Indonesia Used Car Market Growth, Size, Trends, Demand, Revenue, Share and Future Competition
Indonesia Used Car Market Size- By Vehicle Type, By Booking Channel, By Financing Providers- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2023 | Report ID: AMIN23165 | Pages: 1 - 108 | Formats*: |
| Category : Automotive & Transportation | |||
Indonesia Used Car Market Introduction and Overview
According to SPER Market Research, the Indonesia Used Car Market is estimated to reach USD 94.20 billion by 2033 with a CAGR of 6.02%.
The report includes an in-depth analysis of the Indonesia Used Car Market, including market size and trends, product mix, distribution channels, and supplier analysis. Used cars are a reasonable and cost-effective option for consumers looking for dependable mobility without breaking their budgets. Purchasing a used car provides a diverse choice of brands, models, and price points to meet a diverse set of demands and budgets. Because these previously owned vehicles have already depreciated, they are less expensive than new vehicles. Furthermore, the used car market offers a diverse selection, allowing clients to find certain features, styles, or even vintage vehicles that are no longer available new. Although thorough research and inspections are required, buying a used car can be a good choice for anyone looking for quality, value, and the ability to customize their vehicle to their preferences.
- May 2022: Carsome Indonesia struck a collaboration deal with Indonesian Bank Jago Tbk for automotive financing to assist Carsome Indonesia's business, which concentrates on buying and selling used vehicles online.
- Hyundai unveiled the Hyundai Smart Deal, a cutting-edge financing option that lets buyers purchase a Hyundai vehicle for up to 50% less than they would otherwise pay. When the last installment is completed, the program promises an amazing 70% market value when trading in the vehicle for a new Hyundai car. It also offers worry-free maintenance perks.
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Market Opportunities and Challenges
Indonesia Used Car market offers a variety of opportunities and challenges. SUVs, or sport utility vehicles, have grown in popularity among Indonesian buyers of secondhand cars in recent years. Customers are constantly interested in perusing the available SUV models, and dealers are in a competitive position to provide new SUVs to cater to this expanding market. Additionally, as customers' choice for private transportation options grows as a result of rising GDP per capita and personal disposable income, online auto marketplaces are emerging as major drivers of the expansion of the used car market in Qatar, along with rising new vehicle pricing.
The Indonesian used car market is confronted with a number of significant challenges. First and foremost, there is a dearth of transparency and regulation in the industry, which leaves it open to fraudulent operations like selling stolen cars and fiddling with odometers. This damages the confidence and trust of customers. Second, potential purchasers are deterred by the comparatively high cost of secondhand cars due to high import taxes and customs. Furthermore, the assessment of a used car's history and condition is hampered by the absence of uniform vehicle certification and inspection procedures. Further limiting market expansion is the scarcity of financing options for used car transactions.
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Market Competitive Landscape
The Indonesian used automobile market is divided, with internet companies and company-owned used car dealers holding the majority of the market share. OLX, iCarAsia, Carsome, Caroline, Carro, PT Tunas Ridean Tbk, Toyota Trust, Suzuki Auto Value, and other prominent firms are among them.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Vehicle Type, By Booking Channel, By Financing Providers |
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region |
| Companies Covered | Carsome, Caroline, Carro, OLX, iCarAsia, Diamond Smart Auto, PT Tunas Ridean Tbk, Toyota Trust, Suzuki Auto Value, and others. |
COVID-19 Impact on Indonesia Used Car Market
The used car market fell in 2020 as a result of the COVID-19 pandemic. PSBB (Massive Social Restriction) was implemented in West Java, the province that includes Bekasi, Bandung, Karawang, and other cities, in response to the impact of the new coronavirus.
