Press Release

More than 50% Indonesians Ride Honda Motorcycles

Easy availability of finance options, expanding middle class consumer base and rising youth population to fuel demand for two-wheelers in Indonesia through 2022

According to TechSci Research report, “Indonesia Two-Wheeler Market By Vehicle Type, By Engine Capacity, Competition Forecast & Opportunities, 2012-2022”, Indonesia two-wheeler market is projected to cross $ 9 billion by 2022. Anticipated market growth can be attributed to the expanding base of middle class consumers and increasing inclination of young population towards two-wheelers in Indonesia. Furthermore, easy finance options available for two-wheelers and increasing penetration of the international two-wheeler manufacturers in Indonesia is further anticipated to fuel growth in the country’s two-wheelers market over the course of next five years. On account of the above stated factors, major two-wheeler players like Honda and Yamaha are focusing on expanding their manufacturing capacities in Indonesia to address the rising demand for motorcycles, scooters and mopeds.

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In 2016, among the two-wheeler segments, scooter had the dominant position in Indonesia two-wheeler market, followed by motorcycles and mopeds. Scooter segment is expected to maintain its dominance during the forecast period as well on account of economical pricing as compared to other two-wheelers and better mileage and riding comfort offered by them. Moreover, continuing growth in two-wheeler taxi business and the rising demand for scooters from female drivers is further expected to propel growth in Indonesia scooter market over the span of next five years. On the basis of engine capacity, two-wheelers with the 0-150cc capacity have dominated the market and are likely to continue their dominance during the forecast period as well. Among regions, Java is the major demand generator for two-wheelers, followed by Sumatra. The provinces under the Java region, namely Jakarta, West Java, East Java, Central Java, Saurabaya, account for a huge cumulative share in the overall vehicle fleet of Indonesia. Honda is the market leader in Indonesia two-wheeler market, followed by Yamaha, Suzuki, Kawasaki, and TVS. “Due to the poor transport facility, there is a huge demand for two-wheelers in Indonesia, and this phenomenon has attracted many major two-wheeler manufacturers to cater to the growing demand, thereby positively influencing Indonesia two-wheeler market.  Moreover, rising disposable income coupled with the easy financial assistance would further steer growth in two-wheeler market in Indonesia.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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Indonesia Two-Wheeler Market By Vehicle Type, By Engine Capacity, Competition Forecast & Opportunities, 2012-2022 has evaluated the future growth potential of two-wheelers in Indonesia, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the Indonesia two-wheeler market.

 

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