South Korea Agriculture Equipment Market Size, Share, and COVID-19 Impact Analysis, By Equipment Type (Agriculture Tractor, Harvesting Equipment, Irrigation and Crop Processing Equipment, Agriculture Spraying and Handling Equipment, Soil Preparation and Cultivation Equipment, and Others), By Application (Land Development, Threshing and Harvesting, Plant Protection, After Agro Processing), and South Korea Agriculture Equipment Market Insights, Industry Trend, Forecasts to 2035.

South Korea Agriculture Equipment Market Insights Forecasts to 2035

• The South Korea Agriculture Equipment Market Size was estimated at USD 3,349.1 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 3.93% from 2025 to 2035
• The South Korea Agriculture Equipment Market Size is Expected to Reach USD 5,115.3 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Agriculture Equipment Market Size is anticipated to reach USD 5,115.3 Million by 2035, growing at a CAGR of 3.93% from 2025 to 2035. The main factor propelling the regional market is the rising need for sophisticated machinery, which is a component of overall modernization.

Market Overview

The South Korean agriculture equipment market encompasses the manufacturing, distribution, and use of equipment and tools intended to increase agricultural efficiency and productivity are all included in the South Korean agriculture equipment market. Tractors, harvesters, irrigation systems, planting tools, and spraying devices are just a few examples of the wide variety of equipment that falls under this category. The market is defined by a combination of foreign imports and domestic production, with a strong focus on smart farming solutions and technology developments. Additionally, the market for agricultural equipment in South Korea has expanded and modernized significantly, demonstrating the country's dedication to raising agricultural productivity and efficiency. South Korea, a technologically sophisticated nation that places a high value on innovation, has adopted state-of-the-art agricultural equipment to revolutionize conventional farming methods. Furthermore, the agricultural industry has undergone a significant transformation thanks to the broad use of these cutting-edge instruments, which have allowed farmers to improve productivity, decrease manual labor, and streamline processes. The government's encouraging policies and incentives to encourage technological advancements in agriculture are a major factor driving the growth of the South Korean agricultural equipment market.

Report Coverage

This research report categorizes the market for the South Korea agriculture equipment market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea agriculture equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea agriculture equipment market.

Driving Factors

The importance of effective agricultural machinery is further highlighted by South Korea's topography, which is characterized by hilly terrain and a shortage of arable land. The market for agricultural equipment in South Korea is also changing toward smart farming technologies, which combine connectivity and data analytics to streamline decision-making. In conclusion, during the projected period, technological innovation and an emphasis on boosting agricultural productivity and sustainability are anticipated to drive market expansion nationwide.

Restraining Factors

High equipment costs, an ageing farmer population, a lack of arable land, a slow uptake of cutting-edge technologies, and a reliance on imports for specialized machinery are some of the challenges facing the South Korean agriculture equipment market.   

Market Segmentation

The South Korea agriculture equipment market share is classified into equipment type and application.

• The agriculture tractor segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea agriculture equipment market is segmented by equipment type into agriculture tractor, harvesting equipment, irrigation and crop processing equipment, agriculture spraying and handling equipment, soil preparation and cultivation equipment, and others. Among these, the agriculture tractor segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Their versatility and crucial role in a variety of farming operations, such as planting, transportation, and land preparation, are the reasons for their dominance. Farmers with small land holdings especially like tractors because they can do a variety of jobs, which boosts productivity and efficiency.

• The threshing and harvesting segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea agriculture equipment market is segmented by application into land development, threshing and harvesting, plant protection, and after agro processing. Among these, the threshing and harvesting segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This section covers the effective harvesting and threshing of crops using combine harvesters and other specialized equipment. The country's substantial rice production, where mechanized harvesting is essential to increasing productivity and lowering labor costs, is the reason for this segment's dominance.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea agriculture equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• LS Mtron
• Daedong Industrial Co., Ltd. (KIOTI)
• Tong Yang Moolsan
• Kukje Machinery
• Green Labs
• Others

Recent Developments:

• In February 2025, In Korea, Daedong introduced a new precision agriculture service that is comparable to those provided by international agricultural machinery manufacturers such as John Deere.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea agriculture equipment market based on the below-mentioned segments:

South Korea Agriculture Equipment Market, By Equipment Type

• Agriculture Tractor
• Harvesting Equipment
• Irrigation and Crop Processing Equipment
• Agriculture Spraying and Handling Equipment
• Soil Preparation and Cultivation Equipment
• Others

South Korea Agriculture Equipment Market, By Application

• Land Development
• Threshing and Harvesting
• Plant Protection
• After Agro Processing