IMARC Group has recently released a new research study titled “South Korea Major Home Appliances Market Report by Product (Refrigerators, Freezers, Dishwashers, Washing Machines, Cookers and Ovens, and Others), Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Online, 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 Major Home Appliances Market Overview
The South Korea major home appliances market size was valued at USD 9.8 Billion in 2024. It is projected to grow to USD 13.5 Billion by 2033, with a compound annual growth rate (CAGR) of 3.3% during the forecast period 2025-2033. Growth is driven by factors such as high disposable incomes, rapid urbanization, technological innovations, and increasing demand for space-saving and energy-efficient appliances.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
South Korea Major Home Appliances Market Key Takeaways
- Current Market Size: USD 9.8 Billion in 2024
- CAGR: 3.3% during 2025-2033
- Forecast Period: 2025-2033
- Major home appliances include refrigerators, freezers, dishwashers, washing machines, cookers and ovens, and others.
- High disposable incomes and rapid urbanization in South Korea are key growth drivers.
- Rising trend of compact living spaces boosts demand for space-efficient and energy-saving appliances.
- Growing environmental awareness and regulations increase the adoption of eco-friendly appliances.
- The aging population drives demand for appliances designed specifically for seniors.
- Government incentives and subsidies support purchases of energy-efficient products.
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