South Korea Agricultural machinery Market (2025-2031) | Forecast, Growth, Share, Outlook, Revenue, Size, Analysis, Trends, Value, Industry & Companies

South Korea Agricultural machinery Market Highlights

Report Name	South Korea Agricultural machinery Market
Forecast period	2025-2031
CAGR	5.8%
Growing Sector	Automobile

Topics Covered in the South Korea Agriculture Machinery Market Report

The South Korea Agriculture Machinery Market report thoroughly covers the market by Product Type. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

South Korea Agriculture Machinery Market Synopsis

The agriculture machinery market in South Korea is witnessing significant growth due to the adoption of mechanization, rising labour costs, and technological advancements. However, limited land resources remain a challenge for further expansion. The government's support and favourable policies are driving the market towards modernization and efficiency. Overall, the industry is expected to experience strong growth in the coming years.

According to 6Wresearch, South Korea Agriculture Machinery Market size is expected to grow at a significant CAGR of 5.8% during 2025-2031. One of the major drivers of the agriculture machinery market in South Korea is the government's focus on modernizing and increasing efficiency in the agricultural sector. The government has implemented various initiatives and policies to incentivize farmers to adopt advanced farming techniques and equipment. This has created a demand for agriculture machinery in South Korea.

Another driving factor is the growing adoption of precision farming practices in South Korea. Precision farming involves using technology and data analysis to optimize crop production, reduce waste, and improve overall farm productivity. This requires specialized machinery such as GPS-guided tractors, drones for crop monitoring, and automated irrigation systems. However, one of the main challenges is the high cost of machinery, which makes it difficult for small and medium-sized farmers to invest. Additionally, the lack of skilled labour in operating and maintaining advanced machinery poses a challenge for adoption. Additionally, the agriculture sector in South Korea faces competition from imported machinery, particularly from other Asian countries such as China and Japan.

South Korea Agriculture Machinery Market: Leading Players

Kubota Corporation is a Japanese company that specializes in manufacturing agricultural and construction equipment such as tractors, combine harvesters, and rice transplanters. Yanmar is another Japanese company that has a strong presence in the South Korean agriculture machinery market. They offer a wide range of products including tractors, combine harvesters, and rice transplanters. John Deere is an American company that has been operating in the South Korean market since 2005 and offers a wide range of agriculture machinery products such as tractors, harvesters, sprayers, and drills. CNH Industrial is an Italian-American company that manufactures agricultural equipment under various brands such as Case IH, New Holland Agriculture, and Steyr. They have been operating in the South Korean market since 2005 and offer a diverse range of products including tractors.

South Korea Agriculture Machinery Market: Government Regulations

There are several initiatives that the South Korean government has taken in recent years to boost the agriculture machinery market. One of the major initiatives is the implementation of smart farming technologies. The government has been actively promoting and investing in precision agriculture techniques such as GPS-guided tractors, drones, and sensor-based crop monitoring systems. The government has also launched various subsidy programs to support farmers in adopting modern equipment. This has encouraged many small-scale and traditional farmers to upgrade their equipment and improve their production efficiency. Furthermore, the government is also focusing on developing and promoting locally manufactured agriculture machinery. Another significant step taken by the government is the establishment of agricultural technology innovation centres across the country. These centres serve as a platform for research and development, testing, and commercialization of new farming technologies.

Future Insights of the South Korea Agricultural Machinery Market

The South Korea Agriculture Machinery Market is expected to witness significant growth in the coming years due to the increasing demand for food production, driven by a growing population. The market is also likely to experience advancements in technology, with a focus on precision farming techniques such as GPS-based systems and sensors. Smart farming solutions are also expected to gain popularity in the country, leading to increased adoption of agricultural machinery. Furthermore, the government’s initiatives and support for the modernization of agriculture are also expected to contribute to market growth.

Market Segmentation by Product Type

According to Ravi Bhandari, Research Head, 6Wresearch, the tractors segment is dominating the market. This can be attributed to their versatility, as they can perform multiple tasks such as ploughing, cultivating, planting and harvesting. Tractors also require less human labour, making them a popular choice among farmers.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• South Korea Agricultural Machinery Market Outlook
• Market Size of South Korea Agricultural Machinery Market, 2024
• Forecast of South Korea Agricultural Machinery Market, 2031
• Historical Data and Forecast of South Korea Agricultural Machinery Revenues & Volume for the Period 2021-2031
• South Korea Agricultural Machinery Market Trend Evolution
• South Korea Agricultural Machinery Market Drivers and Challenges
• South Korea Agricultural Machinery Price Trends
• South Korea Agricultural Machinery Porter's Five Forces
• South Korea Agricultural Machinery Industry Life Cycle
• Historical Data and Forecast of South Korea Agricultural Machinery Market Revenues & Volume By Product Type for the Period 2021-2031
• Historical Data and Forecast of South Korea Agricultural Machinery Market Revenues & Volume By Tractors for the Period 2021-2031
• Historical Data and Forecast of South Korea Agricultural Machinery Market Revenues & Volume By Plowing and Cultivating Machinery for the Period 2021-2031
• Historical Data and Forecast of South Korea Agricultural Machinery Market Revenues & Volume By Planting Machinery for the Period 2021-2031
• Historical Data and Forecast of South Korea Agricultural Machinery Market Revenues & Volume By Irrigation Machinery for the Period 2021-2031
• Historical Data and Forecast of South Korea Agricultural Machinery Market Revenues & Volume By Harvesting Machinery for the Period 2021-2031
• Historical Data and Forecast of South Korea Agricultural Machinery Market Revenues & Volume By Others for the Period 2021-2031
• South Korea Agricultural Machinery Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• South Korea Agricultural Machinery Top Companies Market Share
• South Korea Agricultural Machinery Competitive Benchmarking By Technical and Operational Parameters
• South Korea Agricultural Machinery Company Profiles
• South Korea Agricultural Machinery Key Strategic Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments:

By Product Type

• Tractors
• Ploughing And Cultivating Machinery
• Planting Machinery
• Irrigation Machinery
• Harvesting Machinery
• Others