Korea is actively producing general-purpose complete units of excavators, forklifts and loaders, but it has relied on imports for road equipment such as rollers, compactors and batching plants, lifting equipment like mobile and other type of cranes and RTLT, earth moving equipment like dozers, graders and dumpers and specialized equipment like snowplows, creating a lot of import demand for finished vehicles.
In 2017, Korea’s construction equipment production was 9 billion USD, marking an average annual increase of 10.1% in the last decade. Such remarkable growth has made it one of the nation’s key industries. In Korea, various global giants such as Doosan Infracore, Hyundai, and Volvo are manufacturing a range of vehicles including excavators, loaders, and forklift trucks. Also a number of established companies such as Soosan, Everdigm, and Junjin are developing and manufacturing a variety of vehicles and attachments like concrete pump trucks and cranes.
As a producer of 100,000 vehicles annually, Korea’s construction equipment industry imports quality parts and materials from the US, Europe, Japan and China to strengthen their quality competitiveness. Hence the Korean construction equipment industry is a very attractive market for component manufacturers overseas.
• CONEX KOREA 2017
Exhibition Period : 24 – 27 May Exhibitors : 250 companies Expected Number of Visitors : 37,000
Exhibit Categories
– Earthmoving Equipment : Excavators, Loaders, Dozers, Scrapers, Graders, etc.
– Transportation / Cargo-handling Equipment : Forklift Trucks, Cranes, Dump Trucks, Trailers, etc.
– Road Construction / Asphalt Equipment : Rollers, Asphalt Mixing Plants, Asphalt Finishers, etc.
– Concrete Equipment : Concrete Pump Trucks, Concrete Batching Plants, Concrete Mixer Trucks, etc.
– Specialized Equipment : Snowplows, Gravel Excavation Equipment, Aerial Work Platforms, Washers, etc.
– Attachments and Parts : Hydraulic Breakers, Crushers, Grapples, Rippers, Compactors, etc.
– Construction Materials : Building and Building Materials Machinery
korean-machinery.com | Blog Magazine of korean-machinery, brands and Goods
Leave a Reply