DIY market in South Korea
Market development
eCommerce revenue development in the Car Parts market in South Korea
The South Korean Car Parts eCommerce market is predicted to reach US$2,694.4 million by 2024 and accounts for 65.6% of the Vehicle Parts eCommerce market in South Korea. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 8.2%, resulting in a projected market volume of US$3,690.6 million by 2028. The Car Parts eCommerce market is a sub-market of the Vehicle Parts market. Further categories within the Vehicle Parts market are: Motorcycle Parts, and Other Vehicle Parts.
eCommerce revenue development in the Car Parts market in South Korea
eCommerce revenue growth in the Car Parts market in South Korea
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 99.8 | 75.3 | 10.8 | 40.7 | 13.3 | 88.8 | 61.1 | 78.2 |
Market definition
Definition of the Car Parts market within the DIY market
Market definition: DIY > Vehicle Parts > Car Parts The category Car Parts includes the online trade of car tires (e.g. all-season tires, off-road tires, rims), car multimedia (e.g. car stereos, car audio systems, car navigation systems) and car parts (e.g. ). This category does not cover vehicle repair services and other motor vehicle parts (e.g. truck parts, tractor parts, atv parts). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Car Tires (e.g. all-season tires, off-road tires, rims)
- Car multimedia (e.g. car stereos, car audio systems, car navigation systems)
- Car parts (e.g. )
Out-of-scope
- Vehicle repair services
- Other motor vehicle parts (e.g. truck parts, tractor parts, ATV parts)