Indonesia Tire Market By Vehicle Type (Passenger Car, Two-Wheeler, OTR-Mining Vehicles, Truck & Bus), By Demand Category (OEM and Replacement), By Tire Construction Type (Radial and Bias), and By Rim Size, Competition Forecast & Opportunities, 2018-2028

  • Industry : Automotive
  • Pages : 159
  • Published Date : February, 2023
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Summary

Report Description

The Indonesia Tire Market was valued USD3.36 billion in 2021 and is forecast to grow at CAGR of 7.11% through 2028 on account of country's increasing domestic automobile market and greatly increased exports. Moreover, the country is also the second largest rubber producer across the globe.

Recent Developments

Indonesia is third largest two-wheeler market across the global and the country is also the second largest producer of rubber. There are many key global tire players in the Indonesia Tire Market. Moreover, many companies are investing toward increasing rubber plantation in Indonesia and recently PT Multistrada Arah Sarana Tbk has acquired shares of Michelin Indonesia for around USD 13 million, The companies in the region are also innovating like Bridgestone Indonesia and Soles4Souls Asia has partnered to make shoes from the recycled tires, Bridgestone also has a plan to expand its production capacities at plants in Indonesia in the coming two years and the company is expected to invest around USD 136 million. The company will cater to the demand by increasing the plant capacity from 45 percent with an production of  27,000 tires.

The leading global tire manufacturer Hankook Tire has been awarded Silver at the Indonesian K-Brand Award 2022. Hankook Tire is also providing NR farmers of Indonesia with eco-friendly coagulants. Michelin has completely acquired Indonesian sustainable rubber plantation project, and this makes Michelin a sole owner of the Royal Lestari Utama (RLU), and this is a joint venture with Barito Pacific Group. The companies are also developing smart and green tires, by using sustainable raw material in the tire manufacturing and the emission targets is also leading companies to focus more on the sustainable products.

The rise in the adoption of the vehicles in Indonesia is leading to a growth of the automobile industry, especially the two-wheeler segment is witnessing higher demand and this is consequently leading to a rise in demand for tires in the country and the abundance of the rubber in the country is helping them to lead the export of the tire and rubber globally. The availability of the top tire manufacturers is also adding great value to the Indonesia tire market and the market is expected to witness high growth rate during the forecast period.

Japanese automakers with ICEs have historically dominated Indonesia's automobile market, but new entrants are concentrating more on electric vehicles. The ASEAN region is the focus of an increase in export production by Japanese automakers in Indonesia. As a result, favorable macroeconomic conditions and lucrative investment prospects draw influential players and spur market expansion.

Increasing Vehicle Ownerships

The growth of the automobile industry in Indonesia has been remarkable and all the vehicle segments are seeing rise in demand. Commercial vehicles utilization has increased because of the ongoing infrastructure projects in the country, and all this has led to the rise in demand of the tires in the country. Big automobile companies such as Toyota has witnessed 55.3% year-on-year growth. The tire replacement segment has also witnessed rise in demand because of the increasing construction and infrastructure projects in the country. The rise in the automobile sales in the country is also favoring the growth dynamics and during the forecast years the market is expected to witness the market is expected to generate new growth opportunities.

Raw Material Availability

The adequate availability of the rubber in the country is one of the reasons that is making Indonesia a global tire hub. Many key global tire manufacturers are investing in the rubber plantation in the country. Companies are also focusing on obtaining sustainable rubber and other similar products that can be used as a raw material in the manufacturing of the tires. Overall, the easy availability of the rubber in the country is a crucial factor that is influencing growth dynamics of the Indonesia Tire Market.

