•  Indonesia is one of the fastest growing economies in Southeast Asia. The country is the second largest producer of natural rubber in the world.
    • According to a recently released TechSci Research report, “Indonesia Tyre Market Forecast and Opportunities, 2020’’, the tyre market in Indonesia is forecast to grow at a CAGR of over 13% during 2015-2020. Major factors that are expected to boost Indonesia’s tyre industry include abundant raw material availability, continuing government support and growing domestic automotive industry.
    •  Abundant raw material availability, continuing government support and growing domestic automobile industry can be reasons to growth tyre industry in Indonesia
    • Two-wheeler tyre segment is the most dominating tyre segment in Indonesia in volume terms, followed by passenger car tyre, commercial vehicle tyre and OTR tyre and three-wheeler tyre segments.
    • According to “Indonesia Tyre Market Forecast & Opportunities, 2020”, Indonesia tire market is forecast to increase at a CAGR of more than 13% during 2015-20. Large two-wheeler fleet size, easy raw material availability and continuing government support would continue to drive the country’s tire market during the forecast period.

     

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