South Korea Agricultural Harvesters Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The South Korea Agricultural Harvesters Market is witnessing a significant transformation, driven by the growing demand for efficient, large-scale farming equipment. This shift is largely influenced by technological advancements, changing agricultural practices, and an increasing need for automation. Agricultural harvesters, which are designed to handle a range of tasks from sowing to harvesting crops, are essential in South Korea's agricultural landscape, where labor shortages and the rise of precision farming are pushing farmers toward mechanization.
The market for agricultural harvesters in South Korea is classified into several types, including combine harvesters, forage harvesters, and rice harvesters. Among these, combine harvesters hold the largest share of the market, as they are versatile machines used for harvesting a variety of crops, such as wheat, barley, and soybeans. Forage harvesters, while essential in livestock farming, are also growing in demand due to the need for specialized equipment in the agricultural sector. Rice harvesters, tailored to the needs of rice farming, are crucial for South Korea, where rice remains a staple crop.
In terms of industry requirements, South Korean farmers are looking for agricultural harvesters that offer high efficiency, durability, and cost-effectiveness. They prefer equipment with advanced features, such as GPS technology, automatic steering, and high fuel efficiency, to maximize productivity. These requirements stem from the increasing operational costs, labor shortages, and the need to stay competitive in both domestic and international markets.
Government support also plays a crucial role in shaping the demand for agricultural harvesters in South Korea. Subsidies for purchasing machinery and incentives for adopting new technologies are accelerating the market's growth. Furthermore, as South Korea pushes towards sustainable farming practices, there is a rising trend of eco-friendly agricultural harvesters that meet the environmental regulations.
The South Korea Agricultural Harvesters Market is expected to grow steadily as the demand for automation and technological innovation continues to rise. With the evolving needs of modern agriculture, farmers are increasingly relying on state-of-the-art machinery that not only enhances productivity but also ensures the long-term sustainability of their operations.
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AGCO
Bernard Krone
CLAAS
CNH Industrial
Deere & Co.
Kubota
Dewulf
Foton Lovol International Heavy Industry
LeiWo
Kuhn Group
Lely Group
Ploeger Agro
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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 Agricultural Harvesters Market
Self-Propelled Harvesters
Tractor-Pulled Harvesters
Hand-Held Harvesters
Cereal and Grains
Fruits and Vegetables
Oilseeds
Others
Manual Harvesting
Mechanical Harvesting
Agricultural Contractors
Farmers
Commercial Farms
Small-Scale Farms
Diesel Engine
Gasoline Engine
Electric Engine
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Agricultural Harvesters 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 Agricultural Harvesters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Agricultural Harvesters Market, By Type
6. South Korea Agricultural Harvesters Market, By Application
7. South Korea Agricultural Harvesters Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Agricultural Harvesters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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