Country Specific Regulatory Barriers

The export tire market of Indonesia is affected by the regulatory barriers of different countries. For instance, labeling standards and many other related barriers, become a challenge for the tire manufacturers and such regulatory standards are acting as barriers. Tire manufacturers are required to meet the regulatory frameworks as most countries have specific regulations and quality standards, and the increasing demand for such country-specific regulations is coming out as a challenge for the key tire manufacturers in the country. Regulations in EU wet grip classification, tire performance labelling indicate fuel consumption and noise emission standards are mandatory. Similarly, in the US, tires are required to meet the "Uniform Tire Quality Grading Standards" set by the  U.S. Dept. of Transportation, so there are number of regulations and as Indonesia is one of the biggest tire market across the globe, the export figures of Indonesia tire market in the coming years can generate significant revenue because of the higher demand of the tires globally but such regulations can affect the growth in the market.

The coronavirus pandemic has dealt a significant blow to Indonesia's automotive industry. To comply with social distancing norms, there were temporary closures and production cuts. Many businesses were also impacted by supply chain disruptions.


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Market Segmentation

The Indonesia Tire Market is segmented based on vehicle type, demand category, tire construction type, and rim size. Based on vehicle type, the market is further segmented into passenger car, two-wheeler, OTR-Mining Vehicles, truck & bus. Based on demand category, the market is bifurcated into OEM and replacement. Based on tire construction type, the market is segmented into radial and bias. Based on rim size, the segment is divided into Two-Wheeler (Up to 12", 13"-14" and Above 14"), Passenger Cars (Up to 14", 15"-17" and Above 17"), Light Trucks (Up to 13'', 14"- 15'' and Above 15''), OTR (Up to 20'', 21"- 25'' and Above 25''), Heavy Trucks (Up to 20'', 21"- 22.5" and Above 22.5''), Medium Trucks (Up to 16'', 17"- 20'' and Above 20'') and Buses (Up to 16'', 16"-20" and Above 20").

Company Profiles

PT Gajah Tunggal Tbk, Bridgestone Indonesia, Sumi Rubber, Hankook Tire Indonesia, PT Multistrada Arah Sarana Tbk, PT Goodyear Indonesia Tbk, Continental AG, Apollo Tyres, Giti Tire, and MRF Tyres are the leading companies in the Indonesia Tire Market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion, Volume in Thousand Units, and CAGR for 2018-2022 and 2023-2028

Report Coverage

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

Segments Covered

·         By Vehicle Type

·         By Demand Category

·         By Tire Construction Type

·         By Rim Size

Regional Scope

Asia-Pacific

Country Scope

Indonesia

Key Companies Profiled

PT Gajah Tunggal Tbk, Bridgestone Indonesia, Sumi Rubber, Hankook Tire Indonesia, PT Multistrada Arah Sarana Tbk, PT Goodyear Indonesia Tbk, Continental AG, Apollo Tyres, Giti Tire and MRF Tyres.

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 Tire Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Indonesia Tire Market, By Vehicle Type:

    • Passenger Car
    • Two-Wheeler
    • OTR-Mining Vehicles
    • Truck & Bus
  • Indonesia Tire Market, By Demand Category:
    • OEM
    • Replacement

·         Indonesia Tire Market, By End-User:

    • Radial
    • Bias

·         Indonesia Tire Market, By Rim Size:

    • Two-Wheeler (Up to 12", 13"-14" and Above 14")

o   Passenger Cars (Up to 14", 15"-17" and Above 17")

o   Light Trucks (Up to 13'', 14"- 15'' and Above 15'')

o   OTR (Up to 20'', 21"- 25'' and Above 25'')

o   Heavy Trucks (Up to 20'', 21"- 22.5" and Above 22.5'')

o   Medium Trucks (Up to 16'', 17"- 20'' and Above 20'')

o   Buses (Up to 16'', 16"-20" and Above 20")

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Indonesia 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).

