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EXECUTIVE SUMMARY

The report titled “South Korea Tire Industry Outlook to 2017 – Export Dominance to Drive Future Growth” provides a comprehensive analysis of the various aspects such as market size of the South Korea tire industry and several operating segments in the South Korea tire market. The report also covers the market shares of major players in South Korea.

Tire market in South Korea, which is hugely driven by the sales of passenger cars, registered revenues of USD ~ million in 2012. With the advent of new varieties of tires and owing to A strong financial performance by several tire majors in the industry, the revenues increased by 42.7% compared to 2011 where the total revenues were USD ~ million. South Korea has been the fastest growing tire market in Asia, primarily influenced by a gamut of different factors such as automobile production, prices of natural rubber and crude oil, disposable incomes and others. South Korea was the fourth largest manufacturer of tires in terms of revenue, having recorded sales of USD ~ million in 2012. The South Korea tire industry has grown at a CAGR of 22.9% from USD ~ million in 2008 to USD ~ million in 2012.

The tire market in South Korea represents an oligopoly, with the presence of three major tire manufacturers that specialize in designing and producing tires for a range of vehicles. Tire industry in South Korea was led by Hankook, which registered revenues of USD ~ million in 2012. Kumho and Nexen were the second and third largest tire manufacturers in 2012 respectively.

Historically, exports have been the primary focus of tire enterprises in South Korea. Along with their presence in the domestic market, tire manufacturers in South Korea also hold a share of the markets in foreign countries including China. Total exports of tires from South Korea were valued at USD ~ million in 2012. Compared to exports, imports represent a minor portion of the overall consumption of tires in South Korea.

A major development in the tire space has been the inception of tire labeling by the European Union. With the introduction of strict manufacturing standards, numerous companies have had to incorporate radical changes in their tire production so as to conform to the strict prerequisites for tire exports to Europe.
The market for tires in South Korea is growing at a brisk rate. Technological advancements and demand of tires across a wide array of vehicles as well as competitive pressures amongst tire producers have been significantly changing the market. Revenues from the tire industry in South Korea are expected to expand to USD ~ million in 2017, growing with a CAGR of ~% from 2012 to 2017.
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KEY TOPICS COVERED IN THE REPORT

- The market size of the South Korea tire industry.
- Market segmentation of the South Korea tire industry on the basis of replacement, OEM and exports and passenger and commercial vehicles.
- Trends and Development in the South Korea tire industry.
- Competitive landscape and detailed company profiles of the major manufacturers of South Korea.
- Future outlook and projections of the South Korea tire industry on the basis of revenues.

Table Of Contents

South Korea Tire Industry Outlook to 2017 - Export Dominance to Drive Future Growth
TABLE OF CONTENTS

1. Asia Tire Industry Introduction
1.1. Asia Tire Industry Market Size, 2008-2012
1.2. Asia Tire Industry Market Segmentation by Geography, 2008-2012
2. South Korea Tire Industry Introduction
2.1. South Korea Tire Industry Market Size By Revenue and Production, 2006-2012
2.2. South Korea Tire Market Segmentation
2.2.1. By Export, Replacement and OEM, 2010-2012
2.2.2. By Passenger and Commercial Vehicles, 2006-2012
2.3. South Korea Tire Exports By Value, 2006-2012
2.4. South Korea Tire Imports By Value, 2006-2010
2.5. Market Shares of Major Players in the South Korea Tire Industry, 2006-2012
2.6. South Korea Tire Industry Trends and Developments
Tire Labeling
Environment Friendly Tires
Tire Pressure Monitor System
2.7. South Korea Tire Industry Future Outlook and Projections
2.8. Company Profiles
2.8.1. Hankook
2.8.1.1. Business Overview
2.8.1.2. Financial Performance
2.8.1.3. Business Strategies
Focus on Research and Development
Marketing Innovation Strategy
Focus on Customer Service
Focus on Relatoinships With Global OEMs
2.8.2. Kumho
2.8.2.1. Business Overview
2.8.2.2. Financial Performance
2.8.2.3. Business Strategies
Sports Marketing Strategy
Focus on Customers
Expansion Strategy
2.8.3. Nexen
2.8.3.1. Business Overview
2.8.3.2. Financial Performance
2.8.3.3. Business Strategies
Sponsorship Strategy
Focus on Capacity Expansion
Focus on Expanding OE Business
2.9. Macroeconomic Factors
2.9.1. Passenger Car and Commercial Vehicle Production in South korea, 2006-2017
2.9.2. Population in South Korea, 2006-2017
2.9.3. Personal Disposable Incomes In South Korea, 2006-2017
2.9.4. South Korea Natural Rubber Imports, 2006-2017
3. Appendix
3.1. Market Definitions
3.2. Abbreviations
3.3. Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent)
Final Conclusion
3.4. Disclaimer



LIST OF FIGURES

Figure 1: Asia Tire Industry Market Size on the Basis of Revenue in USD Million, 2008-2012
Figure 2: Asia Tire Market Segmentation on the Basis of Revenues from Different Countries in USD Million in Percentage, 2008-2012
Figure 3: South Korea Tire Industry Market Size on the Basis of Revenue in USD Million and Production in Million Units, 2006-2012
Figure 4: South Korea Tire Market Segmentation on the Basis of Sales to OEM, Replacement and Exports in Million Units in Percentage, 2010-2012
Figure 5: South Korea Tire Market Segmentation on the Basis of Tire Sales in Passenger Cars and Commercial Vehicles in Million Units in Percentage, 2006-2012
Figure 6: South Korea Tire Exports on the Basis of Value in USD Million, 2006-2012
Figure 7: South Korea Tire Imports on the Basis of Value in USD Million, 2006-2012
Figure 8: Market Shares of Major Players in the South Korea Tire Industry on the Basis of Revenues in USD Million in Percentage, 2006-2012
Figure 9: Hankook's Revenues from Tire Sales in South Korea in USD Million, 2006-2012
Figure 10: Kumho's Revenues from Tire Sales in South Korea in USD Million, 2006-2012
Figure 11: Nexen's Revenues from Tire Sales in South Korea in USD Million, 2006-2012
Figure 12: Passenger Car and Commercial Vehicle Production in South Korea, 2006-2017
Figure 13: Population in South Korea in Million, 2006-2017
Figure 14: Personal Disposable Incomes per Household in South Korea in USD, 2006-2017
Figure 15: South Korea Natural Rubber Imports in USD Million, 2006-2017



LIST OF TABLES

Table 1: South Korea Tire Market Segmentation on the Basis of Sales in Million Units, 2010-2012
Table 2: South Korea Tire Market Segmentation on the Basis of Tire Sales of Passenger Cars and Commercial Vehicles in Million Units, 2006-2012
Table 3: Revenues of Major Players in the South Korea Tire Industry in USD Million, 2006-2012
Table 4: South Korea Tire Industry Future Projections on the Basis of Revenue in USD Million, 2013-2017
Table 5: Tire Brands Offered by Hankook in Various Vehicle Categories
Table 6: Tire Brands Offered by Kumho in Various Vehicle Categories
Table 7: Tire Brands Offered by Nexen in Various Vehicle Categories
Table 8: Correlation Matrix of the South Korea Tire Industry
Table 9: Regression Coefficients Output



COMPANIES MENTIONED

Hankook, Kumho Tires, Nexen

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