Indonesia Two-Wheeler Tire Market Hits USD 43.94 billion in 2023, Charts Course for 6.55% CAGR Soar Until 2030

Indonesia Two-Wheeler Tire Market
Indonesia Two-Wheeler Tire Market

Indonesia Two-Wheeler Tire Market Size, Share, Trends, Analysis Future and forecast 2024-30

Are you in search of valuable insights driven by data to fuel the growth of your business? Look no further than the comprehensive market research report on Indonesia Two-Wheeler Tire Market provided by Markntel Advisors! Whether your goal is to outpace your competitors, introduce new products, or explore untapped markets, our accurately crafted report has all the information you need. As a business owner or analyst, this indispensable tool is something you simply cannot afford to overlook.

Let’s Run Through the Indonesia Two-Wheeler Tire Market Insights to Have a Clear View

The Indonesia Two-Wheeler Tire Market size is valued at around USD 43.94 billion in 2023 and is estimated to grow at a CAGR of about 6.55% during the forecast period, i.e., 2024-30.

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Examining the Top Competitors of the Indonesia Two-Wheeler Tire Market Size:

In this section, we will explore the Indonesia Two-Wheeler Tire Market from a competitive perspective, providing information on company profiles, financials, resources, key initiatives, R&D investments, strengths, weaknesses, and more. Leading companies in the market often form partnerships & collaborations to engage in joint venture programs, facilitating efficient resource sharing & goal achievement. Now, let’s delve into the details & acquaint ourselves with these market players.

  • Bridgestone Tire Indonesia
  • Continental Tires
  • Vee Rubber Co. Ltd
  • Kenda Tyres
  • PT Michelin Indonesia
  • Pirelli Tyre S.p.A
  • Maxxis International Indonesia
  • FDR Tire
  • PT Sumi Rubber Indonesia
  • IRC Tire Indonesia
  • others

A Comprehensive Overview of Geographical Diversity:

the Indonesia Two-Wheeler Tire Market expands across:

  • Java
  • Sumatra
  • Kalimantan (Borneo)
  • Bali
  • Rest of Indonesia

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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.

Indonesia Two-Wheeler Tire Market Segmentation Outline:

  • By Vehicle Type (Scooter & Moped [Internal Combustion Engine, Electric], Motorcycle [Internal Combustion Engine, Electric])
  • 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), and others

Key Questions Addressed in the Indonesia Two-Wheeler Tire Market Research Report:

  • What is the estimated size, share, & CAGR of the Indonesia Two-Wheeler Tire Marketin the forecast period?
  • What are the key trends projected to impact the Indonesia Two-Wheeler Tire Marketduring 2024-30?
  • What are the different segments & sub-segments considered in the Indonesia Two-Wheeler Tire Marketresearch study?
  • Who are the key stakeholders and players participating in the Indonesia Two-Wheeler TireMarket?
  • What would be the demand for different types of products/services in the Indonesia Two-Wheeler Tire Market through 2030?

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Note: The Indonesia Two-Wheeler Tire Market can further be customized with multi-dimensional, deep-level, & high-quality insights as per the specific requirements of clients to help them garner the industry’s prospects, effortlessly encounter market challenges, adequately formulate different strategies, and make sound decisions to remain competitive in the market.

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