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Report Description

  • All Reports
  • Home
  • Automotive
  • | January, 2015

South Korea Tyre Market Forecast and Opportunities, 2020

  • Description
  • Table of Content
  • Figures and Tables
  • Related Reports
  • View Sample Report
South Korea has emerged as a major market for automotive tires in Asia-Pacific over the last few years. On account of significant industrial growth, the country’s automotive industry has been flourishing at a rapid pace. This is evident from the fact that South Korea is the fifth largest passenger car manufacturer in the world. As a result, the country has been registering significant growth in tire volume sales over the last five years. The government’s announcement of reduction in individual consumption tax on car purchase is expected to further boost tire sales in the country in the coming years. However, the country lacks in indigenous tire manufacturing units due to scarcity of natural rubber, and hence, depends largely on natural rubber imports from Thailand, Indonesia, Vietnam, Malaysia and the Philippines. 

According to “South Korea Tyre Market Forecast & Opportunities, 2020”, the tire market in South Korea is forecast to reach around US$ 5 billion in 2017. Growing vehicle exports, increasing adoption of electric vehicles and favorable government initiatives are expected to propel the market over the next five years. With a majority share in South Korea’s tire market, the passenger car tire segment is the most dominant tire segment in the country’s tire market. Since major global automobile manufacturers like Hyundai, General Motors, Renault Samsung, Daelim and Doosan have a significant presence in South Korea, the demand for tires from the OEM segment exceeds replacement sales. Northern region comprising Seoul, Incheon, Gyeonggi province and Gangwon province is the largest tire market in South Korea as the region is the political and industrial hub of the country, which makes it an attractive investment destination for leading global players operating in diverse industry segments including automobile and allied industries. “South Korea Tyre Market Forecast & Opportunities, 2020” discusses the following aspects about the tire market in South Korea:
  • South Korea Tire Market Size, Share & Forecast
  • Segmental Analysis – Passenger Car Tires, Commercial Vehicle Tires, Two-Wheeler Tire & OTR Tires
  • Policy and Regulatory Landscape
  • Changing Market Trends & Emerging Opportunities
  • Competitive Landscape and Strategic Recommendations
Why You Should Buy This Report?
  • To gain an in-depth understanding of tire market in South Korea
  • To identify the on-going trends and segment wise anticipated growth in the coming years
  • To help industry consultants, tire companies and other stakeholders align their market-centric strategies
  • To obtain research based business decision and add weight to presentations and marketing material
  • To gain competitive knowledge of leading players
  • To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs
Report Methodology 

The information contained in this report is based on both primary and secondary sources. Primary research included interviews with tire distributors, retailers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.     Research Methodology

2.     Analyst View

3.     Tyre Market & Product Overview

4.     South Korea Tyre Market Outlook

4.1.   Market Size & Forecast

4.1.1. By Value

4.1.2. By Volume

4.2.   Market Share & Forecast

4.2.1. By Vehicle Type

4.2.2. By Company

4.2.3. By Region

5.     South Korea Passenger Car Tyre Market Outlook

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

6.     South Korea Commercial Vehicle Tyre Market Outlook

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

7.     South Korea Two-Wheeler Tyre 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

8.     South Korea OTR Tyre Market Outlook & Forecast

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

9.     South Korea Tyre Market Raw Material Analysis

10.  Tyre Trade Analysis

10.1.Export Analysis

10.2.Import Analysis

11.  Market Dynamics

11.1.Market Drivers

11.2.Market Challenges

12.  Policy & Regulatory Landscape

13.  Market Trends & Developments

13.1.Winter Tyres

13.2.Tyre Pressure Monitoring System

13.3.Growth in Retreaded Tyre Market

14.  South Korea Economic Profile

15.  Competitive Landscape

15.1.Hankook Tire Co.

15.2.KumhoTyre Co. Inc.

15.3.NexenTyre Corporation

15.4.Bridgestone Tire Sales Korea Co., Ltd.

15.5.Michelin Korea Co. Ltd.

