While growth is expected to resume in value terms at constant 2022 prices in home improvement in South Korea over the forecast period, growth will remain only marginal, as consumers venture out of their homes and return to their pre-pandemic lifestyles. Certain categories, such as bathroom and sanitaryware, will see some improvement in sales in the forecast period compared with 2022, as inflation is reined in and supply chain disruptions ease, but the focus of consumers is expected to move outside of the home.
During the COVID-19 pandemic, due to an increased interest in home cooking and space constraints within the home, the kitchen became a central part of many South Korean homes. As such, in 2022, demand for kitchen sinks remained significantly higher than pre-pandemic levels in both current value terms and value terms at constant 2022 prices.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Home Improvement industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Improvement industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Home Improvement
Includes: products purchased by consumers through retail channels.Excludes: commercial sales to professional builders / tradesmen / contractors etc. Home improvement refers to bathroom and sanitaryware, decorating sundries, floor covering, hand tools, hardware, home paint, kitchen sinks, power tools, wall covering and other home improvement.
See All of Our DefinitionsThis report originates from Passport, our Home Improvement research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!