Market Overview: Indonesia Two-Wheeler Tire Market
MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Indonesia Two-Wheeler Tire Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Indonesia Two-Wheeler Tire Market Insights 2024-30
The Indonesia Two-Wheeler Tire Market is estimated to grow at a CAGR of around 6.55% during the forecast period 2024-30.
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Driving Innovation: Exploring the Indonesia Two-Wheeler Tire Market and its Key Drivers
Indonesia Two-Wheeler Tire Market Driver: Extensive Usage of the Two-wheelers by Ride-hailing Companies to Thrive Market Growth
Over the past few years, Indonesia has emerged as a tourist destination due to the presence of various leisure, entertainment & attraction spots like Ubud Monkey Forest, Elephant Safari Park, Blanco Renaissance Museum, etc. The rising tourism in the country is driving the demand for ride-hailing services since tourists prefer to use ride-hailing services to explore the different places in the country. Ride-hailing companies such as Gojek, Grab, etc., offer two-wheeler renting services to tourists with fewer license-related formalities. As a result, foreigners tend to use ride-hailing services rather than private taxi services, driving the demand for two-wheeler ride-hailing services.
Moreover, the surging usage of the rental two-wheelers increases tire wear & tear, therefore the two-wheelers undergo frequent tire replacement, driving the Indonesia Two-Wheeler Tire Market. In addition, ride-hailing companies like Gojek, Uber Motorbikes, etc., are expanding their fleets to cater to the growing demand for rental services. Thus, the requirement for the tire for replacement purposes would increase in the future years.
Top Players in the Indonesia Two-Wheeler Tire Market:
- Bridgestone Tire Indonesia, Continental Tires, Vee Rubber Co. Ltd, Kenda Tyres, PT Michelin Indonesia, Pirelli Tyre S.p.A, PT. Maxxis International Indonesia, FDR Tire, PT Sumi Rubber Indonesia, IRC Tire Indonesia and others
Indonesia Two-Wheeler Tire Industry Recent Development:
- 2022: The company Michelin acquired Royal Lestari Utama (RLU), a project developing sustainable natural rubber in Indonesia. The acquisition would help the company to develop sustainable tire solutions and contribute to environmental protection.
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Segmentation Analysis of Indonesia Two-Wheeler Tire Market
Indonesia Two-Wheeler Tire Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
By Vehicle Type
-Scooter & Moped
–Internal Combustion Engine (ICE)
—Up to 100 cc
—101 cc to 125 cc
—126 cc to 150 cc
—Above 150 cc
–Electric
-Motorcycle
–Internal Combustion Engine (ICE)
—Up to 100 cc
—101 cc to 125 cc
—126 cc to 150 cc
—Above 150 cc
–Electric
- The substantial presence of the Scooter & Moped in the country used for both personal mobility & business purposes has widely contributed to the revenue growth of the Indonesia Two-Wheeler Tire Market from this segment.
By Tire Size
-Tire Size 1
-Tire Size 2
-Tire Size 3
-Tire Size 4
-Tire Size 5
By Tire Type
-Radial
-Bias
By Sales Channel
-Online
-Direct Sales
-Multi Brand Stores
-Exclusive Outlets
By Demand Type
-OEM
-Replacement
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A Comprehensive Geographical Analysis:
By Region
-Java
-Sumatra
-Kalimantan (Borneo)
-Bali
-Rest of Indonesia
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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Reach us: Call: +1 628 895 8081, +91 120 4278433 Email: [email protected] Visit to know more: www.marknteladvisors.com