MPV Sales To Boost Indonesian Tyre Market – Report
An analysis from Frost & Sullivan of the Indonesian replacement tyre market says that the high number of sales of multi-purpose vehicles will mean an increase in sales of tyres. “MPVs are the major types of vehicles being sold in the Indonesian market and considering their role as transportation vehicles in difficult road conditions this segment expects to drive the overall growth of the tyre aftermarket,” notes Frost & Sullivan Research Associate Brijesh Sheregar. The Frost & Sullivan report reveals that revenues in this market totalled $1.09 billion in 2005 and can reach $2.86 billion in 2012.