Key Market Indicators
Korean Commercial Vehicle registration is projected to decrease by 7% between 2021 and 2026, falling from 106,090 to 106,080 units. Since 2010, it has dropped by 18.2% year on year. In 2021, the country ranked 27th, with Romania ahead at 106,090 units. Mexico, Argentina, and Australia were numbers 2, 3, and 4 respectively. Korean Commercial Vehicle Production is expected to experience a 3.2% year-on-year CAGR decrease between 2021 and 2026, going from 227,670 to 200,310 units. Since 2002, the country’s supply has decreased by 3.5% year on year. In 2021, Italy was number one, with 227,670 units, while China, Mexico, and Canada were numbers 2, 3, and 4 respectively.
