Key Market Indicators
Indonesian vehicle registrations are projected to hit nearly 30.6 million units by 2028, up from approximately 27.6 million units in 2023. This represents an average annual growth rate of 1.7%. Since 2010, the Indonesian market has surged by almost 89% annually. In 2023, Indonesia ranked fifth globally, with Austria surpassing it with the same number of units. Canada, China, and Austria held the second, third, and fourth spots, respectively. In terms of vehicle production, Indonesia is expected to reach 1.54 million units by 2028, up from around 1.37 million units in 2023. This indicates an average yearly growth rate of 1.8%. Since 2002, Indonesian production has increased at an annual rate of 0.4%. In 2023, Indonesia ranked 16th globally, with Slovakia overtaking it at the same production level. The United States, Japan, and Germany occupied the second, third, and fourth positions, respectively.
Latest reports
Indonesia Automotive Market Report- Q1 2025
In the first quarter of 2025, the Indonesian automotive market experienced significant transformations, particularly with the rise of electric vehicles (EVs) and the...
Indonesia Automotive Market Report- Q4 2024
The Indonesian automotive market in Q4 2024 is undergoing a transformative phase characterized by a significant shift towards electric vehicles (EVs) and a...
Indonesia Automotive Market Report - Q4 2024
In the fourth quarter of 2024, Indonesia remains a pivotal player in the automotive industry, particularly in Southeast Asia, with significant developments across...
