Showing posts with label Indonesia Used Two Wheelers Market Research Report. Show all posts
Showing posts with label Indonesia Used Two Wheelers Market Research Report. Show all posts

Tuesday, April 2, 2019

Indonesia Used Two Wheeler Market is Driven by Decline in the Commission Margins Charged by Dealers coupled with Increase in Online Listing of Two Wheelers: Ken Research

“Competition within Indonesia Used Two Wheeler Market was observed to be highly fragmented thereby leading to dealers lowering their margins, which along with the rising fuel prices has contributed to the spurring demand for used two-wheelers in the country.”
Decreasing Margins of Dealers: In Indonesia, due to increasing competition in the used two-wheelers market, dealers are decreasing the margins charged by them as a commission on the sale of a used two-wheeler to attract more customers. This effectively lowers the price of used two-wheelers in the market, leading to increased sales of the used two-wheelers in the country. In 2018, the average margin charged by a dealer in Indonesia is approximately 11.5% which has declined at a negative CAGR of 4.3% during the period 2012-2018.
Indonesia Used Two Wheelers Market
Average Replacement Age: In Indonesia, it has been observed that the average replacement age of a scooter is 2-3 years, whereas an average replacement age of motorcycle is 3-4 years as of 2018.
No Registration Legally Required During Resale: The Indonesian Government has not made it compulsory to change the name registered to a two-wheeler upon resale. Due to this relaxation, very few people choose to go through the legal formalities while purchasing a used two-wheeler. As there are no legal hassles while purchasing a used two-wheeler, it becomes a fast and cheap process, making it more lucrative than purchasing a new vehicle.
Rising Fuel Prices: Fuel prices have been observed to periodically be hiked by the government in recent times. These increased fuel prices have further lead to higher operating costs of two-wheelers and to incur this increased expenditure, the price-sensitive population of Indonesia chooses to purchase cheaper used two-wheelers rather than new two-wheelers to save money during the purchase of a vehicle.
The report titled, “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” by Ken Research suggested that the used two-wheelers market in Indonesia has been growing 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
Motorcycles
Scooters
By Stock Piece and Customized Two Wheeler
Stock Piece
Customized Two Wheeler
By Region
DKI Jakarta
West Java
Banten
Yogyakarta
Central Java
East Java
North Sumatra
Bali
Others
By Manufacturer of Two Wheelers
Honda
Yamaha
Suzuki
Kawasaki
Piaggio
Bajaj
Others
By Kilometers Driven
0 – 10,000
10,000 – 20,000
20,000 – 30,000
30,000 – 40,000
40,000 – 50,000
50,000 – 60,000
60,000 – 70,000
More than 70,000 KM
Business Model
Friends and Family
Dealers
By Year of Manufacture
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Before 2009
Key Target Audience
Automobile Companies
Two Wheeler Companies
Online Classifieds
Time Period Captured in the Report:-
Historical Period: 2012-2018
Future Forecast: 2019-2023
Major Companies Covered:-
OLX Indonesia
Mobil123
Carmudi
Keywords-
Used Two Wheelers Businesses in Indonesia
Indonesia Used Two Wheelers Mileage
Competition Auto Classified Used Two Wheeler
Recommendations Indonesia Used Two Wheelers
Used Two Wheelers Market Indonesia
SWOT Analysis of Indonesia used Two Wheeler Market
Indonesia Used Two Wheelers Market Value
Used Bike Market in Indonesia
Second-hand bikes & Scooters in Indonesia
Indonesia Used Two wheelers Vehicle Registration
Indonesia Used Scooters Market
Indonesia Motor Vehicle Regulations
Indonesia Two Wheeler Industry
Indonesia Two Wheeler Market
Online Classifieds Indonesia
Two Wheeler Industry Indonesia
Two Wheeler Industry in Indonesia
Two Wheeler Market in Indonesia
For more information on the research report, refer to below link:-
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Location: Indonesia

Wednesday, March 27, 2019

Indonesia Used Two Wheelers (Motorcycles and Scooters) Market Outlook to 2023: Ken Research