15.6.Goodyear Korea Co. Ltd.

15.7.Continental Automotive Korea Ltd.

15.8.Pirelli & C. SpA

15.9.Yokohama Tire Korea Co. Ltd.

16.  Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]
  • List of Figures

     

    Figure 1: South Korea Tyre Market Size, By Value, 2010-2014 (USD Million)

    Figure 2: South Korea Tyre Market Size, By Value, 2015E–2020F (USD Million)

    Figure 3: South Korea Tyre Market Size, By Volume, 2010–2014 (Million Units)

    Figure 4: South Korea Tyre Market Size, By Volume, 2015E–2020F (Million Units)

    Figure 5: South Korea Tyre Market Share, By Vehicle Type, By Volume, 2014

    Figure 6: South Korea Tyre Market Share, By Vehicle Type, By Volume, 2020F

    Figure 7: South Korea Tyre Market Share, By Company, By Volume, 2014

    Figure 8: South Korea Tyre Market Share, By Company, By Volume, 2020F

    Figure 9: South Korea Tyre Market Share, By Region, By Volume, 2014 & 2020F

    Figure 10: South Korea Passenger Car Tyre Market Size, By Value, 2010–2014 (USD Million)

    Figure 11: South Korea Passenger Car Tyre Market Size, By Value, 2015E–2020F (USD Million)

    Figure 12: South Korea Passenger Car Tyre Market Size, By Volume, 2010-2014 (Million Units)

    Figure 13: South Korea Passenger Car Tyre Market Size, By Volume, 2015E–2020F (Million Units)

    Figure 14: South Korea Passenger Car Tyre Market Share, By Vehicle Type, By Volume, 2014

    Figure 15: South Korea Passenger Car Tyre Market Share, By Vehicle Type, By Volume, 2020F

    Figure 16: South Korea Commercial Vehicle Tyre Market Size, By Value, 2010–2014 (USD Million)

    Figure 17: South Korea Commercial Vehicle Tyre Market Size, By Value, 2015E-2020F (USD Million)

    Figure 18: South Korea Commercial Vehicle Tyre Market Size, By Volume, 2010–2014 (Million Units)

    Figure 19: South Korea Commercial Vehicle Tyre Market Size, By Volume, 2015E–2020F (Million Units)

    Figure 20: South Korea Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2014

    Figure 21: South Korea Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2020F

    Figure 22: South Korea Two-Wheeler Tyre Market Size, By Value, 2010–2014 (USD Million)

    Figure 23: South Korea Two-Wheeler Tyre Market Size, By Value, 2015E–2020F (USD Million)

    Figure 24: South Korea Two-Wheeler Tyre Market Size, By Volume, 2010–2014 (Million Units)

    Figure 25: South Korea Two-Wheeler Tyre Market Size, By Volume, 2015E–2020F (Million Units)

    Figure 26: South Korea Two-Wheeler Tyre Market Share, By Vehicle Type, By Volume, 2014

    Figure 27: South Korea Two-Wheeler Tyre Market Share, By Vehicle Type, By Volume, 2020F

    Figure 28: South Korea OTR Tyre Market Size, By Value, 2010–2014 (USD Million)

    Figure 29: South Korea OTR Tyre Market Size, By Value, 2015E–2020F (USD Million)

    Figure 30: South Korea OTR Tyre Market Size, By Volume, 2010-2014 (Million Units)

    Figure 31: South Korea OTR Tyre Market Size, By Volume, 2015E-2020F (Million Units)

    Figure 32: South Korea OTR Tyre Market Share, By Vehicle Type, By Volume, 2014

    Figure 33: South Korea OTR Tyre Market Share, By Vehicle Type, By Volume, 2020F

    Figure 34: South Korea Tyre Exports, By Value (USD Million)

    Figure 35: South Korea Tyre Exports, By Volume (Million Units)

    Figure 36: South Korea Tyre Imports, By Value (USD Million)

    Figure 37: South Korea Tyre Imports, By Volume (Million Units)

     

    List of Tables

     

