South Korea Agricultural Machinery Engine Crankshafts Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030.
The South Korea Agricultural Machinery Engine Crankshafts Market is experiencing notable growth, driven by increasing demand from the agricultural sector. As the global agricultural industry continues to modernize, the need for advanced machinery, particularly engines with high-performance crankshafts, has surged. The agricultural machinery engine crankshafts market plays a crucial role in ensuring the efficiency and durability of agricultural machinery used in various tasks, such as plowing, harvesting, and irrigation.
Among the different types of engine crankshafts in the South Korean market, the most sought-after are those made from high-strength materials like forged steel. These crankshafts provide superior durability and resistance to wear and tear, making them ideal for heavy-duty agricultural machinery. Additionally, crankshafts designed with advanced technologies such as balanced flywheels and improved lubrication systems are gaining popularity, as they enhance engine performance and reduce operational costs over time.
Demand for agricultural machinery engine crankshafts is being driven by several factors. Firstly, South Korea's commitment to expanding its agricultural automation and machinery usage is pivotal in shaping market dynamics. With a focus on increasing crop yields and reducing manual labor, the agriculture industry is investing in machinery that can operate for longer hours without downtime. As a result, crankshafts that offer higher reliability and performance are essential.
Industries requiring these crankshafts span across various sectors, including farming, equipment manufacturers, and repair services. Additionally, the rise in the adoption of electric and hybrid engines in agricultural machinery is expected to influence the market, leading to the development of more innovative and energy-efficient crankshaft solutions.
The agricultural machinery engine crankshafts market is also witnessing increasing interest from global manufacturers aiming to enter the South Korean market. With its advanced infrastructure and technological expertise, South Korea offers an attractive market for suppliers and manufacturers of high-performance crankshafts.
Get an In-Depth Research Analysis of the South Korea Agricultural Machinery Engine Crankshafts Market Size And Forecast [2025-2032]
Nippon Steel Integrated Crankshaft LLC
Millang Sazan
Hema Driveline and Hydraulics Inc.
Maschinenfabrik Alfing Kessler GmbH
Mahindra CIE Ltd.
Tianrun Industry Technology Co.
ltd.
Bharat Forge
Lincoln Crankshaft & Machine Ltd
Bifrangi UK Ltd
Ohio Crankshaft
Qingdao Desheng Machine ManufactureCo.
Ltd
FEUER powertrain Group
GLMW
Guilin Fuda Co.
ltd.
Liaoning 518 Internal Combustion Engine Parts Co.
Ltd.
STROJÃRNY POLDI
as
Jiangsu World Electrical Group Co.
Ltd.
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 Machinery Engine Crankshafts Market
Internal Combustion Engine
Electric Engine
Hybrid Engine
Single Cylinder Crankshaft
Multi-Cylinder Crankshaft
Cast Iron Crankshaft
Forged Steel Crankshaft
Alloy Steel Crankshaft
Tractors
Harvesters
Plows
Seeders
Agricultural Equipment Manufacturers
Aftermarket Sales
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Agricultural Machinery Engine Crankshafts 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 Machinery Engine Crankshafts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Agricultural Machinery Engine Crankshafts Market, By Type
6. South Korea Agricultural Machinery Engine Crankshafts Market, By Application
7. South Korea Agricultural Machinery Engine Crankshafts Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Agricultural Machinery Engine Crankshafts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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