Consumer Appliances in South Korea

Sales of consumer appliances flourished in South Korea during the pandemic, as people were eager to invest in improving their home environment. However, with high prices and rising interest rates from 2022, purchasing power significantly weakened, and demand noticeably dropped, and this declining trend is expected to be maintained in 2024, although sales are set to remain above the pre-pandemic (2019) level.

The Consumer Appliances in South Korea report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2020-2024, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, format trends or distribution issues. Forecasts to 2029 illustrate how the market is set to change.

Product coverage: Major Appliances, Small Appliances.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Consumer Appliances market
• Pinpoint growth sectors and identify factors driving change
• Understand the competitive environment, the market’s major players and leading brands
• Use five-year forecasts to assess how the market is predicted to develop.