Indonesia Two-Wheeler Tire Market
Indonesia Two-Wheeler Tire Market Size, Share, Trends, Analysis Future and forecast 2024-30
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Let’s Run Through the Indonesia Two-Wheeler Tire Market Insights to Have a Clear View
The Indonesia Two-Wheeler Tire Market size is 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.Grab the Complimentary Sample Report (2024-30) – https://www.marknteladvisors.com/query/request-sample/indonesia-two-wheeler-tire-market.html
Examining the Top Competitors of the Indonesia Two-Wheeler Tire Market Size:
In this section, we will explore the Indonesia Two-Wheeler Tire Market from a competitive perspective, providing information on company profiles, financials, resources, key initiatives, R&D investments, strengths, weaknesses, and more. Leading companies in the market often form partnerships & collaborations to engage in joint venture programs, facilitating efficient resource sharing & goal achievement. Now, let’s delve into the details & acquaint ourselves with these market players.
- Bridgestone Tire IndonesiaContinental TiresVee Rubber Co. LtdKenda TyresPT Michelin IndonesiaPirelli Tyre S.p.AMaxxis International IndonesiaFDR TirePT Sumi Rubber IndonesiaIRC Tire Indonesiaothers A Comprehensive Overview of Geographical Diversity:
the Indonesia Two-Wheeler Tire Market expands across:
- JavaSumatraKalimantan (Borneo)BaliRest of Indonesia
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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.
Indonesia Two-Wheeler Tire Market Segmentation Outline:
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