Industry: Construction & Manufacturing | Publish Date: 19-Oct-2024 | No of Pages: 79 | No. of Tables: 49 | No. of Figures: 34 | Format: PDF | Report Code : CM2810
The South Korea Ceramic Machinery Market size was valued at USD 35.0 million in 2023, and is predicted to reach USD 54.8 million by 2030, at a CAGR of 6.1% from 2024 to 2030.
The ceramic machinery market, also known as the ceramic manufacturing equipment market, involves the global industry that designs, produces, and distributes machinery for making ceramic products such as tiles, sanitary ware, tableware, and advanced ceramics.
This market includes equipment like crushers, grinding mills, kilns, dryers, and presses, used throughout the ceramic production process, from raw material preparation to the final product. Ceramic manufacturing equipment offers high precision for shaping, glazing, and producing ceramics, resulting in consistent product quality, faster production, and lower labor costs. It is essential for meeting the growing need for quality ceramics, supported by advancements in manufacturing technology and increased automation investments.
The rise in South Korea ceramic machinery market expansion drives significant growth in the demand for ceramic products surges, manufacturers are compelled to enhance their production capabilities to meet stringent quality standards and higher volume requirements.
This demand accelerates the adoption of advanced ceramic machinery, which provides improved precision, efficiency, and automation. According to the Observatory of Economic Complexity (OEC), South Korea exported USD 449 million in ceramic products in 2023, making it the 22nd largest global exporter. This robust export performance highlights the need for sophisticated machinery to boost production capabilities and accommodate a wider range of ceramic products.
The growth of the construction industry in South Korea significantly stimulates the demand for ceramic machinery. The sector increasingly uses ceramic materials for various applications, including tiles, fixtures, and decorative elements. Reports from the Construction Association of Korea (CAK) and the Construction & Economy Research Institute of Korea (CERIK) reveal that the construction industry generated approximately USD 166 billion in 2023.
This expansion in construction projects propels the adoption of advanced ceramic machinery, enhancing production efficiency, precision, and innovation. Manufacturers are investing in such machinery to keep pace with the industry's evolving standards and increasing demand for high-quality ceramic products.
A significant challenge for the ceramic machinery market is the high initial investment needed for advanced equipment. This substantial financial requirement creates a major barrier, particularly for smaller companies and startups, hindering their ability to invest in the latest technologies.
The large capital needed to purchase and install sophisticated machinery limits these businesses from upgrading their operations or expanding their capabilities. As a result, this financial constraint impedes overall market growth by restricting many manufacturers from adopting new, more efficient production technologies that could advance the industry.
The integration of inkjet technology offers a valuable opportunity for South Korea ceramic machinery market growth. This technology allows for high-resolution, customizable printing directly on ceramic surfaces, creating intricate designs, vibrant colors, and detailed patterns.
It meets the increasing demand for personalized and aesthetically appealing ceramics. Additionally, inkjet technology improves production efficiency by reducing reliance on traditional, labor-intensive methods, thus lowering costs and enhancing manufacturing processes. This advancement not only provides a competitive edge but also opens up new growth opportunities within the ceramic tiles, making it a key investment for future development and innovation.
Several key market players operating in the South Korea ceramic machinery industry include SACMI, CeramTec GmbH, KEDA Industrial Group Co., Ltd., Handle GmbH Maschinen und Anlagenbau, Breton S.p.A., and others.
Shaping Machines
Decorative and Glazing Machines
Kilns and Firing Machines
Raw Material Processing Machines
Storage and Handling Machines
Others Machinery
Tile
Sanitary Ware
Tableware
Technical Ceramics
Refractories
Abrasive
Construction
Automotive
Electronics
Others
SACMI
CeramTec GmbH
KEDA Industrial Group Co., Ltd.
Handle GmbH Maschinen und Anlagenbau
Breton S.p.A.
Others
Parameters |
Details |
Market Size in 2023 |
USD 35.0 Million |
Revenue Forecast in 2030 |
USD 54.8 Million |
Growth Rate |
CAGR of 6.1% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
|
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |