DIY market in South Korea
Market development
eCommerce revenue development in the Car Tires market in South Korea
The South Korean Car Tires eCommerce market is predicted to reach US$1,243.7 million by 2024 and accounts for 46.2% of the Car Parts eCommerce market in South Korea. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 6.7%, resulting in a projected market volume of US$1,609.8 million by 2028. The Car Tires eCommerce market is a sub-market of the Car Parts market. Further categories within the Car Parts market are: Car Multimedia, and Other Car Parts.
eCommerce revenue development in the Car Tires market in South Korea
eCommerce revenue growth in the Car Tires market in South Korea
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 32.3 | 30.8 | 7.5 | 3.3 | 3.5 | 87.3 | 78.9 | 52.0 |
Market definition
Definition of the Car Tires market within the DIY market
Market definition: DIY > Vehicle Parts > Car Parts > Car Tires The category Car Tires includes the online trade of car tires (e.g. all-season tires, winter tires, summer tires, off-road tires), wheels and rims. This category does not cover tire installation and balancing services, motorcycle tires or truck tires. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Car tires (e.g. all-season tires, winter tires, summer tires, off-road tires)
- Wheels
- Rims
Out-of-scope
- Tire installation and balancing services
- Motorcycle tires
- Truck tires