Indonesia commercial vehicle tire market was valued at USD3.75 billion in 2020 and is forecast to grow at a CAGR of 3.86% in the next five years. https://redirect.is/mfzp72u

1. MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
INDONESIA COMMERCIAL VEHICLE
TIRE MARKET
2016 – 2026
FORECAST AND OPPORTUNITIES
Published: November 2021

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Automotive
Table of Contents
S. No. Contents Page No.
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Aided and Unaided Brand Recall
4.2. Factors Influencing Purchase Decision
4.3. Brand Satisfaction Level
5. Indonesia Commercial Vehicle Tire Market Outlook, 2016-2026F
5.1. Market Size & Forecast
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Truck, Bus/Van, OTR)
5.2.2. By Demand Category (OEM, Replacement)
5.2.3. By Tire Construction Type (Radial, Bias)
5.2.4. By Price Segment (Budget, Ultra Budget, Premium)
5.2.5. By Region
5.2.6. By Company (2020)
5.3.
Market Map (By Vehicle Type, By Demand Category, By Tire Construction Type, By Price
Segment, By Region)
6. Indonesia Truck Tire Market Outlook

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Ta b l e o f C o n t e n t s
Table of Contents
S. No. Contents
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Bus and Van)
6.2.2. By Demand Category
6.2.3. By Tire Construction Type
6.2.4. By Price Segment
6.2.5. By Rim Size (Up to 16'', 17"- 20'', Above 20'')
6.3. Prominent Tire Sizes
6.4. Pricing Analysis
7. Indonesia Bus/Van Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1.
By Vehicle Type (Light Duty Truck, Medium Duty Truck and Heavy-Duty
Truck)
7.2.2. By Demand Category
7.2.3. By Tire Construction Type
7.2.4. By Price Segment

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Ta b l e o f C o n t e n t s
Table of Contents
S. No. Contents
7.2.5. By Rim Size (Up to 16'', 17"- 20'', Above 20'')
7.3. Prominent Tire Sizes
7.4. Pricing Analysis
8. Indonesia OTR Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share & Forecast
8.2.1.
By Vehicle Type (Agricultural Vehicles, Mining, Construction and Industrial
Vehicle, Others)
8.2.2. By Demand Category
8.2.3. By Tire Construction Type
8.2.4. By Price Segment
8.2.5. By Rim Size (Up to 25", Above 25")
8.3. Prominent Tire Sizes
8.4. Pricing Analysis
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends and Developments
11. Supply Chain Analysis

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Ta b l e o f C o n t e n t s
Table of Contents
S. No. Contents
12. Policy and Regulatory Landscape
13. Impact of COVID-19 on Indonesia Commercial Vehicle Tire Market
14. List of Prominent Dealers and Distributors
15. Indonesia Economic Profile
16. Competitive Landscape
16.1. PT Sumi Rubber Indonesia
16.2. PT Hankook Tire Indonesia
16.3 PT Elangperdana Tyre Industry
16.4. PT Industri Karet Deli
16.5. PT Gajah Tunggal Tbk
16.6. PT Bridgestone Tire Indonesia
16.7. PT Multistrada Arah Sarana Tbk
16.8. The Yokohama Rubber Co., Ltd.
16.9. PT Goodyear Indonesia
16.10. PT Continental Tyres Indonesia
17. Strategic Recommendations
18. About Us & Disclaimer

6. PRODUCT OVERVIEW

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Automotive
Scope of Report
Product of Interest (POI): Commercial Vehicle Tire
Review Period
2016 – 2019
Base Year
2020
Estimated Year
2021
Forecast Period
2022 – 2026
Year Range
Tire is a ring like component that encircles the vehicle’s rim and meets the ground. Tires are filled with
compressed air to provide a gripping surface for traction on the surface over which the vehicle travels. Most
vehicles are equipped with pneumatic tires where air is held under pressure inside the tire. Since tire
production began, natural rubber is extensively used in fabrication of tires. However, modern tires make use of
materials like synthetic rubber, fabric, steel wires, carbon black, etc. adding advanced characteristics to the
tires.
Market Segmentation
REGION
• Sumatra
• Kalimantan
• Java
• Bali
• Others
• Truck
• Bus/Van
• OTR
VEHICLE TYPE
DEMAND CATEGORY
• OEM
• Replacement
TIRE CONSTRUCTION TYPE
• Radial
• Bias
PRICE SEGMENT
• Budget
• Ultra Budget
• Premium

