New Cars in Indonesia
Summary
New Cars in Indonesia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- New cars market consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
- The Indonesian new cars market recorded revenues of $12.0 billion in 2023, representing a compound annual growth rate (CAGR) of 6.8% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 6.7% between 2018 and 2023 to reach a total of 758.6 thousand units in 2023.
- The contraction of the Indonesian new cars market in 2023 was largely due to high interest rates, which impacted financing options for consumers. Bank Indonesia has raised its key interest rate to 6.00% to support the Rupiah rate following its October 2023 monetary policy meeting. The central bank also increased its deposit and lending facilities by 25 basis points each to 5.25 percent and 6.75 percent, respectively.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Indonesia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Indonesia
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Indonesia new cars market with five year forecasts
- What was the size of the Indonesia new cars market by value in 2023?
- What will be the size of the Indonesia new cars market in 2028?
- What factors are affecting the strength of competition in the Indonesia new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up Indonesia's new cars market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Geography segmentation
- 1.6. Market share
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What are the strengths of the leading players?
- 7.4. What strategies do the leading players follow?
- 8 Company Profiles
- 8.1. Toyota Motor Corp
- 8.2. Honda Motor Co Ltd
- 8.3. Suzuki Motor Corp
- 8.4. Renault-Nissan-Mitsubishi Alliance
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Indonesia new cars market value: $ billion, 2018-23
- Table 2: Indonesia new cars market volume: units, 2018-23
- Table 3: Indonesia new cars market geography segmentation: $ billion, 2023
- Table 4: Indonesia new cars market value forecast: $ billion, 2023-28
- Table 5: Indonesia new cars market volume forecast: units, 2023-28
- Table 6: Indonesia new cars market share: % share, by volume, 2023
- Table 7: Toyota Motor Corp: Key Facts
- Table 8: Toyota Motor Corp: Annual Financial Ratios
- Table 9: Toyota Motor Corp: Key Employees
- Table 10: Toyota Motor Corp: Key Employees Continued
- Table 11: Honda Motor Co Ltd: Key Facts
- Table 12: Honda Motor Co Ltd: Annual Financial Ratios
- Table 13: Honda Motor Co Ltd: Key Employees
- Table 14: Suzuki Motor Corp: Key Facts
- Table 15: Suzuki Motor Corp: Annual Financial Ratios
- Table 16: Suzuki Motor Corp: Key Employees
- Table 17: Renault-Nissan-Mitsubishi Alliance: Key Facts
- Table 18: Indonesia Size of Population (million), 2019-23
- Table 19: Indonesia real GDP (Constant 2010 Prices, $ billion), 2019-23
- Table 20: Indonesia GDP (Current Prices, $ Billion), 2019-23
- Table 21: Indonesia Inflation, 2019-23
- Table 22: Indonesia Consumer Price Index (Absolute), 2019-23
- Table 23: Indonesia Exchange Rate, 2018-23
- List of Figures
- Figure 1: Indonesia new cars market value: $ billion, 2018-23
- Figure 2: Indonesia new cars market volume: units, 2018-23
- Figure 3: Indonesia new cars market geography segmentation: % share, by value, 2023
- Figure 4: Indonesia new cars market value forecast: $ billion, 2023-28
- Figure 5: Indonesia new cars market volume forecast: units, 2023-28
- Figure 6: Forces driving competition in the new cars market in Indonesia, 2023
- Figure 7: Drivers of buyer power in the new cars market in Indonesia, 2023
- Figure 8: Drivers of supplier power in the new cars market in Indonesia, 2023
- Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Indonesia, 2023
- Figure 10: Factors influencing the threat of substitutes in the new cars market in Indonesia, 2023
- Figure 11: Drivers of degree of rivalry in the new cars market in Indonesia, 2023
- Figure 12: Indonesia new cars market share: % share, by volume, 2023
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