Key Target Audience
- First time Car Buyers
- Middle Class People
- Budget-Conscious Consumers
- Young Professionals & Students
Our in-depth analysis of the Indonesia Used Car Market includes the following segments:
| By Vehicle Type: |
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| By Booking Channel: |
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| By Financing Providers: |
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| By Region: |
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Key Topics Covered in the Report
- Indonesia Used Car Market Size (FY’2023-FY’2033)
- Overview of Indonesia Used Car Market
- Segmentation of Kenya Logistics and Warehousing Market By Vehicle Type (Hatchback, Sedan, Sport Utility Vehicle, Multi-purpose Vehicle)
- Segmentation of Kenya Logistics and Warehousing Market By Booking Channel (Online
- OEM Certified/Authorized Dealerships, Multi Brand Dealerships)
- Segmentation of Kenya Logistics and Warehousing Market By Financing Providers (OEMs, Banks, Non-Banking Financial Companies)
- Statistical Snap of Indonesia Used Car Market
- Expansion Analysis of Indonesia Used Car Market
- Problems and Obstacles in Indonesia Used Car Market
- Competitive Landscape in the Indonesia Used Car Market
- Impact of COVID-19 and Demonetization on Indonesia Used Car Market
- Details on Current Investment in Indonesia Used Car Market
- Competitive Analysis of Indonesia Used Car Market
- Prominent Players in the Indonesia Used Car Market
- SWOT Analysis of Indonesia Used Car Market
- Indonesia Used Car Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Indonesia Used Car Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Indonesia Used Car Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Indonesia Used Car Market
7. Indonesia Used Car Market, By Vehicle Type (USD Million)
7.1. Indonesia Used Car Market Value Share and Forecast, By Mode of Freight, 2023-20337.2. Hatchback7.3. Sedan7.4. Sport Utility Vehicle7.5. Multi-purpose Vehicle
8. Indonesia Used Car Market, By Booking Channel (USD Million)
8.1. Indonesia Used Car Market Value Share and Forecast, By Booking Channel, 2023-20338.2. Online8.3. OEM Certified/Authorized Dealerships8.4. Multi Brand Dealerships
9. Indonesia Used Car Market, By Financing Providers (USD Million)
9.1. Indonesia Used Car Market Value Share and Forecast, By Financing Providers, 2023-20339.2. OEMs9.3. Banks9.4. Non-Banking Financial Companies
10. Indonesia Used Car Market Forecast, 2019-2033 (USD Million)
10.1. Indonesia Used Car Market Size and Market Share
11. Indonesia Used Car Market, By Vehicle Type, 2019-2033 (USD Million)
11.1. Indonesia Used Car Market Size and Market Share By Vehicle Type (2019-2026)11.2. Indonesia Used Car Market Size and Market Share By Vehicle Type (2027-2033)
12. Indonesia Used Car Market, By Booking Channel, 2019-2033 (USD Million)
12.1. Indonesia Used Car Market Size and Market Share By Booking Channel (2019-2026)12.2. Indonesia Used Car Market Size and Market Share By Booking Channel (2027-2033)
13. Indonesia Used Car Market, By Financing Providers, 2019-2033 (USD Million)
13.1. Indonesia Used Car Market Size and Market Share By Financing Providers (2019-2026)13.2. Indonesia Used Car Market Size and Market Share By Financing Providers (2027-2033)
14. Indonesia Used Car Market, By Warehousing, 2019-2033 (USD Million)
14.1. Indonesia Used Car Market Size and Market Share By Warehousing (2019-2026)14.2. Indonesia Used Car Market Size and Market Share By Warehousing (2027-2033)
15. Indonesia Used Car Market, By Region, 2019-2033 (USD Million)
15.1. Indonesia Used Car Market Size and Market Share By Region (2019-2026)15.2. Indonesia Used Car Market Size and Market Share By Region (2027-2033)15.3. Eastern Region15.4. Western Region15.5. Southern Region15.6. Northern Region
16. Company Profile
16.1. BMW Premium Selection
16.1.1. Company details16.1.2. Financial outlook16.1.3. Product summary16.1.4. Recent developments
16.2. Caroline
16.2.1. Company details16.2.2. Financial outlook16.2.3. Product summary16.2.4. Recent developments
16.3. Cars24
16.3.1. Company details16.3.2. Financial outlook16.3.3. Product summary16.3.4. Recent developments
16.4. Diamond Smart Auto
16.4.1. Company details16.4.2. Financial outlook16.4.3. Product summary16.4.4. Recent developments
16.5. Mercedes Certified
16.5.1. Company details16.5.2. Financial outlook16.5.3. Product summary16.5.4. Recent developments
16.6. OLX Indonesia
16.6.1. Company details16.6.2. Financial outlook16.6.3. Product summary16.6.4. Recent developments
16.7. Pt Tunas Ridean Tbk.
16.7.1. Company details16.7.2. Financial outlook16.7.3. Product summary16.7.4. Recent developments
16.8. Suzuki Auto Value
16.8.1. Company details16.8.2. Financial outlook16.8.3. Product summary16.8.4. Recent developments
16.9. Others
17. List of Abbreviations
18. Reference Links
19. Conclusion
20. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Indonesia Used Car Market is projected to reach USD 94.20 billion by 2033, growing at a CAGR of 6.02% during the forecast period.
Indonesia Used Car Market grew in market size from 2022. The Market is expected to reach USD 94.20 billion by 2033, at a CAGR of 6.02% during the forecast period.
Indonesia Used Car Market CAGR of 6.02% during the forecast period.
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Indonesia Used Car Market size is USD 94.20 billion from 2023 to 2033.
Indonesia Used Car Market Segment is covered By Vehicle Type, By Booking Channel, By Financing Providers.
The Asia-Pacific is anticipated to have the highest market share in the Indonesia Used Car Market.
The key players in the market include Companies Covered Carsome, Caroline, Carro, OLX, iCarAsia, Diamond Smart Auto, PT Tunas Ridean Tbk, Toyota Trust, Suzuki Auto Value, and others.
Customers are constantly interested in perusing the available SUV models, and dealers are in a competitive position to provide new SUVs to cater to this expanding market.
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