The South Korea Major Home Appliances Market report segments the industry into By Product (Refrigerators, Freezers, Dishwashers, Washing Machines, Cookers and Ovens, Other Products) and By Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, E-commerce/Online, Other Distribution Channels). Get five years of historical data alongside five-year market forecasts.

South Korea Home Appliances Market is Segmented by Major Appliances (Refrigerators, Freezers, and More), Small Appliances (Vacuum Cleaners, Grills and Roasters, and More), and Distribution Channel (Multi-Brand Stores, Exclusive Brand Outlets, Online, and More, and by Geography (Chungcheong, Gangwon, Gyeonggi, Gyeongsang, Jeolla, and Jeju). The Market Forecasts are Provided in Terms of Value (USD).

This statistic shows the change in consumer spending on electric household appliances and housewares in South Korea from 2011 to 2013, with projections up until 2018. It is forecasted that the expenditure will grow by *** percent in 2018 on 2017.

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Household Appliance Market Size 2025-2029

The household appliance market size is forecast to increase by USD 124.1 billion at a CAGR of 5% between 2024 and 2029.

The market is experiencing significant growth, driven by product innovation and advancement leading to portfolio extension and product premiumization. Consumers are increasingly seeking advanced and multi-functional appliances to enhance their daily living experiences. This trend is particularly prominent in developed markets, where households are characterized by smaller sizes and a higher disposable income. Artificial intelligence (AI) and the Internet of Things (IoT) are driving innovation in household appliances, leading to the development of smart appliances and home automation systems. However, this market is not without challenges.
Fluctuations in raw material prices and operational costs continue to pose significant challenges to market participants. These factors, coupled with increasing competition, necessitate strategic planning and operational efficiency for companies seeking to capitalize on market opportunities and navigate challenges effectively. Companies that can successfully innovate and offer value-added services and solutions are well-positioned to capture market share and thrive in this dynamic and competitive landscape.

How Big is the Market for Household Appliances?

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The market is experiencing significant growth and innovation, driven by the integration of technology into everyday life. Connected home ecosystems, voice control, and appliance automation are key trends transforming the industry. Smart kitchen and laundry appliances are increasingly popular, offering energy management systems, smart thermostat integration, appliance data analytics, and personalized settings. Predictive maintenance and repair services, appliance lifecycle management, and sustainable materials are also priorities for consumers. Renewable Energy integration and appliance recycling initiatives are important considerations for environmentally-conscious consumers. Online marketplaces, virtual showrooms, and 3D product modeling offer new ways to shop for appliances, while financing options, subscription-based services, and appliance rental programs provide flexible purchasing choices.
Appliance safety certifications, performance testing, regulatory compliance, and industry standards ensure product quality and consumer protection. Manufacturing automation and improved customer service are essential for companies to remain competitive. Marketing strategies, including influencer and content marketing, , PPC advertising, and data analysis, help brands reach and engage consumers.

How is this Household Appliance Industry segmented?

The household appliance industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  MHA
  Small household appliances


Distribution Channel

  Offline
  Online


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    France
    Germany
    Italy
    UK


  North America

    US
    Canada


  South America

    Brazil






  Middle East and Africa

    UAE

By Product Insights

The MHA segment is estimated to witness significant growth during the forecast period. The market encompasses a wide range of products, including refrigeration and cooling appliances, large cooking appliances, and washing appliances, as well as room comfort and water heater appliances. Smart Home appliances, enabled with IoT capabilities, Wi-Fi connectivity, and smartphone integration, are gaining significant traction. Consumers are increasingly seeking remote monitoring and control features, energy efficiency, and eco-friendly innovations. Energy efficiency labeling and the availability of energy-efficient home appliances are key factors driving market growth. Sustainable manufacturing practices and the integration of AI-enabled appliances, such as connected refrigerators, washing machines, and air conditioners, are also important trends.

