South Korea Airless Tires Market Growth, Size, Share, Trends, Revenue and Future Competition 2033
South Korea Airless Tires Market Size- By Type, By Material, By Vehicle Type, By Sales Channel, By Rim Size, By Tire Size- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2023 | Report ID: AMIN2378 | Pages: 1 - 103 | Formats*: |
| Category : Automotive & Transportation | |||
South Korea Airless Tires Market Overview
According to SPER Market Research, The South Korea Airless Tires Market is estimated to reach USD 0.002 billion by 2033 with a CAGR 5.78%.
Airless tires operate without the need for air pressure and are therefore free of flat tires. Moreover, both manufacturers and users are working towards developing environmentally-friendly tires using recycled materials, as airless tires have a longer lifespan in comparison to conventional tires. Some of the key advantages of airless tires include increased durability, puncture resistance, and suitability for use in more demanding activities, among other benefits.
Exploring the Growth Drivers of the South Korea Airless Tires Market Industry
The South Korea airless tires market is being propelled by various factors, including the growing demand among consumers for high-performance and dependable automobiles. This surge in demand for low-maintenance, long-lasting tires is driving vehicle production. Additionally, the rise in demand for airless tires is due to their numerous features, such as puncture-proof, high durability, and suitability for use in demanding activities, among other benefits. These tires prevent blowouts, flat tires, and other issues while also ensuring passenger safety. Government and regulatory organizations in South Korea are also taking initiatives to develop and propose regulations and programs for tire labelling, which further influences the market. The labelling of tires leads to an enhancement in vehicle efficiency and a reduction in the adverse effects of conventional tires on the environment.
What challenges does the South Korea Airless Tires Market face?
While there are several factors driving the growth of the South Korea airless tires market, there are also potential obstacles that could hinder its progress. For instance, the surge in raw material prices and the availability of less reliable options are expected to impede market growth. In addition, there is not much awareness and also limited adoption are likely be the more challenging to the South Korea airless tires market during the forecasted period. It also analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth, market size, category market growth, application niches and dominance, product approvals, product launches, geographic expansions, and technological innovations in the market.
In what ways has the COVID-19 pandemic affected South Korea Airless Tires Market?
The South Korea airless tires market suffered a setback due to the COVID-19 pandemic, as strict lockdowns and social distancing measures were put in place to contain the spread of the virus. The resulting economic uncertainty, partial shutdown of businesses, and low consumer confidence all affected the demand for automotive parts and components. Additionally, the supply chain was disrupted during the pandemic, causing delays in logistics activities. However, South Korea airless tires market is expected to recover in the post-pandemic scenario as restrictions are eased and the number of heavy commercial vehicles increases.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Material, By Vehicle Type, By Sales Channels, By Rim Size, By Tire Size |
| Regions covered | Gangwon, Gyeonggi, North Chungcheong, North Gyeongsang, North Jeolla, South Chungcheong, South Gyeongsang, South Jeolla, Seoul |
| Companies Covered | Continental AG, Hankook Tire Co., Ltd., Kumho Tire Co., Inc.., Michelin Group, Nexen Tire Corporation, Sumitomo Rubber Industries, Ltd., Others |
Key Target Audience:
- Logistics Companies
- Research and Development Institutions
- Individuals
- Others
South Korea Airless Tires Market Segmentation:
1. By Type:
- South Korea Airless Tires Market Value Share and Forecast, By Type, 2023-2033
- Bias Tires
- Radial Tires
2. By Material:
- South Korea Airless Tires Market Value Share and Forecast, By Material, 2023-2033
- Plastic
- Rubber
3. By Vehicle Type:
- South Korea Airless Tires Market Value Share and Forecast, By Vehicle Type, 2023-2033
- HCV
- LCV
- Military Vehicle
- Motorcycles
- Passenger and Commercial Vehicles
- Terrain vehicles
- Trucks & Buses
4. By Sales Channel:
- South Korea Airless Tires Market Value Share and Forecast, By Sales Channels, 2023-2033
- Aftermarket
- OEM
5. By Region:
- Gangwon
- Gyeonggi
- North Chungcheong
- North Gyeongsang
- North Jeolla
- South Chungcheong
- South Gyeongsang
- South Jeolla
Key Topics Covered in the Report:
- South Korea Airless Tires Market Size (FY’2023-FY’2033)
- Overview of South Korea Airless Tires Market
- Segmentation of South Korea Airless Tires Market By Type (Radial Tyres, Bias Tyres)
- Segmentation of South Korea Airless Tires Market By Material (Rubber, Plastic)
- Segmentation of South Korea Airless Tires Market By Vehicle Type (Military Vehicle, Passenger and Commercial Vehicles, Utility Vehicles, Two Wheelers, Trucks and Buses, LCV, HCV, Terrain Vehicles, Motorcycles, Others)
- Segmentation of South Korea Airless Tires Market By Sales Channels (Aftermarket, OEM)
- Segmentation of South Korea Airless Tires Market By Rim Size (Less than 15 Inches, 15-20 Inches, More than 20 Inches)
- Segmentation of South Korea Airless Tires Market By Tire Size (⁢ 20 Inches, 21-25 Inches, 26-30 Inches, 31-35 Inches, and > Inches)
- Statistical Snap of South Korea Airless Tires Market
- Growth Analysis of South Korea Airless Tires Market
- Problems and Challenges in South Korea Airless Tires Market
- Competitive Landscape in the South Korea Airless Tires Market
- Impact of COVID-19 and Demonetization on South Korea Airless Tires Market
- Details on Recent Investment in South Korea Airless Tires Market
- Competitive Analysis of South Korea Airless Tires Market
- Key Players in the South Korea Airless Tires Market
- SWOT Analysis of South Korea Airless Tires Market
- South Korea Airless Tires Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the South Korea Airless Tires Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South Korea Airless Tires Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Korea Airless Tires Market
7. South Korea Airless Tires Market By Type (USD Million)
7.1. South Korea Airless Tires Market Value Share and Forecast, By Type, 2023-20337.2. Bias Tires7.3. Radial Tires
8. South Korea Airless Tires Market, By Material (USD Million)
8.1. South Korea Airless Tires Market Value Share and Forecast, By Material, 2023-20338.2. Plastic8.3. Rubber
9. South Korea Airless Tyres Market, By Vehicle Type (USD Million)
9.1. South Korea Airless Tires Market Value Share and Forecast, By Vehicle Type, 2023-20339.2. HCV9.3. LCV9.4. Military Vehicle9.5. Motorcycles9.6. Passenger and Commercial Vehicles9.7. Terrain vehicles9.8. Trucks & Buses9.9. Two Wheelers9.10. Utility Vehicles9.11. Others
10. South Korea Airless Tires Market, By Sales Channel (USD Million)
10.1. South Korea Airless Tires Market Value Share and Forecast, By Sales Channels, 2023-203310.2. Aftermarket10.3. OEM
11. South Korea Airless Tires Market, By Rim Size (USD Million)
11.1. South Korea Airless Tires Market Value Share and Forecast, By Rim Size, 2023-203311.2. Less than 15 inches11.3. 15-20 inches11.4. More than 20 inches
12. South Korea Airless Tires Market, By Tire Size (USD Million)
12.1. South Korea Airless Tires Market Value Share and Forecast, By Tire Size, 2023-203312.2. ⁢ 20 Inches12.3. 21-25 Inches12.4. 26-30 Inches12.5. 31-35 Inches12.6. > 35 Inches
13. South Korea Airless Tires Market Forecast, 2019-2033 (USD Million)
13.1. South Korea Airless Tires Market Size and Market Share
14. South Korea Airless Tires Market, By Type, 2019-2033 (USD Million)
