Product Code: ETC174287 | Publication Date: Jul 2023 | Updated Date: Nov 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Indonesia Automotive Brake System Market registered a growth of 67.54% in value shipments in 2021 as compared to 2020 and a decrease of -11.17% CAGR in 2021 over a period of 2017. In Automotive Brake System Market Indonesia is becoming less competitive as HHI index in 2021 was 2960 while in 2017 it was 2915. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Indonesia has reportedly relied more on imports to meet its growing demand in Automotive Brake System Market. Indonesia is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Automotive Brake System Market in 2021 was 4.8 while in 2017 it was 3.91. Thailand, Japan, China, USA and Poland were among the top players of the market in 2021, where Thailand acquired the largest market share of 37.21% with a shipment value of 94.75 million USD in 2022 Thailand also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Automotive Brake System Market. In 2017 Thailand had the largest market share of 42.27% with the shipment value of 116.14 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Thailand offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Indonesia Automotive Brake System Market in 2017.
The Indonesia automotive brake system market is expected to experience significant growth during the forecast period. This can be attributed to increasing demand for vehicle safety, technological advancements and increased investments from major companies like Bosch, Denso Corporation, ZF Friedrichshafen AG, Aisin Seiki Co., Ltd., Federal-Mogul LLC, Akebono Brake Industry Co., Ltd., Nissin Kogyo Co. Ltd., amongst others. Increasing production of vehicles in Indonesia is also aiding the growth of this market over the forecast period.
Several new technologically advanced brake systems are being adopted by automobile manufacturers such as electric brakes which are gaining popularity due to their lightweight design and low maintenance cost. Additionally, rising disposable income among middle-class consumers has led them towards buying higher end luxury cars which have efficient braking systems installed in them leading to an increase in demand for these systems across the country irrespective of economic conditions prevailing around them. Moreover automakers are introducing fuel efficiency solutions coupled with advanced braking technologies such as regenerative braking that helps recapture energy while applying brakes thus making automobiles more environment friendly resulting into better market outlook for this sector going forward.
One of the major driving factors responsible for generating strong growth momentum for Indonesia Automotive Brake System Market is increasing focus on improving safety standards associated with automobiles both commercial and passenger along with ongoing developments related to manufacturing process and adoption of automated processes involved in production lines thereby propelling overall industry landscape further ahead having positive implications upon regional economy at large scale basis apart from boosting respective revenues generated through sale of products manufactured within region itself.. Moreover stringent regulations imposed by government authorities pertaining road safety measures also play crucial role stimulating product demand across various application segments important part domestic automotive industry aiming reduce number fatal accidents taking place highways roads alike areas all across domain when compared against past years under consideration here.
The COVID-19 pandemic has had a significant impact on the automotive brake system market in Indonesia. The outbreak of the virus has disrupted production and delivery activities, as well as caused economic slowdown due to its effect on consumer spending. This has led to decreased demand for automotive components, including brakes and related systems, resulting in a decline in revenues for manufacturers operating within this space.
One of the major challenges faced by manufacturers is that there are not enough skilled personnel available who can competently install and maintain these braking systems. Additionally, some OEMs have been reluctant to incorporate advanced technologies into their vehicles due to cost concerns which could potentially hamper market growth over the next few years. The quality of aftermarket parts also remain an issue with buyers often finding it difficult to identify genuine products from duplicates or counterfeits leading them towards poor performance outcomes when installed onto their vehicle. Furthermore, lack of availability suitable materials such as ceramics/carbon fiber used in high performance braking systems may hinder product innovation efforts over time thus hindering overall growth opportunities across this sector.
Some key players operating within this space include Brembo SPA (Italy), Aisin Seiki Co., Ltd (Japan), Bosch Automotive Steering BV (Netherlands), Akebono Brake Industry Co., Ltd (Japan), Nissin Kogyo Co., Ltd (Japan) among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Automotive Brake System Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Automotive Brake System Market Revenues & Volume, 2021 & 2028F |
3.3 Indonesia Automotive Brake System Market - Industry Life Cycle |
3.4 Indonesia Automotive Brake System Market - Porter's Five Forces |
3.5 Indonesia Automotive Brake System Market Revenues & Volume Share, By Type, 2021 & 2028F |
3.6 Indonesia Automotive Brake System Market Revenues & Volume Share, By Vehicle Type, 2021 & 2028F |
3.7 Indonesia Automotive Brake System Market Revenues & Volume Share, By Technology, 2021 & 2028F |
4 Indonesia Automotive Brake System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Automotive Brake System Market Trends |
6 Indonesia Automotive Brake System Market, By Types |
6.1 Indonesia Automotive Brake System Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Automotive Brake System Market Revenues & Volume, By Type, 2018 - 2028F |
6.1.3 Indonesia Automotive Brake System Market Revenues & Volume, By Disc Brake, 2018 - 2028F |
6.1.4 Indonesia Automotive Brake System Market Revenues & Volume, By Drum Brake, 2018 - 2028F |
6.2 Indonesia Automotive Brake System Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Automotive Brake System Market Revenues & Volume, By Passenger Cars, 2018 - 2028F |
6.2.3 Indonesia Automotive Brake System Market Revenues & Volume, By Commercial Vehicles, 2018 - 2028F |
6.3 Indonesia Automotive Brake System Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Automotive Brake System Market Revenues & Volume, By ABS, 2018 - 2028F |
6.3.3 Indonesia Automotive Brake System Market Revenues & Volume, By TCS, 2018 - 2028F |
6.3.4 Indonesia Automotive Brake System Market Revenues & Volume, By ESC, 2018 - 2028F |
6.3.5 Indonesia Automotive Brake System Market Revenues & Volume, By EBD, 2018 - 2028F |
7 Indonesia Automotive Brake System Market Import-Export Trade Statistics |
7.1 Indonesia Automotive Brake System Market Export to Major Countries |
7.2 Indonesia Automotive Brake System Market Imports from Major Countries |
8 Indonesia Automotive Brake System Market Key Performance Indicators |
9 Indonesia Automotive Brake System Market - Opportunity Assessment |
9.1 Indonesia Automotive Brake System Market Opportunity Assessment, By Type, 2021 & 2028F |
9.2 Indonesia Automotive Brake System Market Opportunity Assessment, By Vehicle Type, 2021 & 2028F |
9.3 Indonesia Automotive Brake System Market Opportunity Assessment, By Technology, 2021 & 2028F |
10 Indonesia Automotive Brake System Market - Competitive Landscape |
10.1 Indonesia Automotive Brake System Market Revenue Share, By Companies, 2021 |
10.2 Indonesia Automotive Brake System Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |