South Korea Tire Market (2020-2026) | Share, industry, Size, Growth, Revenue, Forecast, Trend, Analysis, Outlook & COVID-19 IMPACT

Market Forcast By Origin(Local Manufacturing, Imports), By Types(Radial Tires, Bias Tires), By End Users(OEMReplacement), By Vehicle Types(TrucksLight TrucksTwo-WheelersPassenger Cars), and Competitive Landscape

Product Code: ETC001621 Publication Date: Aug 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Latest Development (2022) in South Korea Tires Market

South Korea Tires Market is anticipated to gain proliferation during the upcoming years on account of the strengthening of the automotive sector. Increasing production of vehicles in the country is adding to the development of the market. Moreover, increasing advancement of technology and increasing penetration towards the efficiency of fuel is also developing the growth of the industry. Increasing demand for the replacement of old tires is accelerating the demand in the market. Rising penetration towards the usage of premium technology and the raw material is driving the South Korea Tires Market Share. The improved process of re-manufacturing along with the introduction of rimless tires triggers the potential growth of the market

South Korea Tires Market Synopsis

South Korea Tire market report is a part of the APAC Tire Market and thoroughly covers the market by origin, types, vehicle types, and end-users. South Korea Tire market outlook provides an unbiased and detailed analysis of the ongoing South Korea Tire market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

South Korea tires market has registered high growth in the past few years on account of rising automotive fleet size coupled with the growing production of automotive in the country. Exports have been the primary focus of tire manufacturers in South Korea. Moreover, the decline in the prices of the tires owing to the as competitive pressures amongst tire producers would lead to a further increase in market demand over the coming years.

According to 6Wresearch, the South Korea Tire Market size is projected to grow during 2020-2026. South Korea is the fifth-largest passenger car manufacturer in the world. Also, South Korea has occurred as a major market for automotive tires in Asia-Pacific over the last few years due to substantial industrial growth, the country’s automotive industry has been flourishing at a brisk. The government has declared a reduction in individual consumption tax on car purchases which is expected to further boost tire sales in the country in the coming years.

The South Korea tire market is anticipated to register sound growth in the coming years on the back of the rising adoption of personal vehicles coupled with the rapid growth of the automotive industry in the country which is leading to increased technical aid for advancements in the tire with more friction, improved stability and long life and is expected to augment the demand for premium tire range in the country in the coming timeframe. Additionally, an increase in the number of replacements and maintenance of tires to ensure a smooth driving experience is anticipated to trigger the potential growth of the South Korea tire market in the foreseeable future.

Market Analysis By Vehicle Types

Passenger car tires are the key revenue-generating segment in the overall South Korea tire market, owing to high installations of Passenger car tires in vehicles due to their tear resistance, rolling resistance reduces damage to the casing, and provide grip on all surfaces. Rising vehicle exports, increasing adoption of electric vehicles, and favorable government initiatives are anticipated to drive the market in the upcoming years.

Key Players in the market

Key players in the South Korea Tire Market are: 

  • Hankook
  • Nexen
  • Kumho

COVID-19 Impact on South Korea Tire Market

The outburst of the coronavirus pandemic led to a decline in the South Korea Tire Market Growth on account of the increasing restriction imposed by the government of the country. The partial or complete lockdown imposed by the government of the country has led to disruption in the supply chain and further declined the South Korea Tire Market Share. 

Key Highlights of the Report

  • South Korea Tire Market Overview
  • South Korea Tire Market Outlook
  • South Korea Tire Market Forecast
  • Historical Data of South Korea Tire Market Revenues and Volume, for the Period2016-2019
  • South Korea Tire Market Size and South Korea Tire Market Forecast of Revenues and Volume, Until 2026
  • Historical Data of South Korea Tire Market Revenues and Volume, By Vehicle Types, for the Period 2016-2019
  • Market Size & Forecast of South Korea Tire Market Revenues and Volume, By Vehicle Types, until 2026
  • Historical Data of South Korea Tire Market Revenues and Volume, By Types, for the Period 2016-2019
  • Market Size & Forecast of South Korea Tire Market Revenues and Volume, By Types, until 2026
  • Historical Data of South Korea Tire Market Revenues and Volume, By Origin, for the Period 2016-2019
  • Market Size & Forecast of South Korea Tire Market Revenues and Volume, By Origin, until 2026
  • Historical Data of South Korea Tire Market Revenues and Volume, By End Users, for the Period 2016-2019
  • Market Size & Forecast of South Korea Tire Market Revenues and Volume, By End Users, until 2026
  • Market Drivers and Restraints
  • South Korea Tire Market Trends and Industry Life Cycle
  • South Korea Tire Market Revenue Share, By Regions
  • South Korea Tire Market Revenue Share, By Players
  • South Korea Tire Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

 Markets Covered:

The South Korea Tire Market report provides a detailed analysis of the following market segments:

By Origin:

  • Local Manufacturing
  • Imports

By Types:

  • Radial Tires
  • Bias Tires

By End Users:

  • OEM
  • Replacement

By Vehicle Types:

  • Trucks
  • Light Trucks
  • Two-Wheelers
  • Passenger Cars
Frequently Asked Questions About the Market Study: FAQs

1). Which segment based on vehicle types is the key revenue-generating segment in South Korea Tire Market? 

Passenger car tires are the key revenue-generating segment in the overall South Korea tire market.

2). What is the impact of COVID-19 on the South Korea Tire Market?

The outburst of the coronavirus pandemic led to a decline in the South Korea Tire Market Growth on account of the increasing restriction imposed by the government of the country.

3). Which factor is driving the South Korea Tire Market Growth?

South Korea tires market has registered high growth in the past few years on account of rising automotive fleet size coupled with the growing production of automotive in the country.

4). Who are the key players operating in South Korea Tire Market?

Key players in the South Korea Tire Market are Hankook, Nexen, and Kumho. 

1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. South Korea Tire Market Overview
3.1 Country Indicators
3.2 South Korea Tire Market Revenues and Volume, 2016-2026F
3.3 South Korea Tire Market Revenue Share, By Origin, 2019 & 2026F
3.4 South Korea Tire Market Revenue Share, By Types,2019 & 2026F
3.5 South Korea Tire Market Revenue Share, By End Users, 2019 & 2026F
3.6 South Korea Tire Market Revenue Share, By Vehicle Types, 2019 & 2026F
3.7 South Korea Tire Market - Industry Life Cycle
3.8 South Korea Tire Market - Porter’s Five Forces
4. South Korea Tire Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. South Korea Tire Market Trends
6. South Korea Tire Market Overview, By Vehicle Types
6.1 South Korea Passenger Car Tire Market Revenues and Volume, 2016-2026F
6.2 South Korea Light Trucks Tire Market Revenues and Volume, 2016-2026F
6.3 South Korea Trucks Tire Market Revenues and Volume, 2016-2026F
6.4 South Korea Two-Wheeler Tire Market Revenues and Volume, 2016-2026F
7. South Korea Tire Market Overview, By Types
7.1 South Korea Tire Market Revenue and Volume, By Biased Tire, 2016-2026F 
7.2 South Korea Tire Market Revenue and Volume, By Radial Tire, 2016-2026F 
8. South Korea Tire Market Overview, End Users
8.1 South Korea Tire Market Revenue and Volume, By Replacement, 2016-2026F
8.2 South Korea Tire Market Revenue and Volume, By OEM, 2016-2026F
9. South Korea Tire Market Overview, Origin
9.1 South Korea Tire Market Revenue and Volume, By Local Manufacturing, 2016-2026F
9.2 South Korea Tire Market Revenue and Volume, By Imports, 2016-2026F
10. South Korea Tire Market Key Performance Indicators
11. South Korea Tire Market Opportunity Assessment
11.1 South Korea Tire Market Opportunity Assessment, By Vehicle Types, 2026F
11.2 South Korea Tire Market Opportunity Assessment, By Types 2026F
11.3 South Korea Tire Market Opportunity Assessment, By Origin, 2026F
11.4 South Korea Tire Market Opportunity Assessment, By End Users, 2026F
12. South Korea Tire Market Competitive Landscape
12.1 South Korea Tire Market Revenue Share, By Companies, 2019
12.2 South Korea Tire Market Competitive Benchmarking, By Operating Parameters
13. Company Profiles
14. Key Strategic Recommendations
15. Disclaimer

Denmark Tire Market (2020-2026): Market Forcast By Origin(Local Manufacturing, Imports), By Types(Radial Tires, Bias Tires), By End Users(OEMReplacement), By Vehicle Types(TrucksLight TrucksTwo-WheelersPassenger Cars) and Competitive Landscape

North America Farm Tire Market (2019-2025): Market Forecast By Types (Bias and Radial), By Vehicle Types (Harvester, Tractor, Sprayers, Trailers, Loaders, and others), By Distribution (OEM and Aftermarket), By Countries (the US, Canada and Rest of North America) and Competitive Landscape

