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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the South Korea Airless Tires Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South Korea Airless Tires Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Bias Tires
7.3. 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, 2023-2033
8.2. Plastic
8.3. 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, 2023-2033
9.2. HCV
9.3. LCV
9.4. Military Vehicle
9.5. Motorcycles
9.6. Passenger and Commercial Vehicles
9.7. Terrain vehicles
9.8. Trucks & Buses
9.9. Two Wheelers
9.10. Utility Vehicles
9.11. 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, 2023-2033
10.2. Aftermarket
10.3. 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, 2023-2033
11.2. Less than 15 inches
11.3. 15-20 inches
11.4. 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, 2023-2033
12.2. ⁢ 20 Inches
12.3. 21-25 Inches
12.4. 26-30 Inches
12.5. 31-35 Inches
12.6. > 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. Gangwon
20.4. Gyeonggi
20.5. North Chungcheong
20.6. North Gyeongsang
20.7. North Jeolla
20.8. South Chungcheong
20.9. South Gyeongsang
20.10. South Jeolla
21. Company Profile
21.1. Bridgestone Corporation
21.1.1. Company details
21.1.2. Financial outlook
21.1.3. Product summary
21.1.4. Recent developments
21.2. Continental AG
21.2.1. Company details
21.2.2. Financial outlook
21.2.3. Product summary
21.2.4. Recent developments
21.3. Hankook Tire Co., Ltd.
21.3.1. Company details
21.3.2. Financial outlook
21.3.3. Product summary
21.3.4. Recent developments
21.4. Kumho Tire Co., Inc..
21.4.1. Company details
21.4.2. Financial outlook
21.4.3. Product summary
21.4.4. Recent developments
21.5. Michelin Group
21.5.1. Company details
21.5.2. Financial outlook
21.5.3. Product summary
21.5.4. Recent developments
21.6. Nexen Tire Corporation
21.6.1. Company details
21.6.2. Financial outlook
21.6.3. Product summary
21.6.4. Recent developments
21.7. Sumitomo Rubber Industries, Ltd.
21.7.1. Company details
21.7.2. Financial outlook
21.7.3. Product summary
21.7.4. Recent developments
21.8. Others
22. List of Abbreviations
23. Reference Links
24. Conclusion
25. Research Scope