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.
Scope
- 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
Reasons to Buy
- 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?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Hyundai Motor Company
- Bayerische Motoren Werke AG
- Mercedes-Benz Group AG.
- Renault–Nissan–Mitsubishi Alliance