Middle East & Africa Farm Tire Market (2019-2025): Market Forecast By Types (Bias and Radial), By Vehicle Types (Harvester, Tractor, Sprayers, Trailers, Loaders, and others), By Distribution (OEM and Aftermarket), By Countries (GCC Region, South Africa, Turkey, Nigeria, and Egypt) and Competitive Landscape

Global Farm Tire Market (2019-2025): Market Forecast By Types (Bias and Radial), By Vehicle Types (Harvester, Tractor, Sprayers, Trailers, Loaders, and others), By Distribution (OEM and Aftermarket), By Regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa), By Key Countries and Competitive Landscape

Europe Farm Tire Market (2019-2025): Market Forecast By Types (Bias and Radial), By Vehicle Types (Harvester, Tractor, Sprayers, Trailers, Loaders, and others), By Distribution (OEM and Aftermarket), By Countries (Germany, France, U.K., Italy and Rest of Europe) and Competitive Landscape

Global Smart Tyre Market (2019-2025): Market Forecast By Technology (Pneumatics Tyres and Non- Pneumatics Tyres), By Vehicle Type (Passenger Cars, Commercial Vehicles, Battery Electronic Vehicles, and Hybrid Electric Vehicles), By Distribution Channels (OEM and Aftermarket), By Regions (North America, Latin America, Europe, Asia Pacific and Rest of World), Key Countries and Competitive Landscape

Southeast Asia Tyre Market (2018-2024): Market Forecast By Tyre Types (Radial and Bias), By End Markets (OEM and Replacement), By Vehicle Types (Passenger Vehicles, Commercial Vehicles and Two and Three Wheeler Vehicles), By Countries (Indonesia, Malaysia, Singapore, Thailand, Philippines, Vietnam, Myanmar, Cambodia and Rest of the Southeast Asia Region) and Competitive Landscape

Philippines Tire Market (2019-2025): Market Forecast By Origin (Local Manufacturing and Imports), By Vehicle Types (Trucks (Radial and Bias), Light Trucks (Radial and Bias), Passenger Cars and Two-Wheelers )) and Competitive Landscape

Southeast Asia Tyre Market (2018-2024): Market Forecast By Tyre Types (Radial and Bias), By End Markets (OEM and Replacement), By Vehicle Types (Passenger Vehicles, Commercial Vehicles and Two and Three Wheeler Vehicles), By Countries (Indonesia, Malaysia, Singapore, Thailand, Philippines, Vietnam, Myanmar, Cambodia and Rest of the Southeast Asia Region) and Competitive Landscape

Indonesia Tire Market (2019-2025): Market Forecast By Origin (Local Manufacturing and Imports), By Types (Radial and Bias), By Vehicle Types (Trucks (Radial and Bias), Light Trucks (Radial and Bias), Passenger Cars and Two-Wheelers)) and Competitive Landscape

India Two-Wheeler Tire Market (2019-2025): Market Forecast By Vehicle Types (Scooter Tire, Underbone/Moped Tire, Motorcycle (Upto 250cc) and Motorcycle (Above 250cc), By Tire Types (Radial Tire (Motorcycle Radial and Scooter Radial), Bias Tire (Motorcycle Bias and Scooter Bias)), By End User Market (OEM and Replacement), By Rim Size (Motorcycle Rim (16 Inch, 17 Inch, 18 Inch, and 19 Inch), Scooter Rim (10 Inch and 12 Inch)), By Regions (Eastern, Western, Northern and Southern) and Competitive Landscape

Netherlands Tire Market (2020-2026): Market Forcast By Origin(Local Manufacturing, Imports), By Types(Radial Tires, Bias Tires), By End Users(OEMReplacement), By Vehicle Types(TrucksLight TrucksTwo-WheelersPassenger Cars) and Competitive Landscape

Hungary Tire Market (2020-2026): Market Forcast By Origin(Local Manufacturing, Imports), By Types(Radial Tires, Bias Tires), By End Users(OEMReplacement), By Vehicle Types(TrucksLight TrucksTwo-WheelersPassenger Cars) and Competitive Landscape

Turkey Tire Market (2020-2026): Market Forcast By Origin(Local Manufacturing, Imports), By Types(Radial Tires, Bias Tires), By End Users(OEMReplacement), By Vehicle Types(TrucksLight TrucksTwo-WheelersPassenger Cars) and Competitive Landscape

 
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