The market is dominated by domestic suppliers, as imports account for 16.5% of total market size in 2022. Investments drive market demand, with investments representing 58.2% of total demand in 2022. South Korea has the fifth largest market size for railway and tramway locomotives and rolling stock regionally, with demand reaching USD1.8 billion in 2022. Hyundai Rotem Co is the largest company in South Korea, generating 38.3% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 48.5% of total production value in 2022. The total number of companies decreases in 2022, to 350 units. The costs of the industry decrease by 17.4% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 6.2% of production value in 2022, the 16th highest regionally. The industry’s exports share increases in 2022 to 34.1% of total production output. With production value of USD2.1 billion, South Korea accounts for 1.6% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Railway and Tramway Locomotives and Rolling Stock in South Korea: ISIC 352. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Railway and Tramway Locomotives and Rolling Stock in South Korea: ISIC 352 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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