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
$1,295.00

BMI View: Despite external head winds dragging on total vehicle sales in 2016, passenger vehicles sales and commercial vehicles sales are forecast to grow 1.5% and 2.4% respectively . This in turn will drive total vehicle sales to grow 1.7% in 2016 , and at an annual average of 2.8% over our forecast period.

Total Vehicle Sales To Remain Positive Despite External Headwinds
Total Vehicle Sales By Segment
f = BMI forecast. Source: KAMA, BMI
Key Views
* Low interest rates of 1.5% will make access to vehicle finance cheaper and will support total vehicle sales.
Source: BMI
* Strong South Korean won will make imports cheaper supporting total vehicle sales.
* Currency strength relative to its competitors will increase the price of South Korean exports.
* Slowdown in China will drag on exports and total vehicle sales.
BMI Industry View
7
SWOT
8
Political
10
Economic
11
Operational Risk
12
Industry Forecast
14
Sales
14
Production
18
Table: Autos Total Market - Historical Data And Forecasts (South Korea 2013-2019)
20
Table: Passenger Car Market - Historical Data And Forecasts (South Korea 2013-2019)
21
Table: Commercial Vehicle Market - Historical Data And Forecasts (South Korea 2013-2019)
22
Macroeconomic Forecast
23
Economic Analysis
23
Table: Economic Activity (South Korea 2010-2019)
27
Industry Risk/Reward Index
28
Asia - Risk/Reward Index
28
Developed States Still Lead
28
Frontier Markets Are A Risky Bet
29
On The Bubble
29
Company Profile
31
Company Monitor
31
Hyundai Motor
34
Kia Motors
37
Ssangyong Motor
39
Renault Samsung Motors
40
Regional Overview
41
Asia Overview
41
Replacement Cycle Aids Growth
41
Bigger Markets Lagging
43
Smaller Markets Have Untapped Potential
43
Global Industry Overview
45
1
45
2
46
3
47
4
49
Demographic Forecast
50
Table: Population Headline Indicators (South Korea 1990-2025)
51
Table: Key Population Ratios (South Korea 1990-2025)
51
Table: Urban/Rural Population & Life Expectancy (South Korea 1990-2025)
52
Table: Population By Age Group (South Korea 1990-2025)
52
Table: Population By Age Group % (South Korea 1990-2025)
53
Methodology
55
Industry Forecasts
55
Sector-Specific Methodology
56
Sources
56
Risk/Reward Index Methodology
57
Table: Automotive Risk/Reward Index Indicators And Weighting Of Indicators
58

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.

Coverage

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.

Sources

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.