With a large number of automobiles made and sold each year, the automotive sector plays a vital role in the Indonesian economy. The need for automotive aftermarket services has increased along with the development in vehicle sales. The phrase "Indonesia Automotive Aftermarket Service Market" describes the assortment of products and services provided following the initial sale of a vehicle, including fixes, upkeep, replacement components, and other associated services.
The burgeoning middle class and rising car ownership in Indonesia are two factors driving the demand for automotive aftermarket services. The government's initiatives to advance the automobile industry, which have led to a rise in investments in the sector, are also helping the market. As a result, there are more individual shops, authorised repair centres, and internet markets that offer automobile aftermarket services.
Because of expanding vehicle sales, rising disposable incomes, and a greater understanding of the value of vehicle maintenance, the need for automotive aftermarket services is anticipated to develop in Indonesia. In this regard, it is essential for companies and investors intending to capitalise on this quickly expanding industry to comprehend the trends and dynamics of the Indonesia Automotive Aftermarket Service Market.
The COVID-19 epidemic has significantly impacted the Indonesian automobile market for aftermarket services, among other areas. The pandemic had a significant impact on Indonesia's automobile industry, with production and sales of vehicles falling precipitously in the following year. As a result, there were fewer automobiles in need of upkeep and repair, which had an impact on the aftermarket services business. Many automobile aftermarket service providers' businesses were impacted by the pandemic's movement restrictions and social segregation policies. Many workshops had to temporarily close, and those that were still open had to put safety precautions in place to safeguard both their staff and consumers.
Indonesia Automotive Aftermarket Service Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Asco Automotive, Auto 2000, Autoglaze Indonesia, Bosch Auto Care Service, Brum Indonesia, CARfix Karang Tengah, Garden Speed, Honda Indonesia Mobil, Nusantara jaya Sentosa, Prima motor, PT Nissan Motor Indonesia, United Motors Centre, Vertue Concept, Wuling Motors.
Indonesia Automotive Aftermarket Service Market Segmentation:
By Type of Vehicle: Based on the Type of Vehicle, Indonesia Automotive Aftermarket Service Market is segmented as; Hatchback, LCGC, MPV, Sedan, SUV.
By Type of Workshop: Based on the Type of Workshop, Indonesia Automotive Aftermarket Service Market is segmented as; Multi-Brand, OEM.
By Type of Multi-Brand: Based on the Type of Multi-Brand, Indonesia Automotive Aftermarket Service Market is segmented as; Organized, Unorganized.
By Car Brand: Based on Car Brand, Indonesia Automotive Aftermarket Service Market is segmented as; Daihatsu, Honda, Mitsubishi, Nissan, Suzuki, Toyota, others.
By Booking Mode: Based on Booking Mode, Indonesia Automotive Aftermarket Service Market is segmented as; Offline, Online.
By Service: Based on Service, Indonesia Automotive Aftermarket Service Market is segmented as; Body Care, Maintenance, Repair and Replacement.
By Age of Car: Based on Age of Car, Indonesia Automotive Aftermarket Service Market is segmented as; 0-3 years, 3-8 years, 8 years and Above.
By Region: In Indonesia, the market for automotive services was controlled by the west. The western region has a huge population and the capital city of Jakarta, which contributes significantly to the market for automobile servicing due to the greatest number of vehicle sales in that area.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.