South Korea Agricultural Lubricants Market to 2032
Overview
The South Korea Agricultural Lubricants Market is expected to reach a 99.48 USD Billion by 2032 and is projected to grow at a CAGR of 5.49% from 2025 to 2032.
Revenue, 2024 (USD Billion)
71.11
Forecast, 2032 (USD Billion)
99.48
CAGR, 2024 - 2032
5.49%
Report Coverage
South Korea
South Korea Agricultural Lubricants Market 2018-2032 USD Billion
South Korea Agricultural Lubricants Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 71.11 USD Billion
- Projected Market Size (2032): 99.48 USD Billion
- CAGR (2025-2032): 5.49%
Key Findings of South Korea Agricultural Lubricants Market
- The South Korea Agricultural Lubricants Market was valued at 71.11 USD Billion in 2024.
- The South Korea Agricultural Lubricants Market is likely to grow at a CAGR of 5.49% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Petroleum-Based Lubricants in Raw Material Segment accounted for the largest share of the market with a revenue of 58.74 USD Billion
- The fastest growing segment Tractors in Agricultural Equipment Segment grew Fastest with a CAGR of 8.95% during the forecast period from 2024 to 2032.
South Korea Agricultural Lubricants Market Scope
South Korea Agricultural Lubricants Market Segmentation & Scope
Raw Material
- Bio-Based Lubricants
- Petroleum-Based Lubricants
Type
- Bar and Chain Oil
- Crankcase Oil
- Transformer Oil
- Others
- Grease
- Hydraulic Oils
- Engine Oil
Agricultural Equipment
- Grape Harvesting Machines
- Bale Wrappers
- Others
- Corn-Pickers
- Mowers and Mower-Conditioners
- Straw Blowers
- Slurry Tankers
- Fodder Mixers
- Silage Spreaders
- Fertiliser Spreaders
- Sprayers
- Hay Rakes
- Hay Tedders
- Balers
- Stone Grinders
- Circular Spike Harrows
- Verge Cutters
- Harvesters
- Tractors
Application
- Chain
- Implements
- Gear & Transmission
- Others
- Greasing
- Hydraulics
- Engines
South Korea Agricultural Lubricants Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 71.11 USD Billion |
| Market Value in 2032 | 99.48 USD Billion |
| CAGR (2025-2032) | 5.49% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Raw Material,Type,Agricultural Equipment,Application |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 71.11 USD Billion in 2024
- Key Country: South Korea, leading in terms of revenue with value of 71.11 USD Billion in 2024.
Segments and Scope
-
South Korea Agricultural Lubricants Market to 2032, By Raw Material
- Petroleum-Based Lubricants is the largest segment in South Korea Agricultural Lubricants Market to 2032 with a revenue of 58.74 USD Billion in the year 2024.
- Petroleum-Based Lubricants is the Fastest growing segment in South Korea Agricultural Lubricants Market to 2032 with a Growth rate of 5.80 % in forecast period 2025-2032.
-
South Korea Agricultural Lubricants Market to 2032, By Type
- Engine Oil is the largest segment in South Korea Agricultural Lubricants Market to 2032 with a revenue of 27.96 USD Billion in the year 2024.
- Engine Oil is the Fastest growing segment in South Korea Agricultural Lubricants Market to 2032 with a Growth rate of 6.59 % in forecast period 2025-2032.
-
South Korea Agricultural Lubricants Market to 2032, By Agricultural Equipment
- Tractors is the largest segment in South Korea Agricultural Lubricants Market to 2032 with a revenue of 14.16 USD Billion in the year 2024.
- Tractors is the Fastest growing segment in South Korea Agricultural Lubricants Market to 2032 with a Growth rate of 8.95 % in forecast period 2025-2032.
-
South Korea Agricultural Lubricants Market to 2032, By Application
- Engines is the largest segment in South Korea Agricultural Lubricants Market to 2032 with a revenue of 27.96 USD Billion in the year 2024.
- Engines is the Fastest growing segment in South Korea Agricultural Lubricants Market to 2032 with a Growth rate of 6.59 % in forecast period 2025-2032.
South Korea Agricultural Lubricants Market Company Share Analysis
| Company Name |
|
||
| TotalEnergies | |||
| BP p.l.c. | |||
| Chevron Corporation | |||
| Exxon Mobil Corporation | |||
| Eni SpA | |||
South Korea Agricultural Lubricants Market Geographical Sales Distribution, 2018-2032 USD Billion
South Korea Agricultural Lubricants Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Agricultural Lubricants Market is segmented based on Segmentation Raw Material,Type,Agricultural Equipment,Application.
South Korea Agricultural Lubricants Market was valued at USD 71.11(Revenue in USD Billion) in 2022.
South Korea Agricultural Lubricants Market is projected to grow at a CAGR of 5.49% during the forecast period of 2024 to 2032.
The Petroleum-Based Lubricants segment is expected to dominate the South Korea Agricultural Lubricants Market, holding a largest market share of 58.74 USD Billion in 2024
South Korea Agricultural Lubricants Market Scope
South Korea Agricultural Lubricants Market Segmentation & Scope
Raw Material
- Bio-Based Lubricants
- Petroleum-Based Lubricants
Type
- Bar and Chain Oil
- Crankcase Oil
- Transformer Oil
- Others
- Grease
- Hydraulic Oils
- Engine Oil
Agricultural Equipment
- Grape Harvesting Machines
- Bale Wrappers
- Others
- Corn-Pickers
- Mowers and Mower-Conditioners
- Straw Blowers
- Slurry Tankers
- Fodder Mixers
- Silage Spreaders
- Fertiliser Spreaders
- Sprayers
- Hay Rakes
- Hay Tedders
- Balers
- Stone Grinders
- Circular Spike Harrows
- Verge Cutters
- Harvesters
- Tractors
Application
- Chain
- Implements
- Gear & Transmission
- Others
- Greasing
- Hydraulics
- Engines
Frequently Asked Questions
The South Korea Agricultural Lubricants Market is segmented based on Segmentation Raw Material,Type,Agricultural Equipment,Application.
South Korea Agricultural Lubricants Market was valued at USD 71.11(Revenue in USD Billion) in 2022.
South Korea Agricultural Lubricants Market is projected to grow at a CAGR of 5.49% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Agricultural Lubricants Market for final year is USD 99.48 (USD Billion).
South Korea Agricultural Lubricants Market Company Profiling
Frequently Asked Questions
The South Korea Agricultural Lubricants Market is segmented based on Segmentation Raw Material,Type,Agricultural Equipment,Application.
South Korea Agricultural Lubricants Market was valued at USD 71.11(Revenue in USD Billion) in 2022.
South Korea Agricultural Lubricants Market is projected to grow at a CAGR of 5.49% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Agricultural Lubricants Market for final year is USD 99.48 (USD Billion).
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