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South Korea Electric Vehicle Market Size- By Vehicle Type, By Propulsion, By Drive Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Publisher SPER Market Research Pvt. Ltd.
Published Jul 16, 2024
Length 107 Pages
SKU # SPER19060801

Description

South Korea Electric Vehicle Market Size- By Vehicle Type, By Propulsion, By Drive Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033


South Korea Electric Vehicle Market Introduction and Overview

According to SPER Market Research, ‘South Korea Electric Vehicle Market Size- By Vehicle Type, By Propulsion, By Drive Type, – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the South Korea Electric Vehicle Market is estimated to reach USD 32.26 billion by 2033 with a CAGR of 16.21%.

Electric motors are used by electric vehicles (EVs) instead of conventional combustion engines for propulsion. EVs come in many different shapes and sizes, including electric vehicles such as cars, trains, airplanes, boats, and submersibles that are powered by electricity. Because they run on batteries that are charged by renewable energy sources or grid power, electric cars drastically cut down on pollutants.

The electric vehicle (EV) market in South Korea was greatly impacted by the COVID-19 pandemic in a number of ways. Growing consumer worries about public health led to a discernible shift in consumer preferences away from public transportation and toward private vehicles (EVs), which are seen as safer. In order to hasten the adoption of EVs, the South Korean government concurrently unveiled sizable stimulus packages that included tax breaks and subsidies.

Scope of the Report:

Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033

Segments covered By Vehicle Type, By Propulsion, By Drive Type

Regions covered Northern Region, Southern Region, Western Region, Eastern Region, Central Region

Companies Covered Hanwha Q CELLS, Hyundai Mobis, Hyundai Motor Company, Kia Corporation, LG Energy Solution, POSCO, Renault Samsung Motors, Samsung SDI, SK Innovation, and SsangYong Motor Company.

South Korea Electric Vehicle Market Segmentation

By Vehicle Type: Based on the Vehicle Type, South Korea Electric Vehicle Market is segmented as; Commercial Vehicle, Passenger Vehicle, Two Wheelers.

By Propulsion: Based on the Propulsion, South Korea Electric Vehicle Market is segmented as; BEV, PHEV, FCEV.

By Drive Type: Based on the Drive Type, South Korea Electric Vehicle Market is segmented as; Front Wheel Drive, Rear Wheel Drive, All Wheel Drive.

Table of Contents

107 Pages
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the South Korea Electric Vehicle Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South Korea Electric Vehicle Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Korea Electric Vehicle Market
7. South Korea Electric Vehicle Market, By Vehicle Type (USD Million) 2020-2033
7.1. South Korea Electric Vehicle Market Size, Share and Forecast, By Vehicle Type, 2020-2026
7.2. South Korea Electric Vehicle Market Size, Share and Forecast, By Vehicle Type, 2027-2033
7.3. Commercial Vehicle
7.4. Passenger Vehicle
7.5. Two Wheelers
8. South Korea Electric Vehicle Market, By Propulsion (USD Million) 2020-2033
8.1. South Korea Electric Vehicle Market Size, Share and Forecast, By Propulsion, 2020-2026
8.2. South Korea Electric Vehicle Market Size, Share and Forecast, By Propulsion, 2027-2033
8.3. BEV
8.4. PHEV
8.5. FCEV
9. South Korea Electric Vehicle Market, By Drive Type (USD Million) 2020-2033
9.1. South Korea Electric Vehicle Market Size, Share and Forecast, By Drive Type, 2020-2026
9.2. South Korea Electric Vehicle Market Size, Share and Forecast, By Drive Type, 2027-2033
9.3. Front Wheel Drive
9.4. Rear Wheel Drive
9.5. All Wheel Drive
10. South Korea Electric Vehicle Market Forecast, 2020-2033 (USD Million)
10.1. South Korea Electric Vehicle Market Size and Market Share
11. South Korea Electric Vehicle Market, By Region, 2020-2033 (USD Million)
11.1. South Korea Electric Vehicle Market Size and Market Share By Region (2020-2026)
11.2. South Korea Electric Vehicle Market Size and Market Share By Region (2027-2033)
11.3. Northern Region
11.4. Southern Region
11.5. Western Region
11.6. Eastern Region
11.7. Southern Region
12. Company Profile
12.1. HANWHA Q CELLS
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. HYUNDAI MOTOR COMPANY
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. KIA CORPORATION
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. LG ENERGY SOLUTION
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. POSCO
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. RENAULT SAMSUNG MOTORS
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. SAMSUNG SDI
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. SK INNOVATION
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. SSANGYONG MOTOR COMPANY
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links

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