Introduction

The Indonesia Two-Wheeler Tire Market is experiencing a dynamic shift, driven by technological advancements, evolving consumer preferences, and changing economic landscapes. This market has become a focal point for stakeholders, including manufacturers, suppliers, and investors, who are keen on exploring growth opportunities in this evolving industry. As businesses strive to adapt to these changes, understanding the market’s key drivers, segmentation, and regional dynamics becomes crucial. This blog provides an in-depth analysis of the Indonesia Two-Wheeler Tire Market, examining the market overview, dynamics, segment analysis, and regional projections.

Market Overview

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.

Indonesia Two-Wheeler Tire Market Dynamics

Several dynamics are shaping the Indonesia Two-Wheeler Tire Market. On the demand side, the growing consumer focus on quality and sustainability is driving the need for advanced solutions. Additionally, technological innovations such as artificial intelligence, IoT, and data analytics are enhancing product capabilities and creating new opportunities for businesses. On the supply side, market players are intensifying competition by launching innovative products and expanding their geographic presence.

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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.

Indonesia Two-Wheeler Tire Market Segment Analysis

The Indonesia Two-Wheeler Tire Market is segmented based on:

By Vehicle Type

• Scooter & Moped- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
• Motorcycle- 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)

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Indonesia Two-Wheeler Tire Market Regional Projection

The Indonesia Two-Wheeler Tire Market shows varied growth patterns across different regions:

By Region

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

Key Players in the Market

Several key players dominate the Indonesia Two-Wheeler Tire market, each striving to capture a larger share through product innovation, strategic partnerships, and expansion. Leading players include:

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

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