South Korea Material Handling Equipment Market Size & Outlook
The material handling equipment market in South Korea is expected to reach a projected revenue of US$ 2.6 billion by 2030. A compound annual growth rate of 5.2% is expected of South Korea material handling equipment market from 2024 to 2030.
Revenue, 2023 (US$B)
$1.8
Forecast, 2030 (US$B)
$2.6
CAGR, 2024 - 2030
5.4%
Report Coverage
South Korea
South Korea material handling equipment market, 2018-2030 (US$B)
Related Markets
South Korea material handling equipment market highlights
- The South Korea material handling equipment market generated a revenue of USD 1.8 billion in 2023 and is expected to reach USD 2.6 billion by 2030.
- The South Korea market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, cranes & lifting equipment was the largest revenue generating product in 2023.
- Racking & Storage Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
Material handling equipment market data book summary
| Market revenue in 2023 | USD 1.8 billion |
| Market revenue in 2030 | USD 2.6 billion |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Cranes & lifting equipment |
| Fastest growing segment | Racking & Storage Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Cranes & Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, Racking & Storage Equipment |
| Key market players worldwide | Daifuku Co Ltd, Honeywell International Inc, KION GROUP AG, Murata Manufacturing Co Ltd, SSI Schaefer Systems International North America, Swisslog, Toyota Industries Corp, BEUMER Group, Interlake Mecalux, Vanderlande |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.8% of the global material handling equipment market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China material handling equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 8.7 billion by 2030.
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Material Handling Equipment Market Scope
Material handling equipment market segmentation & scope
Cranes & Lifting Equipment
Industrial Trucks
Continuous Handling Equipment
Racking & Storage Equipment
Automotive
Food & Beverages
Chemical
Semiconductor & Electronics
E-commerce
Aviation
Pharmaceutical
Others
Material Handling Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea material handling 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 material handling equipment market will help companies and investors design strategic landscapes.
Cranes & lifting equipment was the largest segment with a revenue share of 38.89% in 2023. Horizon Databook has segmented the South Korea material handling equipment market based on cranes & lifting equipment, industrial trucks, continuous handling equipment, racking & storage equipment covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Material Handling Equipment Product Outlook (Revenue, USD Billion, 2018-2030)
- Cranes & Lifting Equipment
- Industrial Trucks
- Continuous Handling Equipment
- Racking & Storage Equipment
- South Korea Material Handling Equipment Application Outlook (Revenue, USD Billion, 2018-2030)
- Automotive
- Food & Beverages
- Chemical
- Semiconductor & Electronics
- E-commerce
- Aviation
- Pharmaceutical
- Others
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Target buyers of South Korea material handling equipment market databook
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Our clientele includes a mix of material handling equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea material handling equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Korea material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea material handling equipment market size, by product, 2018-2030 (US$B)
South Korea Material Handling Equipment Market Outlook Share, 2023 & 2030 (US$B)
Related industry reports
Related regional statistics
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