Summary
Hybrid & Electric Cars in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The hybrid and electric cars market consists of the initial retail sale/registration of new electric and hybrid passenger cars. Passenger cars include saloons/sedans, hatchbacks, SUVs, 4x4s, and other related vehicles.
- The South Korean hybrid & electric cars market had total revenues of $14.3 billion in 2022, representing a compound annual growth rate (CAGR) of 80.4% between 2017 and 2022.
- Market production volume increased with a CAGR of 76.7% between 2017 and 2022, to reach a total of 370,657.0 units in 2022.
- The growth in the South Korean hybrid & electric cars market is influenced by several macroeconomic factors, such as rising GDP, growing consumer confidence, and an increase in disposable income among individuals. For instance, according to the Bank of Korea, in April 2023, the Composite Consumer Sentiment Index (CCSI) of South Korea reached 95.1, an increase of 3.1 points over the previous month.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hybrid & electric cars market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hybrid & electric cars market in South Korea
- Leading company profiles reveal details of key hybrid & electric cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea hybrid & electric cars market with five year forecasts
Reasons to Buy
- What was the size of the South Korea hybrid & electric cars market by value in 2022?
- What will be the size of the South Korea hybrid & electric cars market in 2027?
- What factors are affecting the strength of competition in the South Korea hybrid & electric cars market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's hybrid & electric cars 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. 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 are the recent developments on the market?
8 Company Profiles
8.1. Nissan Motor Co., Ltd.
8.2. Tesla, Inc.
8.3. Hyundai Corporation
8.4. Toyota Motor Corporation
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 hybrid & electric cars market value: $ million, 2017–22
Table 2: South Korea hybrid & electric cars market volume: units, 2017–22
Table 3: South Korea hybrid & electric cars market category segmentation: % share, by value, 2017–2022
Table 4: South Korea hybrid & electric cars market category segmentation: $ million, 2017-2022
Table 5: South Korea hybrid & electric cars market geography segmentation: $ million, 2022
Table 6: South Korea hybrid & electric cars market value forecast: $ million, 2022–27
Table 7: South Korea hybrid & electric cars market volume forecast: units, 2022–27
Table 8: Nissan Motor Co., Ltd.: key facts
Table 9: Nissan Motor Co., Ltd.: Annual Financial Ratios
Table 10: Nissan Motor Co., Ltd.: Key Employees
Table 11: Nissan Motor Co., Ltd.: Key Employees Continued
Table 12: Nissan Motor Co., Ltd.: Key Employees Continued
Table 13: Nissan Motor Co., Ltd.: Key Employees Continued
Table 14: Tesla, Inc.: key facts
Table 15: Tesla, Inc.: Annual Financial Ratios
Table 16: Tesla, Inc.: Key Employees
Table 17: Hyundai Corporation: key facts
Table 18: Hyundai Corporation: Annual Financial Ratios
Table 19: Hyundai Corporation: Key Employees
Table 20: Toyota Motor Corporation: key facts
Table 21: Toyota Motor Corporation: Annual Financial Ratios
Table 22: Toyota Motor Corporation: Key Employees
Table 23: Toyota Motor Corporation: Key Employees Continued
Table 24: Toyota Motor Corporation: Key Employees Continued
Table 25: South Korea size of population (million), 2018–22
Table 26: South Korea gdp (constant 2005 prices, $ billion), 2018–22
Table 27: South Korea gdp (current prices, $ billion), 2018–22
Table 28: South Korea inflation, 2018–22
Table 29: South Korea consumer price index (absolute), 2018–22
Table 30: South Korea exchange rate, 2018–22
List of Figures
Figure 1: South Korea hybrid & electric cars market value: $ million, 2017–22
Figure 2: South Korea hybrid & electric cars market volume: units, 2017–22
Figure 3: South Korea hybrid & electric cars market category segmentation: $ million, 2017-2022
Figure 4: South Korea hybrid & electric cars market geography segmentation: % share, by value, 2022
Figure 5: South Korea hybrid & electric cars market value forecast: $ million, 2022–27
Figure 6: South Korea hybrid & electric cars market volume forecast: units, 2022–27
Figure 7: Forces driving competition in the hybrid & electric cars market in South Korea, 2022
Figure 8: Drivers of buyer power in the hybrid & electric cars market in South Korea, 2022
Figure 9: Drivers of supplier power in the hybrid & electric cars market in South Korea, 2022
Figure 10: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in South Korea, 2022
Figure 11: Factors influencing the threat of substitutes in the hybrid & electric cars market in South Korea, 2022
Figure 12: Drivers of degree of rivalry in the hybrid & electric cars market in South Korea, 2022
