Korea Luxury Car Market Size & Outlook, 2025-2033

Korea Luxury Car Market Insights

As highlighted in Deep Market Insights analysis, the Korea Luxury Car Market, worth USD 23.66 Billion in 2024, is forecasted to achieve USD 45.35 Billion by 2033.
The Korea market is anticipated to grow at a CAGR of 7.44% during the period 2025–2033.
By 2024, ICE Luxury represented the largest share of the Propulsion market size.
ICE Luxury is expected to remain the key growth driver within Propulsion, registering the fastest CAGR during the forecast period.

Korea accounted for 1.78% of the global Luxury Car Market size in 2024.
By 2033, United States is expected to remain the top global market in terms of size.
Within Asia Pacific, China is forecasted to dominate the regional Luxury Car Market size by 2033.
Korea will be the fastest-growing market in Asia Pacific, projected to achieve USD 45.13 Billion by 2033.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 23.66 Billion
Market Size In 2033	USD 45.35 Billion
Largest segment	ICE Luxury
Units	Revenue in USD Billion
CAGR	7.44% (2025-2033)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends