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South Korea Medium and Heavy Trucks Market to 2027

Best Price Guarantee Length Publisher Published Date SKU
from $350 49 Pages MarketLine December, 2023 MTLN18457476
Best Price Guarantee
Price from $350
Length 49 Pages
Publisher MarketLine
Published Date December, 2023
SKU MTLN18457476

South Korea Medium and Heavy Trucks Market to 2027


Summary
Medium & Heavy Trucks 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 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.
  • The South Korean medium & heavy trucks market had total revenues of $1.7 billion in 2022, representing a compound annual growth rate (CAGR) of 3.1% between 2017 and 2022.
  • Market consumption volume increased with a CAGR of 2.6% between 2017 and 2022, reaching a total of 46.5 thousand units in 2022.
  • The growth in the South Korean medium & heavy trucks market is influenced by several macroeconomic factors, such as rising GDP and growing business confidence. For instance, according to the Organisation for Economic Co-operation and Development (OECD), the business confidence index in South Korea reached 100.14 in January 2022, up from 99.29 in January 2021.
Scope
  • 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
Reasons to Buy
  • What was the size of the South Korea medium & heavy trucks market by value in 2022?
  • What will be the size of the South Korea medium & heavy trucks market in 2027?
  • 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. Category segmentation
1.6. Geography segmentation
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. Category segmentation
4.2. 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. KG Mobility Co Ltd
8.4. Tata Motors Limited
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, 2017–22
Table 2: South Korea medium & heavy trucks market volume: thousand units, 2017–22
Table 3: South Korea medium & heavy trucks market category segmentation: % share, by volume, 2017–2022
Table 4: South Korea medium & heavy trucks market category segmentation: thousand units, 2017-2022
Table 5: South Korea medium & heavy trucks market geography segmentation: $ billion, 2022
Table 6: South Korea medium & heavy trucks market value forecast: $ billion, 2022–27
Table 7: South Korea medium & heavy trucks market volume forecast: thousand units, 2022–27
Table 8: AB Volvo: key facts
Table 9: AB Volvo: Annual Financial Ratios
Table 10: AB Volvo: Key Employees
Table 11: AB Volvo: Key Employees Continued
Table 12: Hyundai Motor Company: key facts
Table 13: Hyundai Motor Company: Annual Financial Ratios
Table 14: Hyundai Motor Company: Key Employees
Table 15: Hyundai Motor Company: Key Employees Continued
Table 16: KG Mobility Co Ltd: key facts
Table 17: KG Mobility Co Ltd: Annual Financial Ratios
Table 18: KG Mobility Co Ltd: Key Employees
Table 19: Tata Motors Limited: key facts
Table 20: Tata Motors Limited: Annual Financial Ratios
Table 21: Tata Motors Limited: Key Employees
Table 22: South Korea size of population (million), 2018–22
Table 23: South Korea gdp (constant 2005 prices, $ billion), 2018–22
Table 24: South Korea gdp (current prices, $ billion), 2018–22
Table 25: South Korea inflation, 2018–22
Table 26: South Korea consumer price index (absolute), 2018–22
Table 27: South Korea exchange rate, 2018–22
List of Figures
Figure 1: South Korea medium & heavy trucks market value: $ billion, 2017–22
Figure 2: South Korea medium & heavy trucks market volume: thousand units, 2017–22
Figure 3: South Korea medium & heavy trucks market category segmentation: thousand units, 2017-2022
Figure 4: South Korea medium & heavy trucks market geography segmentation: % share, by value, 2022
Figure 5: South Korea medium & heavy trucks market value forecast: $ billion, 2022–27
Figure 6: South Korea medium & heavy trucks market volume forecast: thousand units, 2022–27
Figure 7: Forces driving competition in the medium & heavy trucks market in South Korea, 2022
Figure 8: Drivers of buyer power in the medium & heavy trucks market in South Korea, 2022
Figure 9: Drivers of supplier power in the medium & heavy trucks market in South Korea, 2022
Figure 10: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in South Korea, 2022
Figure 11: Factors influencing the threat of substitutes in the medium & heavy trucks market in South Korea, 2022
Figure 12: Drivers of degree of rivalry in the medium & heavy trucks market in South Korea, 2022

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