South Korea Automotive Market, Size, Share, Outlook and Growth Opportunities 2022-2030
Xxxx Automotive Market Overview, Size, Growth Outlook To 2030
South Korea automotive market is witnessing a strong rebound in demand from the COVID downturn and Post-COVID supply chain bottlenecks. The market is expected to grow at a significant CAGR between 2023 and 2030.
The South Korea Automotive Market, Size, Share, Outlook and Growth Opportunities 2022-2030 report presents a comprehensive analysis of the country’s automotive market. South Korea passenger car sales outlook and South Korea commercial vehicle demand are forecast during the period. Further, vehicle production is forecast from 2023 to 2030.
This OG Analysis report covers the 2022 scenario and growth prospects of the South Korea Automotive market for 2021-2030. To calculate the market size, revenue from the market sales of Passenger cars, light commercial vehicles and heavy commercial vehicles is considered.
South Korea Automotive Market Trends, Opportunities And Challenges
Key trends and critical insights into South Korea Automotive markets along with key drivers, restraints and growth opportunities are presented in the report.
Increasing adoptions of electric vehicles and spiking demand for advanced safety, connectivity, convenience and driver assist features are noted to shape the modern automotive industry in South Korea. Increasing battery efficiency and EV charging infrastructure, and handling chip Shortages are potential challenges for Auto Manufacturers.
OEM manufacturers are planning to expand their production bases in South Korea. The government of South Korea also prioritizes the automotive segment as a key revenue generator and is encouraging the flow of FDIs in the automotive industry.
South Korea is one of the most promising and fastest-growing automobile markets in the region. South Korea automobile industry is supported by multiple factors such as labor availability, R&D efforts, geographic advantage and government support. With a positive outlook for the economy and greater household purchasing power, automobile sales in the country are set to witness a strong surge in sales by 2030.
South Korea Automotive Market Competitive Landscape
The report analyses key players in the South Korea Automotive Market with detailed SWOT and financial analysis and their strategies for 2030.
New players continue to foray into the market, in particular in the low-price vehicle segment with the number of sales increasing at robust growth rates. Passenger cars and light commercial vehicles are also witnessing a steady increase in demand.
The ongoing trend towards modernization and automation of Automotives to electric and hybrid cars, growth from emerging economies- compensating decline from mature markets, the focus is on the user, increasing penetration of autonomous vehicles, and others are supporting countries worldwide to strengthen their Automotive markets.
However, increased risk of new disruptive business models, falling margins and rising investment, long-term market volatilities, and vehicle retreats from globalization pose significant challenges to growth.
Cost-effective models tend to witness strong success as the majority of car buyers segment includes the middle class. Further, strong customer support and availability of cheap spare parts gain high priority for purchases in the cars segment
The South Korea Automotive Market research identifies that the competition continues to intensify year-on-year with the introduction of new models and brand availability.
The global automotive market is poised to register strong growth with light vehicle sales increasing from around 95 million to over 106 million between 2019 and 2025.
South Korea Automotive market is compared against five of its competitive markets in the region to analyze the role of South Korea on the regional front and benchmark its operations.
Global Automotive, Asia Pacific, Europe, Middle East Africa, North America and Latin America Automotive market outlook is also presented in the report to provide a global perspective of the industry.
South Korea population and economic outlook are also presented in the report to provide insights and forecasts of macroeconomic factors shaping the future of South Korea Automotive markets.
Further, business and SWOT profiles of three of the leading Automotive companies in South Korea are detailed in the report along with recent developments and their impact on overall market growth.
South Korea automotive market is witnessing a strong rebound in demand from the COVID downturn and Post-COVID supply chain bottlenecks. The market is expected to grow at a significant CAGR between 2023 and 2030.
The South Korea Automotive Market, Size, Share, Outlook and Growth Opportunities 2022-2030 report presents a comprehensive analysis of the country’s automotive market. South Korea passenger car sales outlook and South Korea commercial vehicle demand are forecast during the period. Further, vehicle production is forecast from 2023 to 2030.
This OG Analysis report covers the 2022 scenario and growth prospects of the South Korea Automotive market for 2021-2030. To calculate the market size, revenue from the market sales of Passenger cars, light commercial vehicles and heavy commercial vehicles is considered.
South Korea Automotive Market Trends, Opportunities And Challenges
Key trends and critical insights into South Korea Automotive markets along with key drivers, restraints and growth opportunities are presented in the report.