The semiconductor chip shortage has, however, posed a challenge to the production capabilities of major appliance manufacturers. Consumer buying behavior is influenced by factors such as disposable income, global population growth, and rising living standards. Tech-savvy consumers, particularly those with internet access, are increasingly demanding energy savings and sustainable solutions. Advanced features, such as touchless tech, sous vide, air frying, and AI-driven technologies, are also driving demand for connected home appliances. Manufacturers are adopting omnichannel strategies, utilizing virtual product demonstrations, augmented reality applications, and product visualiza

South Korea Home Appliances Market was valued at USD 11.81 billion in 2024 and is anticipated to grow USD 15.01 billion by 2030 with a CAGR of 4.14% during forecast period

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Market Size	2024: USD 11.81 Billion
Forecast Market Size	2030: USD 15.01 Billion
CAGR	2025-2030: 4.14%
Fastest Growing Segment	Online
Largest Market	Northern
Key Players	1. LG Electronics Co., Ltd. 2. Samsung Electronics Co. Ltd. 3. Coway Co., Ltd. 4. Cuckoo Electronics Co., Ltd. 5. Daewoo Electronics Co., Ltd. 6. Winia Co., Ltd. 7. Hanssem Co., Ltd. 8. Rinnai Korea Corporation 9. Magic Chef Korea 10. Kiturami Co., Ltd.

The Household Appliances eCommerce market in South Korea is predicted to reach US$6,570.9m revenue by 2025, reflecting an estimated growth rate of 4% compared to 2024.

The market offers a wide range of home appliances, including refrigerators, washing machines, dryers, air conditioners, and vacuum cleaners. Refrigerators and washing machines dominate the market, accounting for a substantial share of revenue. The growing demand for smart, energy-efficient, and high-capacity appliances is driving product innovation and sales. Recent developments include: In May 2023, Pohang Iron and Steel Co (South Korea) secured a three-year contract with South Korea-based Samsung Electronics to provide steel sheets for household appliances through 2026., In December 2022, LG Electronics (LG) released the LG ThinQ™ UP upgradeable household appliances, including refrigerators, washers, dryers, oven ranges, and dishwashers.. Notable trends are: Increased consumer spending power and rising disposable income to drive market growth.

The price per unit in the household appliances market in South Korea was forecast to continuously increase between 2025 and 2030 by in total **** U.S. dollars (+***** percent). After the tenth consecutive increasing year, the price per unit is estimated to reach ****** U.S. dollars and therefore a new peak in 2030. Notably, the price per unit of the household appliances market was continuously increasing over the past years.Find further information concerning the volume in the household appliances market in Japan and the volume in the 'Major Appliances' segment of the household appliances market in Nigeria. The Statista Market Insights cover a broad range of additional markets.

The South Korean Small Home Appliances Market is segmented by Product (Vacuum Cleaners, Mixer/Juicer/Blenders, Toasters, Coffee Machines, Air Purifiers, and Other Products), Distribution Channel (Multi-Brand Stores, Exclusive Stores, Online, and Others). The report offers market size and forecasts for the South Korea Small Home Appliances Market in value (USD million) for all the above segments.

The South Korea Major Home Appliances Market demonstrates exceptional growth potential, driven by increasing urbanization and the rapid integration of smart technology across household products. Significant technological innovations in energy efficiency and connectivity features are creating substantial opportunities for market expansion. The growing sustainability awareness among consumers and considerable investments in eco-friendly appliance solutions are fundamentally transforming the production landscape. This is likely to enable the market size to surpass USD 9.18 Billion valued in 2024 to reach a valuation of around USD 10.65 Billion by 2032. The rapid expansion of the South Korea Major Home Appliances Market is primarily driven by the integration of IoT-enabled features and AI-based functionalities into modern appliances. It enables the market to grow at a CAGR of 2.00% from 2026 to 2032.

The South Korea major home appliances market size reached approximately USD 5.60 Billion in 2024. The market is further projected to grow at a CAGR of 4.10% between 2025 and 2034, reaching a value of USD 8.37 Billion by 2034.

The household appliances market is on a strong upward trajectory, driven by rising urbanization, smart home adoption, and evolving consumer lifestyles. Projected at approximately USD 802.67 billion in 2025, the industry is anticipated to rise to USD 1,563.41 billion by 2035 with a robust CAGR of 6.77% over the decade.

Attributes	Details
Market Size (2025E)	USD 802.67 billion
Market Size (2035F)	USD 1,563.41 billion
CAGR (2025 to 2035)	6.77%

Country-wise Analysis of the Household Appliances Market 2025 to 2035

Country	CAGR (2025 to 2035)
USA	4.5%
UK	5.8%
France	4.2%
Germany	5.2%
Italy	4.4%
South Korea	7.6%
Japan	7.0%
China	8.0%
Australia	8.2%
New Zealand	6.5%

Competitive Outlook

Company Name	Market Share (%)
AB Electrolux	12-16%
Qingdao Haier Co., Ltd.	10-14%
LG Electronics Inc.	10-14%
Samsung Electronics Co., Ltd.	8-12%
Whirlpool Corporation	6-10%
Others (combined)	38-48%

The South Korea Home Appliances report provides a detailed analysis of emerging investment pockets, highlighting current and future market trends. It offers strategic insights into capital flows and market shifts, guiding investors toward growth opportunities in key industry segments and regions.

The South Korean home appliance market, valued at XX million in 2025, is projected to experience a Compound Annual Growth Rate (CAGR) of 2.40% from 2025 to 2033. This growth is driven by several key factors. Rising disposable incomes and a growing preference for technologically advanced appliances are significantly boosting demand. The increasing urbanization and nuclear family structures are also contributing, as smaller households require efficient and space-saving appliances. Furthermore, a growing emphasis on convenience and smart home technology is fueling the adoption of connected appliances with features like remote control and energy monitoring. Key trends shaping the market include the increasing popularity of smart home integration, the rising demand for energy-efficient appliances fueled by government regulations and consumer awareness, and the growing adoption of premium and specialized appliances catering to specific lifestyle needs. However, the market faces certain restraints. High import tariffs and competition from established international brands pose challenges for domestic manufacturers. Fluctuations in raw material prices and economic downturns can also negatively impact market growth. Segmentation analysis reveals dynamic trends within production, consumption, import, and export markets (both value and volume). Price trend analysis will reveal whether price points are increasing or decreasing across different appliance categories and based on technological advancements. Detailed analysis of production and consumption data will illustrate the balance between domestic manufacturing and consumer demand, while import/export figures reveal the extent to which South Korea relies on foreign markets for specific appliance types. The competitive landscape is dominated by a mix of international giants and leading South Korean brands. Samsung Electronics and LG Electronics are major players, leveraging their strong brand recognition and established distribution networks. Global players like Whirlpool Corporation, Arcelik AS, Haier Electronics Group Co Ltd, Mitsubishi Electric Corporation, Gorenje Group, BSH Hausgeräte GmbH, Electrolux AB, and Panasonic Corporation also compete aggressively, offering diverse product portfolios and technological innovations. These companies' strategies focus on product differentiation, technological advancement, and branding to capture significant market shares. Future market performance will depend on successful navigation of economic fluctuations, the continued adoption of smart home technologies, and the ability of manufacturers to adapt to evolving consumer preferences and environmental regulations. The projected growth trajectory indicates significant opportunities for expansion, particularly in segments focused on smart appliances, energy efficiency, and premium products catering to the discerning South Korean consumer base. Further research into specific appliance categories (refrigerators, washing machines, etc.) within the segments will offer a more granular understanding of market dynamics and potential investment areas. Recent developments include: July 2021 - LG Electronics (LG) and Magna International Inc. (Magna) signed the transaction agreement, establishing a joint venture between the two companies. The creation of the joint venture unifies Magna's strength in electric powertrain systems and world-class automotive manufacturing, with LG's expertise in component development for e-motors and inverters., July 2021 - Samsung Electronics and Q CELLS announced a new strategic partnership that will see the two companies combine their technological expertise to provide 'zero energy home' solutions. A zero energy home becomes energy self-sufficient by only utilizing energy that is drawn from the home itself. This self-sufficiency is achieved by both producing energies through renewables, like solar, and reducing energy consumption through the utilization of more efficient devices.. Key drivers for this market are: Increasing Urbanization is Driving the Market, Rising Disposable Income is Driving the Market. Potential restraints include: Price Sensitivity of Consumers is Restraining the Market, Saturation of the Market, with Availability of Wide Range of Brands and Products. Notable trends are: Technology and Innovation in Products are Driving the Market.

