Korea Auto Service Aftermarket - Size and Structure 2004
GLOBAL AUTO AFTERMARKET PANEL KOREA 2004
TABLE OF CONTENTS
GLOBAL AUTO AFTERMARKET PANEL 1
KOREA 2004 1
Table of contents 2
SECTION 1 - EXECUTIVE SUMMARY 5
Table 1 Market at a glance in Korea 5
Aftermarket size (estimates) 5
Aftermarket size trends and drivers 5
Numbers of players 5
Currency 5
Date of publication 5
SECTION 2.0 AFTERMARKET SERVICE REPAIR (MARKET SIZES) 6
Table 2 Service repair outlets 6
Market structure (outlets) 6
Service repair market value 6
Dealership and franchise channel 6
Informal (illegal) segment 7
SECTION 2.1 AFTERMARKET SERVICE REPAIR (COMPANIES) 8
Table 3 Top 5 carmaker dealer groups (dealers/franchisees) 8
Not new car outlets 8
Table 4 Carmaker companies’ repair service networks 8
Table 5 Fast-fit franchises, including those linked to carmakers 9
Service repair network for imported cars 9
Independent service repair outlets 9
Table 6 Sample service prices in chains, for mid-sized cars 10
SECTION 2.2 INSURERS AND CAR FLEETS 11
Table 7 Automobile insurance premiums (1996-2000) 11
Insurer market 11
Traffic accidents 11
Table 8 Insurance companies – key players and sales (KRW) 11
Number of auto insurers and largest players 12
Insurers and the auto repair payments 12
Changes in the insurance market 12
Deregulation and “bancassurance” 12
Investigation of insurance pricing 12
Table 9 Car fleet and taxi sectors – key data 13
Structure of / changes in fleet sector 13
Table 10 Car rental companies, ranked by size 13
Table 11 Selected taxi companies, size of fleet 13
SECTION 2.3 PARTS AFTERMARKET (SIZE) 14
Table 12 Number of companies in auto parts market 14
Table 13 Parts market – sales (KRW billion 2001) 14
Replacement/repair market 14
The informal market 14
Table 14 Not-new parts – market value (2001) 15
Non-new parts market and regulations 15
Table 15 Salvaged parts, ranked by part category 15
SECTION 2.4 AFTERMARKET PARTS SUPPLY/DISTRIBUTION 16
Table 16 Largest 5 parts distributors, and number of outlets 16
Parts distributors - market share 16
Table 17 Paint companies, ranked by total sales (KRW million) 16
Paint - companies and regulatory environment 16
SECTION 2.41 PARTS COMPONENTS MANUFACTURERS 17
Table 18 Parts manufacturers, ranked by sales (KRW) 17
SECTION 2.5 CAR SALES 18
Table 19 Car market – key data 18
Car parc, sales and decommissioned 18
Table 20 Sales of new and used cars – units (2000-2007) 18
Market drivers 18
Table 21 Car parc age (1999 and 2002) 19
Table 22 Car parc fuel (1999 and 2002) 19
Car parc changes in age/fuel type 19
Table 23 Car parc, % domestic and imports (2002) 19
Table 24 Car sales, domestic carmakers (2002) 19
Domestic carmakers’ market share 20
Table 25 Car sales (2002) – imports, ranked by carmakers 20
Table 26 Car sales (2002) - imports of upmarket models 20
Table 27 Car parc, share of domestic carmakers 21
Table 28 Car parc – imports, ranked carmakers 21
SECTION 3 - COMPANY PROFILES 22
Top car parts maker companies 22
Salvage yards 28
Insurers 29
Car rental / taxi companies 31
Sales and service repair companies 32
SECTION 4 - AUTHORITIES / ASSOCIATIONS 37
Government and regulatory bodies 37
Trade associations, publications, and shows 37
INDEX OF COMPANY AND BRAND NAMES 41
APPENDIX I - GLOSSARY OF TERMS USED IN REPORT 44
Market covered in this report 44
Terms for service repair outlets 44
Grey market 44
Data conflict 44
Confusion about terms 44
List - Interchangeable terms used for parts 45
Term “aftermarket part” 45
Terms and variants – OE and non-OE 45
“Grey” parts 45
Parts categories included in counts of market size 45
“Not-new” parts 46
First and other tier suppliers 46
Service and parts channels - independent and dealerships 46
Vehicle parc 46
Insurer repair 46
APPENDIX II - REGULATORY ENVIRONMENT IN SOUTH KOREA 47
Regulatory environment 47
DIAGONAL REPORTS STATEMENT 48
GSP formats 48
Disclaimer 48
Symbols used in tables 48
Who can benefit from this research?
· Suppliers of OE, certified, non-OE, used or salvage parts
· Car makers
· Car dealerships
· Certified repairers
· Car insurers
· Providers of IT and logistics services
Report · Title: Korea Auto Service Aftermarket - Size and Structure 2004
· Price: Euro 1,400 (US$1,778)
· Published: November 2004
· Pages: 49
· Series: The Automotive Service Aftemarket Size and Structure Series 04 includes the US, UK, Japan, Korea and other key automotive markets. Each report follows the same format and approach to facilitate global and regional comparisons
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