Indonesia Commercial Vehicle Tire Market By Vehicle Type (Truck, Bus/Van, OTR), By Demand Category (OEM, Replacement), By Tire Construction Type (Radial, Bias), By Price Segment (Budget, Ultra Budget, Premium), By Region, Competition Forecast & Opportunities, 2026

  • Industry : Automotive
  • Pages : 96
  • Published Date : January, 2022
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Summary

Report Description

Indonesia commercial vehicle tire market was valued at USD3.75 billion in 2020 and is forecast to grow at a CAGR of 3.86% in the next five years. Rapidly increasing number of public transportations, logistics services, mining and agricultural activities are driving the growth of Indonesia commercial vehicle tire market in the upcoming years.

The spread of the COVID-19 pandemic has created both a public health crisis and an economic crisis in Indonesia. The pandemic also affected the working environment and employment statistics of the country. According to the World Bank’s national accounts data, Indonesia’s Gross Domestic Product (GDP) declined from USD1.119 trillion in 2019 to USD1.058 trillion in 2020, experiencing a decline of 5.45%. This resulted in economic instability in 2020, the sales of automobiles in the country dropped significantly and  also affect the Indonesia commercial vehicle tire market.

Escalating Demand for Buses for Transportation

In Indonesia the demand for buses is expanding, owing to the rising need for transportation of public and labor working at numerous construction sites and at oil refineries. Furthermore, demand for school transportation and public transportation is upsurging at a compelling pace in the country. Therefore, the growing demand for school buses would undoubtedly impact the Indonesia’s commercial vehicle tire market over the upcoming years and result in increased demand for commercial vehicle tire market in the country.

Rising Commercial Vehicle Fleet

Automotive market in Indonesia is growing at a robust pace. The large population in Indonesia and the increasing per capita income provides a wide scope for the commercial vehicle sector to flourish in the country, which results in the year on year rising fleet of commercial vehicles. The automobile market in Indonesia is majorly dominated by Japanese brands such as Toyota, Nissan, Daihatsu Motor, Honda, and Suzuki. Moreover, other than Japanese brands, there are other major automobile manufacturers in Indonesia such as General Motors, Mitsubishi, Ford, and many others. Indonesia is also a prominent exporter of automobiles to other countries, which generates greater demand for OEM tires as well. The growing demand and sales of commercial vehicles across the country is influencing the demand for commercial vehicle tires from original equipment manufacturers.

Abundance in Rubber Production

Indonesia is the world’s second largest rubber producer and exporter after Thailand. North and South Sumatra and Riau, West Kalimantan and Jambi are the main sites of rubber plantations in Indonesia. As it is the second largest producer of rubber globally, Indonesia has been an enticing destination for commercial vehicle tire manufacturers for a long time. The major global tire manufacturers such as Michelin, Bridgestone, Goodyear, Sumitomo Rubber, Hankook, etc., and domestic players such as Gajah Tunggal, Sumi Rubber, etc have settled their tire manufacturing facilities in the country for taking advantage of low natural rubber prices.

Growing Demand for Chinese Tires

The major tire market in Indonesia is majorly being tapped by some prominent Chinese tire manufacturers. Additionally, China also holds supremacy in exporting tires to Indonesia, which has hampered the sales of domestic tire players in the country. Indonesia’s prominent tire companies are facing rigid competition due to the rising penetration of Chinese tires in the tire market of Indonesia. As the price of Chinese tires are comparatively low and backed by the easy availability, the adoption of Chinese tires in the country is increasing at very robust rate. Therefore, it is expected that the sale of Chinese tires in Indonesia would increase during the forecast period due to their low rate, which is a leverage for consumers, whereas, at bigger margins, is favorable for dealers across Indonesia. The Chinese tire industry has witnessed rapid growth in the last few years, as the automotive sector is experiencing rapid change due to a increase in the demand for automobiles.

Increasing Adoption of Hybrid Buses

In Indonesia the use of green bus, which works on a hybrid engine using Compressed Natural Gas (CNG), etc., as a fuel, is increasing in demand. As the demand for these eco-friendly vehicles is expected to increase over the upcoming five years. These buses account for nearly zero emission and convey maximum commutation efficiency. Also, the buses consume up to 25% less fuel every year. So, the hybrid buses are good enough for use in busy inner cities and other areas of Indonesia. Many companies like PT Mobil Anak Bangsa (MAB), PT Inka, and PT Kendaraan Listrik Indonesia (KLI). PT Mobil Anak Bangsa Indonesia (MABI) are focusing on producing electric buses. These buses are retrofitted from diesel engine to hybrid engine with compressed natural gas system available to reduce greenhouse gases emissions through fuel switch from diesel to compressed natural gas. Hybrid bus is the next logical step towards zero-emissions local public transport that is forecast to witness growth during the forecast period, which in turn, will boost the growth of commercial vehicle tires market in the country.


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Market Segmentation

The Indonesia commercial vehicle tire market is segmented on the basis of vehicle type, by demand category, by tire construction type, by price segment, by region, by company. Based on vehicle type, the market is further segmented into truck, bus/van, OTR. On the basis of demand category, the market is sectioned into original equipment manufacturer (OEM) and replacement. On the basis of tire construction type, the market is segmented into radial tire and bias tire. On the basis of price segment, the market is bifurcated into ultra-budget, budget and premium. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Java, Sumatra, Kalimantan, Bali and others.

Company Profiles

PT Sumi Rubber Indonesia, PT Hankook Tire Indonesia, PT. Elangperdana Tyre Industry, PT Industri Karet Deli, PT. Gajah Tunggal Tbk., PT Bridgestone Tire Indonesia, PT Multistrada Arah Sarana Tbk., The Yokohama Rubber Co., Ltd., PT Goodyear Indonesia, PT Continental Tyres Indonesia are the key players in the Indonesia Commercial Vehicle tire market.

Attribute

Details

Market size value in 2020

USD 3.75 Billion

Revenue Forecast in 2026

USD 4.96 Billion

Growth Rate

3.86%

Base Year

2020

Historical Years

2016 – 2019

Estimated Year

2021

Forecast Period

2022 – 2026

Quantitative Units

Revenue in USD Billion, Volume in Million Units, and CAGR for 2016-2020 and 2021-2026

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Vehicle Type

·         Demand Category

·         Tire Construction Type

·         Price Segment

·         Region

Country Scope

Bali, Kalimantan, Sumatra, Java, Others

Key Companies Profiled

PT Sumi Rubber Indonesia, PT Hankook Tire Indonesia, PT. Elangperdana Tyre Industry, PT Industri Karet Deli, PT. Gajah Tunggal Tbk., PT Bridgestone Tire Indonesia, PT Multistrada Arah Sarana Tbk., The Yokohama Rubber Co., Ltd., PT Goodyear Indonesia, PT Continental Tyres Indonesia.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, Indonesia commercial vehicle tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Indonesia Commercial Vehicle Tire Market, By Vehicle Type:
    • Truck
    • Bus/Van
    • OTR
  • Indonesia Commercial Vehicle Tire Market, By Demand Category:
    • Replacement
    • OEM
  • Indonesia Commercial Vehicle Tire Market, By Tire Construction Type:
    • Bias
    • Radial
  • Indonesia Commercial Vehicle Tire Market, By Price Segment:
    • Ultra Budget
    • Budget
    • Premium
  • Indonesia Commercial Vehicle Tire Market, By Region:

o    Java

o    Sumatra

o    Kalimantan

o    Bali

o    Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Indonesia commercial vehicle tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.     Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Aided & Unaided Brand Recall

4.2.  Factors Influencing Purchase Decision

4.3.  Brand Satisfaction Level

5.    Indonesia Commercial Vehicle Tire Market Outlook, 2016-2026F

5.1.  Market Size & Forecast

5.1.1.     By Value

5.1.2.     By Volume

5.2.  Market Share & Forecast

5.2.1.     By Vehicle Type (Truck, Bus/Van, OTR)

5.2.2.     By Demand Category (OEM, Replacement)

5.2.3.     By Tire Construction Type (Radial, Bias)

5.2.4.     By Price Segment (Budget, Ultra Budget, Premium)

5.2.5.     By Region

5.2.6.     By Company (2020)

5.3.  Market Map (By Vehicle Type, By Demand Category, By Tire Construction Type, By Price Segment, By Region)

6.    Indonesia Truck Tire Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.1.2.     By Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Light Duty Truck, Medium Duty Truck and Heavy-Duty Truck)