Indonesia Used Two Wheelers Market
The report titled “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 Kilometers Driven, by Source of Sales (Friends & Family and Dealers) and by Make” provides a comprehensive analysis of used two-wheelers services in Indonesia. The report also covers the overall competitive landscape; government role and regulations, SWOT Analysis, growth restraints, drivers, trends and developments. The report concludes with market projections and analyst recommendations highlighting the major opportunities and cautions for Indonesia used two-wheelers market.
Market Overview
Indonesia two wheelers industry has evolved over the years in terms of vehicular & production technology and a total number of two-wheelers being manufactured and sold. Two wheelers in Indonesia act as one of the primary alternatives to walking, riding a bicycle, and public transport systems. Rising fuel prices, high local traffic congestion, ease of usage, and cheaper prices in comparison with other personal vehicles are some of the primary growth drivers for two-wheelers in Indonesia. Commuters across all age daily rely on motorized vehicles, especially two-wheelers; owing to the escalating population and rapid increase in traffic congestion, thereby making two-wheelers as the most appropriate and convenient mode of transportation in urban areas. In terms of value, Indonesia used two-wheelers sales volume increased at a positive double digit CAGR during the period 2012-2018. Demand exists for two scooter and motorcycles below 150cc generally, from the young male population, especially in metro regions.
Indonesia Used Two Wheelers Market Segmentation
By Type of Two Wheelers (Scooters and Motorcycles)
In Indonesia, used scooters and motorcycles have an almost equal share in the used two-wheelers market. However, scooters are witnessing rising popularity due to the increase in youth and female urban commuters, who prefer the ease of use and cheaper prices that scooters are associated with. As a result, the market share of scooters in this market has been increasing in recent times.
By Stock Piece and Customized Two Wheeler
In 2018, the stock piece segment contributed a major share in the sale of used two-wheelers in Indonesia and consisted of standard vehicles manufactured by companies. During the same year, the total numbers of individuals who are bike enthusiasts and are able to afford customizations constituted a very small proportion of buyers in the market for customized bikes.
By Region
The capital city of DKI Jakarta had the largest share in terms of sales volume in the used two-wheelers market as this region has a high percentage of living population and population of daily commuters. Being the most populous province of Indonesia, West Java observed as the second highest region for used two-wheelers sales. The regions such as Banten, Yogyakarta, Central Java, and others formed the remaining share in the market as they are associated with low levels of population and income.
By Manufacturer of Two Wheelers
The Indonesian used two-wheeler market is largely dominated by Honda, which is also one of the global leaders. Honda contributed the major share in the sales of used two-wheelers in 2018. The company caters to a wide consumer base and has segmented its market on the basis of income and age group. Yamaha is the second most dominant manufacturer of two-wheeled motor vehicles in the country.
By Kilometers Driven
The dominant share of the market is held by the sale of used two-wheelers that have been driven in the range of 10,000 – 40,000 kilometers. Whereas, Two wheelers that have been driven for 0-10,000 kilometers occupied the second highest share in the market, as most people preferred to purchase a used two-wheeler that has been driven as less as possible. In 2018, Indonesia used the two-wheeler market has been majorly dominated by the sales of used Two-wheelers through friends and family.
By Year of Manufacture
In Indonesia, two-wheelers manufactured in the year 2018 contributed a mere share in terms of volume in overall used two-wheelers sales as less number of people sell of a brand new vehicle. However, a number of people have sold their older vehicles due to depreciation value incurred on the vehicles, leading to 2017 manufactured two wheelers having a double-digit market share. Two wheelers manufactured in 2016, 2015, and 2014 contributed a major share in terms of volume as people try to sell off their old vehicles to get a better return before they incur too much value depreciation.
Competitive Landscape
Indonesian used two-wheelers market was observed to be highly fragmented with the presence of a large number of local dealers, small mechanics, and individual sellers. There are 750+ dealers which have an online presence on the online aggregator platforms in the year 2018. Major online players in Indonesia used two-wheeler market includes OLX, Mobil123, and Carmudi which come under the category of classifieds. Major Competing factors in the online used two-wheeler market includes Price, Number of Listings, Marketing, and Advertising and offering of Certification Services to used two wheeler vehicles.
Indonesia Used Two Wheelers Market Future Outlook and Projections
It is anticipated that the used two-wheeler market in the country will continue to grow in the coming years owing to used two-wheelers being cheaper than new ones and can be purchased quickly without any hassles due to any strict regulation prevailing in Indonesia for changing the registration of the vehicle ownership. This is further coupled with Indonesia’s low-income levels and high traffic congestion. Projections for the future suggest that the overall market for used two-wheelers in Indonesia is likely to showcase a strong growth at a positive single digit CAGR during the forecast period 2018-2023E.
Key Segments Covered:-
By Type of Two Wheelers
Motorcycles
Scooters
By Stock Piece and Customized Two Wheeler
Stock Piece
Customized Two Wheeler
By Region
DKI Jakarta
West Java
Banten
Yogyakarta
Central Java
East Java
North Sumatra
Bali
Others
By Manufacturer of Two Wheelers
Honda
Yamaha
Suzuki
Kawasaki
Piaggio
Bajaj
Others
By Kilometers Driven
0 – 10,000
10,000 – 20,000
20,000 – 30,000
30,000 – 40,000
40,000 – 50,000
50,000 – 60,000
60,000 – 70,000
More than 70,000 KM
Business Model
Friends and Family
Dealers
By Year of Manufacture
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Before 2009
Key Target Audience
Automobile Companies
Two Wheeler Companies
Online Classifieds
Time Period Captured in the Report:-
Historical Period: 2012-2018
Future Forecast: 2019-2023
Major Companies Covered:-
OLX Indonesia
Mobil123
Carmudi
Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Indonesia Used Two Wheeler Market Overview and Genesis
Indonesia Used Two Wheeler Market Size
Indonesia Used Two Wheeler Market Segmentation
Indonesia Used Two Wheeler Market Segmentation by Type of Two Wheelers
Indonesia Used Two Wheeler Market Segmentation by Region
Indonesia Used Two Wheeler Market Segmentation by Manufacturer of Two Wheelers
Indonesia Used Two Wheeler Market Segmentation by Business Model
Indonesia Used Two Wheeler Market Segmentation by Kilometers Driven
Key Purchase Criteria for Buying a Used Two Wheeler
Key Sales Criteria for Selling a Used Two Wheeler in Indonesia
Issues and Challenges in Indonesia Used Two Wheeler Market
Government Regulations in Indonesia Used Two Wheeler Market
Competitive Scenario in Indonesia Used Two Wheeler Industry
Company Profiles of Major Players in Indonesia Used Two Wheeler Market
Indonesia Used Two Wheeler Market Future Outlook and Projections, 2019-2023E
Analyst Recommendations for Indonesia Used Two Wheeler Market
For more information on the research report, refer to below link:-
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
Posted by at No comments:
Labels: , ,
Location: Indonesia
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