Households drive market demand, with household spending representing 51.4% of total demand in 2022. Hyundai Oilbank Co Ltd is the largest company in South Korea, generating 22.4% of the industry’s total turnover value in 2022. The industry is concentrated, with the top five companies generating 63.6% of total production value in 2022. The total number of companies increases in 2022, to 218,609 units. The costs of the industry decrease by 11.8% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 18.1% of turnover in 2022, the 16th highest regionally. With turnover of USD51.7 billion, South Korea accounts for 6.7% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Sale, Maintenance and Repair of Motor Vehicles, Retail Sale of Automotive Fuel in South Korea: ISIC 50. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Sale, Maintenance and Repair of Motor Vehicles, Retail Sale of Automotive Fuel in South Korea: ISIC 50 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of retail, sale, maintenance and repair of motor vehicles, retail sale of automotive fuel, and wholesale trade.
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