Demand for low rolling resistance tire in Korea is expected to be worth USD 1,540.40 million in 2023, up from USD 1,408.40 million in 2022. The use of low rolling resistance tires in Korea is expected to maintain a favorable growth trajectory throughout the forecast period, with a CAGR of 8.70%. By 2033, the sales of low rolling resistance tires in Korea are anticipated to reach a valuation of USD 3,547.55 million.
Key Insights from Low Rolling Resistance Tire Industry in Korea
| Attributes | Details |
|---|---|
| Industry size for Korea in 2023 | USD 1,540.40 million |
| Expected Industry Size for Korea by 2033 | USD 3,547.55 million |
| Forecasted CAGR between 2023 to 2033 | 8.70% |
Low rolling resistance tire is predominantly used in heavy consumer vehicle (HCV) in Korea. For 2023, the industry share by vehicle for HCV in Korea is estimated to be 50.7%. Production of HCV is increasing in Korea, in line with increased vehicle production. With HCVs heavily using low rolling resistance tire, the demand for the tire is rising.
| Demand for Low Rolling Resistance Tire in Korea Based on Vehicle Type | HCV |
|---|---|
| Industry Share in 2023 | 50.7% |
Dual width low rolling resistance tires are the prominent product in Korea. In 2023, dual-width tires are expected to hold 82.7% of the industry share. Given that dual width tires are heavily used in HCVs, and considering the fast pace at which HCVs are adopting low rolling resistance tires, it is clear that dual width tires are the preferred choice.
| Demand for Low Rolling Resistance Tire in Korea Based on Width Type | Dual |
|---|---|
| Industry Share in 2023 | 82.7% |
Players in Korea are looking to expand beyond the borders of the country. To facilitate this, they are actively seeking partnerships and collaborations. Innovation is considered a crucial factor by industry players. Through innovation, Korea-based companies are focused on enhancing product efficiency and introducing new features.
Recent Developments Observed in Low Rolling Resistance Tire in Korea
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | USD 1,540.40 million |
| Projected Industry Size by 2033 | USD 3,547.55 million |
| Anticipated CAGR between 2023 to 2033 | 8.70% CAGR |
| Historical Analysis of Demand for Low Rolling Resistance Tire in Korea | 2018 to 2022 |
| Demand Forecast for Low Rolling Resistance Tire in Korea | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Key Insights for Low Rolling Resistance Tire in Korea, Insights on Global Players and Leading Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers |
| Key Companies Profiled | Bridgestone Corporation; The Goodyear Tire & Rubber Company; Sumitomo Rubber Industries Ltd.; Pirelli & C S.p.A; Hankook Tire; MICHELIN; Continental AG; Trelleborg AB; The Yokohama Rubber Co. Ltd; Apollo Tyres Ltd.; Maxxis International (Cheng Shin Rubber); Marangoni S.p.A; MRF Tyres |
| Key Provinces Analyzed | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
The industry size of low rolling resistance tire in Korea is USD 1,540.40 million in Korea as of 2023.
Low rolling resistance tire is forecasted to develop at a rate of 8.70% in Korea through 2033.
The industry size for low rolling resistance tire is forecasted to reach USD 3,547.55 million in Korea by 2033.
Dual width low rolling resistance tire is highly preferred in Korea.
HCVs are the primary users of low rolling resistance tires in Korea.