The South Korea Kitchen Appliances market report offers a thorough competitive analysis, mapping key players’ strategies, market share, and business models. It provides insights into competitor dynamics, helping companies align their strategies with the current market landscape and future trends.

South Korea Built-In-Kitchen Appliances market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.

South Korea Kitchen Appliances Market was valued at USD 9.81 Billion in 2023 and is projected to reach USD 13.8 Billion by 2031, growing at a CAGR of 4.4% from 2024-2031.

South Korea Kitchen Appliances Market: Definition/ Overview

Kitchen appliances are a diverse group of gadgets meant to make food preparation, storage, cooking and cleaning easier in the kitchen. These include large appliances like refrigerators, ovens, microwaves and dishwashers, as well as tiny appliances like blenders, coffee machines and toasters. These appliances have improved over time in terms of functionality, size, energy efficiency and design, providing answers for a wide range of customer needs. Kitchen appliances are an essential component of modern kitchens, considerably improving convenience, time efficiency and overall cooking experiences for individuals and families alike.

The South Korean smart kitchen appliances market is projected to expand at a CAGR of 6.0% from 2025 to 2033. This growth is driven by increasing urbanization, rising disposable incomes, and the growing popularity of smart home devices. Consumers are increasingly seeking convenience and efficiency in their daily lives, and smart kitchen appliances offer a solution to these needs. Key trends in the market include the integration of artificial intelligence (AI) and the Internet of Things (IoT), which are enabling smart kitchen appliances to become more intelligent and connected. This is leading to the development of new features and functionalities, such as voice control, remote monitoring, and recipe recommendations. Additionally, the growing popularity of healthy cooking is driving demand for smart kitchen appliances that can assist with meal planning and preparation. The presence of major global players such as Samsung Electronics, LG Electronics, and Cuckoo Electronics is also contributing to the market growth. The high adoption of smart kitchen appliances in urban areas and the rising demand for energy-efficient appliances are further supporting the market expansion. The Korean smart kitchen appliances market is poised for significant growth, driven by technological advancements, rising consumer demand for convenience, and increasing urbanization. The market is characterized by a high concentration of leading players and a focus on innovation. Key industry trends include increasing adoption of AI and IoT technologies, growing popularity of smart home ecosystems, and rising demand for energy-efficient appliances. Recent developments include: Nov 2022: KT and Coway have decided to form a partnership to cooperate on artificial intelligence (AI)-based home appliance business, the mobile carrier and the home appliance rental company. The two companies said that they decided to cooperate with each other to improve their customers' quality of life by combining their smart home appliance-related technologies., June 2022: SEOUL, South Korea, Tuya Smart (NYSE: TUYA), a leading global Internet of Things (IoT) development platform provider, and Lock & Lock, a world-renowned producer of kitchen and household goods, have collaborated to create smart appliances that deliver extraordinary experiences to consumers.. Key drivers for this market are: Increasing Focus on Home Cooking and Healthy Eating Habits, Rising Disposable Income is Driving the Market. Potential restraints include: Economic Uncertainty and Fluctuations in Consumer Spending. Notable trends are: The Increasing Number of Households and Disposable Income is Driving Domestic Demand of Korean Kitchen Appliance.

South Korea Major Home Appliances comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

Comprehensive dataset of 16 Wholesaler household appliances in Busan, South Korea as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.