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.
Browse 37 market data Figures and Tables spread through 70 Pages and an in-depth TOC on “Indonesia Two Wheeler Market”
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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