With production value of USD2.2 billion, South Korea accounts for 2.0% of the Asia Pacific total in 2024. The industry’s exports share increases in 2024 to 33.8% of total production output. The industry’s profitability decreases and stands at 9.2% of production value in 2024, the 13th highest regionally. The costs of the industry increase by 1.7% in 2024, largely driven by rising B2B costs. The total number of companies increases in 2024, to 446 units. The industry is fragmented, with the top five companies generating 49.2% of total production value in 2024. Hyundai Rotem Co is the largest company in South Korea, generating 38.4% of the industry’s total production value in 2024. South Korea has the fifth largest market size for railway and tramway locomotives and rolling stock regionally, with demand reaching USD1.8 billion in 2024. Investments drive market demand, with investments representing 55.5% of total demand in 2024. The market is dominated by domestic suppliers, as imports account for 14.9% of total market size in 2024.
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Overview:
This Euromonitor industrial report provides unique information on Railway and Tramway Locomotives and Rolling Stock in South Korea: ISIC 352. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Railway and Tramway Locomotives and Rolling Stock in South Korea: ISIC 352 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?
Railway and Tramway Locomotives and Rolling Stock in South Korea: ISIC 352
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.
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- 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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