Key Market Indicators
**Indonesian Vehicle Registration to Hit 30.6 Million Units by 2028** **Jakarta, Indonesia** — Indonesian vehicle registration is projected to reach approximately 30.6 million units by 2028, marking an increase from around 27.6 million units in 2023. This growth represents an average annual increase of 1.7%. Since 2010, the Indonesian market has seen a significant rise, up by nearly 89% year on year. In 2023, Indonesia ranked fifth globally in vehicle registrations, with Austria surpassing it at the same figure of 27.6 million units. Canada, China, and Austria occupied the second, third, and fourth positions, respectively. **Vehicle Production to Reach 1.54 Million Units by 2028** Indonesian vehicle production is also on the rise, expected to hit about 1.54 million units by 2028, up from approximately 1.37 million units in 2023. This increase reflects an average annual growth rate of 1.8%. Since 2002, the country's vehicle supply has grown modestly by around 0.4% year on year. In 2023, Indonesia stood at 16th place in global vehicle production, with Slovakia slightly ahead at the same figure of 1.37 million units. The United States, Japan, and Germany held the second, third, and fourth ranks, respectively.
