Indonesia Car Finance Market is expected to Reach Credit Disbursement of USD 20 billion by 2021: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Indonesia Car Finance Industry by Type of car financed (New and Used cars), by Loan Tenure (1 Year, 2 Years, 3 Years, 4 Years and 5 Years), by Type of financial institution (Commercial Banks and Non-Banking Financial Institutions), by Market share of Major companies (Astra Sedaya Finance, BCA Finance, Oto Multiartha, Mandiri Tunas Finance, Toyota Astra Financial Services, Adira Dinamika Multi Finance, Dipo Star Finance, CIMB Niaga Auto Finance, etc) The Indonesia car finance market is dominated by multi finance companies which majorly cater to the middle-class population. Multi finance companies today offer convenient facilities with an online presence which has reduced documentation, digital installment payment system and simpler procedure. The market has witnessed stringent government regulations in terms of adhering to the minimum capital requirements, revision of down payment requirements and submitting a financial report. The Indonesia car finance Market is in the growing stage. There are around 200 multi finance companies in Indonesia. Indonesia Car Finance Market is driven by an increase in the sale of passenger cars, inflated ticket size and increased penetration rate. The passenger vehicle segment of Indonesia’s automotive industry is estimated to grow at a CAGR of 6.8% from 2016 to 2020. The low-cost green car segment (LCGC) is expected to experience the fastest growth at CAGR 8.1% from 2016 to 2020. Furthermore, with the proportion of Indonesians living in urban areas expected to reach 71% by 2030, significant infrastructure development is expected in the coming years which will lead to a growing working-age population and surged the sale of passenger cars. The number of middle-class and affluent consumers in Indonesia is expected to double to 141 million by 2020. Moreover, with 88.1% of Muslims in Indonesia, Sharia finance has huge potential. Furthermore, OJK targets to triple the market share by 2023 through various strategies, such as the reduction of fees on Sharia-compliant banking products and the development of educational and training programs. Furthermore, banks and other financial institutions are putting their best effort into promoting their consumer finance products and increase finance penetration in the coming years. The accessibility to finance is expected to grow with an increase in the number of multi finance companies in the market. While more savvy consumers and stricter regulations could curb short-term credit growth, the spread of fintech which uses innovative technology in financial services could deliver a new range of customers to multi-financing firms. Fintech can improve consumer financing by public relations campaigns facilitating broader reach as well as increasing credit profiling and providing a different approach to risk management. Ken Research in its latest study, Indonesia Car Finance Market by Type (New and Used Passenger and Commercial Cars), by Tenure of Loan, by Banks, Captive and Non-Captive Institutions – Outlook to 2021 suggests that Astra Sedaya Finance, BCA Finance, Oto Multiartha, Mandiri Tunas Finance, Toyota Astra Financial Services, Adira Dinamika Multi Finance, Dipo Star Finance will remain the major car finance companies in this space. However, these major players will witness rising competition from small regional players due to low entry barriers. Some captive finance company only focuses on new car financing, such as Toyota Astra which restricts their profitability compared to that of their peers that engage in new and used car financing. Owing to Indonesia’s lowest bankable population in the world (at 36% of the country’s adult population), these captive units will have a higher potential to expand in future Indonesia Car Finance Market is projected to register a positive CAGR during the period 2016-2021. Geographical expansion, digital technology, savvy customers and favorable government regulations are expected to drive the Indonesia Car Finance Market in the future. The report provides information on the market size of the Indonesia Car Finance Market, market segmentation on the basis of the type of car financed, tenure of loan and type of financial institution. Key Topics Covered in the Report: Indonesia Car Finance Market Size Number New Cars Financed Indonesia Number of Used Cars Financed Indonesia Credit Disbursed New Cars Indonesia Credit Disbursed for Used Cars Indonesia Tenure of Loan for New, Used Cars Indonesia Product Features in Car Finance in Indonesia Value Chain for Car Finance in Indonesia Trends and Developments in Car Finance Indonesia Government Regulations in Car Finance Indonesia Future Outlook for Car Finance Indonesia Competition Car Finance Indonesia Top Car Finance Companies in Indonesia For more information on the research report, refer to below link: https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/indonesia-car-finance-market/142267-93.html Related Reports by Ken Research https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/saudi-arabia-car-finance-market/125720-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/egypt-car-finance-market/124560-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/india-car-finance-market-report/679-93.html Contact:- Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Auto Finance Opportunities in Indonesia, Auto loan Industry in Indonesia, Auto Loans Market in Indonesia, Auto Loans Terms and Conditions in Indonesia, Captive Market Share Auto Finance, Car Finance Dealers in Indonesia, Car Financing Option in Indonesia, Car Loan Market Competition Indonesia, Car Loans Industry in Indonesia, Car Payment or Car Loan Decision Indonesia, Competition Indonesia Car Loan, Finance the Car in Indonesia Process, Financing Schemes Car Loans Indonesia, Future Strategies Indonesia Car Loan, Growth Trend Car Loan Indonesia, Indonesia Auto Loan Disbursal, Indonesia Auto Loan Industry, Indonesia Auto Loan Market, Indonesia Car Financing Market, Interest Rate Car Loan in Indonesia, Islamic Banks Indonesia Car Loan Market, Market Share Car Finance Indonesia, New and Used Car Financing in Indonesia, Passenger and Commercial Vehicles Sales in Indonesia, Used Car Financing in Indonesia, Used Car Sales in Indonesia