6.2.2.     By Demand Category

6.2.3.     By Tire Construction Type

6.2.4.     By Price Segment

6.2.5.     By Rim Size (Up to 16'', 17"- 20'', Above 20'')

6.3.  Prominent Tire Sizes

6.4.  Pricing Analysis

7.    Indonesia Bus/Van Tire Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.1.2.     By Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type (Bus and Van)

7.2.2.     By Demand Category

7.2.3.     By Tire Construction Type

7.2.4.     By Price Segment

7.2.5.     By Rim Size (Up to 16'', 17"- 20'', Above 20'')

7.3.  Prominent Tire Sizes

7.4.  Pricing Analysis

8.    Indonesia OTR Tire Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.1.2.     By Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type (Agricultural Vehicles, Mining, Construction and Industrial Vehicle, Others)

8.2.2.     By Demand Category

8.2.3.     By Tire Construction Type

8.2.4.     By Price Segment

8.2.5.     By Rim Size (Up to 25", Above 25"))

8.3.  Prominent Tire Sizes

8.4.  Pricing Analysis

9.    Market Dynamics

9.1.     Drivers

9.2.     Challenges

10.  Market Trends and Developments

11.  Supply Chain Analysis

12.  Policy and Regulatory Landscape

13.  Impact of COVID-19 on Indonesia Commercial Vehicle Tire Market

14.  List of Prominent Dealers & Distributors

15.  Indonesia Economic Profile

16.  Competitive Landscape

16.1. PT Sumi Rubber Indonesia

16.2. PT Hankook Tire Indonesia

16.3. PT Elangperdana Tyre Industry 

16.4. PT Industri Karet Deli

16.5. PT Gajah Tunggal Tbk

16.6. PT Bridgestone Tire Indonesia

16.7. PT Multistrada Arah Sarana Tbk.

16.8. The Yokohama Rubber Co., Ltd.

16.9. PT Goodyear Indonesia

16.10. PT Continental Tyres Indonesia

17.  Strategic Recommendations

18.  About Us & Disclaimer

Figures and Tables

List of Figures

Figure 1:      Indonesia Commercial Vehicle Tire Market – Aided Brand Recall (N=100)

Figure 2:      Indonesia Commercial Vehicle Tire Market – Unaided Brand Recall (N=100)

Figure 3:      Indonesia Commercial Vehicle Tire Market - Factors Influencing Purchase Decision (N=100)

Figure 4:      Indonesia Commercial Vehicle Tire Market - Brand Satisfaction Level, By Lifetime (N=100)

Figure 5:      Indonesia Commercial Vehicle Tire Market - Brand Satisfaction Level, By Traction (N=100)

Figure 6:      Indonesia Commercial Vehicle Tire Market - Brand Satisfaction Level, By Frequency of Breakdown (N=100)

Figure 7:      Indonesia Commercial Vehicle Tire Market - Brand Satisfaction Level, By Vehicle Compatibility (N=100)

Figure 8:      Indonesia Commercial Vehicle Tire Market - Brand Satisfaction Level (N=100)

Figure 9:      Indonesia Commercial Vehicle Tire Market Size, By Volume (Million Units), By Value (USD Billion), 2016-2026F

Figure 10:    Indonesia Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

Figure 11:    Indonesia Commercial Vehicle Tire Market Share, By Demand Category, By Volume, 2016-2026F

Figure 12:    Indonesia Commercial Vehicle Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F

Figure 13:    Indonesia Commercial Vehicle Tire Market Share, By Price Segment, By Volume, 2016-2026F

Figure 14:    Indonesia Commercial Vehicle Tire Market Share, By Region, By Volume, 2016-2026F

Figure 15:    Indonesia Commercial Vehicle Tire Market Share, By Company, By Volume, 2020

Figure 16:    Indonesia Commercial Vehicle Tire Market Map, By Vehicle Type, Market Size (Million Units) & Growth Rate (%)

Figure 17:    Indonesia Commercial Vehicle Tire Market Map, By Demand Category, Market Size (Million Units) & Growth Rate (%)

Figure 18:    Indonesia Commercial Vehicle Tire Market Map, By Tire Construction Type, Market Size (Million Units) & Growth Rate (%)

