Medium and Heavy Trucks in South Korea – Market Summary, Competitive Analysis and Forecast to 2025

Medium & Heavy Trucks in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– The medium and heavy trucks market includes commercial vehicles (CVs), buses and coaches (BCs), heavy commercial vehicles (HCVs) and heavy buses and coaches (HBCs). CVs and BCs weigh 3.51 to 16 tonnes and include pick-ups and vans where they fall into this weight range. HCVs and HBCs weigh over 16 tonnes; the converted trucks and buses are excluded. The market volume include the number of newly registrated vehicle in any given year. The market value is calculated in terms of average manufacturer selling price (MSP) against market volume, and excludes all taxes and levies. All market data and forecasts are represented in nominal terms (i.e. without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2020 annual average exchange rates.

– The South Korean medium & heavy trucks market had total revenues of $1.5bn in 2020, representing a compound annual growth rate (CAGR) of 1.6% between 2016 and 2020.

– Market consumption volume increased with a CAGR of 1% between 2016 and 2020, to reach a total of 38.8 thousand units in 2020.

– The South Korean medium & heavy trucks market declined sharply in 2020 as a result of the COVID-19 pandemic, with the volume of sales down by 6.9%.

Scope

– Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the medium & heavy trucks market in South Korea

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the medium & heavy trucks market in South Korea

– Leading company profiles reveal details of key medium & heavy trucks market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the South Korea medium & heavy trucks market with five year forecasts

Reasons to buy

- What was the size of the South Korea medium & heavy trucks market by value in 2020?

- What will be the size of the South Korea medium & heavy trucks market in 2025?

- What factors are affecting the strength of competition in the South Korea medium & heavy trucks market?

- How has the market performed over the last five years?

- What are the main segments that make up South Korea's medium & heavy trucks market?

Companies mentioned

Tata Motors Limited

SsangYong Motor Co Ltd

AB Volvo

Hyundai Motor Company

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Market volume

1.4. Market volume forecast

1.5. Category segmentation

1.6. Geography segmentation

1.7. Market rivalry

1.8. Competitive Landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

3.2. Market volume

4 Market Segmentation

4.1. Category segmentation

4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

5.2. Market volume forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?

7.2. What strategies do the leading players follow?

7.3. What recent M&A activity has this market seen?

8 Company Profiles

8.1. Tata Motors Limited

8.2. SsangYong Motor Co Ltd

8.3. AB Volvo

8.4. Hyundai Motor Company

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: South Korea medium & heavy trucks market value: $ billion, 2016-20

Table 2: South Korea medium & heavy trucks market volume: thousand units, 2016-20

Table 3: South Korea medium & heavy trucks market category segmentation: thousand units, 2020

Table 4: South Korea medium & heavy trucks market geography segmentation: $ billion, 2020

Table 5: South Korea medium & heavy trucks market value forecast: $ billion, 2020-25

Table 6: South Korea medium & heavy trucks market volume forecast: thousand units, 2020-25

Table 7: Tata Motors Limited: key facts

Table 8: Tata Motors Limited: Annual Financial Ratios

Table 9: Tata Motors Limited: Key Employees

Table 10: SsangYong Motor Co Ltd: key facts

Table 11: SsangYong Motor Co Ltd: Annual Financial Ratios

Table 12: SsangYong Motor Co Ltd: Key Employees

Table 13: AB Volvo: key facts

Table 14: AB Volvo: Annual Financial Ratios

Table 15: AB Volvo: Key Employees

Table 16: AB Volvo: Key Employees Continued

Table 17: Hyundai Motor Company: key facts

Table 18: Hyundai Motor Company: Annual Financial Ratios

Table 19: Hyundai Motor Company: Key Employees

Table 20: South Korea size of population (million), 2016-20

Table 21: South Korea gdp (constant 2005 prices, $ billion), 2016-20

Table 22: South Korea gdp (current prices, $ billion), 2016-20

Table 23: South Korea inflation, 2016-20

Table 24: South Korea consumer price index (absolute), 2016-20

Table 25: South Korea exchange rate, 2016-20

List of Figures

List of Figures

Figure 1: South Korea medium & heavy trucks market value: $ billion, 2016-20

Figure 2: South Korea medium & heavy trucks market volume: thousand units, 2016-20

Figure 3: South Korea medium & heavy trucks market category segmentation: % share, by volume, 2020

Figure 4: South Korea medium & heavy trucks market geography segmentation: % share, by value, 2020

Figure 5: South Korea medium & heavy trucks market value forecast: $ billion, 2020-25

Figure 6: South Korea medium & heavy trucks market volume forecast: thousand units, 2020-25

Figure 7: Forces driving competition in the medium & heavy trucks market in South Korea, 2020

Figure 8: Drivers of buyer power in the medium & heavy trucks market in South Korea, 2020

Figure 9: Drivers of supplier power in the medium & heavy trucks market in South Korea, 2020

Figure 10: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in South Korea, 2020

Figure 11: Factors influencing the threat of substitutes in the medium & heavy trucks market in South Korea, 2020

Figure 12: Drivers of degree of rivalry in the medium & heavy trucks market in South Korea, 2020

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