B2B drives market demand, with B2B spending representing 98.2% of total demand in 2024. South Korea has the fourth largest market size for forming of metal and powder metallurgy regionally, with demand reaching USD10.9 billion in 2024. SungWoo Hitech Co Ltd is the largest company in South Korea, generating 12.1% of the industry’s total production value in 2024. The industry is fragmented, with the top five companies generating 15.2% of total production value in 2024. The total number of companies increases in 2024, to 8,234 units. The costs of the industry increase by 6.8% in 2024, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 8.8% of production value in 2024, the 13th highest regionally. The industry’s exports share decreases in 2024 to 3.5% of total production output. With production value of USD10.3 billion, South Korea accounts for 11.2% of the Asia Pacific total in 2024.
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This Euromonitor industrial report provides unique information on Forming of Metal and Powder Metallurgy in South Korea: ISIC 2891. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Forming of Metal and Powder Metallurgy in South Korea: ISIC 2891 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Metal Products in South Korea report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
This report answers:
- What is the turnover of the Metal Products?
- How the Metal Products will perform in the future?
- Which categories are driving industry's growth?
- Which factors will shape industry’s performance?
- What is the industry’s costs and demand structure?
- How profitable is the industry?
- Is industry’s competitive landscape concentrated or fragmented?
Forming of Metal and Powder Metallurgy in South Korea: ISIC 2891
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MARKET OVERVIEW
Metal Products
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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