The Motor Vehicle Wheels (And Including Parts) market in Indonesia has shown varying trends over the past decade. Starting at $652.4 million in 2012, the market experienced fluctuations, peaking at $962.06 million in 2022. The market had notable growth years, such as in 2016 with a 15.51% increase and 2018 with an 8.34% rise. However, there were also declines, such as in 2013 with a 13.04% decrease and in 2020 with a 12.27% drop. The Compound Annual Growth Rate (CAGR) for the last five years up to 2022 was 1.68%, showing moderate growth. The year-on-year variation from 2021 to 2022 was 7.47%, indicating a recovery trend.
Future trends to watch for include potential impacts from technological advancements in materials and manufacturing processes, increased focus on electric vehicle markets, and shifts in consumer behavior towards sustainability. Additionally, economic factors and trade policies could also influence market dynamics in the coming years.
How does Indonesia rank in Motor Vehicle Wheels (And Including Parts) Market Size Value?
# | 36 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 United States | 39,551,000,000 | 2023 | +2.38% | +2.35% | View data |
2 | 2 China | 19,307,000,000 | 2023 | +3.7% | +3.76% | View data |
3 | 3 Germany | 8,397,200,000 | 2023 | +1.11% | +1.25% | View data |
4 | 4 Japan | 7,915,500,000 | 2023 | -0.11% | -1.47% | View data |
5 | 5 United Kingdom | 3,316,600,000 | 2023 | +0.57% | +0.48% | View data |
10 | 10 India | 1,049,700,000 | 2023 | +2.58% | +2.43% | View data |
11 | 11 Belgium | 998,500,000 | 2023 | +0.41% | -0.32% | View data |
12 | 12 Indonesia | 981,400,000 | 2023 | +2.01% | +0.47% | |
13 | 13 Argentina | 752,830,000 | 2023 | -1.24% | -1.77% | View data |
14 | 14 South Korea | 717,080,000 | 2023 | +4.03% | +5.04% | View data |
Latest reports

US Automotive Market Report - Q4 2024
The United States automotive market in Q4 2024 is undergoing significant transformations driven by technological advancements, economic policies, and changing consumer preferences. This...

China Automotive Market Report - Q4 2024
The fourth quarter of 2024 has been pivotal for the automotive market in China, marked by significant shifts in consumer preferences, technological advancements,...

Japan Automotive Market Report - Q4 2024
The Japanese automotive industry in the fourth quarter of 2024 is navigating a transformative phase, marked by significant advancements and strategic shifts. The...

Germany Automotive Market Report - Q4 2024
The fourth quarter of 2024 marks a transformative period for Germany's automotive market, characterized by significant shifts towards electric vehicles (EVs), advancements in...

India Automotive Market Report - Q4 2024
The Indian automotive market in the fourth quarter of 2024 is characterized by dynamic growth across various segments, driven by consumer demand shifts,...

UK Automotive Market Report - Q4 2024
The fourth quarter of 2024 has been a pivotal period for the Automotive United Kingdom sector, characterized by significant transitions and challenges across...

France Automotive Market Report - Q4 2024
The French automotive market in the fourth quarter of 2024 experienced significant shifts, driven by economic conditions, regulatory changes, and evolving consumer preferences....

Canada Automotive Market Report - Q4 2024
The Canadian automotive market in the fourth quarter of 2024 is navigating a landscape marked by significant transitions and challenges. Several critical factors...

Brazil Automotive Market Report - Q4 2024
The Brazilian automotive industry is poised for a dynamic close to 2024, driven by various market forces and strategic initiatives. This report delves...

Italy Automotive Market Report - Q4 2024
The automotive industry in Italy is navigating a transformative period in the final quarter of 2024. Key market dynamics are shaping the landscape,...