Indonesia Two-Wheeler Tire Market Overview:

According to MarkNtel Advisors study 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. The burgeoning usage of two-wheelers by individuals in Indonesia is the key factor affecting the demand & growth graph of the market. The government of Indonesia, per year, allocates a limited budget for the upgradation of the road & transport in the country. As a result, Indonesia has a poor road infrastructure, ensuing traffic congestion issues in major urban cities like Jakarta, Semarang, etc.

Key Findings of the Study: Indonesia Two-Wheeler Tire market

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. As a result, foreigners tend to use ride-hailing services rather than private taxi services, driving the demand for two-wheeler ride-hailing services.

Moreover, the surging usage of the rental two-wheelers increases tire wear & tear, therefore the two-wheelers undergo frequent tire replacement, driving the Indonesia Two-Wheeler Tire Market. In addition, ride-hailing companies like Gojek, Uber Motorbikes, etc., are expanding their fleets to cater to the growing demand for rental services. Thus, the requirement for the tire for replacement purposes would increase in the future years.

Access Free Sample Report – https://www.marknteladvisors.com/query/request-sample/indonesia-two-wheeler-tire-market.html

Scope of the Indonesia Two-Wheeler Tire Market Report Segmentation

-By Vehicle Type

• Scooter & Moped- 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)
• 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)

For more detailed information about the Indonesia Two-Wheeler Tire market report, click here – https://www.marknteladvisors.com/research-library/indonesia-two-wheeler-tire-market.html

Geographical analysis:

-By Region

• Java
• Sumatra
• Kalimantan (Borneo)
• Bali
• Rest of Indonesia

Indonesia Two-Wheeler Tire Market Industry Recent Development:

• 2022: The company Michelin acquired Royal Lestari Utama (RLU), a project developing sustainable natural rubber in Indonesia. The acquisition would help the company to develop sustainable tire solutions and contribute to environmental protection.

Current Landscape of Indonesia Two-Wheeler Tire Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Indonesia Two-Wheeler Tire market. The research report profiles major players, including

Customization of Reports Available – https://www.marknteladvisors.com/query/request-customization/indonesia-two-wheeler-tire-market.html

• Bridgestone Tire Indonesia
• Continental Tires
• Vee Rubber Co. Ltd.
• Kenda Tyres
• PT Michelin Indonesia
• Pirelli Tyre S.p.A.
• PT Maxxis International Indonesia
• FDR Tire
• PT Sumi Rubber Indonesia
• IRC Tire Indonesia
• Others

Related Reports

• https://fox2now.com/business/press-releases/ein-presswire/4.6294444.684.6/luxury-furniture-market-valued-at-around-usd-24.6-65-billion-in-2024.6-set-to-reach-around-usd-41-95-billion-by-204.60
• https://www.wvnstv.com/business/press-releases/ein-presswire/4.6294444.684.6/luxury-furniture-market-valued-at-around-usd-24.6-65-billion-in-2024.6-set-to-reach-around-usd-41-95-billion-by-204.60
• https://www.upmatters.com/business/press-releases/ein-presswire/4.6294444.684.6/luxury-furniture-market-valued-at-around-usd-24.6-65-billion-in-2024.6-set-to-reach-around-usd-41-95-billion-by-204.60
• https://www.themarketingcommunicator.com/article/4.6294444.684.6-luxury-furniture-market-valued-at-around-usd-24.6-65-billion-in-2024.6-set-to-reach-around-usd-41-95-billion-by-204.60
• https://www.informnny.com/business/press-releases/ein-presswire/4.6294444.684.6/luxury-furniture-market-valued-at-around-usd-24.6-65-billion-in-2024.6-set-to-reach-around-usd-41-95-billion-by-204.60

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

For Media Inquiries, Please Contact:

Call: +1 628 895 8081 | +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India