Summary
Medium & Heavy Trucks in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Medium and heavy trucks market includes commercial vehicles (CV), buses and coaches (BC), heavy commercial vehicles (HCV), and heavy buses and coaches (HBCs).
- The South Korean medium & heavy trucks market recorded revenues of $20 million in 2024, representing a compound annual growth rate (CAGR) of -2.2% between 2019 and 2024.
- Market consumption volumes declined with a negative CAGR of 3.5% between 2019 and 2024, reaching a total of 249.4 thousand units in 2024.
- In 2024, South Korea accounted for a share of 3.2% of the Asia-Pacific medium & heavy trucks market.
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 2024?
- What will be the size of the South Korea medium & heavy trucks market in 2029?
- 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?
- Who are the top competitors in South Korea's medium & heavy trucks market?
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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. Geography segmentation
1.6. Market rivalry
1.7. 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. 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 in the market?
7.2. What are the strengths of the leading players?
7.3. What are the recent developments in the market?
8 Company Profiles
8.1. Hyundai Motor Co
8.2. Kia Corp
8.3. AB Volvo
8.4. Tata Motors Ltd
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
Table 1: South Korea medium & heavy trucks market value: $ billion, 2019-24
Table 2: South Korea medium & heavy trucks market volume: thousand units, 2019-24
Table 3: South Korea medium & heavy trucks market geography segmentation: $ billion, 2024
Table 4: South Korea medium & heavy trucks market value forecast: $ billion, 2024-29
Table 5: South Korea medium & heavy trucks market volume forecast: thousand units, 2024-29
Table 6: Hyundai Motor Co: Key Facts
Table 7: Hyundai Motor Co: Annual Financial Ratios
Table 8: Hyundai Motor Co: Key Employees
Table 9: Kia Corp: Key Facts
Table 10: Kia Corp: Annual Financial Ratios
Table 11: Kia Corp: Key Employees
Table 12: AB Volvo: Key Facts
Table 13: AB Volvo: Annual Financial Ratios
Table 14: AB Volvo: Key Employees
Table 15: AB Volvo: Key Employees Continued
Table 16: Tata Motors Ltd: Key Facts
Table 17: Tata Motors Ltd: Annual Financial Ratios
Table 18: Tata Motors Ltd: Key Employees
Table 19: South Korea Exchange Rate, 2019-24
List of Figures
Figure 1: South Korea medium & heavy trucks market value: $ billion, 2019-24
Figure 2: South Korea medium & heavy trucks market volume: thousand units, 2019-24
Figure 3: South Korea medium & heavy trucks market geography segmentation: % share, by value, 2024
Figure 4: South Korea medium & heavy trucks market value forecast: $ billion, 2024-29
Figure 5: South Korea medium & heavy trucks market volume forecast: thousand units, 2024-29
Figure 6: Forces driving competition in the medium & heavy trucks market in South Korea, 2024
Figure 7: Drivers of buyer power in the medium & heavy trucks market in South Korea, 2024
Figure 8: Drivers of supplier power in the medium & heavy trucks market in South Korea, 2024
Figure 9: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in South Korea, 2024
Figure 10: Factors influencing the threat of substitutes in the medium & heavy trucks market in South Korea, 2024
Figure 11: Drivers of degree of rivalry in the medium & heavy trucks market in South Korea, 2024
