South Korea is one of the Asian Tigers, with one of the world's fastest-growing economies from the early 1960s to the late 1990s. South Korea is still one of the fastest-growing countries in the 2000s, along with Hong Kong, Singapore, and Taiwan. South Koreans have adopted the western culture earlier than the other Asian countries primarily because of the per capital income. The unorganized sector in the South Korean water purifier market comprises of small & local manufacturers. Unorganized players get advantage of cost but as the per capital income of Koreans were higher, unorganized players could not gain much ground in the water purifier industry. South Korean water purifier industry has seen tremendous growth in last three years due to which the market size has doubled in last three years. The reason for the growth of water purifier industry is due to affordable rental system, increasing health consciousness and increasing disposable income.
According to “South Korea Water Purifier Market Forecast & Opportunities, 2017” South Korean organized water purifier market is expected to grow with the CAGR of around 16% for next five years which is anticipated to close US$ 3.8 Billion revenues by 2017. The affordable rental system, rising disposable income and increasing health consciousness among South Korean consumers is driving sales for water purifiers in the region. The reverse osmosis based Water purifiers have been leading the market with nearly in 2011. The standalone electronic stores have emerged as the most successful sales channel for water purifiers in South Korea in 2011. South Korea Water Purifier Plants Market Forecast & Opportunities, 2017” includes:
Competitive Landscape and Strategic Recommendations
Why you should buy this report
To gain an in-depth understanding of water Purifier market dynamics in South Korea.
To identify the on-going trends and anticipated growth in the coming years
To help industry consultants, water purifier manufacturers and other stakeholders to align their market-centric strategies
To obtain research based business decision and add weight to presentations and marketing materials.
To gain competitive knowledge of leading players.
To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs.
The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with stakeholders of water purifier industry such as Manufacturers, Distributors, Dealers and Consumers. Secondary research included an exhaustive search of relevant publications like newspapers, websites, and proprietary databases.
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