GURUGRAM, India, April 9, 2019
GURUGRAM, India, April 9, 2019 /PRNewswire/ --
Surge in Used Two Wheeler Listings Hosted by Online Classifieds: Online classifieds such as OLX Indonesia, Mobil123, and Carmudi have shown an increase in the amount of listings of used two wheelers on their platforms. These websites remove intermediaries from the process of selling used two wheelers, resulting in increasing consumer preference towards them.
Hike in Fuel Prices: 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.
Entry of Electric Vehicles: 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 "Indonesia Used Two Wheelers (Motorcycles and Scooters) Market Outlook to 2023 - by Stock Piece and Customized, by Region, by Manufacturer of Two Wheeler (Honda, Yamaha, Suzuki, Kawasaki, and others), by Kilometres Driven, by Source of Sales (Friends & Family and Dealers) and by Make" 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.
Key Segments Covered:
By Type of Two Wheelers
By Stock Piece and Customized Two Wheeler
By Manufacturer of Two Wheelers
By Kilometers Driven
Source of Sales
By Year of Manufacture
Key Target Audience
Time Period Captured in the Report:
Major Companies Covered:
Key Topics Covered in the Report
For more information on the research report, refer to below link:
Other Related Reports:
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.
China Used Vehicle Market Outlook to 2022 - by Type of Vehicle (Sedans, SUVs, Micro Vans, MPVs, Trucks, Buses, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks), by Vehicle Age, by Distribution Channels, by Region, by Price of Vehicle
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