Indonesia Automotive Aftermarket Service Market is expected to reach about USD 13.6 Bn in Revenue by 2026: Ken Research
GURUGRAM, India, June 29, 2021 /PRNewswire/ --
- 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.
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.
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
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
- 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
- Strength and Weakness of Major Players in Indonesia OEM Automotive 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
- Sourcing Spare Parts for Automobile Service Centers (OEM/Authorized Service Centers & Multi-Brand Service Centers)
- Indonesia Automotive Aftermarket Car Service Market Future Market Size
- Future Outlook and Projections for Indonesia Automotive Service Market
- Case Study: Car fix
- Analyst Recommendation
- Indonesia Multibrand car service market
- Indonesia car service market
- Indonesia after sales service market
- Indonesia OEM after sales service market
- Local Car service in Indonesia
- Car Repair in Indonesia
- Local Garages in Indonesia
- New cars sold in Indonesia
- Used cars sold in Indonesia
- Passenger Vehicle sales in Indonesia
- Pre Warranty cars in Indonesia
- Post warranty cars in Indonesia
- Crash repair in Indonesia
- Non-crash repair in Indonesia
- Frequency of crash repair in Indonesia
- Organized car service market in Indonesia
- Unorganized car service market in Indonesia
- Unorganized Multi Brand Car service in Indonesia
- Car service online booking in Indonesia
- Car service offline booking in Indonesia
- Hatchback car service in Indonesia
- Hatchback car repair in Indonesia
- Sedan car service in Indonesia
- Sedan car repair in Indonesia
- SUV car service in Indonesia
- SUV car repair in Indonesia
- MPV car service in Indonesia
- MPV car repair in Indonesia
- Luxury car service in Indonesia
- Luxury car repair in Indonesia
- Electric car service in Indonesia
- Electric car repair in Indonesia
- Mechanical and Electrical Car Repair Indonesia
- Car Detailing and Car Care in Indonesia
- Car Service in South Indonesia
- Car repair in South Indonesia
- Crash repair in South Indonesia
- Car Service in North Indonesia
- Car repair in North Indonesia
- Crash repair in North Indonesia
- Car Service in Central Indonesia
- Car repair in Central Indonesia
- Crash repair in Central Indonesia
- Car Service in East Indonesia
- Car repair in East Indonesia
- Crash repair in East Indonesia
- Online car service booking in Indonesia
- Offline car service booking in Indonesia
- Car Spare Parts Market Indonesia
- Cars Spare Parts Aftermarket Indonesia
- Car Spare Parts in Jakarta
- Car Spare parts in West Java
- Car spare parts in East Java
- Car spare parts in Sumatra
- Car spare parts in Kalimantan
- Car spare parts in Sulawesi
- Car spare parts in Nusa Tenggara
- Car spare parts in Bali
- Car spare parts in Papua
- Car spare parts in Makulu
- Electricals and Electronic Components Indonesia
- Consumables and Miscellaneous Indonesia
- Drive transmission and Steering Indonesia
- Trends in Indonesia Car service market
- Developments in Indonesia car service market
- Porters Five Forces Analysis in Indonesia car service market
- Government Regulation in Indonesia car service market
- Competition in Indonesia OEM Aftermarket Industry
- Competition in Indonesia Multi Brand Aftermarket Industry
- Car Service price packages in Indonesia
- OEM Car service price in Indonesia
- Multi brand car service price in Indonesia
- Operating Model of Organized car workshops in Indonesia
- Operating model of Unorganized car workshops in Indonesia
- Opportunity in Unorganized car Workshop in Indonesia
- Opportunity in Organized car workshop in Indonesia
- Car Spare parts ecosystem in Indonesia
- Multi brand car service future in Indonesia
- OEM Car service future in Indonesia
- Car service future in Indonesia
- Car Spare parts future in Indonesia
- Toyota Car Service
- Daihatsu Car Service
- Honda Car Service
- Mitsubishi Car Service
- Nissan Car Service
- Suzuki Car Service
- Bosch Auto Care Service
- Vertue Concept Car Service
- Brum Indonesia Car Service
- Garden Speed Car Service
- Autoglaze Indonesia Car Service
- CARfix Karang Tengah Car Service
For More Information On the research report, refer to below link:-
Indonesia Automotive Aftermarket Service Market
Related Reports:-
Malaysia automotive aftermarket service industry revenue stood at USD ~ Bn in 2020 and recorded a CAGR of 2.9% during 2015-2020. Multi-brand car service centers are majorly preferred by the users with out-of-warranty cars. Lower cost of multi-brand service centers & Availability of quality spares from reputed suppliers is leading to the growth of multi-brand car service centers in Malaysia. OEM car service centers in Malaysia witness the majority of the pre-warranty cars visiting their centers. High-quality service, genuine spare parts, and more reliability of the OEM service centers are other reasons why a customer prefers the OEM service centers in Malaysia.
Multi brand car service industry revenue stood at INR ~ Cr in FY'2020 and recorded a CAGR of 36.4% during FY'15-FY'20. Multi brand car service centers are majorly preferred by the users with out-of-warranty cars. Car insurance companies also highly prefer multi-brand centers as they provide OEM-quality repairs at a cost way less than authorized dealerships. Lower cost of multi brand service centers & Availability of quality spares from reputed suppliers is leading to the growth of multi brand car service centers in India. The market is witnessing emergence of Tech Enabled Auto Servicing startups to consolidate the huge unorganized 'garage' segment of service. Automotive slowdown & the COVID-19 pandemic brought a sustained downward trend in new passenger car sales in FY'21.
Indonesia's automotive aftermarket service industry revenue stood at USD ~ billion in 2021 and recorded a CAGR of 5.4% during 2015-2021. The multi-brand workshops dominate the Indonesian automotive aftermarket service industry due to their cheaper service fee and generalized service offerings. ~% of the after-sales care service market is captured by the multi-brand service centers owing to its low service & spare parts cost and high preference by post warranty car owners. OEM car service centers in Indonesia witness the majority of the pre-warranty cars visiting their centers. High-quality service, genuine spare parts and more reliability on the OEM service centers are other reasons why a customer prefers the OEM service centers in Indonesia.
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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