Indonesia Two-Wheeler Tire Market Revenue, Trends Analysis, Expected to Grow 6.55% CAGR, Growth Strategies and Future Outlook 2030: Markntel Advisors

Exploring the Indonesia Two-Wheeler Tire Market: Insights, Drivers, and Key Players

Market Introduction

The Indonesia Two-Wheeler Tire market has emerged as a crucial sector in the  economy, influencing various industries and consumer behaviors. As technological advancements and innovative solutions continue to shape this market, understanding its dynamics becomes essential for stakeholders, investors, and businesses.

Market Insights

In recent years, the Indonesia Two-Wheeler Tire market has witnessed significant growth due to several factors. The market’s expansion can be attributed to increased demand for efficient solutions, technological innovations, and the rising awareness of sustainable practices. The Indonesia Two-Wheeler Tire Market size was 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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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.

Market Segmentation

The Indonesia Two-Wheeler Tire market can be segmented based on several criteria, including:

By Vehicle Type

-Scooter & Moped- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Internal Combustion Engine (ICE)- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Up to 100 cc- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-101 cc to 125 cc- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-126 cc to 150 cc- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Above 150 cc- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Electric- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Motorcycle- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Internal Combustion Engine (ICE)- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Up to 100 cc- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-101 cc to 125 cc- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-126 cc to 150 cc- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Above 150 cc- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Electric- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

By Tire Size

-Tire Size 1- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Tire Size 2- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Tire Size 3- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Tire Size 4- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Tire Size 5- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

By Tire Type

-Radial- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Bias- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

By Sales Channel

-Online- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Direct Sales- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Multi Brand Stores- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Exclusive Outlets- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

By Demand Type

-OEM- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

-Replacement- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)

Geography:

The market is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, each with unique market dynamics and growth opportunities.

By Region  

-Java

-Sumatra

-Kalimantan (Borneo)

-Bali

-Rest of Indonesia

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Key Players

Several key players dominate the Indonesia Two-Wheeler Tire market, contributing to its growth and innovation. Some of the prominent companies in the market include:

• 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

Conclusion

The Indonesia Two-Wheeler Tire market is set to experience substantial growth in the coming years, driven by technological advancements, rising consumer demand, sustainability initiatives, and government support. Understanding the market’s key drivers, segmentations, and key players is crucial for businesses and investors looking to capitalize on the opportunities in this dynamic market. As the Indonesia Two-Wheeler Tire market continues to evolve, staying informed and adaptable will be key to success in this rapidly changing landscape.

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