IMARC Group has recently released a new research study titled “South Korea Home Appliances Market Report by Product (Major Appliances, Small Appliances), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, E-commerce, and Others), and Region 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
South Korea Home Appliances Market Overview
The South Korea home appliances market size reached USD 12.2 Billion in 2024 and is projected to reach USD 15.2 Billion by 2033, growing at a CAGR of 2.5% during 2025-2033. This growth is driven by rising adoption of eco-friendly and technologically advanced appliances, shifting consumer preferences, and a continuous influx of new product launches amid intense competition.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
South Korea Home Appliances Market Key Takeaways
- Current Market Size (2024): USD 12.2 Billion
- CAGR (2025-2033): 2.5%
- Forecast Period: 2025-2033
- The market growth is fueled by increasing preference for smart appliances offering connectivity and automation.
- Government initiatives promoting energy efficiency are encouraging eco-friendly appliance adoption.
- Continuous innovations in product design and smart technologies enhance consumer appeal.
- Intense competition among manufacturers results in frequent product launches and improvements.
- Growth is supported by rapid urbanization, aging population, and expansion of e-commerce.
Sample Request Link: https://www.imarcgroup.com/south-korea-home-appliances-market/requestsample
