Indonesia $10 Billion Two Wheeler Market, Competition, Forecast & Opportunities, 2020-2025
ResearchAndMarkets.com s offering. The Indonesian Two Wheeler Market is anticipated to surpass $ 10 billion by 2025, owing to the increasing demand for economical transportation.
In volume terms, the Indonesian Two Wheeler Market stood at around 6.49 million units in 2019, making it the third largest two wheeler market in the world after India and China. Increase in disposable income, rising demand for cheaper personal transportation, coupled with increasing female riders, improving road infrastructure and growing popularity of credit & loan facilities are the key factors responsible for growth of the two wheelers market in Indonesia.
The Indonesian Two Wheeler Market is classified based on vehicle type, by engine capacity and by region. In terms of vehicle type segmentation, the market is classified into scooters, motorcycles and mopeds. Scooters accounted for the largest market share