Car-sharing - Indonesia | Statista Market Forecast

Indonesia's Car-sharing market is anticipated to earn a revenue of US$65.22m by 2024.
It is further estimated that the revenue will grow annually at a rate of 5.12% (CAGR 2024-2029), resulting in a market volume of US$83.72m by 2029.
The number of users in the Car-sharing market is projected to reach 1.57m users by 2029.
In 2024, the user penetration is expected to be 0.4%, which is expected to increase to 0.5% by 2029.
The average revenue per user (ARPU) is predicted to be US$52.73.
By 2029, online sales are expected to generate 85% of the total revenue in the Car-sharing market.
It is noteworthy that United States will generate the most revenue in the Car-sharing market in comparison to other countries, with an estimated revenue of US$3bn by 2024.
Car-sharing services in Indonesia are gaining popularity as urbanization and traffic congestion increase in major cities like Jakarta.

Definition:

The Car-sharing market encompasses car-sharing services. Car-sharing service providers own the vehicles that customers can book independently at any time. Customers need to enter into a contract with the service provider in order to be able to book vehicles via a smartphone app, the website of the service provider, or by telephone. The vehicle is usually opened via smartphone or a chip card. Some service providers, however, provide the car key in a key safe at the car-sharing station. Prices are calculated per minute or hour, with the money being debited from the customer's bank account. Peer-to-peer car-sharing is not included in this market. Car-sharing services are not available in all countries; thus, only a limited number of countries and regions can be selected.

Additional Information:

The main performance indicators of the Car-sharing market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the mentioned market. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

Free-floating car sharing bookings
Station-based car sharing bookings
Companies offering a combination of free-floating and station-based car sharing
Services such as Share Now, Sixt Share, or Enterprise CarShare

Peer-to-peer car sharing bookings
Rental car booking
Taxi services
Carpools
Ride hailing services

The Car-sharing market in Indonesia has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences: Indonesian consumers are increasingly seeking more convenient and cost-effective transportation options, which has led to a growing demand for car-sharing services. The rise of urbanization and congestion in major cities has made car ownership more burdensome, leading many consumers to opt for car-sharing as a more flexible and affordable alternative. Additionally, younger generations are showing a preference for sharing economy models, valuing access over ownership.

Trends in the market: The car-sharing market in Indonesia is witnessing several key trends. Firstly, there has been a rise in the number of car-sharing platforms entering the market, offering a variety of options to consumers. This increased competition has resulted in improved services, lower prices, and more convenient booking systems. Secondly, there is a growing trend towards electric and hybrid car-sharing services, as consumers become more environmentally conscious and seek sustainable transportation options. This trend is further supported by government initiatives to promote electric vehicles and reduce carbon emissions. Lastly, car-sharing services are expanding beyond major cities and into smaller towns and rural areas, catering to a wider range of customers.

Local special circumstances: Indonesia's unique geographical and demographic characteristics contribute to the growth of the car-sharing market. The country consists of thousands of islands, making it difficult for individuals to own and maintain their own vehicles. In addition, the high population density in urban areas exacerbates traffic congestion, making car-sharing an attractive option for many. Furthermore, the relatively low car ownership rate in Indonesia compared to other countries in the region provides ample opportunity for car-sharing services to fill the gap.

Underlying macroeconomic factors: Several macroeconomic factors are driving the development of the car-sharing market in Indonesia. The country's growing middle class and rising disposable incomes have increased consumer spending power, making car-sharing services more affordable and accessible. Additionally, advancements in technology and the widespread use of smartphones have made it easier for consumers to book and access car-sharing services. The government's efforts to improve infrastructure and transportation systems also play a role in supporting the growth of the car-sharing market. In conclusion, the car-sharing market in Indonesia is experiencing significant growth due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The demand for more convenient and cost-effective transportation options, coupled with the unique geographical and demographic characteristics of the country, has created a favorable environment for the development of car-sharing services. As the market continues to evolve, we can expect to see further expansion, increased competition, and a greater emphasis on sustainability.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of car-sharing services.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

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