South Korea Tyre Market Forecast and Opportunities, 2020

  • January 2015
  • -
  • TechSci Research
  • -
  • 109 pages

South Korea has emerged as a major market for automotive tyres 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 tyre 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 tyre sales in the country in the coming years. However, the country lacks in indigenous tyre 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 tyre 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 tyre market, the passenger car tyre segment is the most dominant tyre segment in the country’s tyre 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 tyres from the OEM segment exceeds replacement sales. Northern region comprising Seoul, Incheon, Gyeonggi province and Gangwon province is the largest tyre 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 tyre market in South Korea:

- South Korea Tyre Market Size, Share & Forecast
- Segmental Analysis – Passenger Car Tyres, Commercial Vehicle Tyres, Two-Wheeler Tyre & OTR Tyres
- 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 tyre market in South Korea
- To identify the on-going trends and segment wise anticipated growth in the coming years
- To help industry consultants, tyre 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 tyre distributors, retailers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Table Of Contents

1. Research Methodology
2. Analyst View
3. Tyre Market and Product Overview
4. South Korea Tyre Market Outlook
4.1. Market Size and Forecast
4.1.1. By Value
4.1.2. By Volume
4.2. Market Share and 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 and Forecast
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share and Forecast
5.2.1. By Vehicle Type
6. South Korea Commercial Vehicle Tyre Market Outlook
6.1. Market Size and Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share and Forecast
6.2.1. By Vehicle Type
7. South Korea Two-Wheeler Tyre Market Outlook
7.1. Market Size and Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share and Forecast
7.2.1. By Vehicle Type
8. South Korea OTR Tyre Market Outlook and Forecast
8.1. Market Size and Forecast
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share and 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 and Regulatory Landscape
13. Market Trends and 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 and C. SpA
15.9. Yokohama Tire Korea Co. Ltd.
16. Strategic Recommendations

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 and 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 and 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 and Consolidated Production in Value Terms, 2012 (USD Million)

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