Press release
Indonesia Automotive Aftermarket Service Market is expected to reach about USD 13.6 Bn in Revenue by 2026: Ken Research
Automotive slowdown & the COVID-19 pandemic brought a sustained downward trend in new passenger car sales in 2020 in Indonesia
The Multi Brand car service market is anticipated to grow with a CAGR of 4.3% during the forecast period 2021-2026.
Indonesia Automotive Aftermarket Service Market Overview
Surging Used Car Sales in Tier II Cities: Indonesia is one of the largest automotive and used car markets in Southeast Asia. It is home to many OEMs having production and assembling plants in the country. Indonesia is witnessing a surge in the used car sales in Tier II cities of Indonesia which is signaling the rising average age of car, therefore impetus for car service market. The growing urban population and disposable income among the working population are contributing to the growth of the used car industry. Higher population of middle income group in Tier II cities has lead to the growing demand for used cars. The easy availability of financing options, on the other hand, has aided the industry's growth. The Indonesia used cars market is anticipated to witness a CAGR of 15.7% in terms of number of used cars sold during the forecast period 2020-2025.
Growing Vehicle Parc in Indonesia: Indonesia automotive industry in witnessing a surge in the number of vehicle parc which lead to higher demand for the multi brands and OEM car service companies in Indonesia. ~87% of the vehicle parc in Indonesia in 2020 were post warranty cars which generally visit the multi brand car service centers. Whereas, the pre warranty cars in the country prefer visiting the OEM car service centers. Multi brand service centers cost ~10-20% less as compared to the authorized car service center which is the major reason for consumer to shift to the multi brand service center during the post warranty period. Due to lack of spare parts knowledge consumers tend to go to authorized service centers for original spare parts. The number of car parc is anticipated to witness a CAGR of 2.8% during the forecast period 2021-2026.
For More Detail @ https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/indonesia-automotive-aftermarket-service-market-outlook-to-2026/444310-100.html
Ban on the cars above the age of 10 years: The Indonesia government is imposing ban on cars above the age of 10 years to reduce traffic jams on main thoroughfares. The govt. has levied congestion charges for cars from 2020, set an age limit of 10 years on vehicles on the road by 2025, tighten emission tests and rein in industrial discharges to reduce the air pollution. The ban will lead to an increased demand for the authorized and organized multi brand services centers in Indonesia.
The report titled "Indonesia Automotive Aftermarket Service Market Outlook to 2026: Influx of new players and car variants from abroad are contributing to the growth of automotive aftermarket service industry in Indonesia" by Ken Research suggested that the automotive aftermarket service market is further expected to grow in the near future with the surging used car sales in Tier II cities and entry of new authorized and multi brand players in the market. The market is expected to register a positive CAGR of 3.6% in terms of revenue during the forecast period of 2021-2026.
Key Segments Covered in Indonesia Automotive Aftermarket Service Market
By Type of Workshop
Multi Brand
OEM/Authorized
By Type of Multi Brand
Organized
Unorganized
By Type of Vehicle
MPV
Sedan
SUV
LCGC
Hatchback
By Age of Car
0-3 Years
3-8 Years
8 and Above years
By Region
West
Central
East
By Car Brand
Toyota
Daihatsu
Honda
Mitsubishi
Nissan
Suzuki
Others
By Booking Mode
Online
Offline
By Service Split
Repair and Replacement
Maintenance
Body Care
Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDQ0MzEw
Indonesia Spare Parts After Market Segmentation
By Type of Spare Parts
Lubricants and Oils
Suspension & Braking
Electrical Components
Engine Components
Consumables
Others
Key Target Audience
Automotive companies
OEM Car Service companies
Multi brand Car Service companies
Automotive Spare Parts Companies
Time Period Captured in the Report:
Historical Period: 2015-2021
Forecast Period: 2021-2026
OEM Car Dealers/Service Providers:
Wuling Motors
Auto 2000
Asco Automotive
Honda Indonesia Mobil
PT Nissan Motor Indonesia
Prima motor
NUSANTARA JAYA SENTOSA
United Motors Centre
Multi Brand Car Dealers/Service Providers:
Bosch Auto Care Service
Vertue Concept
Brum Indonesia
Garden Speed
Autoglaze Indonesia
CARfix Karang Tengah
Key Topics Covered in the Report
Indonesia Automotive Aftermarket Service Industry Overview
Multi Brand Car Service Market Indonesia
Ecosystem of Entities in Car Servicing in Indonesia
Trends and Development in Indonesia Automotive After Market Service Industry
Issues and Challenges in Indonesia Automotive After Market Service Industry
Porters Five Forces Analysis: Automotive Aftermarket Service in Indonesia
Government Regulation in Indonesia Automotive After Market Service Industry
Market Size of Indonesia After Market Service Industry
Indonesia Automotive Aftermarket Service Industry Segmentation
Competition in Indonesia OEM Aftermarket Industry
Competition in Indonesia Multi Brand Aftermarket Industry
Pricing Comparison of Major OEM Car Service Companies
Pricing Comparison of Major Multi Brand Car Service Companies
Operating Model of Organized and Unorganized Workshops
Operating Model of OEM Workshops
Indonesia Spare Parts Aftermarket Industry Overview
Indonesia Automotive Aftermarket Car Service Market Future Market Size
Future Outlook and Projections for Indonesia Automotive Service Market
Related Reports
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/malaysia-automotive-aftermarket-service-market-outlook-to-2025/427145-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/india-multi-brand-car-service-market-outlook-to-2025/426088-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/indonesia-used-car-market-outlook-to-2025/412166-100.html
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