Indonesia Car Finance Market Forecast to 2024: 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 How Indonesia Car Finance Market Is Positioned? Indonesia Car finance market has been identified as in its late growth stage. During the last 5 years, the Car finance market has risen as demand and supply for automotive grew at a decent rate year on year. Lenders institutions in this period have evolved to provide a range of innovative products and services to further improve attraction and penetration of the market. Car finance gained dominance as people started accepting loans as a way of buying their cars majorly because of interest rates were following a declining trend; innovative finance products by Fintech institutions and ease of terms for a loan were prevalent. The majority of the expansion in auto finance sales in these years came from financial institutes such as banks and Multi Finance Institutions. Online entities such as Lead Generation Companies and Aggregators have also started gaining prominence. The Car finance market has increased to approximately USD ~ billion in 2019P from USD ~ billion in 2013 registering a CAGR of ~% during the same period. The credit disbursed in the Indonesia Car Finance market has increased from USD ~ billion in 2013 to USD ~ billion in 2019P. The number of vehicles financed increased from ~ in 2013 to ~ in 2019P. There have been various factors responsible for the growth. One of the major factors has been the growing level of sales of used vehicles in Indonesia along with a vast array of financing options being offered by lenders. Moreover, convenience in lending is being improved as online lending ecosystems contribute to the rising total addressable market in vehicle finance and lenders offer highly customized products catered to the borrower’s needs. The Issuance of digitally Advanced Products, being offered by various Fintech Institutions, also acts as a Catalyst to the Growth of Industry. Indonesia Car Finance Market Segmentation By New and Used Vehicle: In Indonesia, the Car loan is disbursed for both new and used vehicles. Credit Disbursed for New Car finance was observed to dominate the market during 2019P. New Vehicle Finance enjoys a majority share in the market owing to the advantages that come handy with the new vehicles that include higher resale value and better financing schemes. Used vehicles capture a comparatively lower share in the market. However, in terms of Units Financed, they have a bigger share. By Tenure of Loan (New Car and Used Cars) : The loan tenure selected by the customer depends on factors such as the price of the car, income level of the customer, flexible scheme options and other social factors such as family size and lifestyle of the individual. The 4 Year Tenure of Loan is dominant in the Market for new Cars, while the 3 Year tenure comes in second place. Used car Finance customers, generally tend to go for the 1-year loan as the value of financing required is not really high and that helps them to repay the loan quickly. By Banks, NBFCs and Captives (New Car and used Cars): Commercial banks have accounted for a Major Share in the Overall Car Finance Market of Indonesia on the basis of new Cars Financed. The second position in the market was captured by NBFCs and Multifinance Companies, who operate in the market, the nonfinancial institutions’ Captive finance companies have contributed the remaining part of the credit disbursed for new car financing in 2019P. Competitive Landscape in the Indonesia Car Finance Market Competition in the Indonesia finance market is extremely fragmented. The Major lending institution types in the market are Banks, Captives, and Multi Finance Companies. Banks hold a majority share in the lending space for New Cars, and NBFCs tries to majorly provide services to the Used Cars segment. Some of the leading banking institutions include Bank of Central Asia (BCA Finance), Mandiri Bank (Mandiri Tunas Finance), Danamon Bank (Adira Dinamika Finance), CIMB Niaga. Stiff competition was observed in the case of Captives including Toyota Astra Finance (Toyota and Daihatsu), Dipo Star Finance (Mitsubishi), Bussan Car Finance (Yamaha), and Suzuki Car Finance (Suzuki). Some NBFC institutions such as Adira Dinamika have been seen to register double-digit growth, representing the trend of the rapid growth of credit unions. Parameters on the basis of which companies compete in the market include interest rate, digitalization, and ease of transaction, distribution network, service portfolio, repayment methods available and others. Indonesia Car Finance Market Future Outlook and Projections Over the forecast period, Indonesia The car Finance market is expected to be positive if there is a continuous need for Car among the population. Multiple fin-tech startups have also come up in the country’s financial sector which poses a threat to conventional finance companies and banks. These startups have developed products to augment the digitalization of the banking sector. This includes digital payments, online lending, online aggregation, and remote banking facilities which made the customer lending process uncomplicated and simple further facilitating the car finance market in the country. Banks and Captives are expected to continue their leading position in the market due to their vast networks and range of products. In addition to that, the Indonesia market is likely to witness a decline in Car sales which threatens the growth of a number of loans issued in the future. Key Segments Covered:- By New and Used Cars New cars Used cars By Lender Institutions Banks Captives Multi Finance Companies (NBFCs) By Loan Tenure between New and Used Cars Two Years Three Years Four Years Five Years One year Five Years or more Key Target Audience Existing Car Finance Companies Banks Captive Finance Companies Credit Unions Private Finance Companies New Market Entrants Government Organizations Investors Carmobile Associations Carmobile OEMs Time Period Captured in the Report:- Historical Period: 2013-2019P Forecast Period: 2019P-2024 Key Companies Covered:- Banks Bank of Central Asia (BCA Finance) Mandiri Bank (Mandiri Tunas Finance) Danamon Bank (Adira Dinamika Finance) CIMB Niaga Bank Rakyat Indonesia Bank Negara Indonesia Megabank (WOM) NBFCs ACC Finance BFI Finance Oto Multiartha MPM Finance Batavia Prosperindo Radana Bhaskara Indomobil Multi Jasa Mandala Multifinance Tifa Finance Adira Quantum Multifinance Clemont Finance Indonesia Captives Toyota Astra Finance (Toyota and Daihatsu) Dipo Star Finance (Mitsubishi) Bussan Auto Finance (Yamaha) Suzuki Auto Finance (Suzuki) Key Topics Covered in the Report:- Dipo Star Finance Market Revenue Indonesia NBFCs share Indonesia Credit Disbursed in USD Million Number of Used and New Cars Sold in Indonesia Pasar Keuangan Mobil Indonesia Industri Keuangan Mobil Indonesia Pasar Keuangan Mobil Indonesia Industri Keuangan Mobil Indonesia Laporan Penelitian Pasar Keuangan Mobil Indonesia Laporan Penelitian Industri Pembiayaan Mobil Indonesia Suzuki Indonesia Auto Finance Market Revenue BFI Indonesia Car Finance Market Report Radana Bhaskara Auto Finance Market Revenue Indonesia Car Finance Market For More Information On The Research Report, Refer To Below Link:- Indonesia Car Finance Market Outlook Related Reports by Ken Research:- Vietnam Auto Finance Market Outlook To 2023 – By Loan Tenure, By Type Of Institution (Commercial Banks And Non- Banking Financial Institutions) And By Type Of Vehicle (Passenger And Commercial) Thailand Auto Finance Market Outlook To 2023 – By Loan Tenure, By Commercial Banks, Non- Banking Financial Institutions, Auto OEMs Captives; By New And Used Passenger And Commercial Vehicles Philippines Auto Finance Market Outlook To 2023 – By Banks And Nbfcs Including Captive Units (Auto Loan Portfolio And Motor Cycle Loan Portfolio), By New And Used Motor Vehicles, By Motor Vehicle Financed (Passenger And Commercial Vehicles), By Loan Time Period. Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@Kenresearch.Com +91-9015378249 Tags: Astra Credit Companies Share Indonesia Finance Market, Bank Car Finance Market Indonesia, BCA Bank Car Lease Finance Market Share Indonesia, BFI Indonesia Car Finance Market Report, Captives in Indonesia Car Finance Market, Car Finance Industry Indonesia, Car Finance Market Indonesia, Digitization of Car Finance Indonesia, Dipo Star Finance Market Revenue Indonesia, Indonesia Adira Dinamika car Financing Market Report, Indonesia Auto Finance Market, Indonesia Bank Mandiri Car Finance Market Competitors, Indonesia Car finance Aggregator Portals, Indonesia Car Finance Credit Disbursed, Indonesia Car Finance End Users, Indonesia Car Finance Industry, Indonesia Car Finance Industry Research Report, Indonesia Car Finance Interest Rate, Indonesia Car Finance Light Truck, Indonesia Car Finance Loan Tenure, Indonesia Car Finance Market, Indonesia Car Finance Market Analysis, Indonesia Car Finance Market Forecast, Indonesia Car Finance Market Future Outlook, Indonesia Car Finance Market Growth Rate, Indonesia Car Finance Market Major Players, Indonesia Car Finance Market Research Report, Indonesia Car Finance Market Revenue, Indonesia Car Finance Market Segmentation, Indonesia Car Finance Market Share, Indonesia Car Finance Market Size, Indonesia Car Leasing Market, Indonesia Car Loan Outstanding, Indonesia CIMB Niaga Car Finance Market Analysis, Indonesia Clemont Car Finance Market Overview, Indonesia Commercial Car Finance Market, Indonesia Major Captive Finance Institutions, Indonesia Multi Financing Companies Market Share, Indonesia Online Car Classifieds market, Indonesia Online Car Lending Ecosystem, Indonesia Passenger Car Finance Market, Industri Keuangan Mobil Indonesia, Laporan Penelitian Industri Pembiayaan Mobil Indonesia, Laporan Penelitian Pasar Keuangan Mobil Indonesia, Lending Interest Rate in Indonesia, Major Banks in Indonesia Car Finance Market, Minimum Down Payment for Car Finance Indonesia, NBFCs share Indonesia Credit Disbursed in USD Million, New Cars Finance Market Indonesia, Non Bank Institutes Indonesia, Number of New Cars and Used Car Financed Indonesia, Number of Used and New Cars Sold in Indonesia, OTO Multiartha Credit Disbursed for Car Financing in IDR Trillion, Pain Points in Indonesia Car Finance Market, Pasar Keuangan Mobil Indonesia, Radana Bhaskara Auto Finance Market Revenue, Suzuki Indonesia Auto Finance Market Revenue, Toyota Astra Finance Market Analysis Indonesia, Used Cars Finance Market Indonesia