Indonesia Used Car Market (2024-2030) | Value, Revenue, Share, Growth, Forecast, Industry, Analysis, Size, Trends, Companies & Outlook

Topics Covered in Indonesia Used Car Market Report

The Indonesia Used Car Market Report thoroughly covers the market by vehicle type, vendor and fuel type. The Indonesia Used Car Market Outlook report provides an unbiased and detailed analysis of the ongoing Indonesia Used Car Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.

Indonesia Used Car Market Synopsis

The Indonesia Used Car Market has witnessed significant growth and is expected to grow further in the future. This growth can be attributed to the increasing preference for used cars over new cars, especially among the middle-class and young population, who seek more affordable and reliable mobility options.

According to the 6Wresearch, Indonesia Used Car Market size is projected to rise at a CAGR of 5.79% during 2024-2030. One of the main drivers of this market is the growing availability and accessibility of online platforms, which offer a wide range of Used Car options, along with value-added services, such as inspection, certification, warranty, and financing. Another factor driving this market is the growing popularity of compact and subcompact cars, which are more affordable and fuel-efficient, making them attractive options for budget-conscious consumers. These factors have been stimulating the Indonesia Used Car Market growth.

However, there are also some challenges faced by this market, such as the lack of standardization and regulation, the competition from new car sales and public transportation, and the impact of the COVID-19 pandemic, which may affect the consumer confidence and behavior, as well as the supply and demand of the Used Car market.

Used Car market in Indonesia: Leading Players

Some key players in the Indonesian Used Car market include Mobil88, OLX, Carmudi, and BeliMobilGue. These companies are at the forefront of the industry, offering comprehensive services through both online platforms and physical branches. They continuously innovate and adapt to meet the evolving demands of consumers, ensuring a dynamic marketplace for Used Cars in Indonesia.

Indonesia Used Car Industry: Government Initiatives

Indonesia's government has introduced several initiatives to bolster the Used Car industry. These include the Low-Cost Green Car (LCGC) program, offering tax incentives for fuel-efficient vehicles, and the One Price Fuel Policy, which equalizes fuel prices nationwide. Additionally, regulations ensure the quality and safety of Used Cars, requiring sellers to obtain certificates of roadworthiness. These measures aim to promote growth and sustainability in the country's Used Car market.

Future Insights of the Market

The Indonesia Used Car market is poised for steady growth, driven by increasing demand from diverse consumer segments including first-time buyers, young professionals, families, and businesses. These consumers prioritize value for money and convenience in their mobility choices. Furthermore, technological advancements such as artificial intelligence, big data, and blockchain are anticipated to enhance the efficiency and transparency of the buying and selling process, as well as the quality and reliability of Used Car products and services.

Market Segmentation by Vehicle Type

According to Ravi Bhandari, Research Head, 6Wresearch, one of the top-selling segments in the Indonesian used car market is hatchbacks. These compact cars are known for their fuel efficiency, easy manoeuvrability in urban areas, and lower maintenance costs. With the rise of traffic congestion in major cities like Jakarta, hatchbacks have become a practical and popular choice for daily commuting.

Market Segmentation by Vendor

Indonesia's used car market has seen significant growth over the past decade. The rising demand for affordable transportation options, coupled with the increasing availability of financing options, has fueled this growth. As a result, both organized and unorganized vendors are experiencing an increase in sales.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Indonesia Used Car Market Outlook
• Market Size of Indonesia Used Car Market, 2023
• Forecast of Indonesia Used Car Market, 2030
• Historical Data and Forecast of Indonesia Used Car Revenues & Volume for the Period 2020-2030
• Indonesia Used Car Market Trend Evolution
• Indonesia Used Car Market Drivers and Challenges
• Indonesia Used Car Price Trends
• Indonesia Used Car Porter's Five Forces
• Indonesia Used Car Industry Life Cycle
• Historical Data and Forecast of Indonesia Used Car Market Revenues & Volume By Vehicle Type for the Period 2020-2030
• Historical Data and Forecast of Indonesia Used Car Market Revenues & Volume By Hatchbacks for the Period 2020-2030
• Historical Data and Forecast of Indonesia Used Car Market Revenues & Volume By Sedan for the Period 2020-2030
• Historical Data and Forecast of Indonesia Used Car Market Revenues & Volume By Sports Utility Vehicle for the Period 2020-2030
• Historical Data and Forecast of Indonesia Used Car Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Indonesia Used Car Market Revenues & Volume By Vendor for the Period 2020-2030
• Historical Data and Forecast of Indonesia Used Car Market Revenues & Volume By Organized for the Period 2020-2030
• Historical Data and Forecast of Indonesia Used Car Market Revenues & Volume By Unorganized for the Period 2020-2030
• Historical Data and Forecast of Indonesia Used Car Market Revenues & Volume By Fuel Type for the Period 2020-2030
• Historical Data and Forecast of Indonesia Used Car Market Revenues & Volume By Gasoline for the Period 2020-2030
• Historical Data and Forecast of Indonesia Used Car Market Revenues & Volume By Diesel for the Period 2020-2030
• Historical Data and Forecast of Indonesia Used Car Market Revenues & Volume By Alternative Fuel Vehicles for the Period 2020-2030
• Indonesia Used Car Import Export Trade Statistics
• Market Opportunity Assessment By Vehicle Type
• Market Opportunity Assessment By Vendor
• Market Opportunity Assessment By Fuel Type
• Indonesia Used Car Top Companies Market Share
• Indonesia Used Car Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Used Car Company Profiles
• Indonesia Used Car Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Vehicle Type

• Hatchbacks
• Sedan
• Sports Utility Vehicle
• Others

By Vendor

• Organized
• Unorganized

By Fuel Type

• Gasoline
• Diesel
• Alternative Fuel Vehicles

Indonesia Used Car Market (2024-2030): FAQs