Increasing adoptions of electric vehicles and spiking demand for advanced safety, connectivity, convenience and driver assist features are noted to shape the modern automotive industry in South Korea. Increasing battery efficiency and EV charging infrastructure, and handling chip Shortages are potential challenges for Auto Manufacturers.
OEM manufacturers are planning to expand their production bases in South Korea. The government of South Korea also prioritizes the automotive segment as a key revenue generator and is encouraging the flow of FDIs in the automotive industry.
South Korea is one of the most promising and fastest-growing automobile markets in the region. South Korea automobile industry is supported by multiple factors such as labor availability, R&D efforts, geographic advantage and government support. With a positive outlook for the economy and greater household purchasing power, automobile sales in the country are set to witness a strong surge in sales by 2030.
South Korea Automotive Market Competitive Landscape
The report analyses key players in the South Korea Automotive Market with detailed SWOT and financial analysis and their strategies for 2030.
New players continue to foray into the market, in particular in the low-price vehicle segment with the number of sales increasing at robust growth rates. Passenger cars and light commercial vehicles are also witnessing a steady increase in demand.
The ongoing trend towards modernization and automation of Automotives to electric and hybrid cars, growth from emerging economies- compensating decline from mature markets, the focus is on the user, increasing penetration of autonomous vehicles, and others are supporting countries worldwide to strengthen their Automotive markets.
However, increased risk of new disruptive business models, falling margins and rising investment, long-term market volatilities, and vehicle retreats from globalization pose significant challenges to growth.
Cost-effective models tend to witness strong success as the majority of car buyers segment includes the middle class. Further, strong customer support and availability of cheap spare parts gain high priority for purchases in the cars segment
The South Korea Automotive Market research identifies that the competition continues to intensify year-on-year with the introduction of new models and brand availability.
The global automotive market is poised to register strong growth with light vehicle sales increasing from around 95 million to over 106 million between 2019 and 2025.
South Korea Automotive market is compared against five of its competitive markets in the region to analyze the role of South Korea on the regional front and benchmark its operations.
Global Automotive, Asia Pacific, Europe, Middle East Africa, North America and Latin America Automotive market outlook is also presented in the report to provide a global perspective of the industry.
South Korea population and economic outlook are also presented in the report to provide insights and forecasts of macroeconomic factors shaping the future of South Korea Automotive markets.
Further, business and SWOT profiles of three of the leading Automotive companies in South Korea are detailed in the report along with recent developments and their impact on overall market growth.
1. INTRODUCTION
1.1 Market Scope and Definition
1.2 Study Assumptions
1.3 Research Methodology
2. SOUTH KOREA AUTOMOTIVE MARKET INSIGHTS
2.1 Industry Overview, 2022
2.2 South Korea Total Automotive Market Value Outlook, 2019- 2030
2.3 South Korea Automotive Market Trends and Insights
2.4 Key strategies Planned by Market Leaders
2.5 SWOT Analysis
2.5.1 Key Strengths
2.5.2 Key Weaknesses
2.5.3 Potential Opportunities
2.5.4 Potential Threats
3. SOUTH KOREA AUTOMOTIVE PRODUCTION OUTLOOK TO 2030
3.1 South Korea Passenger Cars Production Outlook
3.2 South Korea Commercial Vehicles Production Outlook
4. SOUTH KOREA AUTOMOTIVE DEMAND OUTLOOK TO 2030
