1. Market Research
  2. > Automotive
  3. > Motor Vehicle Market Trends

New Cars in South Korea

  • September 2017
  • 45 pages
  • MarketLine
Report ID: 184831

Summary

Table of Contents

Search Inside

New Cars in South Korea

Summary
New Cars in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis
Essential resource for top-line data and analysis covering the South Korea new cars market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights
- The new cars market consists of the initial retail sale/registration of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s and other related vehicles. The market value is calculated at retail selling price (RSP) and the market volume is given in terms of units sold. Market shares consist of motor manufacturing groups as opposed to their individual brands, i.e. for the Volkswagen Group this includes all of its brands such as Volkswagen, Audi, Skoda, Seat etc. Any currency conversions used in this report have been calculated at constant 2016 annual average exchange rates.
- The South Korean new cars market had total revenues of $55.4bn in 2016, representing a compound annual rate of change (CARC) of 7.6% between 2012 and 2016.
- Market consumption volume increased with a CAGR of 5.1% between 2012 and 2016, to reach a total of 1,533.8 thousand units in 2016.
- Sales in the South Korean market reached a peak in 2015, driven by a temporary cut in excise taxes and high consumer confidence. In 2016, the demand was stagnant as consumer confidence suffered due to political uncertainty and growth deceleration of the economy. Additionally, a stricter law framework on taxation of business cars also hit demand as the loophole that allowed private owners to register their cars as business cars to pay concessionary tax rates was closed.

Scope
- Save time carrying out entry-level research by identifying the size, growth, 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 by both value and volume

Reasons to buy
- What was the size of the South Korea new cars market by value in 2016?
- What will be the size of the South Korea new cars market in 2021?
- 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?
- Who are the top competitiors in South Korea’s new cars market?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Future of Flying Cars, 2017–2035

  • $ 7500
  • Industry report
  • May 2017
  • by Frost & Sullivan

Over 10 Companies Poised to Launch Flying Cars by 2022, with OEMs and Other Major Industry Participants Set to Join them with Prototypes in the Following 5 Years This study provides a comprehensive insight ...

Automotive Relay Market by Type, Load & Application, ICE & EV, and 48V Relay Market - Global Forecast to 2022

  • $ 5650
  • Industry report
  • June 2017
  • by MarketsandMarkets

“Increasing modernization of vehicles and stringent government norms regarding safety and comfort will drive the automotive relay market” The automotive relay market is projected to grow at a CAGR ...

Ride Hailing Market By Service Type, Data Service, Connectivity, Vehicle Type & Region Global Forecast to 2025

  • $ 5650
  • Industry report
  • July 2017
  • by MarketsandMarkets

“Growing need for personal mobility in wake of rising urbanization and fall in car ownership are expected to fuel the demand for Ride Hailing” The Ride hailing market is projected to grow at a CAGR ...

Global Automotive Eps Market

July 2017 $ 4250

ref:plp2017

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.