Figure 19:    Indonesia Commercial Vehicle Tire Market Map, By Price Segment, Market Size (Million Units) & Growth Rate (%)

Figure 20:    Indonesia Commercial Vehicle Tire Market Map, By Region, Market Size (Million Units) & Growth Rate (%)

Figure 21:    Indonesia Truck Tire Market Size, By Volume (Million Units), 2016-2026F

Figure 22:    Indonesia Truck Tire Market Size, By Value (USD Billion), 2016-2026F

Figure 23:    Indonesia Truck Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

Figure 24:    Indonesia Truck Tire Market Share, By Demand Category, By Volume, 2016-2026F

Figure 25:    Indonesia Truck Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F

Figure 26:    Indonesia Truck Tire Market Share, By Price Segment, By Volume, 2016-2026F

Figure 27:    Indonesia Truck Tire Market Share, By Rim Size, By Volume, 2016-2026F

Figure 28:    Indonesia Truck Tire Market, Pricing Analysis (USD), 2016-2026F

Figure 29:    Indonesia Bus/Van Tire Market Size, By Volume (Million Units), 2016-2026F

Figure 30:    Indonesia Bus/Van Market Size, By Value (USD Billion), 2016-2026F

Figure 31:    Indonesia Bus/Van Market Share, By Vehicle Type, By Volume, 2016-2026F

Figure 32:    Indonesia Bus/Van Tire Market Share, By Demand Category, By Volume, 2016-2026F

Figure 33:    Indonesia Bus/Van Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F

Figure 34:    Indonesia Bus/Van Tire Market Share, By Price Segment, By Volume, 2016-2026F

Figure 35:    Indonesia Bus/Van Tire Market Share, By Rim Size, By Volume, 2016-2026F

Figure 36:    Indonesia Bus/Van Tire Market, Pricing Analysis (USD), 2016-2026F

Figure 37:    Indonesia OTR Tire Market Size, By Volume (Million Units), 2016-2026F

Figure 38:    Indonesia OTR Tire Market Size, By Volume (USD Billion), 2016-2026F

Figure 39:    Indonesia OTR Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

Figure 40:    Indonesia OTR Tire Market Share, By Demand Category, By Volume, 2016-2026F

Figure 41:    Indonesia OTR Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F

Figure 42:    Indonesia OTR Tire Market Share, By Price Segment, By Volume, 2016-2026F

Figure 43:    Indonesia OTR Tire Market Share, By Rim Size, By Volume, 2016-2026F

Figure 44:    Indonesia OTR Tire Market, Pricing Analysis (USD), 2016-2026F

 

List of Tables

Table 1:    Indonesia Prominent Truck Tire Sizes, 2020

Table 2:    Indonesia Prominent Bus/Van Tire Sizes, 2020

Table 3:    Indonesia Prominent OTR Tire Sizes, 2020

Table 4:        List of Prominent Tire Dealers & Distributors in Indonesia, 2021

Frequently asked questions

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Java has the dominating share in Indonesia commercial vehicle tire market due to greater presence of commercial vehicle fleet and higher economic development and high demand in public transportation.

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Truck segment is the dominating sub segment due to rising e-commerce business and correspondingly increase in demand for logistic services for which trucks are required.

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The top 10 players in the Indonesia commercial vehicle tire market are PT Sumi Rubber Indonesia, PT Hankook Tire Indonesia, PT. Elangperdana Tyre Industry, PT Industri Karet Deli, PT. Gajah Tunggal Tbk., PT Bridgestone Tire Indonesia, PT Multistrada Arah Sarana Tbk., The Yokohama Rubber Co., Ltd., PT Goodyear Indonesia, PT Continental Tyres Indonesia.

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Government initiatives such as infrastructure development, roads and highway development, port development and private initiatives such as ease of down payment requirements, foreign direct investment are driving the growth of Indonesia automotive industry, which is ultimately driving the Indonesia commercial vehicle tire market.

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Srishti Verma

Business Consultant
Press Release

Indonesia Commercial Vehicle Tires Market to Grow with CAGR of 3.86% until 2026

Dec, 2021

Indonesia Commercial Vehicle Tires Market is anticipated to grow with increasing demand for commercial vehicles in the forecast period, 2022-2026F.

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