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Country Report

Large Cooking Appliances in

Large Cooking Appliances in South Korea

36 pages, Jan 2018

US$990

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Executive Summary

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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Built-in demand increases due to the construction boom

The construction boom and new housing inventories had a positive effect on built-in cooking appliances, leading to volume growth for built-in hobs and cooker hoods, as these products usually come together as a basic package in new properties. Volume sales of large cooking appliances and sales through the construction channel are expected to increase further in the forecast period, along with the continuous supply of new housing.

Induction and vitroceramic built-in hobs increase at the expense of gas

Although built-in hobs is at a mature stage, with high penetration, it is generating continuous growth in volume sales, driven by replacement demand as well as new housing. Looking at built-in hobs by format, gas still accounted for most volume sales in 2017, but vitroceramic and induction were increasing, as these types of hobs are safer, easier to maintain and less harmful than gas hobs.

Ovens start to be considered as essential

The oven was not traditionally an essential kitchen appliance in local culture, as most South Korean food is cooked in pans, by stir frying, steaming or boiling. Ovens were not used in many households, even if consumers already had one.

COMPETITIVE LANDSCAPE

Haatz maintains its leading position

Haatz continued to lead large cooking appliances in 2017, thanks to its strong lead in cooker hoods, both built-in and freestanding. The company experienced continued growth in volume sales thanks to the housing construction boom, because built-in cooker hoods come in the majority of new housing units.

SK Magic continues its product development and innovation

SK Magic was the second largest player in large cooking appliances in 2017, and led built-in hobs with strong volume sales and a high share. SK Magic performs well in both gas and induction/vitroceramic built-in hobs, and consistently develop new products to stay competitive in the market across different categories.

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Large Cooking Appliances Sample Report Large Cooking Appliances Sample Data

Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Large Cooking Appliances industry in South Korea with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Large Cooking Appliances industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.

The Large Cooking Appliances in South Korea market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Large Cooking Appliances in South Korea?
What are the major brands in South Korea?
What is the most common cooking appliances in South Korea?
Has there been a shift to higher unit price built-in products?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our Consumer Appliances market research database.

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Large Cooking Appliances in South Korea - Category analysis

HEADLINES

PROSPECTS

Built-in demand increases due to the construction boom

Induction and vitroceramic built-in hobs increase at the expense of gas

Ovens start to be considered as essential

COMPETITIVE LANDSCAPE

Haatz maintains its leading position

SK Magic continues its product development and innovation

CATEGORY DATA

Table 1 Sales of Large Cooking Appliances by Category: Volume 2012-2017
Table 2 Sales of Large Cooking Appliances by Category: Value 2012-2017
Table 3 Sales of Large Cooking Appliances by Category: % Volume Growth 2012-2017
Table 4 Sales of Large Cooking Appliances by Category: % Value Growth 2012-2017
Table 5 Sales of Built-in Hobs by Format: % Volume 2012-2017
Table 6 Sales of Ovens by Connected Appliances: % Volume 2013-2017
Table 7 NBO Company Shares of Large Cooking Appliances: % Volume 2013-2017
Table 8 LBN Brand Shares of Large Cooking Appliances: % Volume 2014-2017
Table 9 NBO Company Shares of Built-in Hobs: % Volume 2013-2017
Table 10 NBO Company Shares of Ovens: % Volume 2013-2017
Table 11 NBO Company Shares of Cooker Hoods: % Volume 2013-2017
Table 12 NBO Company Shares of Built-in Cooker Hoods: % Volume 2013-2017
Table 13 NBO Company Shares of Freestanding Cooker Hoods: % Volume 2013-2017
Table 14 NBO Company Shares of Cookers: % Volume 2013-2017
Table 15 Distribution of Large Cooking Appliances by Format: % Volume 2012-2017
Table 16 Production, Imports and Exports of Large Cooking Appliances: Total Volume 2012-2017
Table 17 Forecast Sales of Large Cooking Appliances by Category: Volume 2017-2022
Table 18 Forecast Sales of Large Cooking Appliances by Category: Value 2017-2022
Table 19 Forecast Sales of Large Cooking Appliances by Category: % Volume Growth 2017-2022
Table 20 Forecast Sales of Large Cooking Appliances by Category: % Value Growth 2017-2022

