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New Cars in South Korea

Publisher MarketLine
Published Nov 07, 2024
Length 44 Pages
SKU # MTLN19547010

Description

New Cars in South Korea

Summary

New Cars 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
  • New cars market consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
  • The South Korean new cars market recorded revenues of $38.7 billion in 2023, representing a negative compound annual growth rate (CAGR) of 0.4% between 2018 and 2023.
  • Market consumption volumes declined with a negative CAGR of 0.5% between 2018 and 2023 to reach a total of 1,485.7 thousand units in 2023.
  • According to GlobalData, in 2023, the revenue of the South Korean new cars market recorded an annual growth of 4.5%, rebounding from a historic downturn. The growth is primarily driven by the increasing consumer demand for higher-end vehicles, enhanced features, and advanced technologies.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in South Korea
  • Leading company profiles reveal details of key new cars market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea new cars market with five year forecasts
Reasons to Buy
  • What was the size of the South Korea new cars market by value in 2023?
  • What will be the size of the South Korea new cars market in 2028?
  • What factors are affecting the strength of competition in the South Korea new cars market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South Korea's new cars 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. Geography segmentation
1.6. Market share
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. 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. Market share
7.2. Who are the leading players?
7.3. What are the strengths of the leading players?
7.4. What strategies do the leading players follow?
8 Company Profiles
8.1. Hyundai Motor Co
8.2. Bayerische Motoren Werke AG
8.3. Mercedes-Benz Group AG
8.4. Renault-Nissan-Mitsubishi Alliance
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 new cars market value: $ billion, 2018-23
Table 2: South Korea new cars market volume: units, 2018-23
Table 3: South Korea new cars market geography segmentation: $ billion, 2023
Table 4: South Korea new cars market value forecast: $ billion, 2023-28
Table 5: South Korea new cars market volume forecast: units, 2023-28
Table 6: South Korea new cars market share: % share, by volume, 2023
Table 7: Hyundai Motor Co: Key Facts
Table 8: Hyundai Motor Co: Annual Financial Ratios
Table 9: Hyundai Motor Co: Key Employees
Table 10: Bayerische Motoren Werke AG: Key Facts
Table 11: Bayerische Motoren Werke AG: Annual Financial Ratios
Table 12: Bayerische Motoren Werke AG: Key Employees
Table 13: Bayerische Motoren Werke AG: Key Employees Continued
Table 14: Mercedes-Benz Group AG: Key Facts
Table 15: Mercedes-Benz Group AG: Annual Financial Ratios
Table 16: Mercedes-Benz Group AG: Key Employees
Table 17: Mercedes-Benz Group AG: Key Employees Continued
Table 18: Renault-Nissan-Mitsubishi Alliance: Key Facts
Table 19: South Korea Size of Population (million), 2019-23
Table 20: South Korea Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 21: South Korea GDP (Current Prices, $ Billion), 2019-23
Table 22: South Korea Inflation, 2019-23
Table 23: South Korea Consumer Price Index (Absolute), 2019-23
Table 24: South Korea Exchange Rate, 2018-23
List of Figures
Figure 1: South Korea new cars market value: $ billion, 2018-23
Figure 2: South Korea new cars market volume: units, 2018-23
Figure 3: South Korea new cars market geography segmentation: % share, by value, 2023
Figure 4: South Korea new cars market value forecast: $ billion, 2023-28
Figure 5: South Korea new cars market volume forecast: units, 2023-28
Figure 6: Forces driving competition in the new cars market in South Korea, 2023
Figure 7: Drivers of buyer power in the new cars market in South Korea, 2023
Figure 8: Drivers of supplier power in the new cars market in South Korea, 2023
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in South Korea, 2023
Figure 10: Factors influencing the threat of substitutes in the new cars market in South Korea, 2023
Figure 11: Drivers of degree of rivalry in the new cars market in South Korea, 2023
Figure 12: South Korea new cars market share: % share, by volume, 2023

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