Retail sales of premium and luxury cars are expected to rise at a current value CAGR of 11% (8% 2022 constant value CAGR) over 2023-2028 to total IDR29 trillion. Indonesia’s 13,800 HNWIs and 800 ultra-HNWIs are less likely to be badly affected by economic contraction, hence the expected rise in sales over the forecast period.
During the forecast period, retail e-commerce sales of premium and luxury cars are expected to climb in Indonesia. While more shoppers have started buying essential items online, they are also increasingly buying big-ticket items such as cars online too, with this trend set to continue.
Electric cars are expected to become more significant within premium and luxury cars over 2023-2028, as a result of government investment in fast electric car charging points and the arrival of new technologies in response to sustainability concerns and a need to promote zero emission vehicles. As interest in electric cars increases and consumers become both used to charging their own cars and more concerned about climate change, manufacturers will most likely invest more in electric cars, thereby offering consumers a wider choice of vehicles.
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Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in Indonesia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Premium and Luxury Cars industry in Indonesia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Passenger car vehicles providing exceptional comfort, aimed at the premium market and at drivers wanting a higher level of performance and handling or a vehicle that gives the impression of being capable of high-speed motoring. These cars are generally designed to appeal to high earning, status led consumers and generally retail at US$75,000 plus Example models include: Aston Martin, Ferrari, Jaguar, Bentley, Porsche, McLaren, Maserati, Rolls-Royce and Tesla
See All of Our DefinitionsThis report originates from Passport, our Premium and Luxury Cars research and analysis database.
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