Medium & Heavy Trucks in South Korea
Medium & Heavy Trucks in South Korea
Summary
Medium & Heavy Trucks 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
Medium & Heavy Trucks 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
- The medium and heavy trucks market includes commercial vehicles (CV), buses and coaches (BC), heavy commercial vehicles (HCV), and heavy buses and coaches (HBCs).
- The South Korean medium & heavy trucks market recorded revenues of $20.7 billion in 2023, representing a negative compound annual growth rate (CAGR) of 1.2% between 2018 and 2023.
- Market consumption volumes declined with a negative CAGR of 2.5% between 2018 and 2023, to reach a total of 260.4 thousand units in 2023.
- The growth of the South Korean medium & heavy trucks market is propelled by the expansion of the transportation industry and concurrent infrastructure development. As the transportation sector experiences steady growth, fueled by increased demand for the movement of goods and people, there arises a corresponding need for robust transportation solutions, including medium and heavy trucks, to support these activities efficiently. For instance, according to MarketLine, the South Korean road transportation services industry stood at $2.5 billion in 2023, an increase of 6.1% from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the medium & heavy trucks market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the medium & heavy trucks market in South Korea
- Leading company profiles reveal details of key medium & heavy trucks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea medium & heavy trucks market with five year forecasts
- What was the size of the South Korea medium & heavy trucks market by value in 2023?
- What will be the size of the South Korea medium & heavy trucks market in 2028?
- What factors are affecting the strength of competition in the South Korea medium & heavy trucks market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's medium & heavy trucks market?
Table of Contents
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 the market?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
7.4. What have been the recent developments in the market?
8 COMPANY PROFILES
8.1. AB Volvo
8.2. Hyundai Motor Company
8.3. KG Mobility Co Ltd
8.4. Tata Motors Limited
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
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 the market?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
7.4. What have been the recent developments in the market?
8 COMPANY PROFILES
8.1. AB Volvo
8.2. Hyundai Motor Company
8.3. KG Mobility Co Ltd
8.4. Tata Motors Limited
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 medium & heavy trucks market value: $ billion, 2018-23
Table 2: South Korea medium & heavy trucks market volume: thousand units, 2018-23
Table 3: South Korea medium & heavy trucks market category segmentation: % share, by volume, 2018-2023
Table 4: South Korea medium & heavy trucks market category segmentation: thousand units, 2018-2023
Table 5: South Korea medium & heavy trucks market geography segmentation: $ billion, 2023
Table 6: South Korea medium & heavy trucks market value forecast: $ billion, 2023-28
Table 7: South Korea medium & heavy trucks market volume forecast: thousand units, 2023-28
Table 8: AB Volvo: key facts
Table 9: AB Volvo: Annual Financial Ratios
Table 10: AB Volvo: Key Employees
Table 11: AB Volvo: Key Employees Continued
Table 12: Hyundai Motor Company: key facts
Table 13: Hyundai Motor Company: Annual Financial Ratios
Table 14: Hyundai Motor Company: Key Employees
Table 15: Hyundai Motor Company: Key Employees Continued
Table 16: KG Mobility Co Ltd: key facts
Table 17: KG Mobility Co Ltd: Annual Financial Ratios
Table 18: KG Mobility Co Ltd: Key Employees
Table 19: Tata Motors Limited: key facts
Table 20: Tata Motors Limited: Annual Financial Ratios
Table 21: Tata Motors Limited: Key Employees
Table 22: South Korea size of population (million), 2019-23
Table 23: South Korea gdp (constant 2005 prices, $ billion), 2019-23
Table 24: South Korea gdp (current prices, $ billion), 2019-23
Table 25: South Korea inflation, 2019-23
Table 26: South Korea consumer price index (absolute), 2019-23
Table 27: South Korea exchange rate, 2019-23
Table 1: South Korea medium & heavy trucks market value: $ billion, 2018-23
Table 2: South Korea medium & heavy trucks market volume: thousand units, 2018-23
Table 3: South Korea medium & heavy trucks market category segmentation: % share, by volume, 2018-2023
Table 4: South Korea medium & heavy trucks market category segmentation: thousand units, 2018-2023
Table 5: South Korea medium & heavy trucks market geography segmentation: $ billion, 2023
Table 6: South Korea medium & heavy trucks market value forecast: $ billion, 2023-28
Table 7: South Korea medium & heavy trucks market volume forecast: thousand units, 2023-28
Table 8: AB Volvo: key facts
Table 9: AB Volvo: Annual Financial Ratios
Table 10: AB Volvo: Key Employees
Table 11: AB Volvo: Key Employees Continued
Table 12: Hyundai Motor Company: key facts
Table 13: Hyundai Motor Company: Annual Financial Ratios
Table 14: Hyundai Motor Company: Key Employees
Table 15: Hyundai Motor Company: Key Employees Continued
Table 16: KG Mobility Co Ltd: key facts
Table 17: KG Mobility Co Ltd: Annual Financial Ratios
Table 18: KG Mobility Co Ltd: Key Employees
Table 19: Tata Motors Limited: key facts
Table 20: Tata Motors Limited: Annual Financial Ratios
Table 21: Tata Motors Limited: Key Employees
Table 22: South Korea size of population (million), 2019-23
Table 23: South Korea gdp (constant 2005 prices, $ billion), 2019-23
Table 24: South Korea gdp (current prices, $ billion), 2019-23
Table 25: South Korea inflation, 2019-23
Table 26: South Korea consumer price index (absolute), 2019-23
Table 27: South Korea exchange rate, 2019-23
LIST OF FIGURES
Figure 1: South Korea medium & heavy trucks market value: $ billion, 2018-23
Figure 2: South Korea medium & heavy trucks market volume: thousand units, 2018-23
Figure 3: South Korea medium & heavy trucks market category segmentation: thousand units, 2018-2023
Figure 4: South Korea medium & heavy trucks market geography segmentation: % share, by value, 2023
Figure 5: South Korea medium & heavy trucks market value forecast: $ billion, 2023-28
Figure 6: South Korea medium & heavy trucks market volume forecast: thousand units, 2023-28
Figure 7: Forces driving competition in the medium & heavy trucks market in South Korea, 2023
Figure 8: Drivers of buyer power in the medium & heavy trucks market in South Korea, 2023
Figure 9: Drivers of supplier power in the medium & heavy trucks market in South Korea, 2023
Figure 10: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in South Korea, 2023
Figure 11: Factors influencing the threat of substitutes in the medium & heavy trucks market in South Korea, 2023
Figure 12: Drivers of degree of rivalry in the medium & heavy trucks market in South Korea, 2023
Figure 1: South Korea medium & heavy trucks market value: $ billion, 2018-23
Figure 2: South Korea medium & heavy trucks market volume: thousand units, 2018-23
Figure 3: South Korea medium & heavy trucks market category segmentation: thousand units, 2018-2023
Figure 4: South Korea medium & heavy trucks market geography segmentation: % share, by value, 2023
Figure 5: South Korea medium & heavy trucks market value forecast: $ billion, 2023-28
Figure 6: South Korea medium & heavy trucks market volume forecast: thousand units, 2023-28
Figure 7: Forces driving competition in the medium & heavy trucks market in South Korea, 2023
Figure 8: Drivers of buyer power in the medium & heavy trucks market in South Korea, 2023
Figure 9: Drivers of supplier power in the medium & heavy trucks market in South Korea, 2023
Figure 10: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in South Korea, 2023
Figure 11: Factors influencing the threat of substitutes in the medium & heavy trucks market in South Korea, 2023
Figure 12: Drivers of degree of rivalry in the medium & heavy trucks market in South Korea, 2023
