Press release
Indonesia Automotive Aftermarket Service Market Growth Rate, Market Analysis, Market Revenue, Market Forecast, Market Trend and Outlook to 2029
The Indonesia automotive aftermarket service market is expected to increase steadily as more vehicle owners emerge and the public becomes more aware of the importance of regular vehicle care. In 2024, the country's overall vehicle population will exceed 150 million units, with passenger vehicles accounting for approximately 35% of the total. The Indonesian automobile aftermarket service business is also being boosted by middle-class consumers' rising need for aftermarket services such as maintenance and repairs. As the population shifts toward more cost-effective options, the demand for third-party service providers and independent garages grows, with approximately 60% of car owners choosing such suppliers.
Indonesia Automotive Aftermarket Service Market Major Growth Drivers
• Multi-purpose vehicles lead in terms of demand for after-sales services including repair, maintenance, tire replacement, and changes in oil. This segment accounts for more than 68% of the total passenger car sale units in 2024. Also, multi-purpose vehicle owners spent 15% more than any other car owners on repairs and maintenance.
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• Over the past years the average age of vehicle in Indonesia increased and it reached over 12.3 years in 2024 from 10.8 years in 2018. This increase is due to the vehicle owners being more conscious of regular repairs and maintenance, and with workshops providing services such as suspension repairs, engine overhauls, and transmission repairs. A shift in the last two years has been noted where vehicle owners prefer old vehicles, hence servicing of old vehicles increased by 28%.
• The rapid infrastructure development in rural areas have increased the vehicle adoption among tier-2 and tier-3 cities. The rising vehicle ownership in the rural area is leading to need for basic repair and maintenance services, increasing the number of new service centers by over 65% as of 2024 in these areas.
• The growing electric-vehicle (EVs) market is generating opportunities for service centers that provide hybrid and electric vehicle maintenance. In 2024, nearly 5,000 workshops were equipped to handle battery replacements and other electric-vehicle (EVs) maintenance. Further, the government's aim to increase electric-vehicle (EVs) share by 20% by 2025 also fuels the aftermarket service market of Indonesia.
Get an In-Depth Analysis of Indonesia Automotive Aftermarket Service Market [2023-2029] @ https://www.tracedataresearch.com/industry-report/indonesia-automotive-aftermarket-service-market
Indonesia Automotive Aftermarket Service Market Ecosystem
The Indonesia automotive aftermarket service market is moderately fragmented, with OEM-authorized centers, independent garages, and local dealers fighting for dominance. The independent garages dominate the market due to their cost-effective services with nearly 78% of vehicle owners choosing their services in 2024. The key players of the market are Auto2000, Astra Otoparts, and CARfix. Auto2000 has recently expanded its service network to by launching digital platform allowing vehicle owners to book service online. Auto2000 has also expanded its network with approximately 120 service centers as of 2024. Astra Otoparts, specialised in catering the demand for sustainable automotive solution has witnessed over 15% increase in sales of hybrid and EV components as of 2024. Meanwhile, CARfix expanded its reach to tier-2 and tier-3 cities by opening 30 new outlets in 2024, catering the need of underserved regions.
Indonesia Automotive Aftermarket Service Market Future Outlook
The Indonesia automotive aftermarket service market is projected to grow through 2029, with evolving consumer needs, rapid infrastructure transformation, and government initiatives driving the market. The vehicle age continues to increase and is expected to each 13 years by 2029, leveraging more demand for maintenance and repair services. The adoption of digital platforms for booking services is also revolutionize the market with over 50% of aftermarket transactions occurring through digital platforms by 2029. Furthermore, government introducing many initiatives for sustainability with aim to reduce carbon emissions by 32% by 2030 also creates opportunities for eco-friendly automotive aftermarket services.
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Consultant at TraceData Research In their latest publication "Indonesia Automotive Aftermarket Service Market Outlook to 2029: By type of vehicle (Hatchback, LCGC, MPV, Sedan, SUV), By type of workshop (Multi-Brand, OEM), and By type of multi-brand (Organized, Unorganized)" believe that the companies should expand their networks in tier-2 and tier-3 cities, adopt EV maintenance services, and introduce digital platforms for capturing the Indonesia automotive aftermarket services.
Explore Our Other Related Report by Trace Data: -
Malaysia Automotive Aftermarket Service Market- https://www.tracedataresearch.com/industry-report/malaysia-automotive-aftermarket-service-market
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TraceData Research is a full-stack market research company founded by research professionals with over 15 years of industry experience. The company is recognized for its proprietary methodologies, deep consumer understanding, high-quality research, and entrepreneurial mindset.
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