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South Korea New Cars Market to 2027

Best Price Guarantee Length Publisher Published Date SKU
from $350 47 Pages MarketLine November, 2023 MTLN18457478
Best Price Guarantee
Price from $350
Length 47 Pages
Publisher MarketLine
Published Date November, 2023
SKU MTLN18457478

South Korea New Cars Market to 2027


Summary
New Cars in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The market for new cars consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles.
  • South Korea captured a share of 4.2% in the Asia-Pacific new cars market, in 2022.
  • The South Korean new cars market had total revenues of $36.3 billion in 2022, representing a negative compound annual growth rate (CAGR) of 1.4% between 2017 and 2022.
  • Market consumption volumes declined with a negative CAGR of 1.5% between 2017 and 2022, to reach a total of 1,423.9 thousand units in 2022.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in South Korea
  • Leading company profiles reveal details of key new cars market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea new cars market with five year forecasts
Reasons to Buy
  • What was the size of the South Korea new cars market by value in 2022?
  • What will be the size of the South Korea new cars market in 2027?
  • What factors are affecting the strength of competition in the South Korea new cars market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South Korea's new cars market?


1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market share
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strengths of the leading players?
7.4. What strategies do the leading players follow?
8 Company Profiles
8.1. Hyundai Motor Company
8.2. Bayerische Motoren Werke AG
8.3. Mercedes-Benz Group AG.
8.4. Renault–Nissan–Mitsubishi Alliance
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: South Korea new cars market value: $ billion, 2017–22
Table 2: South Korea new cars market volume: units, 2017–22
Table 3: South Korea new cars market geography segmentation: $ billion, 2022
Table 4: South Korea new cars market value forecast: $ billion, 2022–27
Table 5: South Korea new cars market volume forecast: units, 2022–27
Table 6: South Korea new cars market share: % share, by volume, 2022
Table 7: Hyundai Motor Company: key facts
Table 8: Hyundai Motor Company: Annual Financial Ratios
Table 9: Hyundai Motor Company: Key Employees
Table 10: Hyundai Motor Company: Key Employees Continued
Table 11: Bayerische Motoren Werke AG: key facts
Table 12: Bayerische Motoren Werke AG: Annual Financial Ratios
Table 13: Bayerische Motoren Werke AG: Key Employees
Table 14: Mercedes-Benz Group AG.: key facts
Table 15: Mercedes-Benz Group AG.: Annual Financial Ratios
Table 16: Mercedes-Benz Group AG.: Key Employees
Table 17: Mercedes-Benz Group AG.: Key Employees Continued
Table 18: Renault–Nissan–Mitsubishi Alliance: key facts
Table 19: South Korea size of population (million), 2018–22
Table 20: South Korea gdp (constant 2005 prices, $ billion), 2018–22
Table 21: South Korea gdp (current prices, $ billion), 2018–22
Table 22: South Korea inflation, 2018–22
Table 23: South Korea consumer price index (absolute), 2018–22
Table 24: South Korea exchange rate, 2018–22
List of Figures
Figure 1: South Korea new cars market value: $ billion, 2017–22
Figure 2: South Korea new cars market volume: units, 2017–22
Figure 3: South Korea new cars market geography segmentation: % share, by value, 2022
Figure 4: South Korea new cars market value forecast: $ billion, 2022–27
Figure 5: South Korea new cars market volume forecast: units, 2022–27
Figure 6: Forces driving competition in the new cars market in South Korea, 2022
Figure 7: Drivers of buyer power in the new cars market in South Korea, 2022
Figure 8: Drivers of supplier power in the new cars market in South Korea, 2022
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in South Korea, 2022
Figure 10: Factors influencing the threat of substitutes in the new cars market in South Korea, 2022
Figure 11: Drivers of degree of rivalry in the new cars market in South Korea, 2022
Figure 12: South Korea new cars market share: % share, by volume, 2022

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