
Premium and Luxury Cars in South Korea
Description
Premium and Luxury Cars in South Korea
Retail value sales of premium and luxury cars saw double-digit growth of 13% in 2024, with total sales of KRW26.4 trillion. The landscape continues to thrive despite inflation, while the macroeconomic situation has less impact on luxury and higher-income consumers in South Korea. Wealth determines the demand for premium and luxury cars, and sales are reliant on high consumer confidence amongst a niche consumer demographic. As such, the number of wealthy consumers in South Korea strongly influenc...
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 2028 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
20 Pages
- Premium and Luxury Cars in South Korea
- Euromonitor International
- October 2024
- List Of Contents And Tables
- PREMIUM AND LUXURY CARS IN SOUTH KOREA
- KEY DATA FINDINGS
- 2024 DEVELOPMENTS
- Rising retail value sales supported by new launches in premium and luxury cars
- Premium and luxury cars is led by Daimler AG, offering the Mercedes-Benz brand
- The demand for sustainability boosts sales of electric and hybrid cars
- PROSPECTS AND OPPORTUNITIES
- Strong volume growth bolstered by ongoing investment from luxury car players
- Customisation and limited edition models appeal to luxury consumers in South Korea
- Improved infrastructure support ongoing demand for luxury electric cars
- CATEGORY DATA
- Table 1 Sales of Premium and Luxury Cars: Value 2019-2024
- Table 2 Sales of Premium and Luxury Cars: % Value Growth 2019-2024
- Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2019-2023
- Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2020-2023
- Table 5 Forecast Sales of Premium and Luxury Cars: Value 2024-2029
- Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2024-2029
- LUXURY GOODS IN SOUTH KOREA
- EXECUTIVE SUMMARY
- Luxury goods in 2024: The big picture
- 2024 key trends
- Competitive landscape
- Retailing developments
- What next for luxury goods?
- MARKET DATA
- Table 7 Sales of Luxury Goods by Category: Value 2019-2024
- Table 8 Sales of Luxury Goods by Category: % Value Growth 2019-2024
- Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
- Table 10 NBO Company Shares of Luxury Goods: % Value 2019-2023
- Table 11 LBN Brand Shares of Luxury Goods: % Value 2020-2023
- Table 12 Distribution of Luxury Goods by Format and Category: % Value 2024
- Table 13 Forecast Sales of Luxury Goods by Category: Value 2024-2029
- Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
Pricing
Currency Rates
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