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Indonesia Used Two Wheelers Market is Expected to Reach Over IDR 120 Trillion in Terms of Gross Transaction Value by the Year Ending 2023: Ken Research
Due to depreciation of the IDR and Indonesia's increasing oil import requirements is expected to result in a continued trend of rising fuel prices. As rising fuel prices lead to higher costs of operating vehicles, people will prefer to purchase used two wheelers to save money that is being spent on fuel.
The sales of new electric two wheelers will increase in Indonesia as the government has recently started to focus on lowering emission levels in the country and recognizing and promoting electric vehicles for the same purpose. Gesits recently became the first electric motor vehicle company to acquire a Vehicle Identification Number. Since, Gesits is expected to appear on Indonesian roads within 1-3 years, which will create a market for used electric two wheelers as well. Moreover, rising fuel prices are expected to further lead to shift the demand more towards electric scooters as it runs on electricity which will be comparatively cheaper to fuel prices. GTI (Gesits Technologies Indo) had set its initial annual production at 50,000 motorcycles as of August, 2018. They will gradually increase their production capacity to 100,000 motorcycles annually.
Analysts at Ken Research in their latest publication believe that the used two wheelers market in Indonesia will continue to grow due to rising fuel prices, decreasing margins charged by dealers, and high traffic congestion. The market is expected to register a positive CAGR of 8.2% in terms of sales volume during the forecast period 2018-2023E.
The report provides a comprehensive analysis of pre-owned two wheelers services in India . The report focuses on sales volume, industry revenue, segmentation by unorganized and organized sector, by C2C and B2C distribution channel, by stock piece and customized two wheelers, by source of manufacturing of two wheelers (domestically manufactured and imported bikes), by type of two wheelers (motorcycles and scooters), by engine capacity of two wheelers (100-110cc, 125-135cc, 150-200cc and others), by average ownership of two wheelers (3-4 years, 4-5 years, 5-6 years and others), by manufacturer of two wheelers (Hero, Bajaj, Honda and others), by body type of two-wheelers (commuter, scooter, sports and others), by certification of two-wheelers (non-certified and certified) and by financing of two-wheelers (non-financed and financed). The report also covers the overall competitive landscape; government role and regulations, growth restraints, drivers, trends and developments. The report concludes with market projections for future for the market described above highlighting the major opportunities and challenges.
The report provides a comprehensive analysis of Russia's used car market introduction and genesis, market size by value and volume, market ecosystem, value chain analysis and market segment by type of car sale (Sedans, Crossovers and SUVs, Hatchbacks and Others include Micro Vans and MPVs) by Car Age (Less Than Five Years, Five to Ten Years and More Than Ten Years) by Distribution Channels (Dealers and Online) by Region (Moscow Region, Moscow , Krasnodar Region, St. Petersburg , Rostov Region and Others) by Origin of Cars (Foreign Cars and Domestic Cars). The report covers snapshot on Russia used car Finance market including major loan providers, Interest rate and down payment, comparison based on used Car loan services, Procedure for taking up loan for borrowers for a used car, major constraints in used car finance. The report also cover snapshot on used bus and used truck market.
The report provides a comprehensive analysis of China's Used Vehicle market introduction and genesis, market size by value and volume, market ecosystem, value chain analysis and market segmentation. The report covers complete snapshot on online used vehicle market, used vehicle finance market and buying decision parameters. The report provides a competition scenario with competitive landscape of major players in China online used vehicle market such as Guazi, Uxin Group and Renrenche. The report also covers SWOT analysis, future projections along with analyst recommendation. The report is useful for major organized dealers/Large vehicle markets, online used vehicle companies, unorganized dealers and auto loan companies for used vehicles, potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future
The report titled "Indonesia Used Car Industry Outlook to 2021 - Increasing Online Used Car Portals and Competitive Used Car Financing Schemes to Foster Future Growth" provides a comprehensive analysis regarding the performance of the used car industry in Indonesia . The gross transaction value and sales volume of the industry have been segmented on the basis of organized and unorganized market. The market has also been segmented by sales volume on the basis of type of car, major cities, marketing channels and vehicle use. The report also covers market share in the online segment along with the competitive landscape of used car companies, used car financing schemes, government regulation and working model of the used car industry. This report will help industry consultants, local used car dealers, online auto classified portals, multi-brand used car showroom dealers, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
The report provides a comprehensive analysis on the UAE used car dealership and auto classified companies. The report covers various aspects including used car sales volume, transaction value and net income of dealers and classifieds; market segmentation by region ( Dubai , Sharjah , Abu Dhabi , Umm Al Quwain , Ras Al Khaimah , Fujairah and Ajman ), by Sales channel (B2B/B2C Dealership, Classified, C2C word of mouth) and by revenue streams, growth drivers, challenges, key regulations, market share of major dealers and classified companies, future outlook and analyst recommendation. This report will help the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for UAE car dealerships, auto and horizontal classified portals, potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Ankur Gupta , Head Marketing
Ken Research Private Limited
Ankur@kenresearch.com
+91-9015378249
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