What was the overall market valuation of the South Korea steel market in 2024?

The overall market valuation was $63.93 Billion in 2024. Read More

What is the projected market valuation for the South Korea steel market by 2035?

The projected valuation for 2035 is $91.5 Billion. Read More

What is the expected CAGR for the South Korea steel market during the forecast period 2025 - 2035?

The expected CAGR for the South Korea steel market during the forecast period 2025 - 2035 is 3.31%. Read More

Which segments contributed to the South Korea steel market's performance in 2024?

Key segments included Construction at $25.17 Billion, Automotive at $15.0 Billion, and Shipbuilding at $10.0 Billion. Read More

What are the projected values for the Construction segment by 2035?

The Construction segment is projected to reach $35.0 Billion by 2035. Read More

How does the Automotive segment's valuation change from 2024 to 2035?

The Automotive segment's valuation is expected to increase from $15.0 Billion in 2024 to $20.0 Billion by 2035. Read More

What is the projected growth for Flat Steel in the South Korea steel market?

Flat Steel is projected to grow from $20.0 Billion in 2024 to $28.0 Billion by 2035. Read More

Which manufacturing process is expected to see the highest valuation by 2035?

The Continuous Casting process is expected to reach $26.5 Billion by 2035. Read More

What is the projected valuation for the Energy application segment by 2035?

The Energy application segment is projected to grow to $21.5 Billion by 2035. Read More

Who are the key players in the South Korea steel market?

Key players include POSCO, ArcelorMittal, and China Baowu Steel Group. Read More

South Korea Steel Market

ID: MRFR/CnM/42489-HCR

111 Pages

Chitranshi Jaiswal

Last Updated: April 06, 2026

South Korea Steel Market Research Report By Steel Type Outlook (Flat Long By Steel Product Outlook (Structural Steel Prestressing Steel) and By Steel Application Outlook (Building Construction Automotive Electrical Appliance)-Forecast to 2035

