South Korea Autos Report - Business Monitor International - Industry Reports

South Korea Autos Report

South Korea Autos Report - Business Monitor International - Industry Reports
South Korea Autos Report
Published Sep 03, 2016
34 pages — Published Sep 03, 2016
Price US$ 1,295.00  |  Buy this Report Now

About This Report

  
Abstract:

We forecast total vehicle sales to grow by -.- in ---- and at an annual average of -.- over our --------- forecast period. The South Korean economy is currently facing headwinds that will continue to dampen total vehicle sales throughout ----. ...Furthermore, a subdued infrastructure growth outlook and high levels of household debt will increase pressure on the government s budget and consumer spending plans. The factors that will drive total vehicle sales growth amidst the headwinds the economy is currently experiencing will be the construction associated with the hosting of the ---- Winter Olympics as well as the sheer size of the vehicle market in South Korea. We forecast South Korea s total national fleet size to grow to --.-mn units in ----. ...We forecast South Korea s total national fleet size to grow to --.-mn units in ----. We expect that vehicle replacements over and above new first time buyers to the market will lend support to vehicle sales growth over our forecast period to ----.

...South Korea - Total arrivals, --- ---- ---- ----f ----f ----f ----f ----f - -,--- --,--- --,--- --,--- f = BMI forecast. Source: National sources, BMI Bus and coach sales are forecast to grow -.- in ---- and at an annual average of -.- as the pickup in tourism levels, driven by the recovery from the outbreak of Middle East Respiratory Syndrome (MERS) and Olympics, continue to provide support to the vehicle segment. ...South Korea - Total arrivals, --- ---- ---- ----f ----f ----f ----f ----f - -,--- --,--- --,--- --,--- f = BMI forecast. Source: National sources, BMI Bus and coach sales are forecast to grow -.- in ---- and at an annual average of -.- as the pickup in tourism levels, driven by the recovery from the outbreak of Middle East Respiratory Syndrome (MERS) and Olympics, continue to provide support to the vehicle segment. Our Tourism team forecast total tourist arrivals to grow by -.- in ---- and at an annual average of -.- over our --------- forecast period. ...The campaign is called The World Keeps Coming Back To Korea and it aims to reach --mn tourists by ----. Although we believe the campaign will miss its ---- target and we forecast that total arrivals will only reach --mn by ----, the tourism industry will still receive a boost from the investment into the campaign.

...We forecast passenger vehicle sales to grow by -.- in ---- and at an annual average of -.- to ----. Although high household debt levels, which our Country Risk team forecast to be around -- of GDP, will constrain consumer spending, there are fundamentals within the South Korean economy which will support passenger vehicle sales. ...

  
Source:
Document ID
1749-0189
Country
Industry
Format:
PDF Adobe Acrobat
Buy Now

Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

About the Author


Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "South Korea Autos Report" Sep 03, 2016. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Korea-Autos-Report-2026-7>
  
APA:
Business Monitor International - Industry Reports. (2016). South Korea Autos Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Korea-Autos-Report-2026-7>
  
US$ 1,295.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.