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Microwaves in South Korea

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    Report

  • 36 Pages
  • December 2023
  • Region: South Korea
  • Euromonitor International
  • ID: 1576493
South Korea experienced a 3.7% inflation rate in September 2023, the highest in five months since April. This increase follows a peak inflation rate of 6.3% in July 2022, which then gradually decreased to 2.3% by July 2023. As the cost of living continues to rise, consumers are becoming increasingly cautious with their spending.

The Microwaves 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 2018-2022, 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 2027 illustrate how the market is set to change.

Product coverage: Built-in Microwaves, Freestanding Microwaves.

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

Why buy this report?

  • Get a detailed picture of the Microwaves 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.

Table of Contents

MICROWAVES IN SOUTH KOREAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Two consecutive years of volume decline as consumers restrict expenditure during period of economic instability
  • Manufacturers are actively promoting multifunctional microwaves to boost sales
  • Food company Pulmuone launches microwave
PROSPECTS AND OPPORTUNITIES
  • Microwaves expected to experience stagnation over the forecast period
  • Increasing consumption of ready meals will help sustain microwaves
  • Microwave purchases via e-commerce set to further rise
CATEGORY DATA
  • Table 1 Sales of Microwaves by Category: Volume 2018-2023
  • Table 2 Sales of Microwaves by Category: Value 2018-2023
  • Table 3 Sales of Microwaves by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Microwaves by Category: % Value Growth 2018-2023
  • Table 5 Sales of Microwaves by Smart Appliances: % Volume 2019-2023
  • Table 6 NBO Company Shares of Microwaves: % Volume 2019-2023
  • Table 7 LBN Brand Shares of Microwaves: % Volume 2020-2023
  • Table 8 Distribution of Microwaves by Format: % Volume 2018-2023
  • Table 9 Production of Microwaves: Total Volume 2018-2023
  • Table 10 Forecast Sales of Microwaves by Category: Volume 2023-2028
  • Table 11 Forecast Sales of Microwaves by Category: Value 2023-2028
  • Table 12 Forecast Sales of Microwaves by Category: % Volume Growth 2023-2028
  • Table 13 Forecast Sales of Microwaves by Category: % Value Growth 2023-2028
CONSUMER APPLIANCES IN SOUTH KOREA
EXECUTIVE SUMMARY
  • Consumer appliances in 2023: The big picture
  • 2023 key trends
  • Competitive landscape
  • Retailing developments
  • What next for consumer appliances?
MARKET INDICATORS
  • Table 14 Household Penetration of Selected Total Stock Consumer Appliances by Category 2018-2024
  • Table 15 Replacement Cycles of Consumer Appliances by Category 2018-2024
MARKET DATA
  • Table 16 Sales of Consumer Appliances by Category: Volume 2018-2023
  • Table 17 Sales of Consumer Appliances by Category: Value 2018-2023
  • Table 18 Sales of Consumer Appliances by Category: % Volume Growth 2018-2023
  • Table 19 Sales of Consumer Appliances by Category: % Value Growth 2018-2023
  • Table 20 Sales of Major Appliances by Category and Built-in/Freestanding Split: Volume 2018-2023
  • Table 21 Sales of Major Appliances by Category and Built-in/Freestanding Split: Value 2018-2023
  • Table 22 Sales of Major Appliances by Category and Built-in/Freestanding Split: % Volume Growth 2018-2023
  • Table 23 Sales of Major Appliances by Category and Built-in/Freestanding Split: % Value Growth 2018-2023
  • Table 24 Sales of Small Appliances by Category: Volume 2018-2023
  • Table 25 Sales of Small Appliances by Category: Value 2018-2023
  • Table 26 Sales of Small Appliances by Category: % Volume Growth 2018-2023
  • Table 27 Sales of Small Appliances by Category: % Value Growth 2018-2023
  • Table 28 NBO Company Shares of Major Appliances: % Volume 2019-2023
  • Table 29 LBN Brand Shares of Major Appliances: % Volume 2020-2023
  • Table 30 NBO Company Shares of Small Appliances: % Volume 2019-2023
  • Table 31 LBN Brand Shares of Small Appliances: % Volume 2020-2023
  • Table 32 Distribution of Major Appliances by Format: % Volume 2018-2023
  • Table 33 Distribution of Small Appliances by Format: % Volume 2018-2023
  • Table 34 Forecast Sales of Consumer Appliances by Category: Volume 2023-2028
  • Table 35 Forecast Sales of Consumer Appliances by Category: Value 2023-2028
  • Table 36 Forecast Sales of Consumer Appliances by Category: % Volume Growth 2023-2028
  • Table 37 Forecast Sales of Consumer Appliances by Category: % Value Growth 2023-2028
  • Table 38 Forecast Sales of Major Appliances by Category and Built-in/Freestanding Split: Volume 2023-2028
  • Table 39 Forecast Sales of Major Appliances by Category and Built-in/Freestanding Split: Value 2023-2028
  • Table 40 Forecast Sales of Major Appliances by Category and Built-in/Freestanding Split: % Volume Growth 2023-2028
  • Table 41 Forecast Sales of Major Appliances by Category and Built-in/Freestanding Split: % Value Growth 2023-2028
  • Table 42 Forecast Sales of Small Appliances by Category: Volume 2023-2028
  • Table 43 Forecast Sales of Small Appliances by Category: Value 2023-2028
  • Table 44 Forecast Sales of Small Appliances by Category: % Volume Growth 2023-2028
  • Table 45 Forecast Sales of Small Appliances by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources