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Indonesia Tire Market By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs. Replacement), By Radial Vs Bias, By Rim Size, By Region, Forecast & Opportunities, 2025

As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

Indonesia tire market was valued USD 3.35 Billion in value terms in 2019. The market is further projected to grow at a CAGR of over 5.95% during the forecast period on the back of growing vehicle sales and developing infrastructure across the country. Moreover, rising disposable income and expanding automobile fleet are also aiding to the growth of Indonesia tire market. Apart from this, increasing export, introduction of import quota regulation by the government and favourable FDI guidelines are some other key factors propelling the tire market growth in the country.

The abundant availability of raw materials such as rubber is encouraging new market players to establish their manufacturing units in the country. Additionally, expanding collaboration of leading OEMs and growing domestic automobile sector are also augmenting the Indonesia tire market growth.

Indonesia tire market is segmented based on vehicle type, demand category, radial vs bias, rim size and region. Based on vehicle type, the market can be categorized into passenger car, LCV (Light Commercial Vehicle), M&HCV (Medium & Heavy Commercial Vehicle), OTR (Off-The-Road Vehicles), two-wheeler and three -wheeler. Among them, the two-wheeler category dominates the tire market and is further expected to hold a market share of around 66.65% through 2025. The reason for the dominant share of the segment include prevailing road infrastructure in Indonesia, thereby leading to more demand for two-wheelers and consequently their tires.

Based on radial vs bias, Indonesia tire market is dominated by bias segment. It accounted for around 66.47% market share in 2019 and is further expected to cover a market share of around 64.25% during the forecast period. However, radial tyres are also gaining demand in Indonesia owing to their better puncture resistance, and lower life-cycle cost.

Major companies operating in Indonesia tire market are PT Gajah Tunggal TBK, PT Suryaraya Rubberindo Industries, PT Sumi Rubber Indonesia, PT Bridgestone Tire Indonesia, PT Michelin Indonesia, PT Goodyear Indonesia TBK, PT YHI Indonesia, PT Multistrada Arah Sarana, PT Hankook Tire Indonesia and PT Elangperdana Tyre Industry. Gajah Tunggal holds a leading position in Indonesia tire market. According to the company’s annual balance sheet, it produced over 43 million tires in 2018. Following Gajah, Bridgestone is the second largest producer of tires in Indonesia and has two production sites near Jakarta, in Bekasi and Karawang.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and forecast the market size of Indonesia tire market.
  • To classify and forecast Indonesia tire market based on vehicle type, demand category, radial vs bias, rim size, company and Region.
  • To identify drivers and challenges for Indonesia tire market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Indonesia tire market.
  • To identify and analyze the profile of leading players involved in the manufacturing tires in Indonesia.

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Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista


1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:


1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.


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