Charting Growth: Indonesia Two-Wheeler Tire Market’s USD Value 43.94 billion in 2023, Outlook by 2030, Backed by a CAGR of 6.55% – MarkNtel Advisors

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In-Depth Analysis of the Indonesia Two-Wheeler Tire Market: 2024-2030 Forecasts

According to the latest findings by MarkNtel Advisors, The Indonesia Two-Wheeler Tire Market size was valued at USD 43.94 billion in 2023 and is estimated to grow at a CAGR of around 6.55% during the forecast period, i.e., 2024-30. The report provides an in-depth analysis of crucial aspects such as market trends, size, forecasts, growth factors, challenges, and competitor assessments. Conducting a thorough examination of the Indonesia Two-Wheeler Tire Market, the report offers insights into recent developments and presents an overview of the market landscape.

Indonesia Two-Wheeler Tire Market Segmentation Analysis:

Our research report meticulously explores the Indonesia Two-Wheeler Tire Market, breaking it down into these key segments: By Vehicle Type (Scooter & Moped [Internal Combustion Engine, Electric], Motorcycle [Internal Combustion Engine, Electric]), By Tire Size (Tire Size 1, Tire Size 2, Tire Size 3, Tire Size 4, Tire Size 5), By Tire Type (Radial, Bias), By Sales Channel (Online, Direct Sales, Multi Brand Stores, Exclusive Outlets), By Demand Type (OEM, Replacement), and others. Each segment, along with its subdivisions, undergoes a detailed breakdown to offer a comprehensive understanding of the market dynamics.

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Geographical Coverage:

Our research report on the Indonesia Two-Wheeler Tire Market offers comprehensive coverage across different regions, including China, India, Japan, Malaysia, Indonesia, Singapore, Cambodia, Vietnam, Thailand, Philippines, Australia, New Zealand, South Korea, Rest of Asia-Pacific. It provides detailed information on growth potential in each country and region, offering valuable insights for market stakeholders to strategically plan future operations and investments.

Indonesia Two-Wheeler Tire Market Driver:

Growing Penetration of Two-Wheelers in Shared Mobility Services – In the Asia-Pacific region, the number of students that commute regularly has been constantly growing due to favorable government policies such as easy visa clearance & student exchange programs to attract foreign students for higher studies. For instance, in 2021, Australia welcomed nearly 572,349 international students, which reached approximately 619,371 in 2023, according to the Ministry of Education. These students have been observed to prefer to hire Two-Wheeler shared & rental services, as scooters & bikes are ideal options to avoid city congestion & save costs.

Observing this enhanced demand for Two-Wheelers among students, ride-hailing companies such as Lime, Ola, etc., have expanded across the region in the past few years. Thus, the enhanced deployment of Two-Wheelers on the roads of Asia-Pacific countries is generating demand for tire replacement.

Also, several countries across the region, like New Zealand, India, etc., have been focusing on increasing the number of tourist arrivals across their countries. This has enhanced the inclination of shared mobility companies to expand their services across the region to cater to these customers. Consequently, this would upscale the usage of Two-Wheelers across the region, which would lead to enhancing the demand for Two-Wheeler tires for replacement purposes in the forthcoming years as well. For instance,

  • In 2021, Carlyle announced to invest USD200 Million in Kakoo Mobility in South Korea to provides a wide range of mobility services through its Kakao T mobile-app platform including, electric bike hire, parking, and navigation.

View Full Report [Including Description + TOC] – https://www.marknteladvisors.com/research-library/indonesia-two-wheeler-tire-market.html

Competitive Landscape of Indonesia Two-Wheeler Tire Market

The Indonesia Two-Wheeler Tire market witnesses’ fierce competition driven by the participation of both foreign and domestic companies. Considerable investments in Research and Development (R&D) have led to multiple innovations in the market. Companies with a reach exert significant influence over the Indonesia Two-Wheeler Tire market, and it is anticipated that several international players will expand their presence in the coming years. To maintain competitiveness amidst rivals, vendors must prioritize the development of new technologies and strive to stay ahead of imminent breakthroughs. The report underscores key players in the market, namely:

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

Sent Customized Report Inquiry – https://www.marknteladvisors.com/query/request-customization/indonesia-two-wheeler-tire-market.html

Common Queries:

  1. What is the current trajectory of cost and profit estimations in the Indonesia Two-Wheeler Tire Industry?
  2. How do factors like supply and consumption shape the landscape of the industry?
  3. In what ways do import and export considerations impact the dynamics of the Indonesia Two-Wheeler Tire Industry?
  4. Which technological advancements are anticipated to shape the future of the Indonesia Two-Wheeler Tire Market?
  5. Who are the noteworthy players highlighted in the Indonesia Two-Wheeler Tire Market research report?
  6. What are the anticipated USD valuations and the CAGR for the forecasted years?

About Us

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

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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