Press release
2019 Future of South Korea Automobile Market- Trends Outlook and Growth Opportunities, Business, SWOT and Financial Profiles of Leading Companies
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Companies across the value chain are forced to adapt to market changes to sustain revenue and profit. New Vehicles must be aligned with the current states of technology and consumer preferences.
Geographical diversification model remains one of the main strategies of leading automobile manufacturers to ensure profitability in high investment and R&D expenditure scenario. Both large players and start-ups are aggressively focusing on connected and autonomous driving vehicles in the country.
Strong government focus on encouraging automotive industry in the country is an important driving force for South Korea. However, stringent environmental regulations on pollution and carbon emissions are necessitating heavy investments.
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Report Description-
The future value proposition for automotive market in South Korea to 2025 is detailed in the research work. It also provides imperatives for gaining market share in South Korea automobile industry. It presents detailed insights and forecasts of passenger cars, light commercial vehicles and heavy commercial vehicles.
The research work includes detailed SWOT analysis of South Korea automotive market to enable users to identify key trends and hidden opportunities. It identifies emerging and new market trends across various vehicle types including passenger cars (PCs), LCVs, Heavy Trucks, Buses, Vans, Motor Cycles and others.
The report provides annual historic and forecast data of Passenger car sales, Commercial Vehicle sales, Passenger Car Production, LCV production, Buses and Trucks production from 2005 to 2018 and 2019 to 2026. Further, annual historic data on import and export market value of passenger cars, buses, LCVs and HCVs by source / destination country are included in the South Korea automobile report.
The report presents the impact of current business and economic trends on the future of automobile industry in South Korea. Key macroeconomic driving factors of consumption including GDP, disposable income, population, inflation trends are forecast from 2005 to 2025.
South Korea automobile market is benchmarked against peer markets in the region in terms of investment prospects, demand growth, supply scenario and competitive structure. Further, regional and global trends in automotive industry for 2018 to 2025 are analysed in the report.
Leading automobile companies having presence in South Korea automotive market are presented. Business Description, SWOT profiles, financial profiles and overview of South Korean automotive operations of three leading automotive companies is included. In addition, prominent recent developments and their impact on South Korea automotive industry are provided.
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Scope
- Key Findings of South Korea Automobile market and introduction - 2018
- Prominent South Korea market trends on sales, consumption, production, OEMs, distribution, regulations and companies
- Benchmarking with peer markets in the region
- SWOT analysis of South Korea Automotive market presenting key drivers and hidden opportunities
- Annual Supply and Demand (sales) outlook from 2005 to 2025 for-
- Passenger cars
- Light commercial vehicles
- Heavy trucks
- Buses
- Vans
- Motor cycles
- GDP, Population, Inflation, Disposable Income forecasts
- Business, SWOT and Financial Profiles of Leading Companies
- Recent Industry Developments, 2018
The report enables clients to
- Boost revenues from new and used car sales and services
- Identify key trends and hidden opportunities
- Gain clear understanding of the country automotive value chain
- Design sustainable and competitive strategies in times of rapid development
- Understand paradigm shift in consumer preferences
- Compare growth in South Korea automotive business with its peer markets
- Gain insights into the role of local legal and regulatory bodies in South Korea
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Pune, India
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