8. RESEARCH METHODOLOGY

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Automotive
A
C
B
Primary
Research
Company
Analysis
Desk
Research
❑ Identifying Key Opinion
Leaders
❑ Questionnaire Design
❑ In-depth Interviews
❑ Market Participants
❑ Key Strengths
❑ Recent
Developments
❑ Market Changing
Aspects/Dynamics
❑ Government
Policies
❑ Final Conclusion
❑ LinkedIn
❑ TechSci Internal
Database
❑ Factiva
❑ Hoovers
Paid Sources
❑ Company Website
❑ Company Annual
Reports
❑ White Paper Study
❑ Financial Reports
❑ Investor
Presentations
❑ Regulatory Body
❑ Associations, etc.
Secondary
Research
Primary
Research
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
•In-depth secondary research was conducted to
determine overall market size, segmental market
size and top players in the Indonesia commercial
vehicle tire market.
Market Profiling
•In order to conduct industry experts’ interviews,
TechSci formulated a detailed questionnaire.
Formulating Questionnaire
•List of industry players and industry specialists
was developed.
Developing List of Respondents
•TechSci conducted interviews with industry
experts and industry players for data collection
and verification.
Data Collection
•Data obtained as a result of primary and
secondary research was validated through
rigorous triangulation.
Data Validation
•The data was scrutinized using MS-Excel and
statistical tools, such as Time Series Analysis,
etc. to obtain qualitative and quantitative
insights about the Indonesia commercial vehicle
tire market.
Data Analysis
Research Methodology

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Baseline Methodology:
For the study, TechSci Research gathered information through primary research surveys with leading tire OEMs operating across the
country. We also put through an exhaustive search of credible paid databases, such as BusinessWeek, Factiva, Hoovers, etc.,
including our internal database. Our team of analysts has then prudently evaluated all the collected information and presented the
same in chronological order to depict a meaningful and clear picture of the Indonesia commercial vehicle tire market. While compiling
the data, we have also cross checked all the collected information from multiple sources and data warehouses, so as to present the
most accurate and precise information of the concerned industry.
All the data representation done here is in calendar year period, starting from 1st January 2020 to 31st December 2020 until
mentioned otherwise.
Primary Research – Partial List of Companies Interviewed Few Sources of Secondary Research
S. No. Company/Dealers & Distributor Names
1. PT Sumi Rubber Indonesia
2. PT Hankook Tire Indonesia
3. PT Elangperdana Tyre Industry
4. PT Industri Karet Deli
5. PT Gajah Tunggal Tbk
6. PT Bridgestone Tire Indonesia
7. PT Multistrada Arah Sarana Tbk
8. The Yokohama Rubber Co. Ltd
9. PT Goodyear Indonesia
10. PT Continental Tyres Indonesia
S. No. Secondary Sources
1. OICA
2. World Bank
3.
Indonesian Motor Association
(Ikatan Motor Indonesia)
4. Industry Magazines
5. Credible Paid Database
Research Methodology

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Automotive
Tire Production
TechSci Research has mapped production capacities of almost all tire manufacturing facilities in Indonesia, with the help of a series of
primary research surveys of all the major tire manufacturing companies in the country, followed by validation through secondary
sources such as company annual reports and industry associations data. TechSci Research has been successful in identifying the
production capacities of each tire plant as well as their respective plant locations, establishment dates and type of tires manufactured
in the country.
Vehicle Production, Sales and Fleet Size
Data points included in the report for analysis of Indonesia commercial vehicle tire market are historical, current and forecast figures
for vehicle production, sales and fleet size. Data for vehicle sales and fleet size has been extracted through various secondary sources
and credible data portals. TechSci Research has also maintained a database for vehicle sales and fleet size for two-wheelers, which is
regularly updated through various primary research surveys and secondary sources such as tire associations and government
publications.
Tire Demand
OEM Tire Sales
OEM tire demand has been calculated by multiplying the average number of tires per vehicle to the total number of vehicles
produced. For example, for light duty truck segment, the average number of tires is considered to be 5 and for medium/heavy duty
truck, the average number of tires is 7.
Research Methodology

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Automotive
Replacement Tire Sales
Replacement tire demand of a particular country is directly dependent on the country’s vehicle fleet size and historical vehicle sales.
Replacement tire demand is calculated by multiplying vehicle fleet with replacement tire ratio, which is obtained by conducting a
series of surveys with vehicle owners to understand the frequency of tire replacement, as it varies for different countries depending
upon the country’s road conditions, climate, economic and regulatory policies, etc. The replacement ratio is expressed as a
percentage. For example, in case of light duty truck, replacement ratio is considered to be 100% if four tires are replaced per vehicle
per year.
For instance, for light duty truck replacement tire demand calculation:
The calculated replacement tire demand data is further analyzed by TechSci Research through Delphi technique, i.e., multiple rounds
of telephonic interviews with tire companies/dealers in Indonesia. The information collected is then cross-verified through industry
experts and secondary sources, such as annual reports and paid databases to generate meaningful results.
Light Duty Truck
Fleet Size (Volume)
X
Replacement Ratio
(%)
X No. of Tires =
Replacement Tire
Demand
100,000 X 19% X 4 = 76,000 Tires
Total Tire Market Forecast
Forecast
For forecasting the numbers, we have used time series analysis along with regression analysis, followed by judgmental analysis.
OEM Tire Sales + Replacement Tire Sales = Total Tire Market
Research Methodology

