South Korea Major Home Appliances Market Report by Product (Refrigerators, Freezers, Dishwashers, Washing Machines, Cookers and Ovens, and Others), Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Online, and Others), and Region 2024-2032

South Korea Major Home Appliances Market Report by Product (Refrigerators, Freezers, Dishwashers, Washing Machines, Cookers and Ovens, and Others), Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Online, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A17787
Buy Now

Market Overview: 

South Korea major home appliances market size is projected to exhibit a growth rate (CAGR) of 2.3% during 2024-2032. The high disposable incomes of individuals, rapid urbanization, significant technological innovations, the rising trend of compact living spaces and consequently rising preference for space-saving and energy-efficient appliances, represent some of the key factors fueling the market growth.

Report Attribute
 Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Growth Rate (2024-2032) 2.3%


Major home appliances are essential household devices designed to perform various tasks, simplifying daily lives. These appliances are characterized by their significant size and function within a home. They work on the principles of electricity, gas, or water to carry out specific tasks efficiently. The advantages of major home appliances lie in their ability to save time and effort, enhancing convenience and comfort. They find extensive use across various aspects of domestic life, ranging from cooking and cleaning to food preservation and climate control. Major home appliances operate based on diverse mechanisms, but they all share the commonality of making tasks more manageable. Their advantages are numerous, such as they offer convenience by automating labor-intensive tasks. Dishwashers, for instance, eliminate the need for handwashing dishes, freeing up time for other activities. Additionally, these appliances often provide improved precision and consistency in their respective functions, leading to better outcomes. Moreover, major home appliances contribute to energy efficiency and environmental sustainability, as modern models are designed to consume less energy and water, reducing utility bills and minimizing their ecological footprint. 

South Korea Major Home Appliances Market Trends: 

The South Korea major home appliances market is influenced by several key drivers, such as the country's high-income levels and a strong focus on technological advancements. Moreover, the growing urbanization and the trend toward smaller living spaces have increased the demand for space-efficient and multifunctional appliances, which is propelling the market growth. In line with this, escalating environmental consciousness and energy efficiency regulations are pushing consumers towards eco-friendly appliances, resulting in a shift towards energy-efficient models, further accelerating the market growth. Additionally, the burgeoning aging population in South Korea has led to increased interest in appliances designed for seniors, further boosting the market growth. This is further supported by the surging product application amidst COVID-19. Furthermore, the rising popularity of stylish and aesthetically pleasing appliances is further fueling the market growth. Apart from this, government incentives and subsidies for purchasing energy-efficient appliances, high disposable income, and shifting focus on home improvement projects are stimulating the market growth.

South Korea Major Home Appliances Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product and distribution channel.

Product Insights:

south korea major home appliances market

  • Refrigerators
  • Freezers
  • Dishwashers
  • Washing Machines
  • Cookers and Ovens
  • Others
     

The report has provided a detailed breakup and analysis of the market based on the product. This includes refrigerators, freezers, dishwashers, washing machines, cookers and ovens, and others.

Distribution Channel Insights:

  • Hypermarkets and Supermarkets
  • Specialty Stores
  • Online
  • Others
     

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes hypermarkets and supermarkets, specialty stores, online, and others.

Regional Insights:

south korea major home appliances market By Region

  • Seoul Capital Area
  • Yeongnam (Southeastern Region)
  • Honam (Southwestern Region)
  • Hoseo (Central Region)
  • Others
     

The report has also provided a comprehensive analysis of all the major regional markets, which include Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the key players include:

  • BSH Home Appliances Pte. Ltd.
  • Dong Yang Diecasting Co. Ltd.
  • Electrolux Korea Ltd.
  • Haier Electronic Sales Co. Ltd.
  • LG Electronics Inc.
  • Panasonic Korea Co. Ltd.
  • Samsung Electronics Co. Ltd.
  • Whirlpool Korea
     

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

South Korea Major Home Appliances Market Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: 
  • Product
  • Distribution Channel
  • Region
Products Covered Refrigerators, Freezers, Dishwashers, Washing Machines, Cookers and Ovens, Others
Distribution Channels Covered Hypermarkets and Supermarkets, Specialty Stores, Online, Others
Regions Covered Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), Others
Companies Covered BSH Home Appliances Pte. Ltd., Dong Yang Diecasting Co. Ltd., Electrolux Korea Ltd., Haier Electronic Sales Co. Ltd., LG Electronics Inc., Panasonic Korea Co. Ltd., Samsung Electronics Co. Ltd., Whirlpool Korea, etc. (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the South Korea major home appliances market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the South Korea major home appliances market?
  • What is the breakup of the South Korea major home appliances market on the basis of product?
  • What is the breakup of the South Korea major home appliances market on the basis of distribution channel?
  • What are the various stages in the value chain of the South Korea major home appliances market? 
  • What are the key driving factors and challenges in the South Korea major home appliances?
  • What is the structure of the South Korea major home appliances market and who are the key players?
  • What is the degree of competition in the South Korea major home appliances market? 

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the South Korea major home appliances market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the South Korea major home appliances market.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the South Korea major home appliances industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
South Korea Major Home Appliances Market Report by Product (Refrigerators, Freezers, Dishwashers, Washing Machines, Cookers and Ovens, and Others), Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Online, and Others), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARATI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More
DEinternational Egypt

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

Read More