Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • BEST PLACES TO WORK
  • News
    • HUMANITARIAN
    • TIRE MAKERS
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • MERGERS & ACQUISITIONS
    • OBITUARIES
    • OPINION
    • MID YEAR REPORT
    • SERVICE ZONE
  • ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Resources
    • Events
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
    • RUBBER NEWS EVENTS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
November 14, 2014 01:00 AM

Indonesia tire market set for growth

Tire Business Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    BURNABY, Canada (Nov. 14, 2014) — Indonesia's tire market is forecast to grow at a compound annual growth rate (CAGR) of about 10 percent through 2019, according to a recently released report.

    Global market research and consulting firm TechSci Research said in the report — “Indonesia Tire Market Forecast & Opportunities, 2019” — that factors driving market growth include increasing automobile sales in the domestic market, rising exports, increasing automobile fleet size and an abundance of raw material in the country. In 2013, majority tire sales were accounted for by the two wheeler segment, according to TechSci. Through the forecast period, the segment is expected to continue its dominance with two wheeler tire sales exceeding other tire sales in volume terms.

    The company said the OTR tire segment occupied “a very miniscule market share” in the Indonesian tire market in 2013, while the country's passenger car and commercial vehicle tire segment cumulatively accounted for about 28 percent share in volume terms in 2013.

    Java is emerging as the tire manufacturing hub in the country, TechSci said, as major auto OEMs have set up their units in this region. Also, more than 50 percent of the population lives in this province, “which makes it a melting pot for tire sales in Indonesia,” according to the firm's report.

    It said Gajah Tunggal is the market leader in Indonesia's tire market, holding highest market share in volume terms in 2013. Other prominent tire players operating in the market are Bridgestone Corp., Goodyear and Group Michelin.

    “Low cost green cars (LCGC), Low Emission Carbon (LEC) vehicles and environment friendly vehicles are expected to grow at a considerable rate in the Indonesian market, which is expected to buoy automobile fleet size and hence tire market in Indonesia,” said Jaspreet Singh, research consultant with TechSci.

    “In addition, the government of Indonesia is putting (its) best foot forward in encouraging domestic as well as foreign companies to set up their tire production units in the country in order to minimize tire imports.”

    The Indonesia tire market forecast has evaluated the future growth potential of Indonesia tire market and provides statistics and information on market structure, exports and future growth of the market. TechSci said the report “is intended to provide

    cutting-edge market intelligence and help decision makers to take sound investment evaluation,” noting it also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in the Indonesia tire industry.

    TechSci has offices in Canada, United Kingdom and India and provides market research consulting services in a number of categories including information technology, chemicals, water and water recycling, consumer goods and retail, automotive and energy and power.

    Its clients include GE; Swedish ball and roller bearings maker SKF A.B.; plumbing product supplier Kohler Co.; and tire makers Bridgestone Corp.; Sailun Tires Co. Ltd.; Hankook Tire Co. Ltd.; Giti Tire Group's GT Radial brand; and Sumitomo Corp.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Yokohama, Trelleborg Wheel deal earns final regulatory approval
    2
    Saudi tire plant backers target construction in 2024
    3
    Nokian starts construction on U.S. tire warehouse D/C
    4
    Conti marking Euro car tires with EV-compatible symbol
    5
    Nokian introduces all-terrain tire for N.A. market
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • Instagram
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • BEST PLACES TO WORK
    • News
      • HUMANITARIAN
      • TIRE MAKERS
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • MERGERS & ACQUISITIONS
      • OBITUARIES
      • OPINION
      • MID YEAR REPORT
      • SERVICE ZONE
    • ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Resources
      • Events
        • ASK THE EXPERT
        • LIVESTREAMS
        • WEBINARS
        • SEMA LIVESTREAMS
        • RUBBER NEWS EVENTS
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION