TechNavio recognizes the following companies as the key players in the Two-wheeler Tire Market in Indonesia: PT Gajah Tunggal Tbk, PT Industri Karet Deli, PT Sumi Rubber Indonesia, and PT Suryaraya Rubberindo Industries.
Commenting on the report, an analyst from TechNavio’s team said: “One of the main trends witnessed in the Two-wheeler Tire market in Indonesia is the growing demand for replacement tires in the country. The country has been witnessing high adoption of two-wheelers over the last decade, which led to high demand for OEM tires. However, as the penetration rate of two-wheelers in the country has reached over 90 percent, the demand for OEM tires is getting stagnating. Moreover, the drastic surge in the number of two-wheelers in the market is expected to drive the demand for replacement tires over the next few years.”
According to the report, one of the major drivers in this market is the strong demand for two-wheelers in the country. Indonesia is one of the countries with a high penetration of two-wheelers. This is mainly due to the lower disposable income among the population, owing to which many people prefer two-wheelers to four-wheelers. This in turn has resulted in a strong demand for two-wheeler tires in the country.
Further, the report states that one of the major challenges in this market is the infrastructure-related issues in Indonesia. Over the years, the country has been witnessing very less investment for the improvement of its infrastructure. Moreover, the country is faced with congested roads and ports, lack of proper water supply, and scarcity of electricity. This has affected the smooth functioning of the tire manufacturing units and vehicle manufacturers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/two-wheeler-tire-market-in-indonesia-201…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report – Two-wheeler Tire Market in Indonesia 2014-2018
