With production value of USD233 billion, South Korea accounts for 10.2% of the Asia Pacific total in 2024. The industry’s exports share increases in 2024 to 41.3% of total production output. The industry’s profitability decreases and stands at 10.3% of production value in 2024, the 10th highest regionally. The costs of the industry increase by 14.6% in 2024, largely driven by rising B2B costs. The total number of companies increases in 2024, to 15,678 units. The industry is fragmented, with the top five companies generating 42.6% of total production value in 2024. Hyundai Motor Co Ltd is the largest company in South Korea, generating 20.4% of the industry’s total production value in 2024. South Korea has the fourth largest market size for motor vehicles and parts regionally, with demand reaching USD170 billion in 2024. B2B drives market demand, with B2B spending representing 63.8% of total demand in 2024. The market is dominated by domestic suppliers, as imports account for 12.7% of total market size in 2024.
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Overview:
This Euromonitor industrial report provides unique information on Motor Vehicles and Parts in South Korea: ISIC 34. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Motor Vehicles and Parts in South Korea: ISIC 34 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Transport Equipment in South Korea report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
This report answers:
- What is the turnover of the Transport Equipment?
- How the Transport Equipment will perform in the future?
- Which categories are driving industry's growth?
- Which factors will shape industry’s performance?
- What is the industry’s costs and demand structure?
- How profitable is the industry?
- Is industry’s competitive landscape concentrated or fragmented?
Motor Vehicles and Parts in South Korea: ISIC 34
HEADLINES
MARKET OVERVIEW
Transport Equipment
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
See all of our definitionsBuy this report to:
- Understand future opportunities and threats within the industry
- Track demand and supply structure
- Understand competitive landscape of the industry
- Inform market, strategy development and supply functions
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