Table 1: Korea Industry Analysis and Outlook Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Korea Industry Analysis and Outlook Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Korea Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 4: Korea Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2018 to 2033
Table 5: Korea Industry Analysis and Outlook Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033
Table 6: Korea Industry Analysis and Outlook Volume (Units) Forecast by Vehicle Type, 2018 to 2033
Table 7: Korea Industry Analysis and Outlook Value (US$ Million) Forecast by Width Type, 2018 to 2033
Table 8: Korea Industry Analysis and Outlook Volume (Units) Forecast by Width Type, 2018 to 2033
Table 9: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 10: South Gyeongsang Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2018 to 2033
Table 11: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033
Table 12: South Gyeongsang Industry Analysis and Outlook Volume (Units) Forecast by Vehicle Type, 2018 to 2033
Table 13: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by Width Type, 2018 to 2033
Table 14: South Gyeongsang Industry Analysis and Outlook Volume (Units) Forecast by Width Type, 2018 to 2033
Table 15: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 16: North Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2018 to 2033
Table 17: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033
Table 18: North Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Vehicle Type, 2018 to 2033
Table 19: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Width Type, 2018 to 2033
Table 20: North Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Width Type, 2018 to 2033
Table 21: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 22: South Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2018 to 2033
Table 23: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033
Table 24: South Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Vehicle Type, 2018 to 2033
Table 25: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Width Type, 2018 to 2033
Table 26: South Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Width Type, 2018 to 2033
Table 27: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 28: Jeju Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2018 to 2033
Table 29: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033
Table 30: Jeju Industry Analysis and Outlook Volume (Units) Forecast by Vehicle Type, 2018 to 2033
Table 31: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by Width Type, 2018 to 2033
Table 32: Jeju Industry Analysis and Outlook Volume (Units) Forecast by Width Type, 2018 to 2033
Table 33: Rest of Korea Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 34: Rest of Korea Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2018 to 2033
Table 35: Rest of Korea Industry Analysis and Outlook Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033
Table 36: Rest of Korea Industry Analysis and Outlook Volume (Units) Forecast by Vehicle Type, 2018 to 2033
Table 37: Rest of Korea Industry Analysis and Outlook Value (US$ Million) Forecast by Width Type, 2018 to 2033
Table 38: Rest of Korea Industry Analysis and Outlook Volume (Units) Forecast by Width Type, 2018 to 2033
Figure 1: Korea Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 2: Korea Industry Analysis and Outlook Value (US$ Million) by Vehicle Type, 2023 to 2033
Figure 3: Korea Industry Analysis and Outlook Value (US$ Million) by Width Type, 2023 to 2033
Figure 4: Korea Industry Analysis and Outlook Value (US$ Million) by Region, 2023 to 2033
Figure 5: Korea Industry Analysis and Outlook Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Korea Industry Analysis and Outlook Volume (Units) Analysis by Region, 2018 to 2033
Figure 7: Korea Industry Analysis and Outlook Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Korea Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Korea Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 10: Korea Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2018 to 2033
Figure 11: Korea Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 12: Korea Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 13: Korea Industry Analysis and Outlook Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033
Figure 14: Korea Industry Analysis and Outlook Volume (Units) Analysis by Vehicle Type, 2018 to 2033
Figure 15: Korea Industry Analysis and Outlook Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033
Figure 16: Korea Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033
Figure 17: Korea Industry Analysis and Outlook Value (US$ Million) Analysis by Width Type, 2018 to 2033
Figure 18: Korea Industry Analysis and Outlook Volume (Units) Analysis by Width Type, 2018 to 2033
Figure 19: Korea Industry Analysis and Outlook Value Share (%) and BPS Analysis by Width Type, 2023 to 2033
Figure 20: Korea Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Width Type, 2023 to 2033
