Passenger car is a motor vehicle designed to carry multiple passengers on highways and streets, with maximum mass not exceeding 3.5 tones. Passenger vehicles are the most common mode of transportation in Indonesia due to growing per capita income. Passenger cars are generally propelled by internal combustion engine or a battery-operated electric motor. This can include some passenger pickup trucks, hatchback cars, sedan cars, compact cars, utility cars, and minivans. The limit of passengers the vehicle can carry for it to be considered a passenger car is nine. Sporty utility vehicles and the multi-purpose vehicles are the most popular passenger cars in Indonesia.
Factors, such as significant increase in foreign direct investment (FDI) in Indonesia’s automotive industry, high demand for multi-purpose vehicles (MPVs) & special utility vehicles (SUVs), and introduction of the Low-Cost Green Car (LCGC) initiative are expected to drive the market growth. However, increase in prices of passenger cars and improvement of public transportation hinder the market growth. Further, increasing efforts toward the adoption and development of electric & hybrid and booming domestic auto industry are some of the factors that are expected to offer lucrative opportunities for the market growth.
The Indonesia passenger car market is segmented on the basis of propulsion, body type, and weight. Based on propulsion, it is bifurcated into internal combustion engine and electric & hybrid. By body type, it is divided into sedan, hatchback, SUV, and others. On the basis of weight, it is categorized into less than 3000 pound, 3001 to 5000 pound, and more than 5001 pounds.
The key players operating in the Indonesia passenger car market are BMW AG, DFSK Motors, Honda Motor Co., Ltd., Isuzu Motors Limited, Mazda, Mitsubishi Motors Corporation, Nissan Motor, Suzuki Motor Corporation, Toyota Motor Corporation, and Wuling Motor (SGMW Motors).
Factors, such as significant increase in foreign direct investment (FDI) in Indonesia’s automotive industry, high demand for multi-purpose vehicles (MPVs) & special utility vehicles (SUVs), and introduction of the Low-Cost Green Car (LCGC) initiative are expected to drive the market growth. However, increase in prices of passenger cars and improvement of public transportation hinder the market growth. Further, increasing efforts toward the adoption and development of electric & hybrid and booming domestic auto industry are some of the factors that are expected to offer lucrative opportunities for the market growth.
The Indonesia passenger car market is segmented on the basis of propulsion, body type, and weight. Based on propulsion, it is bifurcated into internal combustion engine and electric & hybrid. By body type, it is divided into sedan, hatchback, SUV, and others. On the basis of weight, it is categorized into less than 3000 pound, 3001 to 5000 pound, and more than 5001 pounds.
The key players operating in the Indonesia passenger car market are BMW AG, DFSK Motors, Honda Motor Co., Ltd., Isuzu Motors Limited, Mazda, Mitsubishi Motors Corporation, Nissan Motor, Suzuki Motor Corporation, Toyota Motor Corporation, and Wuling Motor (SGMW Motors).
COVID-19 SCENARIO ANALYSIS
The COVID-19 crisis is creating uncertainty in the market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. Governments of different regions have already announced total lockdown and temporarily shutdown of industries, thereby adversely affecting the overall production and sales. Countries around the globe have posed stringent restrictions ranging from days to months of lockdown periods. Owing to this pandemic, many businesses are halted and are waiting for the market conditions to improve. The rapid spread of the virus had a significant impact on Indonesia’s automotive industry, which, in turns, affects the passenger car market, with a downturn in the demand for vehicles. For instance, the total sales of passenger cars in 2020 in Indonesia were just over 532,000 units, about half of the previous year. However, there have been improved sales of all types of electric vehicles and Low-Cost Green Car (LCGC) post-June 2020 as the lockdown lifted in most of the cities across countries. Particularly, the sales of battery electric vehicle & hybrid electric vehicles were dominant. For instance, 120 electric vehicles were sold there in 2020, about a tenth of the sales of hybrids while only 24 electric vehicles were sold in 2019.KEY BENEFITS FOR STAKEHOLDERS
- This study presents analytical depiction of the Indonesia passenger car market analysis along with current trends and future estimations to depict imminent investment pockets.
- The overall Indonesia passenger car market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the Indonesia passenger car market with a detailed impact analysis.
- The current Indonesia passenger car market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
KEY MARKET SEGMENTS
By Type
- Active
- Passive
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Vehicle Type
- Cars
- Motorcycles
- Others
By Component
- Hardware
- Software
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- CalAmp
- Cartrack Holdings Limited
- Continental AG
- Geotab Inc.
- Trackimo
- Teltonika
- Teletrac Navman US Ltd
- Tomtom, Inc.
- Verizon Communication Inc.
- Xirgo Technologies, LLC
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INDONESIA PASSENGER CAR MARKET, BY PROPULSION
CHAPTER 5: INDONESIA PASSENGER CAR MARKET, BY BODY TYPE
CHAPTER 6: INDONESIA PASSENGER CAR MARKET, BY WEIGHT
CHAPTER 7: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- BMW AG
- DFSK Motors
- Honda Motor Co. Ltd.
- Isuzu Motors Limited
- Mazda Mitsubishi Motors Corporation
- Nissan Motor Suzuki Motor Corporation
- Toyota Motor Corporation
- Wuling Motor (SGMW Motors)
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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