Summary Table of Contents Segmentation Download PDF

1 SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
1. 1.1 EXECUTIVE SUMMARY
  1. 1.1.1 Market Overview
  2. 1.1.2 Key Findings
  3. 1.1.3 Market Segmentation
  4. 1.1.4 Competitive Landscape
  5. 1.1.5 Challenges and Opportunities
  6. 1.1.6 Future Outlook
2 SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
1. 2.1 MARKET INTRODUCTION
  1. 2.1.1 Definition
  2. 2.1.2 Scope of the study
    1. 2.1.2.1 Research Objective
    2. 2.1.2.2 Assumption
    3. 2.1.2.3 Limitations
2. 2.2 RESEARCH METHODOLOGY
  1. 2.2.1 Overview
  2. 2.2.2 Data Mining
  3. 2.2.3 Secondary Research
  4. 2.2.4 Primary Research
    1. 2.2.4.1 Primary Interviews and Information Gathering Process
    2. 2.2.4.2 Breakdown of Primary Respondents
  5. 2.2.5 Forecasting Model
  6. 2.2.6 Market Size Estimation
    1. 2.2.6.1 Bottom-Up Approach
    2. 2.2.6.2 Top-Down Approach
  7. 2.2.7 Data Triangulation
  8. 2.2.8 Validation
3 SECTION III: QUALITATIVE ANALYSIS
1. 3.1 MARKET DYNAMICS
  1. 3.1.1 Overview
  2. 3.1.2 Drivers
  3. 3.1.3 Restraints
  4. 3.1.4 Opportunities
2. 3.2 MARKET FACTOR ANALYSIS
  1. 3.2.1 Value chain Analysis
  2. 3.2.2 Porter's Five Forces Analysis
    1. 3.2.2.1 Bargaining Power of Suppliers
    2. 3.2.2.2 Bargaining Power of Buyers
    3. 3.2.2.3 Threat of New Entrants
    4. 3.2.2.4 Threat of Substitutes
    5. 3.2.2.5 Intensity of Rivalry
  3. 3.2.3 COVID-19 Impact Analysis
    1. 3.2.3.1 Market Impact Analysis
    2. 3.2.3.2 Regional Impact
    3. 3.2.3.3 Opportunity and Threat Analysis
4 SECTION IV: QUANTITATIVE ANALYSIS
1. 4.1 Industrial Automation & Equipment, BY End Use (USD Billion)
  1. 4.1.1 Construction
  2. 4.1.2 Automotive
  3. 4.1.3 Aerospace
  4. 4.1.4 Shipbuilding
  5. 4.1.5 Consumer Goods
2. 4.2 Industrial Automation & Equipment, BY Product Type (USD Billion)
  1. 4.2.1 Flat Steel
  2. 4.2.2 Long Steel
  3. 4.2.3 Metallic Coated Steel
  4. 4.2.4 Pre-Engineered Steel
  5. 4.2.5 Alloy Steel
3. 4.3 Industrial Automation & Equipment, BY Manufacturing Process (USD Billion)
  1. 4.3.1 Basic Oxygen Steelmaking
  2. 4.3.2 Electric Arc Furnace
  3. 4.3.3 Open Hearth Furnace
  4. 4.3.4 Ladle Refining Furnace
  5. 4.3.5 Continuous Casting
4. 4.4 Industrial Automation & Equipment, BY Application (USD Billion)
  1. 4.4.1 Infrastructure
  2. 4.4.2 Industrial
  3. 4.4.3 Transport
  4. 4.4.4 Packaging
  5. 4.4.5 Energy
5 SECTION V: COMPETITIVE ANALYSIS
1. 5.1 Competitive Landscape
  1. 5.1.1 Overview
  2. 5.1.2 Competitive Analysis
  3. 5.1.3 Market share Analysis
  4. 5.1.4 Major Growth Strategy in the Industrial Automation & Equipment
  5. 5.1.5 Competitive Benchmarking
  6. 5.1.6 Leading Players in Terms of Number of Developments in the Industrial Automation & Equipment
  7. 5.1.7 Key developments and growth strategies
    1. 5.1.7.1 New Product Launch/Service Deployment
    2. 5.1.7.2 Merger & Acquisitions
    3. 5.1.7.3 Joint Ventures
  8. 5.1.8 Major Players Financial Matrix
    1. 5.1.8.1 Sales and Operating Income
    2. 5.1.8.2 Major Players R&D Expenditure. 2023
2. 5.2 Company Profiles
  1. 5.2.1 ArcelorMittal (LU)
    1. 5.2.1.1 Financial Overview
    2. 5.2.1.2 Products Offered
    3. 5.2.1.3 Key Developments
    4. 5.2.1.4 SWOT Analysis
    5. 5.2.1.5 Key Strategies
  2. 5.2.2 China Baowu Steel Group (CN)
    1. 5.2.2.1 Financial Overview
    2. 5.2.2.2 Products Offered
    3. 5.2.2.3 Key Developments
    4. 5.2.2.4 SWOT Analysis
    5. 5.2.2.5 Key Strategies
  3. 5.2.3 Nippon Steel Corporation (JP)
    1. 5.2.3.1 Financial Overview
    2. 5.2.3.2 Products Offered
    3. 5.2.3.3 Key Developments
    4. 5.2.3.4 SWOT Analysis
    5. 5.2.3.5 Key Strategies
  4. 5.2.4 POSCO (KR)
    1. 5.2.4.1 Financial Overview
    2. 5.2.4.2 Products Offered
    3. 5.2.4.3 Key Developments
    4. 5.2.4.4 SWOT Analysis
    5. 5.2.4.5 Key Strategies
  5. 5.2.5 JFE Steel Corporation (JP)
    1. 5.2.5.1 Financial Overview
    2. 5.2.5.2 Products Offered
    3. 5.2.5.3 Key Developments
