Passenger Car Tires Market in Indonesia 2015-2019
About Passenger Car Tires
The passenger car tires market is fast becoming one of the most important markets for tire manufacturers in Indonesia, in terms of production and sales. Indonesia is a leading rubber producing country, and makes for a hub of rubber processing industries, especially those dealing in tires. The country has several home grown tire manufacturers, such as PT Gajah Tunggal Tbk, and PT Multistrada Arah Sarana, Tbk, which are leading in tire manufacturing across the world. The automotive industry an important factor in the growth of the manufacturing sector in Indonesia. The automotive sales in the country has been on a positive growth curve since 2005 through 2012, barring the global recession effects in 2009. Also, the four wheeler ownership penetration rate in Indonesia is approximately 43 cars per 1,000 people, which creates an opportunity for automakers to push up their sales. Technavio analysts forecast the passenger car tires market in Indonesia to grow at a CAGR of 8.87 percent during 2014-2019.
Covered in this Report
The passenger car tires market in Indonesia can be segmented into two divisions based on distribution channels: OEM and replacement. To calculate the market size, we consider the combined sales of these two segments. In addition, we discuss the major drivers influencing market growth in Indonesia and the challenges facing the vendors and the market as a whole. We evaluate the key trends emerging in the market as well.The Technavio report, namely Passenger Car Tires Market in Indonesia 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. We present the market landscape in Indonesia and its growth prospects in the coming years. We also include the key vendors operating in the market.
Technavio Announces the Publication of its Research Report – Passenger Car Tires Market in Indonesia 2015-2019
Technavio recognizes the following companies as the key players in the Passenger Car Tires Market in Indonesia: Chen-Shin Rubber/Maxxis Indonesia, PT Bridgestone Tire Indonesia, PT Elang Perdana Tyre Industry, PT Gajah Tunggal Tbk, PT Goodyear Indonesia Tbk, PT Industri Karet Deli, PT Michelin Indonesia, PT Multistrada Arah Sarana, Tbk and PT Sumi Rubber Indonesia – Dunlop
Commenting on the report, an analyst from Technavio’s team said: “Flat tires are a common problem faced by many vehicle owners and motorists worldwide. The most common reason for a flat tire is as a result of a sharp object, such as nail. The size of the puncture determines how much time it will take to deflate the tire completely. Tire manufacturers have been trying to solve this problem for a long time and finally, Continental Tires have come up with a solution called ContiSeal.”
According to the report, with the improvement in the economy the personal consumption and personal spending capacity of consumers is estimated to improve, which will lead to an increase in the demand for new cars. Growing demand and sales of new cars will translate into high sales of tires to the OEM segment.Further, the report states that underdeveloped infrastructure is one of the major challenges affecting the market.
Chen-Shin Rubber/Maxxis Indonesia, PT Bridgestone Tire Indonesia, PT Elang Perdana Tyre Industry, PT Gajah Tunggal Tbk, PT Goodyear Indonesia Tbk, PT Industri Karet Deli, PT Michelin Indonesia, PT Multistrada Arah Sarana, Tbk, PT Sumi Rubber Indonesia – Dunlop
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