According to SPER Market Research, the Indonesia Used Two Wheeler Market is estimated to reach USD 17.04 billion by 2032 with a CAGR of 7.71%. In terms of vehicle and production technology as well as the overall volume of two-wheelers produced and marketed, the two-wheeler industry in Indonesia has advanced over time. In Indonesia, two-wheelers are one of the primary alternatives to walking, biking, and using public transportation. Because used two-wheelers are less expensive than new ones and can be purchased quickly and without any hassles due to the lack of strict regulations governing the changing of the registration of the vehicle ownership in Indonesia, it is anticipated that the used two-wheeler market in the country will continue to expand in the years to come. The low-income levels and heavy traffic in Indonesia are additional factors that contribute to this. Future forecasts indicate that throughout the forecast period, the Indonesian used two-wheeler market as a whole is expected to rise strongly at a positive single digit CAGR.
Indonesia Used Two Wheeler Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 7.71%
- Forecast Market Size (2032): 17.04 billion
Because of the spread of COVID-19, strict governmental controls, and emission standards, the market has been unstable for the past two to three years. Despite the fact that factors such as urbanization, increased demand in rural regions, rising traffic conditions, the number of working women, and other factors have contributed to market rise.
Impact of COVID-19 on the Indonesia Used Two Wheeler (Motorcycle and Scooter) Market:
The market had been unsteady for the past few years, particularly as a result of COVID-19’s spread, strict governmental controls, and emission standards. Although in the past, factors such as increased traffic, the number of working women, urbanization, rising demand in rural areas, etc., were responsible for the market’s expansion.
Request For Free Sample Report @ https://www.sperresearch.com/report-store/indonesia-used-two-wheelers-market.aspx?sample=1
Indonesia Used Two Wheeler Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Type of Two Wheelers:
By Stock Piece and Customized Two Wheelers:
- Customized Two Wheelers
- Stock Piece Two Wheelers
By Manufacturer of Two Wheelers:
By Kilometres 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
By Business Model:
- Friends and Family
- Central Java
- DKI Jakarta
- East Java
- North Sumatra
- West Java
Indonesia Used Two Wheeler Market Key Players:
This report also provides the data for key regional segments of Bali, Banten, Central Java, DKI Jakarta, East Java, North Sumatra, West Java, Yogyakarta, Others.
Sara Lopes, Business Consultant – U.S.A.
SPER Market Research