DUBLIN, Nov. 4, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Indonesia Tyre Market Forecast and Opportunities, 2019" report to their offering.
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Rising automotive fleet, increase in per capita disposable income and easy availability of natural rubber to drive tyre market in Indonesia through the forecast period
According to the recently released report, Indonesia Tyre Market Forecast & Opportunities, 2019', the tyre market in Indonesia is forecast to grow at a CAGR of about 10 2014-19. Prominent reasons driving the market include growing automobile sales in domestic market, rising exports, increasing automobile fleet size, andabundance of raw material in the country.In 2013, majority tyre sales were accounted for by two wheeler segment. Through the forecast period, the segment is expected to continue its dominance with two wheeler tyre sales exceeding other tyre sales in volume terms.
OTR tyre segment occupied a very miniscule market share intheIndonesian tyre market in 2013, while passenger car and commercial vehicle tyre segment cumulatively accounted for around 28% share in volume terms in 2013.Java is emerging as the tyre manufacturing hub inthe country as major auto OEMs have set up their units in this region. Also, more than 50% of the population lives in this province, which makes it a melting pot for tyre sales in Indonesia. Gajah Tunggal is the market leader in Indonesia's tyre market, holding highest market share in volume terms in 2013. Other prominent tyre players operating in the market are Bridgestone, Goodyear and Michelin.
Low cost green cars (LCGC), Low Emission Carbon (LEC) vehicles and environment friendly vehicles are expected to grow at a considerable rate in Indonesian market, which is expected to buoy automobile fleet size and hence tyre market in Indonesia. In addition, the government of Indonesia is putting best foot forward in encouraging domestic as well as foreign companies to set up theirtyre production units in the country in order to minimize tyre imports said Mr.Jaspreet Singh, Research Consultant, a research based global management consulting firm.
Indonesia Tyre Market Forecast & Opportunities, 2019 has evaluated the future growth potential of Indonesia tyre market and provides statistics and information on market structure, exports and future growth of the Indonesia tyre market. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in Indonesia tyre industry.
Key Topics Covered:
1. Research Methodology
2. Analyst View
3. Tyre Market Overview
4. Indonesia Tyre Market Outlook & Forecast
5. Indonesia Passenger Car Tyre Market Outlook & Forecast
6. Indonesia Commercial Vehicle Tyre Market Outlook & Forecast
7. Indonesia Two-Wheeler Tyre Market Outlook & Forecast
8. Indonesia OTR Tyre Market Outlook & Forecast
9. Indonesia Tyre Market Raw Material Analysis
10. Indonesia Tyre Market Trade Analysis
11. Indonesia Tyre Market Dynamics
12. Policy & Regulatory Landscape
13. Indonesia Tyre Market Trends & Developments
14. Indonesia Economic Profile
15. Competitive Landscape
16. Strategic Recommendations
Companies Mentioned:
- Banteng Pratama Rubber
- Bridgestone Tire Indonesia
- Elangperdana
- Gajah Tunggal
- Goodyear Indonesia
- Hankook Tire Indonesia
- Michelin Indonesia
- Multistrada Arah Sarana
- Sumi Rubber Indonesia
- Suryaraya Rubberindo Industries
- YHI Indonesia
For more information visit http://www.researchandmarkets.com/research/zzsl44/indonesia_tyre
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
