The market is dominated by domestic suppliers, as imports account for 31.5% of total market size in 2022. Investments drive market demand, with investments representing 49.1% of total demand in 2022. South Korea has the third largest market size for industrial air-conditioning, packaging and other general purpose machinery regionally, with demand reaching USD24.3 billion in 2022. Hanon Systems Corp is the largest company in South Korea, generating 5.2% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 11.7% of total production value in 2022. The total number of companies increases in 2022, to 11,122 units. The costs of the industry decrease by 3.4% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 12.6% of production value in 2022, the 14th highest regionally. The industry’s exports share increases in 2022 to 27.4% of total production output. With production value of USD20.6 billion, South Korea accounts for 3.8% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Industrial Air-conditioning, Packaging and Other General Purpose Machinery in South Korea: ISIC 2919. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial Air-conditioning, Packaging and Other General Purpose Machinery in South Korea: ISIC 2919 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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