Research and Markets: Indonesia's Tyre Market is Forecasted to Grow over Two Folds by the End of 2018, Growing at the Significant CAGR of Around 15% During 2013-18
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/pg7cmg/indonesia_tyre) has announced the addition of the "Indonesia Tyre Market Forecast & Opportunities, 2018" report to their offering.
“Indonesia Tyre Market Forecast & Opportunities, 2018”
With the growing per capita income and significant population of about 240 Million as of 2012, Indonesia is transforming itself from a mere production hub to a major automotive market. With the increasing focus of large companies on the Indonesian automotive market, the demand for tyres is expected to grow consequently. Indonesia being the second largest rubber producer in the world after Thailand is inviting many tyre companies to enter into rubber plantation as a strategic move to fulfill the demand for tyres.
The report reveals crucial data for global marketing managers. According to it, the country has very low level of car ownership -- about 80 per 1,000 population as per 2012, which indicates enormous market potential for the passenger car segment. The report also indicates the growing contribution of the two-wheeler market. The two-wheeler tyre segment is the highest revenue generator in the overall tyre market as the country is the third largest two-wheeler market globally.
Indonesia Tyre Market Forecast and Opportunities, 2018, discusses the following aspects related to tyre market expansion in Indonesia:
- Indonesia Tyre Market Size, Share & Forecast
- Tyre Trade & Raw Material Analysis
- Changing Market Trends & Emerging Opportunities
- Market Drivers & Challenges
- Competitive Landscape & Strategic Recommendations
- PT Banteng Pratama Rubber
- PT Bridgestone Tire Indonesia
- PT Elang Perdana Tyre
- PT Gajah Tunggal TBK
- PT Goodyear Indonesia TBK
- PT Hankook Tire Indonesia
- PT Michelin Indonesia
- PT Multistrada Arah Sarana TBK
- PT Sumi Rubber Indonesia
For more information visit http://www.researchandmarkets.com/research/pg7cmg/indonesia_tyre
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