    4. 5.2.5.4 SWOT Analysis
    5. 5.2.5.5 Key Strategies
  6. 5.2.6 Tata Steel Limited (IN)
    1. 5.2.6.1 Financial Overview
    2. 5.2.6.2 Products Offered
    3. 5.2.6.3 Key Developments
    4. 5.2.6.4 SWOT Analysis
    5. 5.2.6.5 Key Strategies
  7. 5.2.7 Thyssenkrupp AG (DE)
    1. 5.2.7.1 Financial Overview
    2. 5.2.7.2 Products Offered
    3. 5.2.7.3 Key Developments
    4. 5.2.7.4 SWOT Analysis
    5. 5.2.7.5 Key Strategies
  8. 5.2.8 United States Steel Corporation (US)
    1. 5.2.8.1 Financial Overview
    2. 5.2.8.2 Products Offered
    3. 5.2.8.3 Key Developments
    4. 5.2.8.4 SWOT Analysis
    5. 5.2.8.5 Key Strategies
  9. 5.2.9 Steel Authority of India Limited (IN)
    1. 5.2.9.1 Financial Overview
    2. 5.2.9.2 Products Offered
    3. 5.2.9.3 Key Developments
    4. 5.2.9.4 SWOT Analysis
    5. 5.2.9.5 Key Strategies
3. 5.3 Appendix
  1. 5.3.1 References
  2. 5.3.2 Related Reports
6 LIST OF FIGURES
1. 6.1 MARKET SYNOPSIS
2. 6.2 SOUTH KOREA MARKET ANALYSIS BY END USE
3. 6.3 SOUTH KOREA MARKET ANALYSIS BY PRODUCT TYPE
4. 6.4 SOUTH KOREA MARKET ANALYSIS BY MANUFACTURING PROCESS
5. 6.5 SOUTH KOREA MARKET ANALYSIS BY APPLICATION
6. 6.6 KEY BUYING CRITERIA OF INDUSTRIAL AUTOMATION & EQUIPMENT
7. 6.7 RESEARCH PROCESS OF MRFR
8. 6.8 DRO ANALYSIS OF INDUSTRIAL AUTOMATION & EQUIPMENT
9. 6.9 DRIVERS IMPACT ANALYSIS: INDUSTRIAL AUTOMATION & EQUIPMENT
10. 6.10 RESTRAINTS IMPACT ANALYSIS: INDUSTRIAL AUTOMATION & EQUIPMENT
11. 6.11 SUPPLY / VALUE CHAIN: INDUSTRIAL AUTOMATION & EQUIPMENT
12. 6.12 INDUSTRIAL AUTOMATION & EQUIPMENT, BY END USE, 2024 (% SHARE)
13. 6.13 INDUSTRIAL AUTOMATION & EQUIPMENT, BY END USE, 2024 TO 2035 (USD Billion)
14. 6.14 INDUSTRIAL AUTOMATION & EQUIPMENT, BY END USE, 2024 TO 2035 (Kilo Tons)
15. 6.15 INDUSTRIAL AUTOMATION & EQUIPMENT, BY PRODUCT TYPE, 2024 (% SHARE)
16. 6.16 INDUSTRIAL AUTOMATION & EQUIPMENT, BY PRODUCT TYPE, 2024 TO 2035 (USD Billion)
17. 6.17 INDUSTRIAL AUTOMATION & EQUIPMENT, BY PRODUCT TYPE, 2024 TO 2035 (Kilo Tons)
18. 6.18 INDUSTRIAL AUTOMATION & EQUIPMENT, BY MANUFACTURING PROCESS, 2024 (% SHARE)
19. 6.19 INDUSTRIAL AUTOMATION & EQUIPMENT, BY MANUFACTURING PROCESS, 2024 TO 2035 (USD Billion)
20. 6.20 INDUSTRIAL AUTOMATION & EQUIPMENT, BY MANUFACTURING PROCESS, 2024 TO 2035 (Kilo Tons)
21. 6.21 INDUSTRIAL AUTOMATION & EQUIPMENT, BY APPLICATION, 2024 (% SHARE)
22. 6.22 INDUSTRIAL AUTOMATION & EQUIPMENT, BY APPLICATION, 2024 TO 2035 (USD Billion)
23. 6.23 INDUSTRIAL AUTOMATION & EQUIPMENT, BY APPLICATION, 2024 TO 2035 (Kilo Tons)
24. 6.24 BENCHMARKING OF MAJOR COMPETITORS
7 LIST OF TABLES
1. 7.1 LIST OF ASSUMPTIONS
7.1.1
1. 7.2 South Korea MARKET SIZE ESTIMATES; FORECAST
  1. 7.2.1 BY END USE, 2025-2035 (USD Billion)
  2. 7.2.2 BY END USE, 2025-2035 (Kilo Tons)
  3. 7.2.3 BY PRODUCT TYPE, 2025-2035 (USD Billion)
  4. 7.2.4 BY PRODUCT TYPE, 2025-2035 (Kilo Tons)
  5. 7.2.5 BY MANUFACTURING PROCESS, 2025-2035 (USD Billion)
  6. 7.2.6 BY MANUFACTURING PROCESS, 2025-2035 (Kilo Tons)
  7. 7.2.7 BY APPLICATION, 2025-2035 (USD Billion)
  8. 7.2.8 BY APPLICATION, 2025-2035 (Kilo Tons)
2. 7.3 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
7.3.1
1. 7.4 ACQUISITION/PARTNERSHIP
7.4.1

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South Korea Industrial Automation & Equipment Market Segmentation

Industrial Automation & Equipment By End Use (USD Billion, 2025-2035)

Construction
Automotive
Aerospace
Shipbuilding
Consumer Goods

Industrial Automation & Equipment By Product Type (USD Billion, 2025-2035)

Flat Steel
Long Steel
Metallic Coated Steel
Pre-Engineered Steel
Alloy Steel

Industrial Automation & Equipment By Manufacturing Process (USD Billion, 2025-2035)

Basic Oxygen Steelmaking
Electric Arc Furnace
Open Hearth Furnace
Ladle Refining Furnace
Continuous Casting

Industrial Automation & Equipment By Application (USD Billion, 2025-2035)

Infrastructure
Industrial
Transport
Packaging
Energy

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