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 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Medium & Heavy Trucks in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2020-25, and forecast to 2030). 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 a revenue of $16.1 billion in 2025, representing a negative compound annual growth rate (CAGR) of 5.7% between 2020 and 2025.
- Market consumption volumes declined with a negative CAGR of 7.3% between 2020 and 2025, reaching a total of 197.2 thousand units in 2025.
- In 2025, the market value recorded an annual growth of 3.4%. This growth was attributed to the increase in exports in the country.
- 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 2025?
- What will be the size of the South Korea medium & heavy trucks market in 2030?
- 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?
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 are the strengths of the leading players?
7.3. What are the strategies followed by the leading players?
7.4. What are the recent developments in the market?
8 COMPANY PROFILES
8.1. Hyundai Motor Company Australia Pty Ltd
8.2. Kia Corp
8.3. AB Volvo
8.4. Tata Motors 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
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 are the strengths of the leading players?
7.3. What are the strategies followed by the leading players?
7.4. What are the recent developments in the market?
8 COMPANY PROFILES
8.1. Hyundai Motor Company Australia Pty Ltd
8.2. Kia Corp
8.3. AB Volvo
8.4. Tata Motors 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 medium & heavy trucks market value: $ billion, 2020-25
Table 2: South Korea medium & heavy trucks market volume: thousand units, 2020-25
Table 3: South Korea medium & heavy trucks market category segmentation: % share, by volume, 2020-25
Table 4: South Korea medium & heavy trucks market category segmentation: thousand units, 2020-25
Table 5: South Korea medium & heavy trucks market geography segmentation: $ billion, 2025
Table 6: South Korea medium & heavy trucks market value forecast: $ billion, 2025-30
Table 7: South Korea medium & heavy trucks market volume forecast: thousand units, 2025-30
Table 8: Hyundai Motor Company Australia Pty Ltd: Key Facts
Table 9: Hyundai Motor Company Australia Pty Ltd: Key Employees
Table 10: Kia Corp: Key Facts
Table 11: Kia Corp: Annual Financial Ratios
Table 12: Kia Corp: Key Employees
Table 13: AB Volvo: Key Facts
Table 14: AB Volvo: Annual Financial Ratios
Table 15: AB Volvo: Key Employees
Table 16: AB Volvo: Key Employees Continued
Table 17: Tata Motors Ltd: Key Facts
Table 18: South Korea Size of Population (Million), 2021-25
Table 19: South Korea Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 20: South Korea GDP (Current Prices, $ Billion), 2021-25
Table 21: South Korea Inflation, 2021-25
Table 22: South Korea Consumer Price Index (Absolute), 2021-25
Table 23: South Korea Exchange Rate, 2020-25
Table 1: South Korea medium & heavy trucks market value: $ billion, 2020-25
Table 2: South Korea medium & heavy trucks market volume: thousand units, 2020-25
Table 3: South Korea medium & heavy trucks market category segmentation: % share, by volume, 2020-25
Table 4: South Korea medium & heavy trucks market category segmentation: thousand units, 2020-25
Table 5: South Korea medium & heavy trucks market geography segmentation: $ billion, 2025
Table 6: South Korea medium & heavy trucks market value forecast: $ billion, 2025-30
Table 7: South Korea medium & heavy trucks market volume forecast: thousand units, 2025-30
Table 8: Hyundai Motor Company Australia Pty Ltd: Key Facts
Table 9: Hyundai Motor Company Australia Pty Ltd: Key Employees
Table 10: Kia Corp: Key Facts
Table 11: Kia Corp: Annual Financial Ratios
Table 12: Kia Corp: Key Employees
Table 13: AB Volvo: Key Facts
Table 14: AB Volvo: Annual Financial Ratios
Table 15: AB Volvo: Key Employees
Table 16: AB Volvo: Key Employees Continued
Table 17: Tata Motors Ltd: Key Facts
Table 18: South Korea Size of Population (Million), 2021-25
Table 19: South Korea Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 20: South Korea GDP (Current Prices, $ Billion), 2021-25
Table 21: South Korea Inflation, 2021-25
Table 22: South Korea Consumer Price Index (Absolute), 2021-25
Table 23: South Korea Exchange Rate, 2020-25
LIST OF FIGURES
Figure 1: South Korea medium & heavy trucks market value: $ billion, 2020-25
Figure 2: South Korea medium & heavy trucks market volume: thousand units, 2020-25
Figure 3: South Korea medium & heavy trucks market category segmentation: thousand units, 2020-25
Figure 4: South Korea medium & heavy trucks market geography segmentation: % share, by value, 2025
Figure 5: South Korea medium & heavy trucks market value forecast: $ billion, 2025-30
Figure 6: South Korea medium & heavy trucks market volume forecast: thousand units, 2025-30
Figure 7: Forces driving competition in the medium & heavy trucks market in South Korea, 2025
Figure 8: Drivers of buyer power in the medium & heavy trucks market in South Korea, 2025
Figure 9: Drivers of supplier power in the medium & heavy trucks market in South Korea, 2025
Figure 10: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in South Korea, 2025
Figure 11: Factors influencing the threat of substitutes in the medium & heavy trucks market in South Korea, 2025
Figure 12: Drivers of degree of rivalry in the medium & heavy trucks market in South Korea, 2025
Figure 1: South Korea medium & heavy trucks market value: $ billion, 2020-25
Figure 2: South Korea medium & heavy trucks market volume: thousand units, 2020-25
Figure 3: South Korea medium & heavy trucks market category segmentation: thousand units, 2020-25
Figure 4: South Korea medium & heavy trucks market geography segmentation: % share, by value, 2025
Figure 5: South Korea medium & heavy trucks market value forecast: $ billion, 2025-30
Figure 6: South Korea medium & heavy trucks market volume forecast: thousand units, 2025-30
Figure 7: Forces driving competition in the medium & heavy trucks market in South Korea, 2025
Figure 8: Drivers of buyer power in the medium & heavy trucks market in South Korea, 2025
Figure 9: Drivers of supplier power in the medium & heavy trucks market in South Korea, 2025
Figure 10: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in South Korea, 2025
Figure 11: Factors influencing the threat of substitutes in the medium & heavy trucks market in South Korea, 2025
Figure 12: Drivers of degree of rivalry in the medium & heavy trucks market in South Korea, 2025
