South Korea Autos Report

Providing expert analysis, independent forecasts and competitive intelligence on the automotive industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Autos Risk Reward Index, Economic Forecasts, Company Profiles and Global, Regional and Country Industry Overviews.

Why you should buy this report

  • Benefit from the latest market opportunities
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position

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South Korea Autos Report
Product Price

BMI View: Despite low interest rates resulting in cheaper auto loans, h igh household debt levels will dampen passenger vehicle sales. A relatively strong Japanese yen will favour Korean export; , however, we believe the slowdown in China will continue to place downwards pressure of domestic production levels.

Domestic Vehicle Sales Growing Under Pressure
Total Vehicle Sales, 2014-2020 (units)
f = BMI forecast. Source: Korea Automobile Manufacturers Association (KAMA),BMI

Key Views

  • Low interest rates will make access to vehicle finance cheaper and will support total vehicle sales.

  • Government has announced stricter emissions regulations for 2017.

  • Slow uptick in construction industry growth due to the hosting of the 2018 Winter Olympics will provide a slight boost to commercial vehicle sales.

  • Slowdown in China will drag on exports and total vehicle sales.

BMI Industry View
Industry Forecast
Table: Autos Total Market - Historical Data And Forecasts (South Korea 2014-2020)
Structural Trends
New Energy Vehicles
Passenger Vehicles
Table: Passenger Car Market - Historical Data And Forecasts - (South Korea 2014-2020)
Key Players
Table: Top 10 Passenger Vehicle Sales By Brand, 2015
Commercial Vehicles
Table: Commercial Vehicle Market - Historical Data And Forecasts (South Korea 2014-2020)
Industry Risk/Reward Index
South East Asia Shines
'Make In India' Supports Ranking
Vietnam Still Most Likely Frontier Mover
Company Profile
Hyundai Motor
Kia Motors
Renault Samsung Motors
Ssangyong Motor
Regional Overview
Table: Asia Autos Production Investment
Incentives Powering Chinese Investment
Making In India Is Increasing Localised
Demographic Forecast
Demographic Outlook
Table: Population Headline Indicators (South Korea 1990-2025)
Table: Key Population Ratios (South Korea 1990-2025)
Table: Urban/Rural Population & Life Expectancy (South Korea 1990-2025)
Table: Population By Age Group (South Korea 1990-2025)
Table: Population By Age Group % (South Korea 1990-2025)
Industry Forecasts
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Automotive Risk/Reward Index Indicators And Weighting Of Indicators

The South Korea Autos Report features the latest data and forecasts covering production, sales, imports and exports.

BMI Research's South Korea Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in South Korea.

Key Benefits

  • Benchmark BMI's independent automotives industry forecasts on South Korea to test other views - a key input for successful budgetary and planning in the Korean automotives market.
  • Target business opportunities and risks in the Korean automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in South Korea.
  • Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.


BMI Industry View

Summary of BMI’s key industry forecasts and views, covering production, sales and the introduction of new technology or products.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the autos sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series and forecasts to end- 2019 for all key industry indicators (see list below), supported by explicit assumptions plus analysis of key downside risks to the main forecast, including:

Sales and production of motorcycles in units; total production of units; production by vehicle type (including cars, commercial vehicles, trucks and buses); total vehicle fleet size in units; sales by vehicle type, including passenger cars and commercial vehicles; fleet size by vehicle type, including passenger car, commercial vehicles and motorcycles; total vehicle trade balance in units; vehicle trade balance by vehicle type, including passenger car, commercial vehicle and motorcycle; car ownership measured as car density per 1,000 people.

BMI’s Autos Risk Reward Index

BMI’s Risk Reward Index provides investors (manufacturers, suppliers and dealers) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points. These provide indices of highest to lowest appeal to investors, with each indices explained.

BMI Economic Forecasts

BMI forecasts to end-2019 for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company  developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Global, Regional and Country Industry Overviews

In-depth analysis of the major global and regional developments in the market, which can be linked with the country industry overview, providing cross-country  investment, product and financing trends that will affect each market, supported by BMI’s global and regional industry forecasts.


The Autos reports draw on an extensive network of primary sources, such as manufacturing associations, statistical bureaus, government transport ministries, national chambers of commerce and industry, national statistical offices, government ministries and central banks and multinational companies.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.