Consumer Appliances in South Korea - Industry Overview

EXECUTIVE SUMMARY

Construction boom boosts sales of appliances

Nationwide anxiety about air quality drives sales of air-related appliances

LG and Samsung both remain competitive with a premium strategy

Non-grocery specialists remains competitive

Manufacturers roll out artificial intelligence in connected appliances

MARKET INDICATORS

Table 21 Household Penetration of Selected Total Stock Consumer Appliances by Category 2012-2017
Table 22 Replacement Cycles of Consumer Appliances by Category 2012-2017
Table 23 Forecast Household Penetration of Selected Total Stock Consumer Appliances by Category 2017-2022
Table 24 Forecast Replacement Cycles of Consumer Appliances by Category 2017-2022

MARKET DATA

Table 25 Sales of Consumer Appliances by Category: Volume 2012-2017
Table 26 Sales of Consumer Appliances by Category: Value 2012-2017
Table 27 Sales of Consumer Appliances by Category: % Volume Growth 2012-2017
Table 28 Sales of Consumer Appliances by Category: % Value Growth 2012-2017
Table 29 Sales of Major Appliances by Category and Built-in/Freestanding Split: Volume 2012-2017
Table 30 Sales of Major Appliances by Category and Built-in/Freestanding Split: Value 2012-2017
Table 31 Sales of Major Appliances by Category and Built-in/Freestanding Split: % Volume Growth 2012-2017
Table 32 Sales of Major Appliances by Category and Built-in/Freestanding Split: % Value Growth 2012-2017
Table 33 Sales of Small Appliances by Category: Volume 2012-2017
Table 34 Sales of Small Appliances by Category: Value 2012-2017
Table 35 Sales of Small Appliances by Category: % Volume Growth 2012-2017
Table 36 Sales of Small Appliances by Category: % Value Growth 2012-2017
Table 37 NBO Company Shares of Major Appliances: % Volume 2013-2017
Table 38 LBN Brand Shares of Major Appliances: % Volume 2014-2017
Table 39 NBO Company Shares of Small Appliances: % Volume 2013-2017
Table 40 LBN Brand Shares of Small Appliances: % Volume 2014-2017
Table 41 Distribution of Major Appliances by Format: % Volume 2012-2017
Table 42 Distribution of Small Appliances by Format: % Volume 2012-2017
Table 43 Forecast Sales of Consumer Appliances by Category: Volume 2017-2022
Table 44 Forecast Sales of Consumer Appliances by Category: Value 2017-2022
Table 45 Forecast Sales of Consumer Appliances by Category: % Volume Growth 2017-2022
Table 46 Forecast Sales of Consumer Appliances by Category: % Value Growth 2017-2022
Table 47 Forecast Sales of Major Appliances by Category and Built-in/Freestanding Split: Volume 2017-2022
Table 48 Forecast Sales of Major Appliances by Category and Built-in/Freestanding Split: Value 2017-2022
Table 49 Forecast Sales of Major Appliances by Category and Built-in/Freestanding Split: % Volume Growth 2017-2022
Table 50 Forecast Sales of Major Appliances by Category and Built-in/Freestanding Split: % Value Growth 2017-2022
Table 51 Forecast Sales of Small Appliances by Category: Volume 2017-2022
Table 52 Forecast Sales of Small Appliances by Category: Value 2017-2022
Table 53 Forecast Sales of Small Appliances by Category: % Volume Growth 2017-2022
Table 54 Forecast Sales of Small Appliances by Category: % Value Growth 2017-2022

Megatrends

Country Report

Large Cooking Appliances in South Korea

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Built-in demand increases due to the construction boom

Induction and vitroceramic built-in hobs increase at the expense of gas

Ovens start to be considered as essential

COMPETITIVE LANDSCAPE

Haatz maintains its leading position

SK Magic continues its product development and innovation

Samples

Overview

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Samples (FAQs about samples):

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Table of Contents

Large Cooking Appliances in South Korea - Category analysis

HEADLINES

PROSPECTS

Built-in demand increases due to the construction boom

Induction and vitroceramic built-in hobs increase at the expense of gas

Ovens start to be considered as essential

COMPETITIVE LANDSCAPE

Haatz maintains its leading position

SK Magic continues its product development and innovation

CATEGORY DATA

Consumer Appliances in South Korea - Industry Overview

EXECUTIVE SUMMARY

Construction boom boosts sales of appliances

Nationwide anxiety about air quality drives sales of air-related appliances

LG and Samsung both remain competitive with a premium strategy

Non-grocery specialists remains competitive

Manufacturers roll out artificial intelligence in connected appliances

MARKET INDICATORS

MARKET DATA

SOURCES

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