SOUTH KOREA EV TYRE MARKET

INTRODUCTION 

The evolution of mobility as we know it is being driven by electric and hybrid vehicles with minimal emissions.

We need tires with stronger structures and more durable rubber compositions for electric cars since they carry a bigger load and must endure high immediate torque, which increases tire wear.

We lay a specific focus on having the best grip possible since greater bulk and inertia result in longer braking distances.

As a result, tires for electric cars provide a smoother, more energy-efficient, and low-impact ride due to factors such as strong immediate torque, higher weight, the necessity for a long range, and fewer emissions.

SOUTH KOREA EV TYRE MARKET SIZE AND FORECAST

The South Korea EV Tire Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030. 

SOUTH KOREA EV TYRE MARKETNEW PRODUCT LAUNCH

The Kingery AS EV, a second-generation electric vehicle tire from Hankook Tire Co. Ltd., is designed for the newest electric cars, according to the tire manufacturer, and delivers enhanced handling and noise reduction (EVs).

The Kingery AS EV is designed to suit the requirements of EVs, which have no engine noise, enhancing the audibility of road and tire noise. 

The Kingery AS EV offers a noise environment appropriate for EVs, according to Hankook, with a feeling akin to that of an ultra-high-performance tire.

The Kingery AS EV was created with the knowledge that EVs have reduced engine noise, greater beginning acceleration, and bodies that weigh 10 to 20 percent more than internal combustion engine vehicles.

SOUTH KOREA EV TYRE MARKETRECENT PARTNERSHIPS AND AGREEMENTS

Hyundai Motor, a South Korean carmaker, declared that it will collaborate with Michelin, a French tire manufacturer, to create high-end goods.

Hyundai specifically mentioned that they will collaborate to create next-generation tires specifically for electric vehicles under the two-way agreement.

Beyond the present norms of tire temperature and air pressure, Hyundai and Michelin want to collaborate to perform collaborative research on tire wear, tire load, and road friction.

As a result, Hyundai Motor anticipates that the new tires will increase ride comfort for drivers by reducing the vibration and noise that electric vehicles produce when travelling at high speeds.

SOUTH KOREA EV TYRE MARKET COMPANY PROFILE

• Kumho   
• Hyundai Motor
• Michelin
• Hankook Tire and Technology

THIS SOUTH KOREA EV TYRE MARKET REPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. What is the average cost per South Korea EV Tire Marketright now and how will it change in the next 5-6 years?  
2. The average cost to set up anEV Tire Marketin South Korea? 
3. How manySouth Korea EV Tire Marketare manufactured per annum globally? Who are the sub-component suppliers in different regions? 
4. What is happening in the overall public, globally?  
5. Cost breakup of a South Korea EV Tire Market and key vendor selection criteria 
6. Where is theSouth Korea EV Tire Marketmanufactured? What is the average margin per equipment? 
7. Market share ofSouth Korea EV Tire Market manufacturers and their upcoming products 
8. The most important planned South Korea EV Tire Market in the next 2 years 
9. Details on a network of majorSouth Korea EV Tire Market and pricing plans 
10. The cost advantage for OEMs who manufactureSouth Korea EV Tire Market in-house 
11. 5 key predictions for the next 5 years inSouth Korea EV Tire Market 
12. Average B-2-BSouth Korea EV Tire Marketprice in all segments 
13. Latest trends inSouth Korea EV Tire Market, by every market segment 
14. The market size (both volume and value) ofSouth Korea EV Tire Marketin 2024-2030 and every year in between? 
15. Global production breakup ofSouth Korea EV Tire Market, by suppliers and their OEM relationship