Indonesia Tire Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Analyst View

4.    Indonesia Tire Market Outlook

4.1.  Market Size & Forecast

4.1.1.     By Value & Volume

4.2.  Market Share & Forecast

4.2.1.     By Demand Category (OEM Vs. Replacement)

4.2.2.     By Vehicle Type (Passenger Car, Two-Wheeler, Busses & Trucks and Off-The-Road-Mining Vehicles.

4.2.3.     By Tire Construction Type (Radial Vs Bias)

4.2.4.     By Rim Sizes

5.    Indonesia Two-Wheeler Tire Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value & Volume

5.2.  Market Share & Forecast

5.2.1.     By Demand Category (OEM Vs. Replacement)

5.2.2.     By Tire Construction Type (Radial Vs Bias)

5.3.  By Company

6.    Indonesia Passenger Car Tire Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Demand Category (OEM Vs. Replacement)

6.2.2.     By Tire Construction Type (Radial Vs Bias)

6.2.3.     By Company

7.    Indonesia Truck & Bus Tire Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Demand Category (OEM Vs. Replacement)

7.2.2.     By Tire Construction Type (Radial Vs Bias)

7.2.3.     By Company

8.    Indonesia OTR-Mining Vehicles Tire Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Demand Category (OEM Vs. Replacement)

8.2.2.     By Tire Construction Type (Radial Vs Bias)

8.2.3.     By Company

9.    Competitive Landscape

9.1.  PT Gajah Tunggal Tbk

9.1.1.     Company Details

9.1.2.     Products & Services

9.1.3.     Financial (As Reported)

9.1.4.     Key Market Focus & Geographical Presence

9.1.5.     Recent Development

9.1.6.     Key Management Personnel

9.2.  Bridgestone Indonesia

9.2.1.     Company Details

9.2.2.     Products & Services

9.2.3.     Financial (As Reported)

9.2.4.     Key Market Focus & Geographical Presence

9.2.5.     Recent Development

9.2.6.     Key Management Personnel

9.3.  Sumi Rubber

9.3.1.     Company Details

9.3.2.     Products & Services

9.3.3.     Financial (As Reported)

9.3.4.     Key Market Focus & Geographical Presence

9.3.5.     Recent Development

9.3.6.     Key Management Personnel

9.4.  Hankook Tire Indonesia

9.4.1.     Company Details

9.4.2.     Products & Services

9.4.3.     Financial (As Reported)

9.4.4.     Key Market Focus & Geographical Presence

9.4.5.     Recent Development

9.4.6.     Key Management Personnel

9.5.  PT Multistrada Arah Sarana Tbk

9.5.1.     Company Details

9.5.2.     Products & Services

9.5.3.     Financial (As Reported)

9.5.4.     Key Market Focus & Geographical Presence

9.5.5.     Recent Development

9.5.6.     Key Management Personnel

9.6.  PT Goodyear Indonesia Tbk

9.6.1.     Company Details

9.6.2.     Products & Services

9.6.3.     Financial (As Reported)

9.6.4.     Key Market Focus & Geographical Presence

9.6.5.     Recent Development

9.6.6.     Key Management Personnel

9.7.  Continental AG

9.7.1.     Company Details

9.7.2.     Products & Services

9.7.3.     Financial (As Reported)

9.7.4.     Key Market Focus & Geographical Presence

9.7.5.     Recent Development

9.7.6.     Key Management Personnel

9.8.  Apollo Tyres

9.8.1.     Company Details

9.8.2.     Products & Services

9.8.3.     Financial (As Reported)

9.8.4.     Key Market Focus & Geographical Presence

9.8.5.     Recent Development

9.8.6.     Key Management Personnel

9.9.  Giti Tire

9.9.1.     Company Details

9.9.2.     Products & Services

9.9.3.     Financial (As Reported)

9.9.4.     Key Market Focus & Geographical Presence

9.9.5.     Recent Development

9.9.6.     Key Management Personnel

9.10.              MRF Tyres

9.10.1.  Company Details

9.10.2.  Products & Services

9.10.3.  Financial (As Reported)

9.10.4.  Key Market Focus & Geographical Presence

9.10.5.  Recent Development

9.10.6.  Key Management Personnel

10.  About Us & Disclaimer

Figures and Tables

Figure 1:               Indonesia Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2017-2028F

