DIY market in South Korea
The South Korean DIY eCommerce market is predicted to reach US$12,419.3 million by 2024 and accounts for 9.0% of the total 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 10.3%, resulting in a projected market volume of US$18,372.4 million by 2028. Within the DIY market ECDB considers the following three sub-markets: Tools & Construction Supplies, Vehicle Parts, and Garden.
Monthly revenues
Monthly eCommerce revenues in the South Korean Vehicle Parts market
The monthly eCommerce revenue of the South Korean Vehicle Parts market was US$307 million in September 2024. This refers to a growth of -1.7% compared to August 2024. Within the last 12 months, the monthly revenue share was the highest in October 2023 with 9.2% of the total 2023 revenue of the South Korean Vehicle Parts market and the lowest in February 2024 with 7.9% of the total 2024 revenue.
Revenue Last Month
US$307.0m
The eCommerce revenue fell by 1.7% from August 2024 to September 2024.
Monthly revenue shares in the last 12 months
0-2024 | 1-2024 | 2-2024 | 3-2024 | 4-2024 | 5-2024 | 6-2024 | 7-2024 | 8-2024 | 9-2024 | 10-2024 | 11-2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Monthly revenue share (in %) | 73.9 | 80.9 | 39.1 | 33.2 | 82.8 | 83.5 | 46.8 | 51.4 | 79.2 | 54.3 | 15.1 | 72.6 |
Market development
eCommerce revenue development in the Vehicle Parts market in South Korea
The South Korean Vehicle Parts eCommerce market is predicted to reach US$3,775.5 million by 2024 and accounts for 30.4% of the DIY 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 9.2%, resulting in a projected market volume of US$5,367.9 million by 2028. The Vehicle Parts eCommerce market is a sub-market of the DIY market. Further categories within the DIY market are: Garden, and Tools & Construction Supplies.
eCommerce revenue development in the Vehicle Parts market in South Korea
eCommerce revenue growth in the Vehicle Parts market in South Korea
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 75.2 | 24.8 | 70.3 | 77.3 | 57.4 | 17.2 | 27.8 | 53.8 |
Top stores
Top five Vehicle Parts online stores in South Korea by net sales 2023
With sales in the South Korean Vehicle Parts market, coupang.com generated a revenue of US$1,267.0 million in 2023, which means it is the leading online store in this market. The Vehicle Parts ranking of South Korea is based on all online stores that generated sales in this market in 2023. Due to a country- and category-dependent approach, both national and international online stores can be part of the ranking. The graph shows a filtered revenue. It only includes national sales within the respective market.
eCommerce net sales generated in the Vehicle Parts market in South Korea in 2023
Filtered revenue / share eCommerce net sales refer to the year 2023 | Global revenue eCommerce net sales refer to the year 2023 | Growth eCommerce net sales growth refers to 2023/2022 | |
---|---|---|---|
US$900.0m 20.7% | US$8,300.0m | 8.3% | |
US$550.0m 12.0% | US$4,600.0m | 12.4% | |
US$470.0m 3.9% | US$1,190.0m | 33.6% | |
US$430.0m 20.6% | US$2,122.0m | 18.0% | |
US$370.0m 20.7% | US$1,814.0m | 12.6% |
See further stores
Market definition
Definition of the Vehicle Parts market within the DIY market
Market definition: DIY > Vehicle Parts The category Vehicle Parts includes the online trade of car parts (e.g. car tires, car multimedia, spare parts), motorcycle parts and other vehicle parts (e.g boat supplies, aircraft supplies). This category does not cover vehicles (e.g. cars, motorcycles, boats), vehicle repair services or bicycle parts and supply. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Car Parts (e.g. car tires, car multimedia, spare parts)
- Motorcycle parts
- Other vehicle parts (e.g boat supplies, aircraft supplies)
Out-of-scope
- Vehicles (e.g. cars, motorcycles, boats)
- Vehicle repair services
- Bicycle parts and supply