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Indonesia Passenger Car Market is slated to increase at a CAGR of 4.2% to reach a valuation of $23.33 billion by 2030

Indonesia Passenger Car

Indonesia Passenger Car Market

The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations.

PORTLAND, OR, US, February 8, 2024 /EINPresswire.com/ -- According to the report published by Allied Market Research, the Indonesia Passenger Car Market was estimated at $15.62 billion in 2020 and is expected to hit $23.33 billion by 2030, registering a CAGR of 4.2% from 2021 to 2030. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/A14288

Factors, such as significant increase in foreign direct investment (FDI) in Indonesiaโ€™s automotive industry, high demand for multi-purpose vehicles (MPVs) & special utility vehicles (SUVs), and introduction of the Low-Cost Green Car (LCGC) initiative are expected to drive the market growth. However, increase in prices of passenger cars and improvement of public transportation hinder the market growth. Further, increasing efforts toward the adoption and development of electric & hybrid and booming domestic auto industry are some of the factors that are expected to offer lucrative opportunities for the market growth.

Significant increase in foreign direct investment (FDI) in Indonesiaโ€™s automotive industry, high demand for multi-purpose vehicles (MPVs) & special utility vehicles (SUVs), and introduction of the Low-Cost Green Car (LCGC) initiative drive the growth of the Indonesia passenger car market.

๐๐ซ๐จ๐ฆ๐ข๐ง๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

๐‡๐จ๐ง๐๐š ๐Œ๐จ๐ญ๐จ๐ซ ๐‚๐จ., ๐‹๐ญ๐., ๐–๐ฎ๐ฅ๐ข๐ง๐  ๐Œ๐จ๐ญ๐จ๐ซ (๐’๐†๐Œ๐– ๐Œ๐จ๐ญ๐จ๐ซ๐ฌ), ๐Œ๐ข๐ญ๐ฌ๐ฎ๐›๐ข๐ฌ๐ก๐ข ๐Œ๐จ๐ญ๐จ๐ซ๐ฌ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง, ๐ˆ๐ฌ๐ฎ๐ณ๐ฎ ๐Œ๐จ๐ญ๐จ๐ซ๐ฌ ๐‹๐ข๐ฆ๐ข๐ญ๐ž๐, ๐๐Œ๐– ๐€๐†, ๐ƒ๐…๐’๐Š ๐Œ๐จ๐ญ๐จ๐ซ๐ฌ, ๐’๐ฎ๐ณ๐ฎ๐ค๐ข ๐Œ๐จ๐ญ๐จ๐ซ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง, ๐“๐จ๐ฒ๐จ๐ญ๐š ๐Œ๐จ๐ญ๐จ๐ซ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง, ๐๐ข๐ฌ๐ฌ๐š๐ง ๐Œ๐จ๐ญ๐จ๐ซ, ๐Œ๐š๐ณ๐๐š

Based on body type, the SUV segment accounted for nearly two-fifths of the total market revenue in 2020, and is expected to dominate by 2030. The hatchback segment, on the other hand, would cite the fastest CAGR of 6.2% throughout the forecast period.

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/indonesia-passenger-car-market/purchase-options

The Indonesia passenger car market is analyzed across propulsion, body type, and weight. Based on propulsion, the internal combustion engine segment contributed to more than four-fifths of the total market share in 2020, and is anticipated to lead the trail by the end of 2030. On the other hand, the electric & hybrid vehicles segment would register the fastest CAGR of 32.1% during the forecast period.

๐Š๐„๐˜ ๐…๐ˆ๐๐ƒ๐ˆ๐๐†๐’ ๐Ž๐… ๐“๐‡๐„ ๐’๐“๐”๐ƒ๐˜

By propulsion, the electric & hybrid vehicles segment is expected to register a significant growth during the forecast period.

By body type, in terms of revenue, the SUV segment is anticipated to exhibit significant growth during forecast period.

By weight, the less than 3000-pound segment is projected to lead the Indonesia passenger car market in terms of growth rate, owing to higher CAGR.

๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐ญ๐จ ๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐ญ๐ก๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ? ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A14288

Based on weight, the 3001 to 5000 pound segment held nearly half of the total market share in 2020, and is projected to maintain the lionโ€™s share by 2030. The less than 3000 pound segment, however, would exhibit the fastest CAGR of 4.9% from 2021 to 2030.

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ž ๐ซ๐ž๐ฅ๐š๐ญ๐ž๐ ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ฉ๐ฎ๐›๐ฅ๐ข๐ฌ๐ก๐ž๐ ๐›๐ฒ ๐€๐Œ๐‘ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Ethanol Car Market - https://www.globenewswire.com/en/news-release/2022/10/10/2530707/0/en/Ethanol-Car-Market-to-Garner-1-207-6-Billion-by-2031-Allied-Market-Research.html

Hypercar Market - https://www.globenewswire.com/en/news-release/2022/11/24/2562266/0/en/Hypercar-Market-to-Reach-224-5-Billion-by-2031-Allied-Market-Research.html

Luxury Car Market - https://www.prnewswire.com/news-releases/luxury-car-market-to-reach-1-03-trillion-globally-by-2031-at-6-6-cagr-allied-market-research-301770185.html

David Correa
Allied Market Research
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