B2B drives market demand, with B2B spending representing 92.0% of total demand in 2023. Lotte Rental Co Ltd is the largest company in South Korea, generating 17.7% of the industry’s total turnover value in 2023. The industry is fragmented, with the top five companies generating 32.2% of total production value in 2023. The total number of companies increases in 2023, to 1,895 units. The costs of the industry increase by 6.7% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 21.5% of turnover in 2023, the 17th highest regionally. With turnover of USD7.2 billion, South Korea accounts for % of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Renting of Land Transport Equipment in South Korea: ISIC 7111. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Renting of Land Transport Equipment in South Korea: ISIC 7111 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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