Indonesia Commercial Vehicle Tire Market 2026

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

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 2 Automotive © TechSci Research 2

Table of Contents 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 3 Automotive © TechSci Research 3

Table of Contents 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 4 Automotive © TechSci Research 4

Table of Contents 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 5 Automotive © TechSci Research 5

PRODUCT OVERVIEW

Scope of Report Product of Interest (POI): Commercial Vehicle Tire 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 VEHICLE TYPE REGION Year Range • Truck • Sumatra • Bus/Van • Kalimantan Review Period • OTR • Java • Bali 2016 – 2019 • Others DEMAND CATEGORY Base Year • OEM PRICE SEGMENT 2020 • Replacement • Budget • Ultra Budget Estimated Year TIRE CONSTRUCTION TYPE • Premium 2021 • Radial Forecast Period • Bias 2022 – 2026 7 Automotive © TechSci Research 7

RESEARCH METHODOLOGY

Research Methodology Market Profiling •In-depth secondary research was conducted to determine overall market size, segmental market Data Data Filter Research & Actionable Business size and top players in the Indonesia commercial Collection & Analysis Intelligence Insights Solution vehicle tire market. Formulating Questionnaire •In order to conduct industry experts’ interviews, TechSci formulated a detailed questionnaire. ❑ Identifying Key Opinion Leaders Developing List of Respondents ❑ Questionnaire Design ❑ In-depth Interviews A ❑ Recent •List of industry players and industry specialists Primary Developments was developed. Research B ❑ Market Changing Aspects/Dynamics Desk ❑ Government Data Collection C Research Policies Company ❑ Final Conclusion •TechSci conducted interviews with industry Analysis experts and industry players for data collection ❑ Market Participants and verification. ❑ Key Strengths Data Validation •Data obtained as a result of primary and Primary Secondary Paid Sources secondary research was validated through Research Research rigorous triangulation. ❑ LinkedIn ❑ Company Website ❑ Factiva ❑ TechSci Internal ❑ Company Annual ❑ Hoovers Data Analysis Database Reports ❑ White Paper Study ❑ Financial Reports •The data was scrutinized using MS-Excel and ❑ Investor statistical tools, such as Time Series Analysis, Presentations ❑ Regulatory Body etc. to obtain qualitative and quantitative ❑ Associations, etc. insights about the Indonesia commercial vehicle tire market. 9 Automotive © TechSci Research 9

Research Methodology 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 S. No. Secondary Sources 1. PT Sumi Rubber Indonesia 2. PT Hankook Tire Indonesia 1. OICA 3. PT Elangperdana Tyre Industry 2. World Bank 4. PT Industri Karet Deli Indonesian Motor Association 5. PT Gajah Tunggal Tbk 3. (Ikatan Motor Indonesia) 6. PT Bridgestone Tire Indonesia 4. Industry Magazines 7. PT Multistrada Arah Sarana Tbk 8. The Yokohama Rubber Co. Ltd 5. Credible Paid Database 9. PT Goodyear Indonesia 10. PT Continental Tyres Indonesia 10 Automotive © TechSci Research 10

Research Methodology 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 OEMTireSales 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. 11 Automotive © TechSci Research 11

Research Methodology ReplacementTireSales 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: Light Duty Truck X Replacement Ratio X No. of Tires = Replacement Tire Fleet Size (Volume) (%) Demand 100,000 X 19% X 4 = 76,000 Tires 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. Total Tire Market Forecast OEM Tire Sales + Replacement Tire Sales = Total Tire Market Forecast For forecasting the numbers, we have used time series analysis along with regression analysis, followed by judgmental analysis. 12 Automotive © TechSci Research 12

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 commercialvehicle 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 commercialvehicle 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. Apartial 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 YokohamaRubberCo.,Ltd.,PTGoodyearIndonesia,PTContinentalTyresIndonesia “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 managementconsulting firm. Automotive © TechSci Research 13

Sample Data -Snapshot Indonesia Commercial Vehicle Tire Market Size, By Volume (Million Units), By Value (USD Billion), 2016-2026F CAGR 2016-2020 CAGR 2021E-2026F By Value: xx% By Value: xx% By Volume: xx% BY Volume: xx% 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F Value (USD Billion) Volume (Million Units) 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% Indonesia Bus/Van Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F 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% Automotive © TechSci Research 14

Report Ordering Report Name: INDONESIA COMMERCIAL VEHICLE TIRE MARKET FORECAST AND OPPORTUNITIES 2016 – 2026 License Type Price Single User License $3500 Multi-User License $4500 Custom Research License $7500 To View Sample OR Purchase Report Automotive © TechSci Research 15

About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in numberof areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports • Global Automotive Fly Wheel Market, By Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles), By Product Type (Single Mass, Dual Mass, Others), By Demand Category (OEM v/s Aftermarket), By Technology (Manual Transmission, Semi- Automatic Transmission, Automatic Transmission), By Material (Aluminum, Cast Iron, Steel), By Region, Competition, Forecast & Opportunities, 2026 • Global Hydrogen Fuel Cell Vehicle Market, By Vehicle Type (Passenger Cars and Commercial Vehicles), By Power Output (<150 kW, 150–250 kW, >250kW),ByRegion,Competition, Forecast &Opportunities, 2026 TechSci Research – North America TechSci Research – Europe TechSci Research – Asia-Pacific 708 Third Avenue, Manhattan, 54, Old brook, Bretton, B – 44, Sector – 57, Noida, National Capital New York, United States Peterborough, Region, U.P. - India Tel: +1- 646- 360- 1656 United Kingdom Tel: +91-120-4523900 Email: [email protected] Email: [email protected] Email: [email protected] www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, 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 reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.