South Korea New Cars Market to 2027
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South Korea New Cars Market to 2027
Summary
New Cars in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
New Cars in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The market for new cars consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles.
- South Korea captured a share of 4.2% in the Asia-Pacific new cars market, in 2022.
- The South Korean new cars market had total revenues of $36.3 billion in 2022, representing a negative compound annual growth rate (CAGR) of 1.4% between 2017 and 2022.
- Market consumption volumes declined with a negative CAGR of 1.5% between 2017 and 2022, to reach a total of 1,423.9 thousand units in 2022.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in South Korea
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea new cars market with five year forecasts
- What was the size of the South Korea new cars market by value in 2022?
- What will be the size of the South Korea new cars market in 2027?
- What factors are affecting the strength of competition in the South Korea new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's new cars market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market share
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. 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. Market share
7.2. Who are the leading players?
7.3. What are the strengths of the leading players?
7.4. What strategies do the leading players follow?
8 COMPANY PROFILES
8.1. Hyundai Motor Company
8.2. Bayerische Motoren Werke AG
8.3. Mercedes-Benz Group AG.
8.4. Renault–Nissan–Mitsubishi Alliance
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. Geography segmentation
1.6. Market share
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. 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. Market share
7.2. Who are the leading players?
7.3. What are the strengths of the leading players?
7.4. What strategies do the leading players follow?
8 COMPANY PROFILES
8.1. Hyundai Motor Company
8.2. Bayerische Motoren Werke AG
8.3. Mercedes-Benz Group AG.
8.4. Renault–Nissan–Mitsubishi Alliance
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 new cars market value: $ billion, 2017–22
Table 2: South Korea new cars market volume: units, 2017–22
Table 3: South Korea new cars market geography segmentation: $ billion, 2022
Table 4: South Korea new cars market value forecast: $ billion, 2022–27
Table 5: South Korea new cars market volume forecast: units, 2022–27
Table 6: South Korea new cars market share: % share, by volume, 2022
Table 7: Hyundai Motor Company: key facts
Table 8: Hyundai Motor Company: Annual Financial Ratios
Table 9: Hyundai Motor Company: Key Employees
Table 10: Hyundai Motor Company: Key Employees Continued
Table 11: Bayerische Motoren Werke AG: key facts
Table 12: Bayerische Motoren Werke AG: Annual Financial Ratios
Table 13: Bayerische Motoren Werke AG: Key Employees
Table 14: Mercedes-Benz Group AG.: key facts
Table 15: Mercedes-Benz Group AG.: Annual Financial Ratios
Table 16: Mercedes-Benz Group AG.: Key Employees
Table 17: Mercedes-Benz Group AG.: Key Employees Continued
Table 18: Renault–Nissan–Mitsubishi Alliance: key facts
Table 19: South Korea size of population (million), 2018–22
Table 20: South Korea gdp (constant 2005 prices, $ billion), 2018–22
Table 21: South Korea gdp (current prices, $ billion), 2018–22
Table 22: South Korea inflation, 2018–22
Table 23: South Korea consumer price index (absolute), 2018–22
Table 24: South Korea exchange rate, 2018–22
Table 1: South Korea new cars market value: $ billion, 2017–22
Table 2: South Korea new cars market volume: units, 2017–22
Table 3: South Korea new cars market geography segmentation: $ billion, 2022
Table 4: South Korea new cars market value forecast: $ billion, 2022–27
Table 5: South Korea new cars market volume forecast: units, 2022–27
Table 6: South Korea new cars market share: % share, by volume, 2022
Table 7: Hyundai Motor Company: key facts
Table 8: Hyundai Motor Company: Annual Financial Ratios
Table 9: Hyundai Motor Company: Key Employees
Table 10: Hyundai Motor Company: Key Employees Continued
Table 11: Bayerische Motoren Werke AG: key facts
Table 12: Bayerische Motoren Werke AG: Annual Financial Ratios
Table 13: Bayerische Motoren Werke AG: Key Employees
Table 14: Mercedes-Benz Group AG.: key facts
Table 15: Mercedes-Benz Group AG.: Annual Financial Ratios
Table 16: Mercedes-Benz Group AG.: Key Employees
Table 17: Mercedes-Benz Group AG.: Key Employees Continued
Table 18: Renault–Nissan–Mitsubishi Alliance: key facts
Table 19: South Korea size of population (million), 2018–22
Table 20: South Korea gdp (constant 2005 prices, $ billion), 2018–22
Table 21: South Korea gdp (current prices, $ billion), 2018–22
Table 22: South Korea inflation, 2018–22
Table 23: South Korea consumer price index (absolute), 2018–22
Table 24: South Korea exchange rate, 2018–22
LIST OF FIGURES
Figure 1: South Korea new cars market value: $ billion, 2017–22
Figure 2: South Korea new cars market volume: units, 2017–22
Figure 3: South Korea new cars market geography segmentation: % share, by value, 2022
Figure 4: South Korea new cars market value forecast: $ billion, 2022–27
Figure 5: South Korea new cars market volume forecast: units, 2022–27
Figure 6: Forces driving competition in the new cars market in South Korea, 2022
Figure 7: Drivers of buyer power in the new cars market in South Korea, 2022
Figure 8: Drivers of supplier power in the new cars market in South Korea, 2022
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in South Korea, 2022
Figure 10: Factors influencing the threat of substitutes in the new cars market in South Korea, 2022
Figure 11: Drivers of degree of rivalry in the new cars market in South Korea, 2022
Figure 12: South Korea new cars market share: % share, by volume, 2022
Figure 1: South Korea new cars market value: $ billion, 2017–22
Figure 2: South Korea new cars market volume: units, 2017–22
Figure 3: South Korea new cars market geography segmentation: % share, by value, 2022
Figure 4: South Korea new cars market value forecast: $ billion, 2022–27
Figure 5: South Korea new cars market volume forecast: units, 2022–27
Figure 6: Forces driving competition in the new cars market in South Korea, 2022
Figure 7: Drivers of buyer power in the new cars market in South Korea, 2022
Figure 8: Drivers of supplier power in the new cars market in South Korea, 2022
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in South Korea, 2022
Figure 10: Factors influencing the threat of substitutes in the new cars market in South Korea, 2022
Figure 11: Drivers of degree of rivalry in the new cars market in South Korea, 2022
Figure 12: South Korea new cars market share: % share, by volume, 2022