Two Wheeler to Dominate Indonesia’s $4 Bn Tire Industry by 2023
Continuously growing
automobile sales coupled with improving economic scenario to drive Indonesia
tire market through 2023
According to TechSci Research report, “Indonesia
Tire Market By Vehicle Type, By Demand Category, By Radial vs Bias,
Competition Forecast & Opportunities, 2013-2023”, Indonesia tire market is
projected to cross $ 4 billion by 2023. Expanding
vehicle fleet and rising sales of two-wheelers and passenger cars are the major
demand generators of tires in Indonesia. In addition, expanding collaboration
of leading OEMs is anticipated to augment tire sales in the country over the
next five years. Moreover, rising disposable income and anticipated
improvements in the country’s road infrastructure are expected to further aid
the growth of Indonesia tire market during the forecast period.
Browse 91 market
data Figures and Tables spread through 159 Pages and an in-depth TOC
on "Indonesia
Tire Market"
https://www.techsciresearch.com/report/indonesia-tire-market/2325.html
With over two-thirds of the market share in 2017, two-wheeler
tires dominated Indonesia tire market, followed by the passenger car tire
segment. The dominance of two-wheelers is backed by prevailing road infrastructure
in Indonesia, thereby leading to more demand for two-wheelers and consequently
their tires. Large demand for tires in Indonesia emanates from Java region,
followed by Sumatra region. Rising urban population is the major factor behind
the high demand for tires in these regions. Increasing presence of various
companies such as PT Gajah Tunggal TBK, PT
Suryaraya Rubberindo Industries, PT Sumi Rubber Indonesia, etc., and their increasing operations in the country’s tire market is
anticipated to further intensify the market competition in Indonesia tire
market over the next five years.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=2325
Customers can also request for 10% free customization on this report.
“With rising government support to automotive industry, the
demand for tires is expected to grow at a robust pace in Indonesia in the
ensuing years. Moreover, improving economic scenario is further anticipated to steer
Indonesia tire market during the forecast period. Rising inclination towards re-treading
of tires would further aid the growth of the overall tire market in Indonesia
over the course of next five years.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Indonesia
Tire Market, By Vehicle Type, By Demand Category, By Radial vs Bias,
Competition Forecast & Opportunities, 2013-2023” has analyzed the potential
of tire market across Indonesia, and provides statistics and information on
market sizes, shares and trends. The report will suffice in providing the
intending clients with cutting-edge market intelligence and help them in taking
sound investment decisions. Besides, the report also identifies and analyzes
emerging trends along with essential drivers and key challenges faced by Indonesia
tire market.
About TechSci Research
TechSci Research is a leading
global market research firm publishing premium market research reports. Serving
700 global clients with more than 600 premium market research studies, TechSci
Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research based consulting assignments in high growth
and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]