4.1 South Korea Passenger Cars Demand Outlook, Tonnes, 2019- 2030
4.2 South Korea Commercial Vehicles Demand Outlook, Tonnes, 2019- 2030
5. SOUTH KOREA AUTOMOTIVE INDUSTRY BENCHMARKING
5.1 Overall Ranking
5.2 Demand Index
5.3 Supply Index
5.4 Growth Index
6. SWOT PROFILES OF AUTOMOTIVE COMPANIES IN SOUTH KOREA
6.1 Company A
6.2 Company B
6.3 Company C
7. SOUTH KOREA DEMOGRAPHIC AND MACROECONOMIC OUTLOOK TO 2030
7.1 South Korea GDP (Gross Domestic Product, Current Prices) Outlook, 2019- 2030
7.2 South Korea Disposable Income Outlook, 2019-2030
7.3 South Korea Population Growth Outlook, 2019-2030
7.4 Population Outlook by Age, 2019-2030
7.4.1 Population Outlook by Gender, 2019-2030
7.4.2 Population Outlook by Area, 2019-2030
8. GLOBAL AUTOMOTIVE MARKET SIZE OUTLOOK AND OPPORTUNITIES TO 2030
8.1 Global Automotive Market Outlook, $ Billion, 2019- 2030
8.2 Global Passenger Cars Market Outlook, $ Billion, 2019- 2030
8.3 Global Light Commercial Vehicles Market Outlook, $ Billion, 2019- 2030
8.4 Global Heavy Commercial Vehicles Market Outlook, $ Billion, 2019- 2030
8.5 Global Automotive Market Outlook by Region, $ Billion, 2019- 2030
8.4.1 Asia Pacific Automotive Market Outlook, $ Billion, 2019- 2030
8.4.1 Europe Automotive Market Outlook, $ Billion, 2019- 2030
8.4.1 North America Automotive Market Outlook, $ Billion, 2019- 2030
8.4.1 South and Central America Automotive Market Outlook, $ Billion, 2019- 2030
8.4.1 Middle East and Africa Automotive Market Outlook, $ Billion, 2019- 2030
9. LATEST AUTOMOTIVE INDUSTRY TRENDS AND DEVELOPMENTS
10. APPENDIX
10.1 OG Analysis Expertise
10.2 Sources and Research Methodology
10.3 Contacts
1.1 Market Scope and Definition
1.2 Study Assumptions
1.3 Research Methodology
2. SOUTH KOREA AUTOMOTIVE MARKET INSIGHTS
2.1 Industry Overview, 2022
2.2 South Korea Total Automotive Market Value Outlook, 2019- 2030
2.3 South Korea Automotive Market Trends and Insights
2.4 Key strategies Planned by Market Leaders
2.5 SWOT Analysis
2.5.1 Key Strengths
2.5.2 Key Weaknesses
2.5.3 Potential Opportunities
2.5.4 Potential Threats
3. SOUTH KOREA AUTOMOTIVE PRODUCTION OUTLOOK TO 2030
3.1 South Korea Passenger Cars Production Outlook
3.2 South Korea Commercial Vehicles Production Outlook
4. SOUTH KOREA AUTOMOTIVE DEMAND OUTLOOK TO 2030
4.1 South Korea Passenger Cars Demand Outlook, Tonnes, 2019- 2030
4.2 South Korea Commercial Vehicles Demand Outlook, Tonnes, 2019- 2030
5. SOUTH KOREA AUTOMOTIVE INDUSTRY BENCHMARKING
5.1 Overall Ranking
5.2 Demand Index
5.3 Supply Index
5.4 Growth Index
6. SWOT PROFILES OF AUTOMOTIVE COMPANIES IN SOUTH KOREA
6.1 Company A
6.2 Company B
6.3 Company C
7. SOUTH KOREA DEMOGRAPHIC AND MACROECONOMIC OUTLOOK TO 2030
7.1 South Korea GDP (Gross Domestic Product, Current Prices) Outlook, 2019- 2030
7.2 South Korea Disposable Income Outlook, 2019-2030
7.3 South Korea Population Growth Outlook, 2019-2030
7.4 Population Outlook by Age, 2019-2030
7.4.1 Population Outlook by Gender, 2019-2030
7.4.2 Population Outlook by Area, 2019-2030
8. GLOBAL AUTOMOTIVE MARKET SIZE OUTLOOK AND OPPORTUNITIES TO 2030
8.1 Global Automotive Market Outlook, $ Billion, 2019- 2030
8.2 Global Passenger Cars Market Outlook, $ Billion, 2019- 2030
8.3 Global Light Commercial Vehicles Market Outlook, $ Billion, 2019- 2030
8.4 Global Heavy Commercial Vehicles Market Outlook, $ Billion, 2019- 2030
8.5 Global Automotive Market Outlook by Region, $ Billion, 2019- 2030
8.4.1 Asia Pacific Automotive Market Outlook, $ Billion, 2019- 2030
8.4.1 Europe Automotive Market Outlook, $ Billion, 2019- 2030
8.4.1 North America Automotive Market Outlook, $ Billion, 2019- 2030
8.4.1 South and Central America Automotive Market Outlook, $ Billion, 2019- 2030
8.4.1 Middle East and Africa Automotive Market Outlook, $ Billion, 2019- 2030
9. LATEST AUTOMOTIVE INDUSTRY TRENDS AND DEVELOPMENTS
10. APPENDIX
10.1 OG Analysis Expertise
10.2 Sources and Research Methodology
10.3 Contacts
