Luxury Cars in South Korea

February 2019 | 15 pages | ID: L08ADD41717EN
Euromonitor International Ltd

Abstracts

Small four-door vehicles and small SUVs were the most popular luxury car formats in 2018, among younger consumers and families with children respectively. The strong car frame is the most appealing point for consumers who choose small SUVs. Small sized cars are preferred in South Korea, as large cars are not well suited to domestic roads, which are much narrower than in Western countries, and parking spaces are limited. Although consumers have the desire to own a large four-door luxury car, this...

Euromonitor International's Luxury Cars in South Korea report offers a comprehensive guide to the size and shape of the Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Cars retailing along with the development of consumers’ shopping patterns. Forecasts to 2023 illustrate how the market is set to change

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Luxury Cars market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

Headlines
Prospects
Luxury Cars in South Korea Show Highly Uniform Trend
Special Consumption Tax Policy Works Benefits Luxury Cars
Setting Up Standards for Electric Cars Remains An Issue
Competitive Landscape
Audi Seeks Recovery After Lengthy Sales Ban
Bmw Facing Significant Sales Drop in 2018
Category Data
  Table 1 Sales of Luxury Cars: Value 2013-2018
  Table 2 Sales of Luxury Cars: % Value Growth 2013-2018
  Table 3 NBO Company Shares of Luxury Cars: % Value 2013-2017
  Table 4 LBN Brand Shares of Luxury Cars: % Value 2014-2017
  Table 5 Forecast Sales of Luxury Cars: Value 2018-2023
  Table 6 Forecast Sales of Luxury Cars: % Value Growth 2018-2023
Executive Summary
Strong and Steady Domestic Demand Supports Luxury Goods in 2018
Luxury Goods Appeal To Many Consumers
Daimler AG Leads Luxury Goods in 2017
Retailing Disruptors Work As A Blind Spot for Luxury Goods
Retail Value Growth and Government Support Expected
Market Indicators
  Table 7 Number of High Net Worth Individuals (HNWI): 2013-2018
Market Data
  Table 8 Sales of Luxury Goods by Category: Value 2013-2018
  Table 9 Sales of Luxury Goods by Category: % Value Growth 2013-2018
  Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
  Table 11 NBO Company Shares of Luxury Goods: % Value 2013-2017
  Table 12 LBN Brand Shares of Luxury Goods: % Value 2014-2017
  Table 13 Distribution of Luxury Goods by Format and Category: % Value 2018
  Table 14 Forecast Sales of Luxury Goods by Category: Value 2018-2023
  Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023
Sources
  Summary 1 Research Sources