14.1. South Korea Airless Tires Market Size and Market Share by Type (2019-2026)14.2. South Korea Airless Tires Market Size and Market Share by Type (2027-2033)
15. South Korea Airless Tires Market, By Material, 2019-2033 (USD Million)
15.1. South Korea Airless Tires Market Size and Market Share by Material (2019-2026)15.2. South Korea Airless Tires Market Size and Market Share by Material (2027-2033)
16. South Korea Airless Tires Market, By Vehicle Type, 2019-2033 (USD Million)
16.1. South Korea Airless Tires Market Size and Market Share by Vehicle Type (2019-2026)16.2. South Korea Airless Tires Market Size and Market Share by Vehicle Type (2027-2033)
17. South Korea Airless Tires Market, By Sales Channels, 2019-2033 (USD Million)
17.1. South Korea Airless Tires Market Size and Market Share by Sales Channels (2019-2026)17.2. South Korea Airless Tires Market Size and Market Share by Sales Channels (2027-2033)
18. South Korea Airless Tires Market, By Rim Size, 2019-2033 (USD Million)
18.1. South Korea Airless Tires Market Size and Market Share by Rim Size (2019-2026)18.2. South Korea Airless Tires Market Size and Market Share by Rim Size (2027-2033)
19. South Korea Airless Tires Market, By Tire Size, 2019-2033 (USD Million)
19.1. South Korea Airless Tires Market Size and Market Share by Tire Size (2019-2026)19.2. South Korea Airless Tires Market Size and Market Share by Tire Size (2027-2033)
20. South Korea Airless Tires Market, By Region, 2019-2033 (USD Million)
20.1. South Korea Airless Tires Market Size and Market Share by Region (2019-2026)20.2. South Korea Airless Tires Market Size and Market Share by Region (2027-2033)20.3. Gangwon20.4. Gyeonggi20.5. North Chungcheong20.6. North Gyeongsang20.7. North Jeolla20.8. South Chungcheong20.9. South Gyeongsang20.10. South Jeolla
21. Company Profile
21.1. Bridgestone Corporation21.1.1. Company details21.1.2. Financial outlook21.1.3. Product summary21.1.4. Recent developments21.2. Continental AG21.2.1. Company details21.2.2. Financial outlook21.2.3. Product summary21.2.4. Recent developments21.3. Hankook Tire Co., Ltd.21.3.1. Company details21.3.2. Financial outlook21.3.3. Product summary21.3.4. Recent developments21.4. Kumho Tire Co., Inc..21.4.1. Company details21.4.2. Financial outlook21.4.3. Product summary21.4.4. Recent developments21.5. Michelin Group21.5.1. Company details21.5.2. Financial outlook21.5.3. Product summary21.5.4. Recent developments21.6. Nexen Tire Corporation21.6.1. Company details21.6.2. Financial outlook21.6.3. Product summary21.6.4. Recent developments21.7. Sumitomo Rubber Industries, Ltd.21.7.1. Company details21.7.2. Financial outlook21.7.3. Product summary21.7.4. Recent developments21.8. Others
22. List of Abbreviations
23. Reference Links
24. Conclusion
25. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
South Korea Airless Tires Market grew in market size from 2023. The Market is expected to reach USD 0.002 billion by 2033, at a CAGR of 5.78% during the forecast period.
South Korea Airless Tires Market CAGR of 5.78% during the forecast period.
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South Korea Airless Tires Market size is USD 0.002 billion from 2023 to 2033.
South Korea Airless Tires Market Segment is Covered By Type, By Material, By Vehicle Type, By Sales Channels, By Rim Size, By Tire Size
The Asia-Pacific region is anticipated to have the highest market share in South Korea Airless Tires Market.
The key players in the market include Companies Covered Continental AG, Hankook Tire Co., Ltd., Kumho Tire Co., Inc.., Michelin Group, Nexen Tire Corporation, Sumitomo Rubber Industries, Ltd., Others
The South Korea airless tires market is being propelled by various factors, including the growing demand among consumers for high-performance and dependable automobiles.
South Korea Airless Tires Market is projected to reach USD 0.002 billion by 2033, growing at a CAGR of 5.78% during the forecast period.
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