Figure 21: Korea Industry Analysis and Outlook Attractiveness by Sales Channel, 2023 to 2033
Figure 22: Korea Industry Analysis and Outlook Attractiveness by Vehicle Type, 2023 to 2033
Figure 23: Korea Industry Analysis and Outlook Attractiveness by Width Type, 2023 to 2033
Figure 24: Korea Industry Analysis and Outlook Attractiveness by Region, 2023 to 2033
Figure 25: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 26: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by Vehicle Type, 2023 to 2033
Figure 27: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by Width Type, 2023 to 2033
Figure 28: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 29: South Gyeongsang Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2018 to 2033
Figure 30: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 31: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 32: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033
Figure 33: South Gyeongsang Industry Analysis and Outlook Volume (Units) Analysis by Vehicle Type, 2018 to 2033
Figure 34: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033
Figure 35: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033
Figure 36: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by Width Type, 2018 to 2033
Figure 37: South Gyeongsang Industry Analysis and Outlook Volume (Units) Analysis by Width Type, 2018 to 2033
Figure 38: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by Width Type, 2023 to 2033
Figure 39: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Width Type, 2023 to 2033
Figure 40: South Gyeongsang Industry Analysis and Outlook Attractiveness by Sales Channel, 2023 to 2033
Figure 41: South Gyeongsang Industry Analysis and Outlook Attractiveness by Vehicle Type, 2023 to 2033
Figure 42: South Gyeongsang Industry Analysis and Outlook Attractiveness by Width Type, 2023 to 2033
Figure 43: North Jeolla Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 44: North Jeolla Industry Analysis and Outlook Value (US$ Million) by Vehicle Type, 2023 to 2033
Figure 45: North Jeolla Industry Analysis and Outlook Value (US$ Million) by Width Type, 2023 to 2033
Figure 46: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 47: North Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2018 to 2033
Figure 48: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 49: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 50: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033
Figure 51: North Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Vehicle Type, 2018 to 2033
Figure 52: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033
Figure 53: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033
Figure 54: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Width Type, 2018 to 2033
Figure 55: North Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Width Type, 2018 to 2033
Figure 56: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Width Type, 2023 to 2033
Figure 57: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Width Type, 2023 to 2033
Figure 58: North Jeolla Industry Analysis and Outlook Attractiveness by Sales Channel, 2023 to 2033
Figure 59: North Jeolla Industry Analysis and Outlook Attractiveness by Vehicle Type, 2023 to 2033
Figure 60: North Jeolla Industry Analysis and Outlook Attractiveness by Width Type, 2023 to 2033
Figure 61: South Jeolla Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 62: South Jeolla Industry Analysis and Outlook Value (US$ Million) by Vehicle Type, 2023 to 2033
Figure 63: South Jeolla Industry Analysis and Outlook Value (US$ Million) by Width Type, 2023 to 2033
Figure 64: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 65: South Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2018 to 2033
Figure 66: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 67: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 68: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033
Figure 69: South Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Vehicle Type, 2018 to 2033
Figure 70: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033
Figure 71: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033
Figure 72: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Width Type, 2018 to 2033
Figure 73: South Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Width Type, 2018 to 2033
Figure 74: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Width Type, 2023 to 2033
Figure 75: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Width Type, 2023 to 2033
Figure 76: South Jeolla Industry Analysis and Outlook Attractiveness by Sales Channel, 2023 to 2033
Figure 77: South Jeolla Industry Analysis and Outlook Attractiveness by Vehicle Type, 2023 to 2033
Figure 78: South Jeolla Industry Analysis and Outlook Attractiveness by Width Type, 2023 to 2033
Figure 79: Jeju Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 80: Jeju Industry Analysis and Outlook Value (US$ Million) by Vehicle Type, 2023 to 2033
Figure 81: Jeju Industry Analysis and Outlook Value (US$ Million) by Width Type, 2023 to 2033
