Low Rolling Resistance Tire Market – 2024-2034 Trends & Forecast
The Low Rolling Resistance Tire Market in Korea is expected to experience robust growth, reaching USD 1,658.40 million in 2025 and expanding to USD 3,847.55 million by 2035, with a CAGR of 9.7%. The increasing demand for fuel-efficient vehicles, stringent government regulations, and the push for sustainability are the key factors propelling market expansion.
Market Drivers and Opportunities for Low Rolling Resistance Tire Market
- Government Mandates on Emission Reduction:
Korea has implemented stringent fuel consumption and emission reduction standards. LRR tires, which can reduce fuel usage by up to 15%, are becoming a popular choice among automakers to comply with these regulations. - Expanding Automotive Sector:
With car production steadily increasing in Korea, there is a heightened demand for tires. Heavy commercial vehicles (HCVs), which contribute significantly to tire consumption, are driving the adoption of LRR tires. - Technological Innovations in Tire Design:
Korean manufacturers are introducing advanced features like sound reduction, enhanced snow mobility, and improved grip, addressing past concerns about LRR tires providing less traction. - Eco-Friendly Initiatives:
Sustainability is a critical focus for manufacturers and the Korean government, with LRR tires playing a significant role in reducing carbon footprints while improving vehicle efficiency.
Key Market Trends in Low Rolling Resistance Tire Market
- Adoption of Dual-Width Tires:
Dual-width tires dominate the Korean market, holding an 83.7% market share in 2025, thanks to their heavy usage in HCVs for enhanced performance and durability. - Rapid Product Innovations:
Local manufacturers are launching cutting-edge products tailored for Korean road conditions. For instance, Yokohama Rubber introduced its GEOLANDAR CV 4S, an all-weather tire, while Hankook Tire unveiled the iON brand for electric vehicles. - Urbanization and Metro Systems:
Increasing urbanization has led to a surge in metro and public transport systems, which further supports the adoption of LRR tires in public fleet vehicles.
Segment & Category Analysis for Low Rolling Resistance Tire Market
By Vehicle Type:
- Heavy Commercial Vehicles (HCVs):
Leading the market with a 51.7% share in 2025, driven by the increased production of HCVs. - Passenger Vehicles:
Witnessing steady growth due to rising consumer awareness of fuel efficiency. - Light Commercial Vehicles (LCVs):
Expanding due to the growing logistics and e-commerce industries.
By Width Type:
- Dual-Width Tires: Dominating the market, preferred for their efficiency and high performance in heavy-duty vehicles.
- Wide Bandwidth Tires: Gaining traction in passenger and light commercial vehicle segments.
By Region:
- South Gyeongsang: Largest contributor to the market due to its industrial base.
- Jeju: Emerging as a growth hub for eco-friendly and sustainable automotive initiatives.
Regional Insights for Low Rolling Resistance Tire Market
| Region | CAGR (2025-2035) | Key Growth Drivers |
| South Gyeongsang | 10.1% | Industrial production and high vehicle usage. |
| Jeju | 9.5% | Adoption of eco-friendly initiatives and green technologies. |
| South Jeolla | 9.2% | Growth in HCV production and exports. |
Market Challenges in Low Rolling Resistance Tire Market
- Grip and Performance Concerns:
LRR tires have faced criticism for providing less road grip. Manufacturers are addressing this by incorporating advanced gripping technologies. - High Initial Costs:
The advanced materials and manufacturing processes make LRR tires more expensive than traditional options, limiting their adoption among budget-conscious consumers. - Competition from Imports:
The influx of imported tires from global brands creates price and quality competition for local manufacturers.
Competitive Landscape in Low Rolling Resistance Tire Market
Key players in the Korean market are focusing on innovation, partnerships, and global expansion to strengthen their positions. Prominent companies include:
- Hankook Tire
- Michelin
- Yokohama Rubber Co., Ltd.
- Bridgestone Corporation
- The Goodyear Tire & Rubber Company
| Key Players | Recent Developments |
| Hankook Tire | Launched the iON brand for electric vehicles. |
| Yokohama Rubber | Released GEOLANDAR CV 4S for all-weather conditions. |
| Michelin | Introduced eco-friendly tires tailored for hybrid vehicles. |
Key Market Statistics for Low Rolling Resistance Tire Market
| Attribute | 2025 Value | 2035 Value |
| Market Size | USD 1,658.40 million | USD 3,847.55 million |
| CAGR (2025-2035) | 9.7% | |
| Leading Segment | HCV Tires |
Frequently Asked Questions for Low Rolling Resistance Tire Market Industry
1. What is the projected market size of LRR tires in Korea by 2035?
The market size is expected to reach USD 3,847.55 million by 2035.
2. Which vehicle type dominates the market?
Heavy commercial vehicles (HCVs) dominate with a 51.7% market share.
3. What challenges do LRR tires face?
High costs, grip concerns, and competition from imports are the primary challenges.
4. Which region leads the LRR tire market in Korea?
South Gyeongsang is the leading region, driven by industrial activity and vehicle usage.
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