Report cover image

Premium and Luxury Cars in South Korea

Publisher Euromonitor International
Published Jul 18, 2022
Length 18 Pages
SKU # EP17326137

Description

Premium and Luxury Cars in South Korea

During the pandemic, premium and luxury cars saw strong growth, with this set to continue in 2022. A key driver of this positive performance has been the South Korean government’s temporary reduction in the individual consumption tax imposed on passenger car purchases. The tax was cut from 5% to 3.5% in 2018, with this having been rolled over every six months since then, and even being reduced to 1.5% in the first half of 2020 as a measure to help maintain sales at the start of the pandemic. The...

Euromonitor International's Premium and Luxury Cars in South Korea report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Premium and Luxury Cars retailing along with the development of consumers’ shopping patterns. Forecasts to 2026 illustrate how the market is set to change

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Premium and Luxury Cars market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

18 Pages
Premium and Luxury Cars in South Korea
Euromonitor International
July 2022
List Of Contents And Tables
PREMIUM AND LUXURY CARS IN SOUTH KOREA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Ferrari excels in VIP marketing
Tesla starts to struggle due to repeated price increases and long delays
Subscription services and SUVs are trends driven by younger generations
PROSPECTS AND OPPORTUNITIES
Return of travel and change of licence plate colour set to hamper growth
Growth of premium and luxury electric cars dependent on infrastructure
BMW’s marketing efforts will help it to narrow the gap from Mercedes-Benz
CATEGORY DATA
Table 1 Sales of Premium and Luxury Cars: Value 2017-2022
Table 2 Sales of Premium and Luxury Cars: % Value Growth 2017-2022
Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2017-2021
Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2018-2021
Table 5 Forecast Sales of Premium and Luxury Cars: Value 2022-2027
Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2022-2027
LUXURY GOODS IN SOUTH KOREA
EXECUTIVE SUMMARY
Luxury goods in 2022: The big picture
2022 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 7 Sales of Luxury Goods by Category: Value 2017-2022
Table 8 Sales of Luxury Goods by Category: % Value Growth 2017-2022
Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022
Table 10 NBO Company Shares of Luxury Goods: % Value 2017-2021
Table 11 LBN Brand Shares of Luxury Goods: % Value 2018-2021
Table 12 Distribution of Luxury Goods by Format and Category: % Value 2022
Table 13 Forecast Sales of Luxury Goods by Category: Value 2022-2027
Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
Summary 1 Research Sources

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us