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-depth TOC on "Indonesia Two-Wheeler Market "
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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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