SEA Online Used Car Market Growth Strategy 2022, Industry Trends, CAGR Status, Growth Analysis, Key Manufacturer and Strategies till 2026: 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 SEA Used Car Market Overview: The SEA Used Car industry is currently positioned in the early growing stage and is anticipated to register a double digit CAGR between the forecasted period 2021 to 2026F. The customers will tend to switch to used cars and new cars at a rate faster than before, depicting rapid change in consumer preferences. The market structure is expected to be consolidated in the future as the market share of players selling vehicles via organized channel is expected to surge. SEA Used Car market is currently in the late growing phase, growing at a CAGR of ~% during 2015-2021. Covid-19 pandemic had significantly reduced the purchasing power of consumers across the globe, due to which the ability to buy new car plunged. A quite significant shift in consumer’s preference towards used cars has been observed in the SEA region. Growth of transactional marketplaces offering one-stop solutions to buyers & connecting dealers, financing and insurance companies is also driving the used car market in SEA. SEA Used Car Market Segmentation By Business Model (C2B and B2C+C2C): The Overall SEA Used Car market is expected to witness a sales volume of ~ million units through C2B channel in 2021 with a CAGR of ~% during the period 2015-2021. The C2B Platforms enable sellers to sell used cars directly to the online players who in turn sell the inventory to the dealers either through bidding or by general sales process while charging a margin. Due to the presence of large number of organized and unorganized multi brand dealer in the market selling used cars to customers, B2C sales channel remains as the second most dominant channel after C2B. The advantage of purchasing a used car through a B2C Channel is the service offerings they provide such as aftersales, warranty and financing options among others which is lacking in C2C sales channel. By Country: Thailand is the Market Leader in Terms of both Sales Value and Volume, reporting ~ million Used Car Transactions in 2021. Malaysia Contributes the Most in terms of Online Used Car Market in the SEA Region as a result of the high Internet Penetration of about ~% at the start of 2022. Snapshot: Indonesia Used Car Market Analysis: Overview: The entry of various financing companies in the used car industry, as well as the launch of OEM-certified used car programs, has been the major growth drivers of the industry. Competition Analysis: The industry in Indonesia is largely unorganized due to the preference of consumers towards standalone local, independent dealers or the ones located in used car exchanges, along with peer-to-peer sales, facilitated by online auto-classified platforms. Snapshot: Thailand Used Car Market Analysis: Overview: Increasing demand for private vehicles, reduction in purchasing power, easy availability of finance, and increasing VAT on new cars are the main reasons behind positive growth in used car sales revenue. Competition: Online market is dominated by Carro and Carsome in the region. Both foreign as well as domestic companies are present in the market. The players compete on parameters such as proximity, value added services, prices, promotional offers and tie ups with major financial institution. In order to increase their revenue, the players offer free gifts and warranty as a part of promotion. Snapshot: Malaysia Used Car Market: Overview: Increasing demand for private vehicles, increasing purchasing power, easy availability of finance, increased govt. incentives to ensure sale of new cars are the main reasons behind positive growth in used car sales revenue. Competition: Some of the players operating in the B2C and C2C online used car segment are – Carsome, MyMotor, MyTukar, MUV and others. Snapshot: Philippines Used Car Market: Overview: There are a number of growth drivers which has resulted in expansion of the market; these include a surge in the demand of private cars, increasing per capita income, convenient financing facilities, increased internet penetration and enhanced digitalization of the used cars space. Competition: Used Car Market in Philippines is highly fragmented as majority of the market is unorganized. Snapshot: Singapore Used Car Market Analysis: Overview: There has been an immense expansion in the lead generation of used cars via the online means in the last decade. Competition: There exists intense competition in the fragmented market. Snapshot: Vietnam Used Car Market: Overview: Leveraging the growing internet penetration rate, various online classified players launched their operation in Vietnam post 2013. The increasing preference of consumers towards availing digital medium for their purchases has enhanced the sales prospect via C2C channel through classified platforms. Competition: Vietnam’s used car market is highly fragmented with presence of large number of organized and unorganized multi brand dealers. South East Asia Used Car Market Competitive Landscape SEA used car market is an extremely fragmented, with many players capturing more than one geography in the region. With several C2B & B2C online players, auto-classified platforms, OEM-certified, brand-authorized dealerships, multi-brand outlets, and independent (standalone as well as clustered) dealers operating in the business, there is fierce competition in the highly fragmented market. Recently, several new players have begun exploring the untapped markets in Southeast Asia. Price, vehicle age and residual value, brand value, and the need for maintenance are some of the most critical aspects influencing consumer preference. SEA Online Used Car Market: Increasing internet and smartphone penetration in the Southeast Asian countries has resulted in large number of consumers preferring to buy and sell cars through online auto classifieds and social media, due to which the used car market is getting more organized and gaining more traction. These platforms are taking advantage of digitalization to advertise their listings, making them easier to access and more visually attractive with an enormous number of reviews, photos and videos. Their aim is to harness the untapped potential of the industry as currently, there exists a single digit online penetration for used car in the Southeast Asia region. Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg0MjYz SEA Ancillary Services Market: Ancillary Services includes, Auto Finance, Car warranty, Motor Insurance Premium and Aftermarket Service. Banking institutions, NBFCs and captive companies are the major entities offering financing facilities to customers willing to purchase used car. The automotive aftermarket service industry recorded a positive CAGR of ~% on the basis of revenue in between 2015 and 2021. Surging vehicle parcs coupled with fast-growing middle-class population willing to avail private transportation medium due to increased awareness on health and hygiene followed by the advent of COVID-19 are some of the major determinants for the growth of automotive sector in SEA region. What is the Future of SEA Used car market? The used car industry in SEA is expected to grow in the future at a double digit CAGR over the forecast period 2021 to 2026F. The industry is expected to establish strong demand arising due to preference of personal vehicles over public transportation as the after effects of the pandemic. Future Technologies involving Artificial Intelligence & Virtual Reality is expected to enhance the digital buying & selling experience for consumers by offering 360° interior & exterior view of the car, estimating car price online via uploaded images, analysing consumer behavioural insights to show relevant ads according to interests & more. Key Topics Covered in the Report Executive Summary SEA Used Car Market Future Outlook Ecosystem of Major Entities in SEA Used Car Market Overview and Genesis of the Used Car Market in SEA Region Value Chain Model for Used Car Industry Issues and Challenges Overall Used Car Market Size and Segmentation Online Used Car Market Size and Segmentation Ancillary Service Market Analysis SWOT Analysis Customer Decision Making Parameters for Buying Used Car Covid-19 Impact on SEA Used Car Market Comparison of SEA Used Car Market with USA and China Market Competitive Landscape & Cross Comparison of Major Players Company Profiles Individual Country Wise Used Car Analysis for Indonesia, Thailand, Malaysia, Philippines, Singapore and Vietnam Future Projections Analyst Recommendations Research Methodology Related Reports Australia Used Car Market Outlook to 2026F – Driven by the consumer shift to online platforms and supply chain issues for new vehicles with an increasing trend of upgrading vehicles UAE Automotive Aftermarket Service Industry Outlook to 2026: Driven by increasing number of startups and consumers’ shifting preference towards online and organized sector Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: Annual Growth Rate Indonesia Used Car Market, Annual Growth Rate Malaysia Used Car Market, Annual Growth Rate Philippines Used Car Market, Annual Growth Rate SEA Used Car Market, Annual Growth Rate Singapore Used Car Market, Annual Growth Rate Thailand Used Car Market, Annual Growth Rate Vietnam Used Car Market, Carro Market Share, Carro SEA Presence, Carsome Market Share, Carsome Used Car market Sales, Challenges SEA Used Car Market, Country Wise Used Cars Sales SEA, Covid-19 Impact SEA Used Car Market, Future plan of Used Cars in SEA, Growth Drivers Southeast Asia Used Car Market, Industry Research Report Of Used Car, Investors & Venture Capital Firms in SEA, Market Research Report Of Used Car, MUV Market share, Number of Online Used Car Companies in SEA, Number of Used Car Companies in SEA, OLX Autos SEA Market capture, Online classified players in used car space, Online portals for Used Car SEA, Partnerships Used Car SEA, SEA Online Used Car Portals, SEA Used Car Industry, SEA Used Car Industry Research Report, SEA Used Car Market, SEA Used Car Market Analysis, SEA Used Car Market Comparison, SEA Used Car Market Competition, SEA Used Car Market Competition Landscape, SEA Used Car Market Future Outlook, SEA Used Car Market Growth, SEA Used Car Market Major Players, SEA Used Car Market Research Report, SEA Used Car Market Revenue, SEA Used Car Market Sales, SEA Used Car Market Share, SEA Used Car Market Size, SEA Used Car Market Trends, SEA Used Car Research Report, Snapshot Indonesia Used Car Market, Snapshot Malaysia Used Car Market, Snapshot Philippines Used Car Market, Snapshot Singapore Used Car Market, Snapshot Thailand Used Car Market, Snapshot Vietnam Used Car Market, Southeast Asia Used Car Market, Used Car Associations in SEA, Used Car Current Status SEA Region, Used Car Dealerships in SEA, Used Car Distributors Auction Houses in SEA, Used Car Domestic Players SEA, Used Car Financing Companies in SEA, Used Car Foreign Players SEA, Used Car Industry In SEA, Used Car Market In SEA, Used Car Market Key Players Indonesia, Used Car Market Key Players Malaysia, Used Car Market Key Players Philippines, Used Car Market Key Players Singapore, Used Car Market Key Players Thailand, Used Car Market Key Players Vietnam, Used Car Market Sales Indonesia, Used Car Market Sales Malaysia, Used Car Market Sales Philippines, Used Car Market Sales Singapore, Used Car Market Sales Thailand, Used Car Market Sales Vietnam, Used Car Present Market Status SEA, Used Car to New Car Ratio SEA, Used Car Value Chain