Press Release

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"

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.

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“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

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