South Korea Farm Equipment Market - Forecasts from 2019 to 2024

South Korea farm equipment market is expected to reach US$1,437.196 million by 2024. Two-third of the land in South Korea is either hilly or mountainous. These difficulties in the area can be reduced by the use of farm equipment as it can help in improving the quality of the agricultural produce, reduce the dependency on labor, and in completing the agricultural procedures fast. Furthermore, the increasing technological advancement in the farm equipment is also augmenting the market growth to continue in the forecasted period. However, the high cost of equipment and the growing market for used/second-hand equipment is a restraint in the growth of the market.

Segmentation:

South Korea farm equipment market can be segmented based on type, function, and application period.

By Type

• Combines
• Plows
• Sprayers
• Planters
• Others

By Function

• Plowing & Cultivating
• Sowing & Planting
• Plant Protection & Fertilizing
• Harvesting & Threshing

By Application Period

• Pre-Harvesting
• During and Post-Harvesting

Unique reasons to buy South Korea farm equipment market report-

1. In-depth analysis with sufficient data points and references included.
2. Best possible insights in addition to detailed analysis of drivers and restraints.
3. Comparison between the market players and in-depth analysis of their strategies through competitive benchmarking.
4. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments.
5. The report can also be provided in both PowerPoint and Portable Document Formats depending upon the request.

Scope of research of South Korea farm equipment market:

1. The forecast period is from 2019 to 2024 with 2018 as the base year.
2. Leading industry trends and regulations, key business opportunities, drivers and restraints.
3. Strategies of the key players in analyzing the competitive benchmarking are provided in the report.
4. Corporate profiles of leading players along with their financial profiles across regions and industry verticals can be provided on customization requests.