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Automotive
Industry Brief
Indonesia Commercial Vehicle Tires Market is anticipated to grow with increasing demand for commercial vehicles in the forecast period, 2022-2026F.
According to TechSci report on, “Indonesia Commercial Vehicle Tires Market - By Region, Competition Forecast & Opportunities, 2026”, Indonesia
commercial vehicle tires market is projected to reach market value of USD4.96 billion in the year 2026 while growing at a CAGR of 3.86% in the
forecast years, 2022-2026. In the year 2020, market value was registered to be USD3.75 billion and its growth depends on factors like increasing
demand for commercial vehicles by various end use industries. Increasing production of automotive for the commercial purposes and increasing
demand for the replacement tires further drives the growth of the Indonesia commercial vehicle tires market in the upcoming five years. Automotive
industry in the country is ever expanding and growing rapidly due to surging demand from consumers. The automotive industry in the country is
dominated by global giants like Mitsubishi, Ford, etc. Presence of such market players and their dealers & distributors in the market are also actively
responsible for the growth of the Indonesia commercial vehicle tire market in the next five years. Also, Indonesia is the second largest producer and
exporter of rubber that is utilized for the manufacturing of tires. Thus, availability of the raw material along with cheap labor substantiates the growth of
the Indonesia commercial vehicle tires market in the future five years. Increasing population of the country, growing construction sector, surging
demand for logistic services, and increasing dependency over commercial vehicles for commutation further aids the growth of the Indonesia
commercial vehicle tires market in the forecast years, until 2026.
Although factors like Chinese players’ penetration in the export of commercial vehicle tires and increasing competition from other Asian countries for the
export of commercial vehicle tires may create restraint on the future growth of the Indonesia commercial vehicle tires market.
The Indonesia commercial vehicle tire market is segmented by vehicle type, demand category, tire construction type, price segment, regional
distribution, and competitive analysis. Based on demand category, the market is further differentiated between OEM and replacement tires.
Replacement tires are expected to hold largest revenue shares of the market and dominate the market segment in the upcoming five years on the
account of increasing demand for the replacement tires among the long-term consumers. Also, increasing demand for transportation and logistic
services causes higher wear and tear in the products and thus surge the demand for replacement tires and drives the Indonesia commercial vehicle
tires market growth in the next five years. Rising popularity of the local branded tires is also influencing consumer preference. Higher cost of automotive
vehicles tends to influence consumers to replace the tires over buying new automobiles thus further substantiating the growth of the Indonesia
commercial vehicle tires market in the future five years.
On the basis of tire construction type, the market is bifurcated into radial and bias. Bias construction type of commercial vehicle tires is anticipated to
lead the market segment and hold largest revenue shares of the market in the next five years on the grounds of its advantages over radial tires. A bias
tire is made of multiple layers of coated rubber, piles of fabric, that are placed in angular formation at 30-40 degrees with piles laid at opposing levels
giving it a crisscross pattern. These tires provide better grip with the road thus providing smooth ride on rough surfaces with enhanced operator
comfort, while also the ability to withstand higher loads. This makes these tires especially effective for machinery in ports & terminals.
A partial list of major market players in the Indonesia commercial vehicle tires market includes: PT Sumi Rubber Indonesia, PT Hankook Tire Indonesia,
PT Elangperdana Tyre Industry, PT Industri Karet Deli, PT Gajah Tunggal Tbk, PT Bridgestone Tire Indonesia, PT Multistrada Arah Sarana Tbk., The
Yokohama Rubber Co., Ltd., PT Goodyear Indonesia, PT Continental Tyres Indonesia
“Government initiatives towards automotive industry in the country is one of the major growth drivers of the Indonesia commercial vehicle tire market.
Where government is itself investing in the industry and also inviting foreign direct investment in the tire industry along with other end use industries.
New market players may focus on online sales channels to increase their sales and enhance their market presence. Also, they may invest in
promotions of premium tires to gain better brand recalls,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.

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Automotive
Sample Data - Snapshot
2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F
Value (USD Billion) Volume (Million Units)
CAGR 2016-2020
By Value: xx%
By Volume: xx%
CAGR 2021E-2026F
By Value: xx%
BY Volume: xx%
Indonesia Commercial Vehicle Tire Market Size, By Volume (Million Units), By Value (USD Billion), 2016-2026F
Indonesia Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2016-2026F
2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F
Truck 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Bus/Van 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
OTR 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F
Radial 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%
Bias 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00%
Indonesia Bus/Van Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F

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Automotive
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Report Name: INDONESIA COMMERCIAL VEHICLE TIRE MARKET
FORECAST AND OPPORTUNITIES
2016 – 2026
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evaluation of the opportunities available in the market.
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accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers
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