DUBLIN, August 25, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Indonesia Tire Market Forecast & Opportunities, 2021" report to their offering.
The tire market in Indonesia is projected to grow at a CAGR of over 13% during forecast period on account of expanding passenger car fleet, continuing infrastructure growth and large scale construction activities being undertaken in the country.
Indonesia is one of the major economies of the ASEAN region. Backed by government initiatives and rapid infrastructure developments, tire market in Indonesia is anticipated to grow at a robust pace over the next five years. Further, on account of favorable trading environment and easy availability of raw materials, an increasing number of automobile OEMs are establishing their manufacturing / assembling plants in the country, which is positively influencing the country's tire market.
Few of the major global tire brands operating in Indonesia include Toyota, Suzuki, Volkswagen, Mitsubishi, Honda, Nissan, Volvo, BMW, General Motors, Audi, Renault, Mazda and Isuzu. In 2014, the Government of Indonesia revised the luxury tax on "Low Cost Green Car (LCGC)" and "Low Emission Carbon (LEC) Vehicles" to promote environment friendly vehicles in the country. Under this program, automobile manufacturers are encouraged to invest in the country to produce more efficient, safer and technologically advanced vehicles. These initiatives are expected to positively influence the country's tire market over the next five years.
In 2015, tire market in Indonesia was dominated by the replacement tire segment, which grabbed around two-thirds of the market share. Moreover, two-wheeler tire segment grabbed a major share in Indonesia tire market in 2015, and the trend is expected to continue over the next five years as well.
Companies Mentioned:
- PT Bridgestone Tire Indonesia
- PT Elangperdana Tyre Industry
- PT Gajah Tunggal TBK
- PT Goodyear Indonesia TBK
- PT Hankook Tire Indonesia
- PT Michelin Indonesia
- PT Multistrada Arah Sarana
- PT Sumi Rubber Indonesia
- PT Suryaraya Rubberindo Industries
- Yokohama Rubber Company Limited
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Analyst View
4. Indonesia Tire Market Outlook
5. Indonesia Two-Wheeler (2W) Tire Market Outlook
6. Indonesia Passenger Car (PC) Tire Market Outlook
7. Indonesia Light Truck Tire Market Outlook
8. Indonesia Heavy Truck Tire Market Outlook
9. Indonesia Off-The-Road (OTR) Tire Market Outlook
10. Indonesia Medium Truck Tire Market Outlook
11. Indonesia Bus Tire Market Outlook
12. Supply Chain Analysis
13. Import-Export Analysis
14. Market Dynamics
15. Market Trends & Developments
16. Policy & Regulatory Landscape
17. Indonesia Economic Profile
18. Competitive Landscape
19. Strategic Recommendations
For more information about this report visit http://www.researchandmarkets.com/research/l52386/indonesia_tire
Related Topics: Automotive Tires
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