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Automotive Manufacturing in South Korea

Publisher MarketLine
Published May 29, 2025
Length 48 Pages
SKU # MTLN20303930

Description

Automotive Manufacturing in South Korea

Summary

Automotive Manufacturing in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The automotive manufacturing industry is segmented into car manufacturing, motorcycle manufacturing, and truck manufacturing. The electric and hybrid vehicles are out of our market scope.
  • The South Korean automotive manufacturing industry recorded revenues of $101 billion in 2024, representing a compound annual growth rate (CAGR) of 1.2% between 2019 and 2024.
  • Industry production volume increased with a CAGR of 0.6% between 2019 and 2024, reaching a total of 4.4 million units in 2024.
  • In 2024, the South Korean automotive manufacturing industry production volume was further affected by challenges in international markets, particularly due to increased competition and trade barriers. In the United States, the imposition of a 25% import tariff on foreign-built cars led companies like Hyundai and Kia to reassess their export strategies.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the automotive manufacturing market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the automotive manufacturing market in South Korea
  • Leading company profiles reveal details of key automotive manufacturing market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea automotive manufacturing market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the South Korea automotive manufacturing market by value in 2024?
  • What will be the size of the South Korea automotive manufacturing market in 2029?
  • What factors are affecting the strength of competition in the South Korea automotive manufacturing market?
  • How has the market performed over the last five years?
  • How large is South Korea’s automotive manufacturing market in relation to its regional counterparts?

Table of Contents

48 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 strategies of the leading players?
7.4. What are the recent developments in the industry?
8 Company Profiles
8.1. Hyundai Motor Co
8.2. Kia Corp
8.3. Toyota Motor Corp
8.4. Honda 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 automotive manufacturing industry value: $ billion, 2019-24
Table 2: South Korea automotive manufacturing industry volume: million units, 2019-24
Table 3: South Korea automotive manufacturing industry category segmentation: % share, by value, 2019-24
Table 4: South Korea automotive manufacturing industry category segmentation: $ billion, 2019-24
Table 5: South Korea automotive manufacturing industry geography segmentation: $ billion, 2024
Table 6: South Korea automotive manufacturing industry value forecast: $ billion, 2024-29
Table 7: South Korea automotive manufacturing industry volume forecast: million units, 2024-29
Table 8: Hyundai Motor Co: Key Facts
Table 9: Hyundai Motor Co: Annual Financial Ratios
Table 10: Hyundai Motor Co: Key Employees
Table 11: Kia Corp: Key Facts
Table 12: Kia Corp: Annual Financial Ratios
Table 13: Kia Corp: Key Employees
Table 14: Toyota Motor Corp: Key Facts
Table 15: Toyota Motor Corp: Annual Financial Ratios
Table 16: Toyota Motor Corp: Key Employees
Table 17: Toyota Motor Corp: Key Employees Continued
Table 18: Honda Motor Co Ltd: Key Facts
Table 19: Honda Motor Co Ltd: Annual Financial Ratios
Table 20: Honda Motor Co Ltd: Key Employees
Table 21: South Korea Exchange Rate, 2019-24
List of Figures
Figure 1: South Korea automotive manufacturing industry value: $ billion, 2019-24
Figure 2: South Korea automotive manufacturing industry volume: million units, 2019-24
Figure 3: South Korea automotive manufacturing industry category segmentation: $ billion, 2019-24
Figure 4: South Korea automotive manufacturing industry geography segmentation: % share, by value, 2024
Figure 5: South Korea automotive manufacturing industry value forecast: $ billion, 2024-29
Figure 6: South Korea automotive manufacturing industry volume forecast: million units, 2024-29
Figure 7: Forces driving competition in the automotive manufacturing industry in South Korea, 2024
Figure 8: Drivers of buyer power in the automotive manufacturing industry in South Korea, 2024
Figure 9: Drivers of supplier power in the automotive manufacturing industry in South Korea, 2024
Figure 10: Factors influencing the likelihood of new entrants in the automotive manufacturing industry in South Korea, 2024
Figure 11: Factors influencing the threat of substitutes in the automotive manufacturing industry in South Korea, 2024
Figure 12: Drivers of degree of rivalry in the automotive manufacturing industry in South Korea, 2024

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