Competitor Analysis Evaluation Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 3.5 Billion by 2033, exhibiting a CAGR of 12.5% from 2026 to 2033.
South Korea's industrial sectors are navigating a complex landscape marked by intense global competition, particularly from Chinese counterparts. A significant 70% of South Korean manufacturers report challenges due to the influx of cost-effective Chinese products, impacting markets across Southeast Asia, the Middle East, Central Asia, and Latin America. The steel industry exemplifies this struggle, with Chinese steel priced at approximately $863 per ton, starkly contrasting with Korean steel at $2,570 per ton. This price disparity has led to substantial profit declines for major Korean steelmakers, including Hyundai Steel and Posco.
In response, South Korean companies are emphasizing product differentiation through quality enhancements and are increasingly engaging in legal actions such as anti-dumping and patent infringement cases to protect their market share. The government is also urged to implement more sophisticated economic security measures to ensure a level playing field.
Despite these challenges, South Korea maintains a stronghold in the semiconductor industry, holding a 17.7% share of the global market and dominating the memory semiconductor segment with a 60.5% share. The government's K-CHIPS Act, offering tax credits up to 50% for R&D, underscores the nation's commitment to sustaining its semiconductor leadership.
Furthermore, the automation and industrial control market is thriving, with the semiconductor and electronics segment accounting for approximately 31% of the market share in 2024. Investments in automation technologies are bolstered by strategic initiatives and substantial funding, aiming to enhance productivity and maintain quality standards.
In the realm of e-commerce, the B2B segment dominates, commanding about 96% of the market share in 2024. This dominance is attributed to South Korea's robust digital infrastructure and high technology adoption rates among businesses, facilitating seamless digital procurement and supply chain management.
However, the influx of cheaper Chinese products continues to pose significant challenges across various sectors, including petrochemicals, textiles, and even traditional products like kimchi. South Korean companies are compelled to innovate and adapt, focusing on quality and legal strategies to counteract the competitive pressures.
Overall, South Korea's industrial landscape is characterized by a dynamic interplay of challenges and opportunities. The nation's emphasis on quality, innovation, and strategic government support positions it to navigate the complexities of the global market effectively.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Competitor Analysis Evaluation Market
Physical Products
Digital Products
Services
Business-to-Consumer (B2C)
Business-to-Business (B2B)
Consumer-to-Consumer (C2C)
Direct Sales
Online Sales
Retail Sales
Wholesale
Price-Sensitive Consumers
Brand-Loyal Consumers
Impulse Buyers
Value-Seeking Consumers
Frequent Purchasers
Occasional Purchasers
Infrequent Purchasers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Competitor Analysis Evaluation Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Competitor Analysis Evaluation Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Competitor Analysis Evaluation Market, By Type
6. South Korea Competitor Analysis Evaluation Market, By Application
7. South Korea Competitor Analysis Evaluation Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Competitor Analysis Evaluation Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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