The market is dominated by foreign suppliers, as imports account for 82.6% of total market size in 2022. B2B drives market demand, with B2B spending representing 58.5% of total demand in 2022. South Korea has the third largest market size for appliances for measuring, navigating and testing regionally, with demand reaching USD18.2 billion in 2022. Continental Automotive Electronics LLC is the largest company in South Korea, generating 1.1% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 3.0% of total production value in 2022. The total number of companies increases in 2022, to 4,746 units. The costs of the industry decrease by 9.5% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 10.9% of production value in 2022, the 12th highest regionally. The industry’s exports share increases in 2022 to 69.3% of total production output. With production value of USD8.9 billion, South Korea accounts for 4.8% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Appliances for Measuring, Navigating and Testing in South Korea: ISIC 3312. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Appliances for Measuring, Navigating and Testing in South Korea: ISIC 3312 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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