The market is dominated by foreign suppliers, as imports account for 87.6% of total market size in 2022. Households drive market demand, with household spending representing 55.6% of total demand in 2022. South Korea has the eighth largest market size for motorcycles, bicycles and other transport equipment regionally, with demand reaching USD2.1 billion in 2022. Daelim Motor Co Ltd is the largest company in South Korea, generating 15.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 41.8% of total production value in 2022. The total number of companies increases in 2022, to 584 units. The costs of the industry increase by 12.5% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 15.6% of production value in 2022, the eighth highest regionally. The industry’s exports share increases in 2022 to 54.8% of total production output. With production value of USD386 million, South Korea accounts for 0.2% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Motorcycles, Bicycles and Other Transport Equipment in South Korea: ISIC 359. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Motorcycles, Bicycles and Other Transport Equipment in South Korea: ISIC 359 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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