South Korea Agriculture Equipment Market Size- By Equipment Type, By Application, By Sale Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

South Korea Agriculture Equipment Market Size- By Equipment Type, By Application, By Sale Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

South Korea Agriculture Equipment Market Introduction and Overview

According to SPER Market Research, ‘South Korea Agriculture Equipment Market Size- By Equipment Type, By Application, By Sale Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the South Korea Agriculture Equipment Market is estimated to reach USD 200.41 billion by 2033 with a CAGR of 4.11%.

A range of tools and machinery are employed in agricultural activities and are collectively referred to as agricultural machinery or equipment. These tools, which include tractors, plows, harvesters, balers, and irrigation systems, are necessary for contemporary farming. With the use of these technologies, farmers may work more productively and successfully on projects like pest management, planting, watering, fertilizing, and harvesting.

The COVID-19 pandemic caused considerable disruptions to the agriculture equipment industry in South Korea, affecting supply chain activities. Production setbacks and transportation limitations impacted the machinery’s timely availability, resulting in shortages and higher prices. The decreased demand for new equipment was partly caused by lower farmer incomes and agricultural output as a result of pandemic-related constraints.

Scope of the report:

Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Equipment Type, By Application, By Sale Channel
Regions covered Seoul Capital Area, Yeongam (Southeastern Region), Honam (Southwestern), Hoseo (central Region)
Companies Covered Daedong Industrial Co., Ltd., Tong Yang Moolsan Co., Ltd., LS Mtron, Samyang Chemical Co., Ltd., Asia Agricultural Machinery Co., Ltd., Kukje Machinery Co., Ltd., Hinomoto Co., Ltd., Sungboo Industry Co., Ltd., Others.

South Korea Agriculture Equipment Market Segmentation:

By Equipment Type:Based on the Equipment Type, South Korea Agriculture Equipment Market is segmented as; Agriculture Tractor, Harvesting Equipment, Irrigation and Crop Processing Equipment, Agriculture Spraying and Handling Equipment, Soil Preparation and Cultivation Equipment.

By Application:Based on the Application, South Korea Agriculture Equipment Market is segmented as; Land Development, Threshing and Harvesting, Plant Protection, After Agro Processing.

By Sales Channel:Based on the Sales Channel, South Korea Agriculture Equipment Market is segmented as; Original Equipment Manufacturers, Aftermarket.