Top 10 Companies in Indonesia Tire Market | Suppliers & Manufacturers 2024

Top 10 Companies in the Indonesia Tire Market

Indonesia tire market has been expanding significantly and rapidly in recent years due to the contributions of key players in the industry. These players have been instrumental in stimulating innovation, increasing competition, and meeting the ever-growing demand for tires in the country. One of the main ways these key players have contributed to the market growth is through their continuous investment in research and development. This has resulted in the introduction of new and enhanced tire technologies that cater to the different needs and preferences of Indonesian consumers.

Moreover, the key players have also played a crucial role in growing competition in the market. As more players enter the market, there is healthy competition among them to offer the best products at competitive prices. As per 6Wresearch, Indonesia Tire Market Size is projected to grow at a CAGR of 9.8% during 2019-25.

List of Leading Companies in the Indonesia Tire Market

1. MICHELIN

General Company Establishment MICHELIN was incorporated in the year 1889 and is headquartered in Clermont-Ferrand, France. Micheline has its regional headquarters in Singapore. The company has its production facilities in Thailand and operates through local dealers and subsidiaries in South East Asia region. The company operates by the name of PT Multistrada Arah Sarana Tbk. in Indonesia. General Company manufactures and distributes tires and tubes for all kinds of vehicles as well as provides services and solutions to improve mobility efficiency.

2. Bridgestone

Bridgestone Corporation was founded in 1931 in Tokyo, Japan. Formerly named Bridgestone Tire Co. Ltd., the company changed its name to Bridgestone Corporation in 1984. The company’s regional headquarters is located in Singapore. The company provides tires and tubes for all kinds of vehicles, chemical and industrial products, BSAM diversified products, sporting goods, and bicycles. Bridgestone Corporation has production houses in Thailand, Indonesia and Vietnam, and distributes products via subsidiaries and authorized dealers in the South East Asia region.

3. Goodyear

The Goodyear Tire & Rubber Company is headquartered in Akron, Ohio, United States, and has its regional headquarters for Asia Pacific in China. The company operates through subsidiaries and distributors in the Southeast Asia region. Goodyear manufactures, markets, and distributes tires for most applications. The company also manufactures and markets rubber-related chemicals for various applications. Goodyear's product portfolio includes tires, rubber-related chemicals, tire retreading materials, chemical products, and automotive and commercial repair services.

4. Yokohama

The Yokohama Rubber Co., Ltd. Was founded in 1917 and is headquartered in Tokyo, Japan. The company operates through Joint Ventures, Subsidiaries and Dealers in the Southeast Asia region. The complete product line of the company includes tires for high-performance, light trucks, passenger car, commercial trucks and buses, and off-the-road mining and construction applications. Yokohama Rubber Co. provides goods useful in the fields of automobiles, civil engineering, construction, marine engineering, aerospace, and sporting goods.

5. PT Gajah Tunggal

PT Gajah Tunggal Tbk. was established in 1951 and is headquartered in Jakarta, Indonesia. The company began with bicycle tire manufacturing and started producing motorcycle tires in 1971 and bias tires for passenger and commercial vehicles in 1981. The company started producing radial tires for passenger cars and light trucks in 1993. PT Gajah Tunggal also manufactures and distributes other rubber-related products such as synthetic rubber, tire cords, inner tubes, flaps, o-ring and more.

6. Cheng Shin Rubber Ind. Co., Ltd.

Cheng Shin Rubber Ind. Co., Ltd. was Incorporated in 1967 and is headquartered in Taiwan, China. The company operates through its dealers and its Subsidiary brand Maxxis in the Southeast Asia region. Cheng Shin Rubber Ind. Co., Ltd. processes, manufactures, and trades in bicycle tires, electrical vehicle tires, reclaimed rubbers, various rubbers and resins, and other rubber products.  CST products include tires and tubes for bicycles, motorcycles, all-terrain vehicles, autos, trucks, forklifts, and agricultural and lawn and garden equipment.

7. MRF Limited

MRF Tyres was Incorporated in 1960 and is headquartered in Chennai, India. The company operates through its subsidiaries in the Asia region. MRF manufactures and trades in two-wheeler tires, passenger car tires, commercial vehicle tires, and OTR tires. The company also manufactures sports goods, paint, and coats, and toys MRF provides services such as T&S, tyretok, Tire Drome, and MRF Fast.

8. Apollo Tyres Ltd.

Apollo Tyres Ltd. was Incorporated in 1972 and is headquartered in Gurgaon, India. The company operates through its dealers and subsidiaries in the Asia region. Apollo Tyres Ltd. manufactures and trades in two-wheeler tires, passenger car tires, commercial vehicle tires, agricultural vehicle tires, and OHT tires. The company also provides services through its specialist network: Apollo Super Zone, Apollo Zone, Apollo CV Zone, Apollo Point

9. Sumitomo Rubber Industries, Ltd.

Sumitomo Rubber Industries, Ltd was incorporated in 1917 and is headquartered in Kobe, Hyogo, Japan. The company operates through subsidiaries and dealers in the Southeast Asia region. The complete product line of the company includes tires for high-performance, light trucks, passenger cars, race and rally cars, golf balls, golf bags, tennis balls, tennis rackets, precision rubber, high-damping rubber, and flooring materials. The company provides goods useful in the fields of automobiles, industries, construction, and sporting goods.

10 Toyo Tire & Rubber Co., Ltd.

Toyo Tire Rubber Co., Ltd. was founded in 1945 and is headquartered in Itami City, Hyogo, Japan. The company has its subsidiary in Malaysia and operates through distributors in other countries of Southeast Asia region. The company’s product portfolio includes tires, chemical and industrial products, and automotive components. The company manufactures tires for passenger vehicles, commercial trucks and buses, construction trucks, and industrial trucks and manufactures under three brands: Toyo Tires, Nitto, and Silverstone. 

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