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Hybrid & Electric Cars in South Korea

Summary

Hybrid & Electric Cars in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2014-18, and forecast to 2023). 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, hatchbacks, SUVs, 4x4s and other related vehicles.
- The South Korean Hybrid & Electric Cars market had total revenues of $4.6bn in 2018, representing a compound annual growth rate (CAGR) of 42.7% between 2014 and 2018.
- Hybrid had the highest volume in the South Korean Hybrid & Electric Cars market in 2018, with a total of 95.5 thousand units, equivalent to 87.1% of the market's overall volume. In comparison, Electric had a volume of 14.1 thousand units in 2018, equating to 12.9% of the market total.
- The ministry said demand for EVs has accelerated since a package of policy measures was introduced in September 2017 to reduce fine-dust emissions, including more government incentives and an increasing roll-out of charging infrastructure.

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 by both value and volume

Reasons to buy

- What was the size of the South Korea hybrid & electric cars market by value in 2018?
- What will be the size of the South Korea hybrid & electric cars market in 2023?
- 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?