The market is dominated by domestic suppliers, as imports account for 16.1% of total market size in 2023. Investments drive market demand, with investments representing 59.4% of total demand in 2023. South Korea has the fifth largest market size for railway and tramway locomotives and rolling stock regionally, with demand reaching USD1.9 billion in 2023. Hyundai Rotem Co is the largest company in South Korea, generating 40.5% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 51.6% of total production value in 2023. The total number of companies increases in 2023, to 354 units. The costs of the industry increase by 2.5% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 6.1% of production value in 2023, the 16th highest regionally. The industry’s exports share decreases in 2023 to 33.4% of total production output. With production value of USD2.2 billion, South Korea accounts for 1.7% of the Asia Pacific total in 2023.
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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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