South Korea Medium and Heavy Trucks Market Summary, Competitive Analysis and Forecast, 2017-2026
Summary
Medium & Heavy Trucks in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The medium and heavy trucks market includes commercial vehicles (CVs), buses and coaches (BCs), heavy commercial vehicles (HCVs) and heavy buses and coaches (HBCs). CVs and BCs weigh 3.51 to 16 tonnes and include pick-ups and vans where they fall into this weight range. HCVs and HBCs weigh over 16 tonnes; the converted trucks and buses are excluded. The market volume include the number of newly registrated vehicle in any given year. The market value is calculated in terms of average manufacturer selling price (MSP) against market volume, and excludes all taxes and levies. All market data and forecasts are represented in nominal terms (i.e. without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
- The South Korean medium and heavy trucks market had total revenues of $1.8bn in 2021, representing a compound annual growth rate (CAGR) of 2.8% between 2017 and 2021.
- Market consumption volume increased with a CAGR of 2.2% between 2017 and 2021, to reach a total of 44,747.7 units in 2021.
- CV had the highest volume in the South Korean medium and heavy trucks market in 2021, with a total of 27,903.0 units, equivalent to 62.4% of the market's overall volume.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the medium & heavy trucks market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the medium & heavy trucks market in South Korea
- Leading company profiles reveal details of key medium & heavy trucks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea medium & heavy trucks market with five year forecasts
- What was the size of the South Korea medium & heavy trucks market by value in 2021?
- What will be the size of the South Korea medium & heavy trucks market in 2026?
- What factors are affecting the strength of competition in the South Korea medium & heavy trucks market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's medium & heavy trucks 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 rivalry
- 1.7. 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. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of leading players?
- 7.4. What are the most notable M&A deals in recent years?
- 8 Company Profiles
- 8.1. AB Volvo
- 8.2. Hyundai Motor Company
- 8.3. Tata Motors Limited
- 8.4. SsangYong Motor Co Ltd
- 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 medium & heavy trucks market value: $ billion, 2017-21
- Table 2: South Korea medium & heavy trucks market volume: thousand units, 2017-21
- Table 3: South Korea medium & heavy trucks market geography segmentation: $ billion, 2021
- Table 4: South Korea medium & heavy trucks market value forecast: $ billion, 2021-26
- Table 5: South Korea medium & heavy trucks market volume forecast: thousand units, 2021-26
- Table 6: AB Volvo: key facts
- Table 7: AB Volvo: Annual Financial Ratios
- Table 8: AB Volvo: Key Employees
- Table 9: AB Volvo: Key Employees Continued
- Table 10: Hyundai Motor Company: key facts
- Table 11: Hyundai Motor Company: Annual Financial Ratios
- Table 12: Hyundai Motor Company: Key Employees
- Table 13: Tata Motors Limited: key facts
- Table 14: Tata Motors Limited: Annual Financial Ratios
- Table 15: Tata Motors Limited: Key Employees
- Table 16: SsangYong Motor Co Ltd: key facts
- Table 17: SsangYong Motor Co Ltd: Annual Financial Ratios
- Table 18: SsangYong Motor Co Ltd: Key Employees
- Table 19: South Korea size of population (million), 2017-21
- Table 20: South Korea gdp (constant 2005 prices, $ billion), 2017-21
- Table 21: South Korea gdp (current prices, $ billion), 2017-21
- Table 22: South Korea inflation, 2017-21
- Table 23: South Korea consumer price index (absolute), 2017-21
- Table 24: South Korea exchange rate, 2017-21
- List of Figures
- Figure 1: South Korea medium & heavy trucks market value: $ billion, 2017-21
- Figure 2: South Korea medium & heavy trucks market volume: thousand units, 2017-21
- Figure 3: South Korea medium & heavy trucks market geography segmentation: % share, by value, 2021
- Figure 4: South Korea medium & heavy trucks market value forecast: $ billion, 2021-26
- Figure 5: South Korea medium & heavy trucks market volume forecast: thousand units, 2021-26
- Figure 6: Forces driving competition in the medium & heavy trucks market in South Korea, 2021
- Figure 7: Drivers of buyer power in the medium & heavy trucks market in South Korea, 2021
- Figure 8: Drivers of supplier power in the medium & heavy trucks market in South Korea, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in South Korea, 2021
- Figure 10: Factors influencing the threat of substitutes in the medium & heavy trucks market in South Korea, 2021
- Figure 11: Drivers of degree of rivalry in the medium & heavy trucks market in South Korea, 2021
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook