
Automotive Aftermarket in South Korea
Description
Automotive Aftermarket in South Korea
Summary
Automotive Aftermarket in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Automotive Aftermarket in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Automotive aftermarket includes the sales of automotive components for use on vehicles after first purchase. Market value is calculated in terms of retail selling price (RSP) including all taxes and levies. Market volume refers to each individual aftermarket component, such as wiper blades or brake calipers, considered as a separate unit. The scope includes components sold through fast fits, auto centres, garages, tyre specialists, vehicle manufacturer networks, petrol stations, hypermarkets, crash repair centres/body shops, online sales, parts & accessories stores, and others. Both internal combustion engines and electric vehicles are considered in our scope. Our analysis encompasses both passenger cars and light commercial vehicles.
- The South Korean automotive aftermarket sector recorded revenues of $16.4 billion in 2023, representing a negative compound annual growth rate (CAGR) of 0.3% between 2018 and 2023.
- Sector consumption volume increased with a CAGR of 0.3% between 2018 and 2023, to reach a total of 433.1 million units in 2023.
- South Korea captured a share of 5.4% in the Asia-Pacific automotive aftermarket sector in 2023.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the automotive aftermarket market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the automotive aftermarket market in South Korea
- Leading company profiles reveal details of key automotive aftermarket market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea automotive aftermarket market with five year forecasts
- What was the size of the South Korea automotive aftermarket market by value in 2023?
- What will be the size of the South Korea automotive aftermarket market in 2028?
- What factors are affecting the strength of competition in the South Korea automotive aftermarket market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's automotive aftermarket market?
Table of Contents
44 Pages
- 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 are the strengths of the leading players?
- 7.3. What are the recent developments in the sector?
- 8 Company Profiles
- 8.1. Hyundai Mobis Co Ltd
- 8.2. Hankook Tire & Technology Co Ltd
- 8.3. Sungwoo Hitech 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 automotive aftermarket sector value: $ million, 2018-23
- Table 2: South Korea automotive aftermarket sector volume: million units, 2018-23
- Table 3: South Korea automotive aftermarket sector category segmentation: % share, by value, 2018-23
- Table 4: South Korea automotive aftermarket sector category segmentation: $ million, 2018-23
- Table 5: South Korea automotive aftermarket sector geography segmentation: $ million, 2023
- Table 6: South Korea automotive aftermarket sector value forecast: $ million, 2023-28
- Table 7: South Korea automotive aftermarket sector volume forecast: million units, 2023-28
- Table 8: Hyundai Mobis Co Ltd: Key Facts
- Table 9: Hyundai Mobis Co Ltd: Annual Financial Ratios
- Table 10: Hyundai Mobis Co Ltd: Key Employees
- Table 11: Hankook Tire & Technology Co Ltd: Key Facts
- Table 12: Hankook Tire & Technology Co Ltd: Annual Financial Ratios
- Table 13: Hankook Tire & Technology Co Ltd: Key Employees
- Table 14: Hankook Tire & Technology Co Ltd: Key Employees Continued
- Table 15: Sungwoo Hitech Co Ltd: Key Facts
- Table 16: Sungwoo Hitech Co Ltd: Annual Financial Ratios
- Table 17: Sungwoo Hitech Co Ltd: Key Employees
- Table 18: South Korea Size of Population (million), 2019-23
- Table 19: South Korea Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 20: South Korea GDP (Current Prices, $ Billion), 2019-23
- Table 21: South Korea Inflation, 2019-23
- Table 22: South Korea Consumer Price Index (Absolute), 2019-23
- Table 23: South Korea Exchange Rate, 2018-23
- List of Figures
- Figure 1: South Korea automotive aftermarket sector value: $ million, 2018-23
- Figure 2: South Korea automotive aftermarket sector volume: million units, 2018-23
- Figure 3: South Korea automotive aftermarket sector category segmentation: $ million, 2018-23
- Figure 4: South Korea automotive aftermarket sector geography segmentation: % share, by value, 2023
- Figure 5: South Korea automotive aftermarket sector value forecast: $ million, 2023-28
- Figure 6: South Korea automotive aftermarket sector volume forecast: million units, 2023-28
- Figure 7: Forces driving competition in the automotive aftermarket sector in South Korea, 2023
- Figure 8: Drivers of buyer power in the automotive aftermarket sector in South Korea, 2023
- Figure 9: Drivers of supplier power in the automotive aftermarket sector in South Korea, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the automotive aftermarket sector in South Korea, 2023
- Figure 11: Factors influencing the threat of substitutes in the automotive aftermarket sector in South Korea, 2023
- Figure 12: Drivers of degree of rivalry in the automotive aftermarket sector in South Korea, 2023
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