South Korea Major Home Appliances Market Report and Forecast 2025-2034
Description
The South Korea major home appliances market size reached approximately USD 5.60 Billion in 2024. The market is further projected to grow at a CAGR of 4.10% between 2025 and 2034, reaching a value of USD 8.37 Billion by 2034.
Key Trends in the Market
Major home appliances refer to large electrical appliances that are used for both domestic and commercial applications. These semi-portable and non-portable appliances are used for routine housekeeping activities including washing, cooking, cleaning, and food preservation, among others. These appliances include dishwashers, washing machines, and refrigerators, among others.
The EMR’s report titled “South Korea Major Home Appliances Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Dish washers account for a significant South Korea major home appliances market share. The increasing lifestyle complexities and hectic work schedules eliminate the availability of spare time for completion of household chores including washing, boosting the demand for dish washers in South Korea. The product aids in water conservation and is available in various sizes, from full sized family options to slimline dishwashers, allowing the consumers to choose the size most suitable for their requirements.
Market Share by Distribution Channel
Online distribution channels are anticipated to witness significant growth over the forecast period. This growth can be attributed to the various convenient facilities offered by the services including at door delivery, availability of a wide range of products and brands, and discount codes and offers, among others. The presence of detailed product descriptions and customer reviews allows individuals to select the product that is most suitable to their requirements. The strong purchasing power of the consumers coupled with hectic wok schedules are boosting the South Korea major home appliances market demand.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Robert Bosch GmbH
Robert Bosch GmbH, headquartered in Gerlingen, Germany, is known for offering innovative solutions for smart homes and is pursuing a vision for mobility that is both sustainable and safe. The company also specialises in sustainable technology and artificial intelligence, among others.
Electrolux AB
Electrolux AB, headquartered in Stockholm, Sweden, is involved in the manufacture of small appliances, vacuum cleaners, washing machines, refrigerators, ovens, and cookers, among others. The company was founded in 1919.
Haier Inc.
Haier Inc. is one of the leading household appliances manufacturing companies that was founded in 1984. The company manufactures televisions, microwave ovens, water heaters, washing machines, and air conditioners, among others.
Other South Korea major home appliances market key players include LG Electronics Inc., Panasonic Holdings Corp., Samsung Electronics Co, Ltd., Whirlpool Corporation, Mitsubishi Electric Corporation, and Hisense International Co., Ltd. (Gorenje), among others.
Key Trends in the Market
Major home appliances refer to large electrical appliances that are used for both domestic and commercial applications. These semi-portable and non-portable appliances are used for routine housekeeping activities including washing, cooking, cleaning, and food preservation, among others. These appliances include dishwashers, washing machines, and refrigerators, among others.
- The increasing lifestyle complexities and disposable incomes are aiding the South Korea major home appliances market growth. Appliance including washing machines and dishwashers aid in convenient and swift completion of washing dishes and clothes, allowing the individuals to save time.
- The rising requirement for energy efficient appliances owing to increasing environmental concerns among the population of South Korea is supporting the market expansion. Various manufacturers are increasingly investing towards the development and availability of major home appliances that are environmentally sustainable as well as economically efficient.
- The growing adoption of aggressive promotional and marketing strategies by the key market players is providing lucrative growth opportunities to the market. These strategies include the deployment of social media for reaching the ideal audience in a more targeted manner.
The EMR’s report titled “South Korea Major Home Appliances Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Refrigerators
- Freezers
- Dishwashers
- Washing Machines
- Cookers and Ovens
- Others
- Hypermarkets and Supermarkets
- Speciality Stores
- Online
- Other
Dish washers account for a significant South Korea major home appliances market share. The increasing lifestyle complexities and hectic work schedules eliminate the availability of spare time for completion of household chores including washing, boosting the demand for dish washers in South Korea. The product aids in water conservation and is available in various sizes, from full sized family options to slimline dishwashers, allowing the consumers to choose the size most suitable for their requirements.
Market Share by Distribution Channel
Online distribution channels are anticipated to witness significant growth over the forecast period. This growth can be attributed to the various convenient facilities offered by the services including at door delivery, availability of a wide range of products and brands, and discount codes and offers, among others. The presence of detailed product descriptions and customer reviews allows individuals to select the product that is most suitable to their requirements. The strong purchasing power of the consumers coupled with hectic wok schedules are boosting the South Korea major home appliances market demand.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Robert Bosch GmbH
Robert Bosch GmbH, headquartered in Gerlingen, Germany, is known for offering innovative solutions for smart homes and is pursuing a vision for mobility that is both sustainable and safe. The company also specialises in sustainable technology and artificial intelligence, among others.
Electrolux AB
Electrolux AB, headquartered in Stockholm, Sweden, is involved in the manufacture of small appliances, vacuum cleaners, washing machines, refrigerators, ovens, and cookers, among others. The company was founded in 1919.
Haier Inc.
Haier Inc. is one of the leading household appliances manufacturing companies that was founded in 1984. The company manufactures televisions, microwave ovens, water heaters, washing machines, and air conditioners, among others.
Other South Korea major home appliances market key players include LG Electronics Inc., Panasonic Holdings Corp., Samsung Electronics Co, Ltd., Whirlpool Corporation, Mitsubishi Electric Corporation, and Hisense International Co., Ltd. (Gorenje), among others.
Table of Contents
114 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Asia Pacific Major Home Appliances Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Major Home Appliances Historical Market (2018-2024)
- 5.3 Asia Pacific Major Home Appliances Market Forecast (2025-2034)
- 6 South Korea Major Home Appliances Market Overview
- 6.1 Key Industry Highlights
- 6.2 South Korea Major Home Appliances Historical Market (2018-2024)
- 6.3 South Korea Major Home Appliances Market Forecast (2025-2034)
- 7 South Korea Major Home Appliances Market by Product
- 7.1 Refrigerators
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Freezers
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Dishwashers
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Washing Machines
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Cookers and Ovens
- 7.5.1 Historical Trend (2018-2024)
- 7.5.2 Forecast Trend (2025-2034)
- 7.6 Others
- 8 South Korea Major Home Appliances Market by Distribution Channel
- 8.1 Hypermarkets and Supermarkets
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Speciality Stores
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Online
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Other
- 9 Market Dynamics
- 9.1 SWOT Analysis
- 9.1.1 Strengths
- 9.1.2 Weaknesses
- 9.1.3 Opportunities
- 9.1.4 Threats
- 9.2 Porter’s Five Forces Analysis
- 9.2.1 Supplier’s Power
- 9.2.2 Buyer’s Power
- 9.2.3 Threat of New Entrants
- 9.2.4 Degree of Rivalry
- 9.2.5 Threat of Substitutes
- 9.3 Key Indicators for Demand
- 9.4 Key Indicators for Price
- 10 Competitive Landscape
- 10.1 Supplier Selection
- 10.2 Key Global Players
- 10.3 Key Regional Players
- 10.4 Key Player Strategies
- 10.5 Company Profiles
- 10.5.1 Robert Bosch GmbH
- 10.5.1.1 Company Overview
- 10.5.1.2 Type Portfolio
- 10.5.1.3 Demographic Reach and Achievements
- 10.5.1.4 Certifications
- 10.5.2 Electrolux AB
- 10.5.2.1 Company Overview
- 10.5.2.2 Type Portfolio
- 10.5.2.3 Demographic Reach and Achievements
- 10.5.2.4 Certifications
- 10.5.3 Haier Inc.
- 10.5.3.1 Company Overview
- 10.5.3.2 Type Portfolio
- 10.5.3.3 Demographic Reach and Achievements
- 10.5.3.4 Certifications
- 10.5.4 LG Electronics Inc.
- 10.5.4.1 Company Overview
- 10.5.4.2 Type Portfolio
- 10.5.4.3 Demographic Reach and Achievements
- 10.5.4.4 Certifications
- 10.5.5 Panasonic Holdings Corp.
- 10.5.5.1 Company Overview
- 10.5.5.2 Type Portfolio
- 10.5.5.3 Demographic Reach and Achievements
- 10.5.5.4 Certifications
- 10.5.6 Samsung Electronics Co, Ltd.
- 10.5.6.1 Company Overview
- 10.5.6.2 Type Portfolio
- 10.5.6.3 Demographic Reach and Achievements
- 10.5.6.4 Certifications
- 10.5.7 Whirlpool Corporation
- 10.5.7.1 Company Overview
- 10.5.7.2 Type Portfolio
- 10.5.7.3 Demographic Reach and Achievements
- 10.5.7.4 Certifications
- 10.5.8 Mitsubishi Electric Corporation
- 10.5.8.1 Company Overview
- 10.5.8.2 Type Portfolio
- 10.5.8.3 Demographic Reach and Achievements
- 10.5.8.4 Certifications
- 10.5.9 Hisense International Co., Ltd. (Gorenje)
- 10.5.9.1 Company Overview
- 10.5.9.2 Type Portfolio
- 10.5.9.3 Demographic Reach and Achievements
- 10.5.9.4 Certifications
- 10.5.10 Others
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