Indonesian car tire makers predict the domestic market will grow robustly this year.

According to a local business Indonesia report on Monday, the market for new cars is expected to remain sluggish, while demand for replacement will be favorable.

This year’s tire market is expected to grow 5 percent year-on-year, said Imam, head of PT Sumitomo Rubber Industries Indonesia, a local corporation of Sumitomo Rubber Industries.

This year marks the time for the tire replacement for those who purchased the new car in 2017, as the country tends to replace tires three years after they purchase it.

According to an official at Bridgestone Tire Indonesia, a subsidiary of Bridgestone, the company aims to increase sales by 5 to 8 percent on-year due to expanded sales networks. It currently has more than 1,500 sales networks in the country.

Hankook Tire’s Indonesian subsidiary, KT Hankook Tire Indonesia, is aiming to raise its market share in Korea to 10 percent this year. Its share was 8 percent last year.

“We will achieve our goals in three key ways: promoting sales of tires with large external diameter, introducing new products such as tires for sport utility vehicles and expanding sales networks,” said an official at Hankook Tire. Hankook Tire is partnering with 25 sales companies, including Java Island and Sumatra.

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