Figure 82: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 83: Jeju Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2018 to 2033
Figure 84: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 85: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 86: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033
Figure 87: Jeju Industry Analysis and Outlook Volume (Units) Analysis by Vehicle Type, 2018 to 2033
Figure 88: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033
Figure 89: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033
Figure 90: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by Width Type, 2018 to 2033
Figure 91: Jeju Industry Analysis and Outlook Volume (Units) Analysis by Width Type, 2018 to 2033
Figure 92: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by Width Type, 2023 to 2033
Figure 93: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Width Type, 2023 to 2033
Figure 94: Jeju Industry Analysis and Outlook Attractiveness by Sales Channel, 2023 to 2033
Figure 95: Jeju Industry Analysis and Outlook Attractiveness by Vehicle Type, 2023 to 2033
Figure 96: Jeju Industry Analysis and Outlook Attractiveness by Width Type, 2023 to 2033
Figure 97: Rest of Korea Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 98: Rest of Korea Industry Analysis and Outlook Value (US$ Million) by Vehicle Type, 2023 to 2033
Figure 99: Rest of Korea Industry Analysis and Outlook Value (US$ Million) by Width Type, 2023 to 2033
Figure 100: Rest of Korea Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 101: Rest of Korea Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2018 to 2033
Figure 102: Rest of Korea Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 103: Rest of Korea Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 104: Rest of Korea Industry Analysis and Outlook Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033
Figure 105: Rest of Korea Industry Analysis and Outlook Volume (Units) Analysis by Vehicle Type, 2018 to 2033
Figure 106: Rest of Korea Industry Analysis and Outlook Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033
Figure 107: Rest of Korea Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033
Figure 108: Rest of Korea Industry Analysis and Outlook Value (US$ Million) Analysis by Width Type, 2018 to 2033
Figure 109: Rest of Korea Industry Analysis and Outlook Volume (Units) Analysis by Width Type, 2018 to 2033
Figure 110: Rest of Korea Industry Analysis and Outlook Value Share (%) and BPS Analysis by Width Type, 2023 to 2033
Figure 111: Rest of Korea Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Width Type, 2023 to 2033
Figure 112: Rest of Korea Industry Analysis and Outlook Attractiveness by Sales Channel, 2023 to 2033
Figure 113: Rest of Korea Industry Analysis and Outlook Attractiveness by Vehicle Type, 2023 to 2033
Figure 114: Rest of Korea Industry Analysis and Outlook Attractiveness by Width Type, 2023 to 2033
Full Research Suite comprises of:
Market outlook & trends analysis
Interviews & case studies
Strategic recommendations
Vendor profiles & capabilities analysis
5-year forecasts
8 regions and 60+ country-level data splits
Market segment data splits
12 months of continuous data updates
DELIVERED AS:
PDF EXCEL ONLINE
Korea Smart Home Security Camera Market Size and Share Forecast Outlook 2025 to 2035
Korea Bicycle Component Aftermarket Analysis Size and Share Forecast Outlook 2025 to 2035
Korea Calcium Supplement Market is segmented by form,end-use, application and province through 2025 to 2035.
The Korea Non-Dairy Creamer Market in Korea is segmented by form, nature, flavor, type, base, end-use, packaging, distribution channel, and province through 2025 to 2035.
Korea Women’s Intimate Care Market Analysis - Size, Share & Trends 2025 to 2035
Korea Conference Room Solution Market Growth – Trends & Forecast 2025 to 2035
Korea Visitor Management System Market Growth – Trends & Forecast 2025 to 2035
Korea fiber optic gyroscope market Growth – Trends & Forecast 2025 to 2035
Korea Event Management Software Market Insights – Demand & Growth Forecast 2025 to 2035
Korea Submarine Cable Market Insights – Demand & Forecast 2025 to 2035
Last-mile Delivery Software Market in Korea – Trends & Forecast through 2035
Korea HVDC Transmission System Market Trends & Forecast 2025 to 2035
Korea Base Station Antenna Market Growth – Trends & Forecast 2025 to 2035
Smart Space Market Analysis in Korea-Demand & Growth 2025 to 2035
Korea Banking-as-a-Service (BaaS) Platform Market Growth – Trends & Forecast 2025 to 2035
Korea I2C Bus Market Trends & Forecast 2025 to 2035
Korea On-shelf Availability Solution Market – Demand & Forecast 2025 to 2035
Korea Customized Premix Market Analysis – Size, Share & Trends 2025 to 2035
Korea Texturized Vegetable Protein Market Analysis – Size, Share & Trends 2025 to 2035
Korea Avocado Oil Market Analysis - Size, Share & Trends 2025 to 2035
Korea Low Rolling Resistance Tire Industry
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
Chat With
MaRIA
