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Largest Auto Leasing and Rental Market in Southeast Asia that is Likely to Witness Strong Growth due to Increasing Acceptance among Customers
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Indonesia has the largest auto leasing market and car rental market in South East Asia. However, the market remains very fragmented and the top 8 players account for a little over one-fourth of the market. The remaining market comprises of organized players including financial institutions with licensed business as well as thousands of small local operators, who have small fleet sizes as well as presence. The market faces challenging factors such as low auto-finance rates, mindset of people, decline in oil and gas industry, and improvement in public transport infrastructure. Corporates including SMEs are the dominant customer segment and operating lease is the most popular product. In spite of the challenges, certain factors such as increasing mobility needs, growth in number of SMEs, increasing acceptance among corporates, increase in middle-management customers, rising volume of tourists, high vehicle acquisition cost, favorable regulations, and growth of ridesharing and carsharing are some of the key drivers that are expected to boost up this market in the short to medium term.Key Target Audience• Automotive OEMs• Auto Leasing Companies• Car Rental Companies• Consulting Firms• Research Organizations• Government Institutions
This RS aims to present an overview of the current and future trends and developments in the auto leasing market and car rental Market in Indonesia during 2017-2022. The study includes the following:
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