Automotive Aftermarket in South Korea - Market Summary, Competitive Analysis and Forecast to 2025

Automotive Aftermarket 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 Automotive Aftermarket sector includes the sale of automotive components for use on vehicles after first purchase.
The South Korean automotive aftermarket is expected to generate total revenues of $13.4bn in 2020, representing a compound annual growth rate (CAGR) of 1.8% between 2016 and 2020.
Market consumption volume is forecast to increase with a CAGR of 1.5% between 2016 and 2020, to reach a total of 247.6 million units in 2020.
The components segment is expected to be the market's most lucrative in 2020, with total revenues of $13.0bn, equivalent to 97.5% of the market's overall value.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the automotive aftermarket market in South Korea
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the automotive aftermarket market in South Korea
Leading company profiles reveal details of key automotive aftermarket market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the South Korea automotive aftermarket market with five year forecasts

Reasons to Buy

What was the size of the South Korea automotive aftermarket market by value in 2020?
What will be the size of the South Korea automotive aftermarket market in 2025?
What factors are affecting the strength of competition in the South Korea automotive aftermarket market?
How has the market performed over the last five years?
What are the main segments that make up South Korea's automotive aftermarket market?

Frequently Asked Questions about the South Korean Automotive Aftermarket

What is the estimated value of the South Korean Automotive Aftermarket?

The South Korean Automotive Aftermarket was estimated to be valued at $13.35 Billion in 2020.

What is the growth rate of the South Korean Automotive Aftermarket?

The growth rate of the South Korean Automotive Aftermarket is 2.3%, with an estimated value of $15.03 Billion by 2025.

What is the forecasted size of the South Korean Automotive Aftermarket?

The South Korean Automotive Aftermarket is estimated to be worth $15.03 Billion by 2025.

Who are the key companies in the South Korean Automotive Aftermarket?

Key companies in the South Korean Automotive Aftermarket include Hyundai Mobis Co Ltd, Robert Bosch GmbH and Denso Corporation.

Report Attribute	Details
Published	January 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 13.35 Billion
Forecasted Market Value ( USD ) by 2025	$ 15.03 Billion
Compound Annual Growth Rate	2.3%
Regions Covered	South Korea

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?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?

8 Company Profiles

8.1. Hyundai Mobis Co Ltd
8.2. Robert Bosch GmbH
8.3. Denso Corporation

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About

List of Tables

Table 1: South Korea automotive aftermarket sector value: $ million, 2016-20(e)
Table 2: South Korea automotive aftermarket sector volume: million units, 2016-20(e)
Table 3: South Korea automotive aftermarket sector geography segmentation: $ million, 2020(e)
Table 4: South Korea automotive aftermarket sector value forecast: $ million, 2020-25
Table 5: South Korea automotive aftermarket sector volume forecast: million units, 2020-25
Table 7: Hyundai Mobis Co Ltd: Key Employees
Table 9: Robert Bosch GmbH: Key Employees
Table 10: Robert Bosch GmbH: Key Employees Continued
Table 12: Denso Corporation: Key Employees
Table 13: Denso Corporation: Key Employees Continued
Table 14: Denso Corporation: Key Employees Continued
Table 15: Denso Corporation: Key Employees Continued
Table 16: South Korea size of population (million), 2016-20
Table 17: South Korea gdp (constant 2005 prices, $ billion), 2016-20
Table 18: South Korea gdp (current prices, $ billion), 2016-20
Table 19: South Korea inflation, 2016-20
Table 20: South Korea consumer price index (absolute), 2016-20
Table 21: South Korea exchange rate, 2015-19

List of Figures

Figure 1: South Korea automotive aftermarket sector value: $ million, 2016-20(e)
Figure 2: South Korea automotive aftermarket sector volume: million units, 2016-20(e)
Figure 3: South Korea automotive aftermarket sector geography segmentation: % share, by value, 2020(e)
Figure 4: South Korea automotive aftermarket sector value forecast: $ million, 2020-25
Figure 5: South Korea automotive aftermarket sector volume forecast: million units, 2020-25
Figure 6: Forces driving competition in the automotive aftermarket sector in South Korea, 2020
Figure 7: Drivers of buyer power in the automotive aftermarket sector in South Korea, 2020
Figure 8: Drivers of supplier power in the automotive aftermarket sector in South Korea, 2020
Figure 9: Factors influencing the likelihood of new entrants in the automotive aftermarket sector in South Korea, 2020
Figure 10: Factors influencing the threat of substitutes in the automotive aftermarket sector in South Korea, 2020
Figure 11: Drivers of degree of rivalry in the automotive aftermarket sector in South Korea, 2020

Companies Mentioned

A selection of companies mentioned in this report includes:

Hyundai Mobis Co Ltd
Robert Bosch GmbH
Denso Corporation

What is the estimated value of the South Korean Automotive Aftermarket?

What is the growth rate of the South Korean Automotive Aftermarket?

What is the forecasted size of the South Korean Automotive Aftermarket?

Who are the key companies in the South Korean Automotive Aftermarket?

Table of Contents

Companies Mentioned

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