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

Indonesia Automotive Motors Market Synopsis

The automotive motors market in Indonesia is expected to grow at a CAGR of 6.2% during the forecast period from 2021-2026. The rise in demand for electric and hybrid vehicles, increasing government initiatives towards vehicle electrification, changing consumer preferences towards eco-friendly vehicles, and surging domestic production are some of the key factors driving growth in this market. Furthermore, rising urbanization and increased purchasing power among consumers are also contributing to the growing demand for automotive motors in Indonesia.

Market Trends

In recent years, there has been an increase in the adoption of electric vehicles (EV) across Indonesia due to government initiatives such as tax exemptions on EVs and charging infrastructure development plans. This trend is further complementing the growth of the Indonesia automotive motors market as it drives up demand for more efficient motor systems that can be used to power EVs and hybrids more efficiently. Moreover, with several technology providers such as ABB introducing battery management systems into their portfolio offering various benefits such as improved safety features which reduce downtime costs associated with EV batteries; these trends have resulted in a greater uptake among consumers who prefer fuel efficiency over traditional combustion engine powered automobiles.

Market Drivers

One of the major drivers behind escalating growth within the Indonesia Automotive Motors Market is significant advancements made by OEMs towards developing more reliable & efficient motor technologies that reduce total cost ownership while providing better performance levels compared to conventional engines. Additionally, with local manufacturers like Astra International incorporating advanced manufacturing techniques into their products for enhanced reliability coupled with an increase in investments by foreign companies like Honda Motor Co., Ltd., this has allowed them to gain a strong foothold amidst intensifying competition within this space resulting into higher sales volumes thus leading further spurring overall market size expansion over projected timeframe up until 2026 end.

COVID-19 Impact on the Market

The automotive motors market in Indonesia has been severely impacted by the COVID-19 pandemic. Due to border closures and travel restrictions, the supply of raw materials from abroad has been disrupted, leading to a decrease in production of vehicles and components. This has had a direct impact on sales of new automobiles as well as aftermarket products such as motors. Additionally, consumer confidence is at an all-time low due to job losses and reduced income resulting from the pandemic, further impacting demand for motorized vehicles.

Challenges of the Market

One key challenge facing the Indonesia automotive motors market is that it is highly dependent on imports from countries like China and Japan. With economic uncertainty increasing, there will be an increased pressure on manufacturers to reduce their reliance on foreign suppliers while still maintaining quality standards. In addition, environmental regulations are becoming increasingly stringent across Southeast Asia; manufacturers will need to find ways to produce more efficient engines with lower emissions if they wish remain competitive in this region`s growing green economy.

Industry Key Players

Some of the key players operating in Indonesia automotive motors industry include Honda Motor Company Ltd., Yamaha Motors Corporation Ltd., Suzuki Motor Corporation Ltd., Toyota Industries Corporation Ltd., Bosch Rexroth AG etc.(Indonesia). These companies have significant presence across various segments within this industry ranging from engine manufacturing & maintenance services through transmission systems & parts supplies up till complete vehicle assembly lines including electric vehicles (EVs).

Key Highlights of the Report:

• Indonesia Automotive Motors Market Outlook
• Market Size of Indonesia Automotive Motors Market, 2023
• Forecast of Indonesia Automotive Motors Market, 2030
• Historical Data and Forecast of Indonesia Automotive Motors Revenues & Volume for the Period 2020-2030
• Indonesia Automotive Motors Market Trend Evolution
• Indonesia Automotive Motors Market Drivers and Challenges
• Indonesia Automotive Motors Price Trends
• Indonesia Automotive Motors Porter's Five Forces
• Indonesia Automotive Motors Industry Life Cycle
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Motor Type for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Brushed for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Brushless for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Stepper for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Function for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Performance for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Safety for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Comfort for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Vehicle Type for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Passenger car for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Light commercial vehicle for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Heavy commercial vehicle for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Electric Vehicle Type for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By BEV for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By HEV for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By PHEV for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By EV Motor Type for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Induction for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Traction for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Brushed for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Brushless for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Stepper for the Period 2020-2030
• Historical Data and Forecast of Indonesia Automotive Motors Market Revenues & Volume By Others for the Period 2020-2030
• Indonesia Automotive Motors Import Export Trade Statistics
• Market Opportunity Assessment By Motor Type
• Market Opportunity Assessment By Function
• Market Opportunity Assessment By Vehicle Type
• Market Opportunity Assessment By Electric Vehicle Type
• Market Opportunity Assessment By EV Motor Type
• Indonesia Automotive Motors Top Companies Market Share
• Indonesia Automotive Motors Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Automotive Motors Company Profiles
• Indonesia Automotive Motors Key Strategic Recommendations