The market is dominated by foreign suppliers, as imports account for 70.2% of total market size in 2022. B2B drives market demand, with B2B spending representing 80.6% of total demand in 2022. Indonesia has the sixth largest market size for bearings, gears, and driving elements regionally, with demand reaching USD3.4 billion in 2022. Nsk Bearings Mfg Indonesia Pt is the largest company in Indonesia, generating 9.2% of the industry’s total production value in 2022. The industry is fragmented, with the top four companies generating 14.3% of total production value in 2022. The total number of companies increases in 2022, to 77 units. The costs of the industry increase by 6.4% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 19.0% of production value in 2022, the fourth highest regionally. The industry’s exports share increases in 2022 to 27.7% of total production output. With production value of USD1.2 billion, Indonesia accounts for 1.0% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Bearings, Gears, and Driving Elements in Indonesia: ISIC 2913. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bearings, Gears, and Driving Elements in Indonesia: ISIC 2913 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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