In 2018, consumer appliances in South Korea continued to post robust volume and current value growth. The volume growth of major appliances was higher than that of small appliances, because of the popularity of built-in appliances through the construction channel, and IoT and AI functions on connected appliances.
During the spring, yellow sand has always been a serious threat to respiratory health in South Korea, although micro dust is now considered the most serious cause of health problems. The dust affects air quality, which is a health concern throughout the year.
LG Electronics expanded the volume share gap from Samsung Electronics in 2018. Both companies compete across major appliances categories and some small appliances categories, such as vacuum cleaners.
The highest share of retail distribution in 2018 came from electronics and appliance specialist retailers. These include Lotte Hi-Mart, Electro Land, Samsung Digital Plaza and LG Best Shop.
Consumer appliances is expected to record a positive volume CAGR over the forecast period; however, the growth rate is expected to be lower than in the review period. Major appliances is set to see slightly higher growth than small appliances due to technological developments such as IoT and AI.
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Discover the latest market trends and uncover sources of future market growth for the Consumer Appliances industry in South Korea with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Consumer Appliances market research database.