INDONESIA AUTOMOTIVE AFTERMARKET MARKET

Indonesia Automotive Aftermarket present significant opportunities, with over millions of passenger vehicles are currently out of warranty in 2023, and the passenger cars with an out of warranty population is projected to grow at a robust CAGR from 2023-2031.

Indonesia Automotive Aftermarket Overview

Indonesia automotive industry is constantly growing and one of the fastest growing sectors over the years. Rapid urbanization has led to the increasing demand for vehicles for personal and commercial use is driving the growth of the automotive industry in Indonesia. Key players such as Honda, Toyota, Nissan, Daihatsu, among others have set up production facilities in Indonesia. In addition, these companies manufacture various types of vehicles, such as passenger and commercial vehicles and components. The manufacturing plants are located in the West Java Region in Banten and Jakarta and some of the smaller companies are located in Central and East Java provinces. For instance, the Indonesian government implemented various policies to boost the growth of the automotive industry. The government is providing tax benefits to automakers, measures to boost foreign investment and to encourage R&D in the automotive sector.

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Major Indonesia Automotive Aftermarket Drivers

An increasing number of vehicle parc along with the growing demand for used cars is driving the Indonesia automotive aftermarket. Moreover, growing awareness regarding the maintenance and repair to improve the efficiency and performance of vehicles among vehicle owners is paving the way for the automotive aftermarket industry. The Indonesian government has taken initiatives to enhance the automotive aftermarket industry, such as introducing regulations to ensure the quality and safety of the replacement parts and also launched campaigns to educate people regarding the benefits of genuine parts.

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Rapid adoption of Do It Yourself (DIY) culture among consumers has gained traction across the country, which increased the demand for aftermarket parts and services. Increased sales of new passenger vehicles coupled with the growing preference for modification among vehicle owners is propelling the market growth of the Indonesia Automotive Aftermarket. For instance, Indonesia reported 6,59,809 new vehicles sold in 2021 as compared to the 3,88,925 in 2020 and YoY growth rate is 70% during 2021/2020.

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Segments covered in the Report:

The Indonesia Automotive Aftermarket has been segmented on the basis of vehicle type, certification, replacement part. Based on the vehicle type, the market has been segmented into commercial vehicles and passenger vehicles. By replacement parts, the market is segmented into tire, battery, brake parts, filters, Lighting Components, Electronic components, Lubricants, Clutch Parts, Engine Components and others. Based on certification, the market has been segmented into Genuine Parts, Certified Parts, Counterfeit Parts, Others.

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Market Segmentation

Indonesia Automotive Aftermarket by Vehicle Type

• • Commercial Vehicles
  • Passenger Vehicles

Indonesia Automotive Aftermarket by Replacement Parts

• • Tire
  • Battery
  • Brake Parts
  • Filters
    • Air Filter​
    • Oil Filter​
    • Others​
  • Lighting Components​
  • Electronic components​
  • Lubricants​
  • Clutch Parts​
  • Engine Components
    • Timing Belt​
    • Spark Plugs​
    • Others​
  • Others

Indonesia Automotive Aftermarket by Certification

• • Genuine Parts
  • Certified Parts
  • Counterfeit Parts
  • Others