The market is dominated by domestic suppliers, as imports account for 6.9% of total market size in 2022. B2B drives market demand, with B2B spending representing 53.6% of total demand in 2022. South Korea has the largest market size for weapons and ammunition regionally, with demand reaching USD6.9 billion in 2022. Hyundai Rotem Co is the largest company in South Korea, generating 18.9% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 51.4% of total production value in 2022. The total number of companies increases in 2022, to 181 units. The costs of the industry increase by 3.2% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 5.4% of production value in 2022, the 18th highest regionally. The industry’s exports share increases in 2022 to 16.1% of total production output. With production value of USD7.4 billion, South Korea accounts for 40.1% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Weapons and Ammunition in South Korea: ISIC 2927. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Weapons and Ammunition in South Korea: ISIC 2927 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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