The market is dominated by domestic suppliers, as imports account for 33.4% of total market size in 2023. B2B drives market demand, with B2B spending representing 52.0% of total demand in 2023. South Korea has the fifth largest market size for industrial and laboratory furnaces regionally, with demand reaching USD1.0 billion in 2023. JTEKT Thermo Systems Corp is the largest company in South Korea, generating 12.3% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 18.3% of total production value in 2023. The total number of companies increases in 2023, to 28,083 units. The costs of the industry increase by 10.4% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 4.2% of production value in 2023, the 16th highest regionally. The industry’s exports share decreases in 2023 to 32.4% of total production output. With production value of USD950 million, South Korea accounts for 11.3% of the Asia Pacific total in 2023.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF.
This Euromonitor industrial report provides unique information on Industrial and Laboratory Furnaces in South Korea: ISIC 2914. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial and Laboratory Furnaces in South Korea: ISIC 2914 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.
See All of Our DefinitionsIf you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!