South Korea Agriculture Equipment Market Size & Outlook
South Korea agriculture equipment market, 2018-2030 (US$M)
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South Korea agriculture equipment market highlights
- The South Korea agriculture equipment market generated a revenue of USD 6,644.9 million in 2022 and is expected to reach USD 8,787.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 3.6% from 2023 to 2030.
- In terms of segment, tractors was the largest revenue generating product in 2022.
- Harvesters is the most lucrative product segment registering the fastest growth during the forecast period.
Agriculture equipment market data book summary
| Market revenue in 2022 | USD 6,644.9 million |
| Market revenue in 2030 | USD 8,787.2 million |
| Growth rate | 3.6% (CAGR from 2022 to 2030) |
| Largest segment | Tractors |
| Fastest growing segment | Harvesters |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment |
| Key market players worldwide | AGCO Corp, AgriFORCE Growing Systems Ltd, CNH Industrial NV, Deere & Co, Mensch und Maschine Software SE, Iseki & Co Ltd, Kubota Corp, Bucher Industries AG, Mahindra & Mahindra Ltd DR, Masco Corp, First Tractor Co Ltd Class H, AB Science, Valmont Industries Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.2% of the global agriculture equipment market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China agriculture equipment market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 33,870.8 million by 2030.
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Agriculture Equipment Market Scope
Agriculture Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea agriculture equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to agriculture equipment market will help companies and investors design strategic landscapes.
Tractors was the largest segment with a revenue share of 33.61% in 2022. Horizon Databook has segmented the South Korea agriculture equipment market based on tractors, harvesters, planting equipment, irrigation & crop processing equipment, spraying equipment, hay & forage equipment covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Agriculture Equipment Product Outlook (Revenue, USD Million, 2018-2030)
- Tractors
- Harvesters
- Planting Equipment
- Row crop planters
- Air seeders
- Grain drills
- Others
- Irrigation & Crop Processing Equipment
- Spraying Equipment
- Hay & Forage Equipment
- Others
- South Korea Agriculture Equipment Application Outlook (Revenue, USD Million, 2018-2030)
- Land Development & Seed Bed Preparation
- Sowing & Planting
- Weed Cultivation
- Plant Protection
- Harvesting & Threshing
- Post-harvest & Agro Processing
Reasons to subscribe to South Korea agriculture equipment market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea agriculture equipment market databook
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Our clientele includes a mix of agriculture equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea agriculture equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Korea agriculture equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea agriculture equipment market size, by product, 2018-2030 (US$M)
South Korea Agriculture Equipment Market Outlook Share, 2022 & 2030 (US$M)
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