Summary
Car Rental in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Findings
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the car rental market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car rental market in South Korea
- Leading company profiles reveal details of key car rental market players' global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea car rental market with five year forecasts by both value and volume
Synopsis
Essential resource for top-line data and analysis covering the South Korea car rental market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Reasons To Buy
- What was the size of the South Korea car rental market by value in 2016?
- What will be the size of the South Korea car rental market in 2021?
- What factors are affecting the strength of competition in the South Korea car rental market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's car rental market?
Key Highlights
The car rental market is defined as revenues generated by car rental companies for self-drive cars for hire. The market value is mainly made up car rentals for business and leisure purposes. Other includes insurance rentals and replacements. Market volumes represent the size of the rental car fleet within the respective countries. Any currency conversions used in the creation of this report were calculated using constant 2015 annual average exchange rates.
The South Korean car rental industry is expected to generate total revenues of $4,490.1m in 2016, representing a compound annual growth rate (CAGR) of 5.9% between 2012 and 2016.
One of the industry players, AJ, have seen such success that they have decided to expand into the US in 2016 and is the first South Korean car rental company to do so.
Industry consumption volume is forecast to increase with a CAGR of 7.2% between 2012-2016, to reach a total of 429.4 thousand fleet size in 2016.
Market value
Market value forecast
Market volume
Market volume forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market volume
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Market volume forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
AJ Rent A Car Co., Ltd.
Joy Rent a Car Co., Ltd
RedcapTour Co., Ltd.
Sixt SE
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
Research Methodology
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analysing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.