South Korea Tyre Market Forecast and Opportunities, 2020

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South Korea Tyre Market Forecast and
Opportunities, 2020
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Summary
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 countrys 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 governments 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.
W www.bharatbook.com , T  91 22 27810772,
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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 countrys 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 governments 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.
W www.bharatbook.com , T  91 22 27810772,
27810773, E  info_at_bharatbook.com
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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
W www.bharatbook.com , T  91 22 27810772,
27810773, E  info_at_bharatbook.com
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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 buyers specific
needs
W www.bharatbook.com , T  91 22 27810772,
27810773, E  info_at_bharatbook.com
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Table of Contents

1. Research Methodology
2. Analyst View
3. Tyre Market Product Overview
4. South Korea Tyre Market Outlook
5. South Korea Passenger Car Tyre Market Outlook
6. South Korea Commercial Vehicle Tyre Market
   Outlook
7. South Korea Two-Wheeler Tyre Market Outlook
8. South Korea OTR Tyre Market Outlook Forecast
9. South Korea Tyre Market Raw Material Analysis
10. Tyre Trade Analysis

W www.bharatbook.com , T  91 22 27810772,
27810773, E  info_at_bharatbook.com
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To view the full Executive Summary and Table of
Contents, please visit South Korea Tyre
Market Forecast and Opportunities, 2020Contact
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