Dublin, Business Wire -- Research and Markets has announced the addition of Frost & Sullivan's new report ''Strategic Analysis of Passenger Vehicles Market in Indonesia - 2011'' to their offering.
This research service covers in detail the passenger vehicle market in Indonesia. It covers Indonesia's macro economic indicators and demographic overview, mobility trends, market drivers and restraints, structure of Indonesia automotive industry, automotive cluster in Indonesia that includes OEMs, tier1, tier2 suppliers. This research service also includes in detail automotive recap 2010, automotive market outlook, OEM and supplier profiles, price positioning of different segment vehicles and their volume sales in 2010. Indonesia macro economic indicators include population, GDP growth, interest rates, exchange rates, population indicators.
High economic growth and strengthening macro-economic factors have energized prospects for the passenger vehicles market in Indonesia. The passenger car market posted an impressive 51 percent growth in 2010 over 2009. Total passenger vehicle sales in 2010 rose to 541,475 units, increasing by 33.6 percent compared to 2009 figures. The 4x2 segment continues to be the most popular, as it dominates the market with 93 percent share, followed by 4x4 with 6 percent share and sedans with a 1 percent share.
With the increase in traffic congestion in some major cities in Indonesia, many automotive OEMs have released new models that are low-cost and eco friendly, driving vehicle sales, notes the analyst of this research service. The Government has also unveiled a master plan for the automotive industry that will see the roll-out of 4.2 million vehicle units by 2025, with production value reaching $65 billion.
However, higher taxation and certain government policies can indirectly dampen vehicle uptake. For instance, the Indonesian Government has hiked the car ownership tax by 10-15 percent that will result in an increase in car prices ranging from Rp1-11.5 mn per vehicle. Similarly, Jakarta has implemented the progressive vehicle tax since Jan 2011 to ease traffic congestion, which amounts to an additional 5-7 percent per vehicle. Further, the development of city/urban transportation systems in main cities such as Jakarta, Surabaya, and Yogyakarta can restrict passenger vehicle uptake.
Companies Mentioned:
PT. Toyota Motor Manufacturing Indonesia (TMMIN)
PT. Astra Daihatsu Motor
PT. Honda Prospect Motor (HPM)
PT. Suzuki IndomobilMotor (SIM)
PT Astra OtopartsTbk
ADR Group
Dharma Group
IndoprimaGroup
InkoaskuGroup
Full report: http://www.researchandmarkets.com/research/a2a8cf/strategic_analysis |
