Indonesian tyre market to grow 17.98% CAGR by 2018

The two-wheeler tyre market in Indonesia is set to grow at a compound annual growth rate (CAGR) of 17.98 per cent 2013-2018. That’s the view of a new report published by Research and Markets in January. According to the report’s writers one of the key factors contributing to this market growth is the strong demand for two-wheelers. The two-wheeler tyre market in Indonesia has also been witnessing growing demand for replacement tyres, which is likely to be based on the growing size of the domestic two-wheel vehicle parc.

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