South Korea Kitchen Appliance Market is anticipated to grow at a CAGR of 6.2% during the forecast period. In the last decades, the country’s GDP has developed significantly, and the per capita GDP of the people has come near to the developed economies. In October 2019, the country also announced to opt-out from the WTO, to take advantage of a developing economy. Increased per capita income, high brand awareness, and increasing adoption of smart devices also in the kitchen are some of the major factors for the growth of the South Korea kitchen appliance industry.
The South Korea kitchen appliance market is segmented based on product type, application, and distribution channels. Based on the product type, the market is sub-segmented into refrigerators, microwave, mixer & juicer and food processor, stove & hobs, dishwasher, water purifier, coffee machines, and other. Refrigerators are expected to maintain a major market share during the forecast period. Based on the application, the market is sub-segmented into a residential kitchen and commercial kitchen. Further, based on the distribution channel the market is bifurcated into the online channel and offline channel.
Multiple global and regional players are operating in the market however a large chunk of the market share goes to homegrown two multinational companies that are LG Electronics Inc., and Samsung Electronics Co. Ltd. However, with the emergence of an e-commerce website, other companies also have the opportunity to grab a significant market share in the country and to remain competitive in the market.
To Request a Sample of our Report on South Korea Kitchen Appliance Market: https://www.omrglobal.com/request-sample/south-korea-kitchen-appliances-market
South Korea Kitchen Appliance Market Report Segment
By Product Type
- Refrigerators
- Microwave
- Mixer & Juicer and Food Processors
- Stove & Hobs
- Dishwasher
- Water Purifier
- Coffee Machines
- Other
By Application
- Residential
- Commercial
By Distribution Channel
- Online Channel
- Offline Channel
A full report of South Korea Kitchen Appliance Market is available at: https://www.omrglobal.com/industry-reports/south-korea-kitchen-appliances-market
Company Profiles
- Carrier Corp.
- Koninklijke Philips N.V.
- Haier Group Corp.
- Hitachi, Ltd.
- LG Electronics Inc.
- Panasonic Corp.
- Sichuan Changhong Electric Co., Ltd.
- Samsung Electronics Co., Ltd.
- Whirlpool Corp.
- WINIA Electronics Co., Ltd.
Reasons to Buy From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
