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Covered in this Report• In this report, Technavio covers the present scenario and
growth prospects of the passenger car tire market in South Korea for the period 2015-2019.
• We also present the vendor landscape and a corresponding detailed analysis of the top vendors in the market.
• In addition, the report discusses the major drivers influencing market growth, outlines the challenges faced by vendors and the market as a whole, and identifies the key trends emerging in the market.
• Technavio's report, Passenger Car Tire Market in South Korea 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
• It covers the passenger car tire market landscape in South Korea and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Passenger Car Tire Market in South Korea 2015-2019
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Market Overview
• South Korea is one of the leading automobile manufacturing countries in the world.
• Thus, South Korea is one of the most significant markets for tire manufacturers.
• The future of passenger car tire market in South Korea is expected to be positive over the forecast period due to the optimistic outlook for the automotive industry.
• The tire market in South Korea is driven by growing demand for automobiles, overall growth of the economy, and growth of the replacement tire market.
• Technavio's analysts forecast the passenger car tire market in South Korea to grow at a CAGR of 3.78% over the period 2014-2019.
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Key Vendors and Regions
• Bridgestone Corp.
• Continental AG
• Goodyear Korea Co., Ltd.
• Hankook Tire Co.
• Kumho Tyre Co. Inc.
• Michelin Corp.
• Nexen Tyre Corp.
• Pirelli & C. SpA
• Yokohama Rubber Co. Ltd.
View Our Report: Passenger Car Tire Market in
South Korea 2015-2019
• South Korea
Vendors Regions
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Key Findings
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• The passenger car tire market in South Korea is highly fragmented and competitive.
• The top players (as shown in the figure) in the market control more than 85 percent.
• Tire vendors are continuously introducing new products that are designed to be the best in their respective winter, summer, or all-weather conditions.
• Product innovations help introduce more fuel-efficient and longer lasting tires.
• The market is characterized by the presence of well-diversified international and local vendors.
• Local vendors provide cost-effective tires with a limited number of features and functionalities, while international players offer tires with highly advanced features.
Key Questions Answered in Our Report
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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• Technavio was founded in 2003 in London. We have about 300 analysts globally. We cover more than 500 technologies across 80 countries. Traditional media such as Forbes Asia and New York Times, along with other web media portals, like to quote us.
About Technavio
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Passenger Car Tire Market in South Korea 2015-2019
111 Pages | SKU: IRTNTR6523
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