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South Korea Automotive Aftermarket Market Summary, Competitive Analysis and Forecast to 2027

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    Report

  • 49 Pages
  • October 2023
  • Region: South Korea
  • MarketLine
  • ID: 5781991
Description Jump to:
Automotive Aftermarket in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 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 Automotive Aftermarket sector includes the sale of automotive components for use on vehicles after first purchase.
  • The South Korean automotive aftermarket sector had total revenues of $14.7 billion in 2022, representing a compound annual growth rate (CAGR) of 1.7% between 2017 and 2022.
  • Sector consumption volume increased with a CAGR of 1% between 2017 and 2022, to reach a total of 0.4 billion units in 2022.
  • South Korea accounted for a share of 6.5% in the Asia-Pacific automotive aftermarket sector in 2022.

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 by both value and volume

Reasons to Buy

  • What was the size of the South Korea automotive aftermarket market by value in 2022?
  • What will be the size of the South Korea automotive aftermarket market in 2027?
  • 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?

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 are the strengths of the leading players?
7.3. What are the recent developments?
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 the Publisher
List of Tables
Table 1: South Korea automotive aftermarket sector value: $ million, 2017-22
Table 2: South Korea automotive aftermarket sector volume: million Units, 2017-22
Table 3: South Korea automotive aftermarket sector category segmentation: % share, by value, 2017-2022
Table 4: South Korea automotive aftermarket sector category segmentation: $ million, 2017-2022
Table 5: South Korea automotive aftermarket sector geography segmentation: $ million, 2022
Table 6: South Korea automotive aftermarket sector value forecast: $ million, 2022-27
Table 7: South Korea automotive aftermarket sector volume forecast: million Units, 2022-27
Table 8: Hyundai Mobis Co Ltd: key facts
Table 9: Hyundai Mobis Co Ltd: Annual Financial Ratios
Table 10: Hyundai Mobis Co Ltd: Key Employees
Table 11: Robert Bosch GmbH: key facts
Table 12: Robert Bosch GmbH: Key Employees
Table 13: Robert Bosch GmbH: Key Employees Continued
Table 14: Denso Corporation: key facts
Table 15: Denso Corporation: Annual Financial Ratios
Table 16: Denso Corporation: Key Employees
Table 17: Denso Corporation: Key Employees Continued
Table 18: Denso Corporation: Key Employees Continued
Table 19: Denso Corporation: Key Employees Continued
Table 20: South Korea size of population (million), 2018-22
Table 21: South Korea gdp (constant 2005 prices, $ billion), 2018-22
Table 22: South Korea gdp (current prices, $ billion), 2018-22
Table 23: South Korea inflation, 2018-22
Table 24: South Korea consumer price index (absolute), 2018-22
Table 25: South Korea exchange rate, 2018-22
List of Figures
Figure 1: South Korea automotive aftermarket sector value: $ million, 2017-22
Figure 2: South Korea automotive aftermarket sector volume: million Units, 2017-22
Figure 3: South Korea automotive aftermarket sector category segmentation: $ million, 2017-2022
Figure 4: South Korea automotive aftermarket sector geography segmentation: % share, by value, 2022
Figure 5: South Korea automotive aftermarket sector value forecast: $ million, 2022-27
Figure 6: South Korea automotive aftermarket sector volume forecast: million Units, 2022-27
Figure 7: Forces driving competition in the automotive aftermarket sector in South Korea, 2022
Figure 8: Drivers of buyer power in the automotive aftermarket sector in South Korea, 2022
Figure 9: Drivers of supplier power in the automotive aftermarket sector in South Korea, 2022
Figure 10: Factors influencing the likelihood of new entrants in the automotive aftermarket sector in South Korea, 2022
Figure 11: Factors influencing the threat of substitutes in the automotive aftermarket sector in South Korea, 2022
Figure 12: Drivers of degree of rivalry in the automotive aftermarket sector in South Korea, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Hyundai Mobis Co Ltd
  • Robert Bosch GmbH
  • Denso Corporation

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About the Automotive Aftermarket Market

The Automotive Aftermarket is a term used to describe the secondary market for automotive parts, accessories, and services. It includes the sale of replacement parts, performance parts, and accessories for cars, trucks, and other vehicles. It also includes the sale of services such as repair, maintenance, and installation. The Automotive Aftermarket is a highly competitive market, with many companies competing for customers. Some of the major players in the market include Advance Auto Parts, AutoZone, O’Reilly Auto Parts, Genuine Parts Company, and CARQUEST Auto Parts. Show Less Read more

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