Figure 2:               Indonesia GDP, By Value (USD Billion) 2017-2021

Figure 3:               Indonesia Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2017-2028F

Figure 4:               Indonesia Tire Market Share, By Vehicle Type, By Volume, 2017-2028F

Figure 5:               Indonesia Tire Market Share, By Tire Construction Type (Radial Vs. Bias), By Volume, 2017-2028F

Figure 6:               Indonesia Tire Market Share, By Rim Size (In Inches), By Volume, By Vehicle Type, 2021 & 2028F

Figure 7:               Indonesia Tire Market Share, By Rim Size (In Inches), By Volume, By Vehicle Type, 2021 & 2028F (Cont.)

Figure 8:               Indonesia Tire Market Share, By Rim Size (In Inches), By Volume, By Vehicle Type, 2021 & 2028F (Cont.)

Figure 9:               Indonesia Tire Market Share, By Rim Size (In Inches), By Volume, By Vehicle Type, 2021 & 2028F (Cont.)

Figure 10:            Indonesia Two-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2017-2028F

Figure 11:            Indonesia Two-Wheeler Sales, By Volume (Million Units) 2017-2021

Figure 12:            Indonesia Two-Wheeler Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2017-2028F

Figure 13:            Indonesia Two-Wheeler Tire Market Share, By Tire Construction Type (Radial Vs. Bias), By Volume, 2017-2028F

Figure 14:            Indonesia Two-Wheeler Tire Market Share, By Company, By Volume, 2021

Figure 15:            Indonesia Passenger Car Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2017-2028F

Figure 16:            Indonesia Two-Wheeler Sales, By Volume (Million Units) 2017-2021

Figure 17:            Indonesia Passenger Car Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2017-2028F

Figure 18:            Indonesia Passenger Car Tire Market Share, By Tire Construction Type (Radial Vs. Bias), By Volume, 2017-2028F

Figure 19:            Indonesia Passenger Car Tire Market Share, By Company, By Volume, 2021

Figure 20:            Indonesia Truck & Bus Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2017-2028F

Figure 21:            Indonesia Commercial Vehicle Sales, By Volume (Thousand Units), 2017-2021

Figure 22:            Indonesia Truck & Bus Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2017-2028F

Figure 23:            Indonesia Truck & Bus Tire Market Share, By Tire Construction Type (Radial Vs. Bias), By Volume, 2017-2028F

Figure 24:            Indonesia Truck & Bus Tire Market Share, By Company, By Volume, 2021

Figure 25:            Indonesia OTR-Mining  Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2017-2028F

Figure 26:            Indonesia Population Growth Rate % 2017-2021

Figure 27:            Indonesia OTR-Mining  Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2017-2028F

Figure 28:            Indonesia OTR-Mining  Tire Market Share, By Tire Construction Type (Radial Vs. Bias), By Volume, 2017-2028F

Figure 29:            Indonesia OTR-Mining Tire Market Share, By Company, By Volume, 2021

Frequently asked questions

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The increase in the vehicle ownership and increase in the sustainable plantation of raw materials in the country is expected to drive the Indonesia Tire Market.

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Two-wheeler is leading in the vehicle type segment as the adoption of these vehicles is more in the country.

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The major player in the Indonesia Tire Market are PT Gajah Tunggal Tbk, Bridgestone Indonesia, Sumi Rubber, Hankook Tire Indonesia, PT Multistrada Arah Sarana Tbk etc.

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The replacement segment is leading in the demand category because the replacement rate of the tire is comparative and the rise in the construction activities and high vehicle life is driving the replacement segment growth.

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Srishti Verma

Business Consultant
Press Release

Indonesia Tire Market to Reach USD 5.41 Billion by 2028

Dec, 2022

The increase in the automobile sales and the growth of the two-wheeler segment is expected to drive the Indonesia Tire Market during the forecast period.

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