Indonesia Passenger Car Market | Companies, Industry, Size, COVID-19 IMPACT, Share, Revenue, Growth, Forecast, Value, Analysis, Trends & Outlook

Indonesia Passenger Car Market Synopsis

The Indonesia passenger car market is one of the largest in Southeast Asia, with sales amounting to more than 1.2 million vehicles in 2019. The country?s automotive industry has been growing at a steady pace since 2010, and this trend is expected to continue over the forecast period (2020?2025). Indonesia offers an attractive market for both domestic and foreign automakers due to its large population, rising middle class, and relatively low vehicle ownership rates compared to other countries in the region.

Market Trends

The Indonesia passenger car market is dominated by Japanese manufacturers such as Toyota and Honda, which account for about 70% of total sales. Other popular brands include Daihatsu, Suzuki, Hyundai, Mitsubishi Motors Corporation (MMC), Ford Motor Company (FMC), Nissan Motor Company (Nissan) and Volkswagen Group. In recent years there has been a shift towards smaller cars with better fuel efficiency due to rising oil prices and increasing environmental awareness among consumers. Electric vehicles are also becoming increasingly popular as government incentives have made them more affordable for consumers.

Market Drivers

The major drivers of growth in the Indonesia passenger car market are increasing disposable incomes among middle-class households; favorable government policies such as tax exemptions on new vehicle purchases; availability of financing options from banks; technological advancements that make cars safer, more comfortable and fuel-efficient; expansion into rural markets; strong demand for luxury models from high-income earners; improved infrastructure leading to easier access across cities; increase in business travel needs within Indonesia & abroad.

COVID-19 Impact on the Market

The Indonesia passenger car market has been drastically impacted by the COVID-19 pandemic. Since March 2020, Indonesia nationwide movement control order (MCO) put in place to contain the spread of COVID-19 has resulted in a sharp decline in passenger car sales. According to data from automotive industry association Gaikindo, total vehicle sales fell 97% year on year during April 2020 due to the disruption caused by lockdowns and travel restrictions imposed as part of efforts to curb the virus. This downward trend is expected to continue through 2021 as economic recovery remains uncertain given rising cases of coronavirus infections throughout Indonesia.

Challenges of the Market

The current challenging environment presents several challenges for automakers looking towards increasing their presence in this growing market. These include difficulties related to financing vehicles due to credit tightening measures taken by banks amidst weak economic conditions; lack of production capacity among local manufacturers; and increased competition from imported cars which may be more attractive due to lower prices or better features compared with locally produced models. Additionally, high taxes levied on new vehicles have further decreased demand for new cars among consumers resulting into significant losses in profitability among automakers operating within this market segment.

Industry Key Players

Indonesia domestic auto sector is dominated by four main players ? Toyota (80%), Honda (11%), Suzuki (6%) and Daihatsu (3%). Other key players include Hyundai Motor Group, Isuzu Motors, Nissan Motors, Mitsubishi Motors Corporation and Ford Motor Company who all have a presence within this market segment although they hold significantly smaller shares when compared with these top four companies mentioned previously.

Key Highlights of the Report:

• Indonesia Passenger Car Market Outlook
• Market Size of Indonesia Passenger Car Market, 2023
• Forecast of Indonesia Passenger Car Market, 2030
• Historical Data and Forecast of Indonesia Passenger Car Revenues & Volume for the Period 2020-2030
• Indonesia Passenger Car Market Trend Evolution
• Indonesia Passenger Car Market Drivers and Challenges
• Indonesia Passenger Car Price Trends
• Indonesia Passenger Car Porter's Five Forces
• Indonesia Passenger Car Industry Life Cycle
• Historical Data and Forecast of Indonesia Passenger Car Market Revenues & Volume By Type for the Period 2020-2030
• Historical Data and Forecast of Indonesia Passenger Car Market Revenues & Volume By Hatchback for the Period 2020-2030
• Historical Data and Forecast of Indonesia Passenger Car Market Revenues & Volume By Sedan for the Period 2020-2030
• Historical Data and Forecast of Indonesia Passenger Car Market Revenues & Volume By Utility Vehicle for the Period 2020-2030
• Historical Data and Forecast of Indonesia Passenger Car Market Revenues & Volume By Fuel Type for the Period 2020-2030
• Historical Data and Forecast of Indonesia Passenger Car Market Revenues & Volume By Gasoline for the Period 2020-2030
• Historical Data and Forecast of Indonesia Passenger Car Market Revenues & Volume By Diesel for the Period 2020-2030
• Historical Data and Forecast of Indonesia Passenger Car Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Indonesia Passenger Car Market Revenues & Volume By Engine Capacity for the Period 2020-2030
• Historical Data and Forecast of Indonesia Passenger Car Market Revenues & Volume By <1000 cc for the Period 2020-2030
• Historical Data and Forecast of Indonesia Passenger Car Market Revenues & Volume By <1000-1500 cc for the Period 2020-2030
• Historical Data and Forecast of Indonesia Passenger Car Market Revenues & Volume By <1500-2000 cc for the Period 2020-2030
• Historical Data and Forecast of Indonesia Passenger Car Market Revenues & Volume By >2000 cc for the Period 2020-2030
• Historical Data and Forecast of Indonesia Passenger Car Market Revenues & Volume By Propulsion Type for the Period 2020-2030
• Historical Data and Forecast of Indonesia Passenger Car Market Revenues & Volume By IC Engine for the Period 2020-2030
• Historical Data and Forecast of Indonesia Passenger Car Market Revenues & Volume By Electric Vehicle for the Period 2020-2030
• Indonesia Passenger Car Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Fuel Type
• Market Opportunity Assessment By Engine Capacity
• Market Opportunity Assessment By Propulsion Type
• Indonesia Passenger Car Top Companies Market Share
• Indonesia Passenger Car Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Passenger Car Company Profiles
• Indonesia Passenger Car Key Strategic Recommendations