    Table 1: South Korea OEM Vs. Replacement WASP of Automotive Tyre, By Segment, 2014 & 2020F (USD)

    Table 2: South Korea Natural Rubber Imports and Exports, By Value (USD Million)

    Table 3: South Korea Natural Rubber Imports and Exports, By Volume (Million Kg)

    Table 4: South Korea Synthetic Rubber Imports and Exports, By Value (USD Million)

    Table 5: South Korea Synthetic Rubber Imports and Exports, By Volume (Million Kg)

    Table 6: South Korea Major Tyre Raw Material Producers & Consolidated Production in Value Terms, 2012 (USD Million)

  • Driveline Market for Electric & Hybrid Vehicle – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Architecture (Series, Parallel, Power split), By Transmission (Automatic Transmission (AT), Dual Clutch Transmission (DCT), Electronic Continuously Variable Transmission (E-CVT)), By Motor Output (45-100 kW, 101-250 kW, and250kW), By Vehicle Type (Hybrid Vehicles, Plug-In Electric Hybrid, Battery Electric Vehicle), By Region, By Competition 2018-2028
  • Three-Wheeler Tire Market – Global Industry Size, Share, Trends Opportunity, and Forecast 2018-2028. Segmented By Drive Type (ICE and Electric), By Demand Category (OEM, Replacement), By Application (Passenger and Cargo) By Region and By Competition
  • Two Wheeler Shared Mobility Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Propulsion Type (ICE, Electric), By Mobility Type (Ride Sharing, Vehicle Leasing, Private), By Region, By Competition.
  • Passenger Cars Shared Mobility Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Propulsion Type (ICE, Electric), By Mobility Type (Ride Sharing, Vehicle Leasing, Private), By Region, By Competition.
  • Passenger Car Automatic Transmission Market – Global Industry Size, Share, Trends Opportunity, and Forecast 2018-2028. Segmented By Vehicle Type (SUV, Sedan, Hatchback, MUV), By Fuel Type (Gasoline, Diesel, and Hybrid), by Type (Automatic Transmission/Torque Converter, Automated Manual Transmission, Continuously Variable Transmission, and Dual Clutch Transmission) By Region and By Competition
  • Passenger Car Green Tire Market – Global Industry Size, Share, Trends Opportunity, and Forecast 2018-2028. Segmented By Vehicle Type (SUV, Sedan, Hatchback, MUV), By Application (On-road and off-road), By Demand Category (OEM, Replacement), By Region and By Competition
  • Passenger Car Valves Market – Global Industry Size, Share, Trends Opportunity, and Forecast 2018-2028. Segmented By Vehicle Type (SUV, Sedan, Hatchback, MUV), By Application Type (Engine Valves, Air Conditioning Valves, Fuel System Valves, EGR Valves, and Others), By Function Type (Pneumatic, Hydraulic, and Electric) By Region and By Competition
  • Passenger Car Transmission Market – Global Industry Size, Share, Trends Opportunity, and Forecast 2018-2028. Segmented By Vehicle Type (Passenger Cars, LCV, M&HCV), By Fuel Type (Gasoline, Diesel, and Hybrid), By Transmission Type (Manual, Automatic) By Region and By Competition
  • Commercial Vehicle Engine Valves Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Vehicle Type (LCV, M&HCV), By Technology (Tappet Valves, Spring Return Valves, Desmodromic Valves, Quattrovalvole Valves), By Fuel Type (Gasoline and Diesel) By Region and By Competition 2018-2028
  • Passenger Car Engine Valves Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Vehicle Type (SUV, Sedan, Hatchback, MUV), By Technology (Tappet Valves, Spring Return Valves, Desmodromic Valves, Quattrovalvole Valves), By Fuel Type (Gasoline and Diesel) By Region and By Competition 2018-2028

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Press Release

South Korea Tyre Market to Cross US$5 Billion in 2017

Dec, 2015

Growing vehicle exports, rising adoption of electric vehicles and government tax exemptions on automobiles to drive tyre sales in South Korea through 2020


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