Indonesia Automotive Aftermarket Parts Market size is projected to grow at a CAGR of 5.2% during 2024E-2030F

Lubricants by Product Type held the highest revenue share of Indonesia Automotive Aftermarket Parts Market -6Wresearch

In 2023, Lubricants dominated Indonesia aftermarket automotive parts market due to their frequent replacement intervals and critical role in vehicle performance as well as longevity. Furthermore, lubricants require to be replaced on regular basis to maintain optimal engine performance, prevent wear and tear, and ensure fuel efficiency.

According to 6Wresearch, Indonesia Automotive Aftermarket Parts Market size is projected to grow at a CAGR of 5.2% during 2024E-2030F. In recent years, the Indonesian automotive aftermarket parts market has witnessed significant growth. The sector's expansion has been driven by a surge in vehicle ownership and usage, with two-wheeler sales increasing by 19.4% year-on-year to over 6 million units in 2023, and car sales rising by 8% in the first half of the same year. This growth is attributed to rapid urbanization, rising incomes, and increased mobility needs. Additionally, the rise in road accidents— with incidents increasing from 116,411 in 2019 to 139,258 in 2022— has further fueled demand for maintenance and repair services.

Additionally, overall vehicle sales in Indonesia have demonstrated substantial growth, with figures climbing to 794,126 units in 2023 from 459,631 units in 2020 an increase of nearly 70%. This rise in vehicle sales is anticipated to have a favorable impact on the automotive aftermarket parts market. As the number of vehicles on the road increases, the need for regular maintenance and repair services will correspondingly grow. Each vehicle necessitates routine upkeep to ensure optimal performance, reliability, and safety, which in turn drives demand for aftermarket parts and services.

According to Shubhamdeep, Senior Research Analyst, 6Wresearch, Island, Sulawesi is expected to register most growth in Indonesia's automotive aftermarket parts market, driven by growing number of vehicle sales in this region. However, Java would hold the highest number of revenues owing to the large number of vehicles registered in the island.

Indonesia Automotive Aftermarket Parts Market (2024-2030) report provides an in-depth analysis with 28 figures and 17 tables, covered in 131 pages. The report thoroughly covers market By Clutch, By Tensioners, By Lubricants, By Battery, By Bearings, By Product Types & Island.Indonesia Automotive Aftermarket Parts Market outlook report provides an unbiased and detailed analysis of the on-going Indonesia Automotive Aftermarket Parts Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.