Indonesia Tyre(Tire) Market, At a CAGR of 9.8% (2019-2025)
Market Forecast By Origin (Local Manufacturing and Imports), By Vehicle Types (Trucks (Radial and Bias), Light Trucks (Radial and Bias), Passenger Cars and Two-Wheelers)) and Competitive Landscape.
According to 6Wresearch, Indonesia tyre market size is projected to grow at a CAGR of 9.8% during 2019-25. Good macroeconomic conditions and growing automotive manufacturing majorly driven by domestic demand would lead to the growth of tyre market in Indonesia. Radial tyres would register the highest growth rate during the forecast period owing to high installation of radial tyres in vehicles due to their better puncture resistance, flexible sidewalls and lower life-cycle cost.
Passenger car segment has accounted for key slice in overall Indonesia tyre market share owing to lower interest rates on vehicle loans and increasing popularity of low-cost green cars and multipurpose vehicles. Further, with rising urban population and social normalization of cars, the passenger car segment is expected to grow at a fastest rate as compared to all kind of vehicles during the forecast period.
The Indonesia tyre market report thoroughly covers market by tyre types, vehicle types, and by origin. The Indonesia tyre market outlook report provides an unbiased and detailed analysis of the on-going Indonesia tyre market trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Press Release : https://www.6wresearch.com/press-releases/indonesia-tire-market-share-forecasts-size-growth-opportunity-cagr-trends-swot-analysis.html
Key Highlights of the Report:
Indonesia Tyre Market
Indonesia Tyre Market Report
Indonesia Tyre Market Overview
Indonesia Tyre Market Trends
Indonesia Tyre Market Size
Indonesia Tyre Market Share
Indonesia Tyre Market Forecast
Indonesia Tyre Market Outlook
Indonesia Tyre Market Revenue
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