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Automotive Manufacturing in South Korea

June 2024 | 56 pages | ID: A6A2DD9DBABEN
MarketLine

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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 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 manufacturing market is segmented into car manufacturing, motorcycle manufacturing, and truck manufacturing. Market value of the automotive manufacturing industry is calculated based on the manufacturer's selling price, excluding taxes and levies. Market volume represents the production of vehicles in a country in a specific year.
  • The South Korean automotive manufacturing industry recorded revenues of $96.7 billion in 2023, representing a compound annual growth rate (CAGR) of 2.8% between 2018 and 2023.
  • Industry production volume increased with a CAGR of 1.0% between 2018 and 2023, to reach a total of 4.6 million units in 2023.
  • The growth in automotive manufacturing production levels across South Korea is attributed to the rise in automobile exports. According to the Korea Automobile Manufacturers Association (KAMA), in May 2023, the automobile exports in the country reached 255,000, up 17.0% annually.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, 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
Reasons to Buy
  • What was the size of the South Korea automotive manufacturing market by value in 2023?
  • What will be the size of the South Korea automotive manufacturing market in 2028?
  • 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?
  • What are the main segments that make up South Korea's automotive manufacturing market?
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 in this sector?
7.2. What are the strategies of the leading players?
7.3. What have been the most significant partnerships over the past few years?

8 COMPANY PROFILES

8.1. Hyundai Motor Company
8.2. Kia Corporation
8.3. General Motors Company
8.4. Renault SA

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, 2018-23
Table 2: South Korea automotive manufacturing industry volume: thousand units, 2018-23
Table 3: South Korea automotive manufacturing industry category segmentation: % share, by value, 2018-2023
Table 4: South Korea automotive manufacturing industry category segmentation: $ billion, 2018-2023
Table 5: South Korea automotive manufacturing industry geography segmentation: $ billion, 2023
Table 6: South Korea automotive manufacturing industry value forecast: $ billion, 2023-28
Table 7: South Korea automotive manufacturing industry volume forecast: thousand units, 2023-28
Table 8: Hyundai Motor Company: key facts
Table 9: Hyundai Motor Company: Annual Financial Ratios
Table 10: Hyundai Motor Company: Key Employees
Table 11: Hyundai Motor Company: Key Employees Continued
Table 12: Kia Corporation: key facts
Table 13: Kia Corporation: Annual Financial Ratios
Table 14: Kia Corporation: Key Employees
Table 15: General Motors Company: key facts
Table 16: General Motors Company: Annual Financial Ratios
Table 17: General Motors Company: Key Employees
Table 18: General Motors Company: Key Employees Continued
Table 19: Renault SA: key facts
Table 20: Renault SA: Annual Financial Ratios
Table 21: Renault SA: Key Employees
Table 22: Renault SA: Key Employees Continued
Table 23: South Korea size of population (million), 2019-23
Table 24: South Korea real gdp (constant 2010 prices, $ billion), 2019-23
Table 25: South Korea gdp (current prices, $ billion), 2019-23
Table 26: South Korea inflation, 2019-23
Table 27: South Korea consumer price index (absolute), 2019-23
Table 28: South Korea exchange rate, 2019-23

LIST OF FIGURES

Figure 1: South Korea automotive manufacturing industry value: $ billion, 2018-23
Figure 2: South Korea automotive manufacturing industry volume: thousand units, 2018-23
Figure 3: South Korea automotive manufacturing industry category segmentation: $ billion, 2018-2023
Figure 4: South Korea automotive manufacturing industry geography segmentation: % share, by value, 2023
Figure 5: South Korea automotive manufacturing industry value forecast: $ billion, 2023-28
Figure 6: South Korea automotive manufacturing industry volume forecast: thousand units, 2023-28
Figure 7: Forces driving competition in the automotive manufacturing industry in South Korea, 2023
Figure 8: Drivers of buyer power in the automotive manufacturing industry in South Korea, 2023
Figure 9: Drivers of supplier power in the automotive manufacturing industry in South Korea, 2023
Figure 10: Factors influencing the likelihood of new entrants in the automotive manufacturing industry in South Korea, 2023
Figure 11: Factors influencing the threat of substitutes in the automotive manufacturing industry in South Korea, 2023
Figure 12: Drivers of degree of rivalry in the automotive manufacturing industry in South Korea, 2023


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