Gearbox Market Revenues & Volume By 7 âÂ?Â? 8 for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Gearbox Market Revenues & Volume By 5 âÂ?Â? 6 for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Gearbox Market Revenues & Volume By less than 5 for the Period 2020-2030
• Indonesia Automotive Gearbox Import Export Trade Statistics
• Market Opportunity Assessment By Transmission
• Market Opportunity Assessment By Vehicle
• Market Opportunity Assessment By Forward Gears
• Indonesia Automotive Gearbox Top Companies Market Share
• Indonesia Automotive Gearbox Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Automotive Gearbox Company Profiles
• Indonesia Automotive Gearbox Key Strategic Recommendations