Indonesia Two Wheeler Market to Cross $ 10 Billion Milestone by 2025
Rising demand for economical
and personal transportation to boost two wheeler market in Indonesia
According
to TechSci Research report, “Indonesia
Two-Wheeler Market By Vehicle Type, By Engine Capacity, By Region,
Competition, Forecast & Opportunities, 2025”, Indonesia two wheeler market is anticipated to grow to $
10 billion by 2025 on account of surging demand for economical transportation. Increase
in consumer spending, increasing number of female riders, improving road
infrastructure and growing popularity of credit facilities are the other key
factors responsible for growth of two wheelers market in Indonesia. Indonesia
two wheeler market is categorized based on vehicle type, engine capacity, and
region. Based on vehicle type, the market is segmented into scooters,
motorcycles and mopeds. Scooter segment holds the majority share and is
expected to grow at a stable rate during the forecast period. Motorcycles held the
second largest share in 2019 but their popularity is decreases amongst
Indonesian customers due to their shifting interest towards automatic two
wheelers. Hence, market share of the motorcycle segment is expected to depreciate
over the next five years.
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In terms of engine capacity, vehicles are categorized into three groups,
first engines that are less than 150 cc, then engines with displacement between
151 cc and 250 cc and at last engines with displacement above 250cc. Light
weight scooters being most popular amongst Indonesian people, hold the maximum
share. In terms of by region, the market is segmented into Java, Sumatra,
Kalimanthan, Sulawesi, Maluka & Papua, and Bali & Nusa. Java and
Sumatra are the leading regional market in India tow wheelers market, with both
the regions cumulatively accounting for more than three-fourth of the market
share in 2019.
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Leading companies operating in Indonesia two wheeler
market include Honda, Yamaha, Suzuki, Kawasaki, TVS, KTM, Bajaj, and Harley
Davidson. Honda and Yamaha are the leading two wheeler brands operating in the
country. “PT Astra Honda Motors dominated the two wheeler market
in Indonesia in 2019, due to its huge dealer network and great product range that
is just apt for Indonesian customers. Demand for two wheelers is anticipated to
continue growing in the country over the next five years on account of
increasing consumer preference for safer, economical and aesthetic two wheelers.”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Indonesia
Two-Wheeler Market By Vehicle Type, By Engine Capacity, By Region, Competition,
Forecast & Opportunities, 2025” has evaluated the future growth potential of
Indonesia two-wheeler market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Indonesia two
wheeler market.
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