Car Rental (Self Drive) in South Korea - Market Summary, Competitive Analysis and Forecast to 2025
Car Rental (Self Drive) in South Korea - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Car Rental in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
SUMMARY
Car Rental in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
- The car rental market is defined as revenues generated by car rental companies for self-drive cars for hire. The market value is made up of car rentals for business, leisure purposes and Insurance replacement. Market volumes represent the size of the rental car fleet within the respective countries. The calculation excludes leasing and long term rentals. Taxis/cabs or any other passenger vehicles driven by drivers are excluded from the calculation. The distribution channels are represented by airport and non airport locations calculated for leisure and business segments only. Other distribution channel represents the value of the fleet rented for insurance purpose. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2020 annual average exchange rates.
- The South Korean car rental market had total revenues of $939.1m in 2020, representing a compound annual rate of change (CARC) of -17.8% between 2016 and 2020.
- Market consumption volumes declined with a CARC of -9.3% between 2016 and 2020, to reach a total fleet size of 131,000 in 2020.
- Domestic and international tourism saw a marked decline in 2020 due to travel restrictions and lockdowns, which impacted the car rental market.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the car rental market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car rental market in South Korea
- Leading company profiles reveal details of key car rental market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea car rental market with five year forecasts
- What was the size of the South Korea car rental market by value in 2020?
- What will be the size of the South Korea car rental market in 2025?
- What factors are affecting the strength of competition in the South Korea car rental market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's car rental 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
4.3. Market distribution
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?
7.2. Which players have been most successful in the recent past (1-3 years)?
7.3. How are companies using technology to gain market share?
7.4. How have leading players been impacted by the COVID-19 pandemic?
8 COMPANY PROFILES
8.1. SK Rent A Car Co Ltd
8.2. Avis Budget Group Inc
8.3. Sixt SE
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
4.3. Market distribution
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?
7.2. Which players have been most successful in the recent past (1-3 years)?
7.3. How are companies using technology to gain market share?
7.4. How have leading players been impacted by the COVID-19 pandemic?
8 COMPANY PROFILES
8.1. SK Rent A Car Co Ltd
8.2. Avis Budget Group Inc
8.3. Sixt SE
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 car rental market value: $ million, 2016-20
Table 2: South Korea car rental market volume: Fleet size, 2016-20
Table 3: South Korea car rental market category segmentation: $ million, 2020
Table 4: South Korea car rental market geography segmentation: $ million, 2020
Table 5: South Korea car rental market distribution: % share, by value, 2020
Table 6: South Korea car rental market value forecast: $ million, 2020-25
Table 7: South Korea car rental market volume forecast: Fleet size, 2020-25
Table 8: SK Rent A Car Co Ltd: key facts
Table 9: SK Rent A Car Co Ltd: Annual Financial Ratios
Table 10: SK Rent A Car Co Ltd: Key Employees
Table 11: Avis Budget Group Inc: key facts
Table 12: Avis Budget Group Inc: Annual Financial Ratios
Table 13: Avis Budget Group Inc: Key Employees
Table 14: Sixt SE: key facts
Table 15: Sixt SE: Annual Financial Ratios
Table 16: Sixt SE: Key Employees
Table 17: South Korea size of population (million), 2016-20
Table 18: South Korea gdp (constant 2005 prices, $ billion), 2016-20
Table 19: South Korea gdp (current prices, $ billion), 2016-20
Table 20: South Korea inflation, 2016-20
Table 21: South Korea consumer price index (absolute), 2016-20
Table 22: South Korea exchange rate, 2016-20
Table 1: South Korea car rental market value: $ million, 2016-20
Table 2: South Korea car rental market volume: Fleet size, 2016-20
Table 3: South Korea car rental market category segmentation: $ million, 2020
Table 4: South Korea car rental market geography segmentation: $ million, 2020
Table 5: South Korea car rental market distribution: % share, by value, 2020
Table 6: South Korea car rental market value forecast: $ million, 2020-25
Table 7: South Korea car rental market volume forecast: Fleet size, 2020-25
Table 8: SK Rent A Car Co Ltd: key facts
Table 9: SK Rent A Car Co Ltd: Annual Financial Ratios
Table 10: SK Rent A Car Co Ltd: Key Employees
Table 11: Avis Budget Group Inc: key facts
Table 12: Avis Budget Group Inc: Annual Financial Ratios
Table 13: Avis Budget Group Inc: Key Employees
Table 14: Sixt SE: key facts
Table 15: Sixt SE: Annual Financial Ratios
Table 16: Sixt SE: Key Employees
Table 17: South Korea size of population (million), 2016-20
Table 18: South Korea gdp (constant 2005 prices, $ billion), 2016-20
Table 19: South Korea gdp (current prices, $ billion), 2016-20
Table 20: South Korea inflation, 2016-20
Table 21: South Korea consumer price index (absolute), 2016-20
Table 22: South Korea exchange rate, 2016-20
LIST OF FIGURES
Figure 1: South Korea car rental market value: $ million, 2016-20
Figure 2: South Korea car rental market volume: Fleet size, 2016-20
Figure 3: South Korea car rental market category segmentation: % share, by value, 2020
Figure 4: South Korea car rental market geography segmentation: % share, by value, 2020
Figure 5: South Korea car rental market distribution: % share, by value, 2020
Figure 6: South Korea car rental market value forecast: $ million, 2020-25
Figure 7: South Korea car rental market volume forecast: Fleet size, 2020-25
Figure 8: Forces driving competition in the car rental market in South Korea, 2020
Figure 9: Drivers of buyer power in the car rental market in South Korea, 2020
Figure 10: Drivers of supplier power in the car rental market in South Korea, 2020
Figure 11: Factors influencing the likelihood of new entrants in the car rental market in South Korea, 2020
Figure 12: Factors influencing the threat of substitutes in the car rental market in South Korea, 2020
Figure 13: Drivers of degree of rivalry in the car rental market in South Korea, 2020
Figure 1: South Korea car rental market value: $ million, 2016-20
Figure 2: South Korea car rental market volume: Fleet size, 2016-20
Figure 3: South Korea car rental market category segmentation: % share, by value, 2020
Figure 4: South Korea car rental market geography segmentation: % share, by value, 2020
Figure 5: South Korea car rental market distribution: % share, by value, 2020
Figure 6: South Korea car rental market value forecast: $ million, 2020-25
Figure 7: South Korea car rental market volume forecast: Fleet size, 2020-25
Figure 8: Forces driving competition in the car rental market in South Korea, 2020
Figure 9: Drivers of buyer power in the car rental market in South Korea, 2020
Figure 10: Drivers of supplier power in the car rental market in South Korea, 2020
Figure 11: Factors influencing the likelihood of new entrants in the car rental market in South Korea, 2020
Figure 12: Factors influencing the threat of substitutes in the car rental market in South Korea, 2020
Figure 13: Drivers of degree of rivalry in the car rental market in South Korea, 2020
