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Learn moreOct 2019
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Over the forecast period, large cooking appliances is expected to see a positive retail volume CAGR, although slightly lower than that seen in the review period. Built-in hobs is expected to see the best performance in large cooking appliances, whilst cookers is expected to see a decline, and the worst performance within large cooking appliances.
Cookers is expected to see a consistent decline in the forecast period, due to the changing lifestyles of Korean consumers. Cooking programmes are no longer popular in South Korea, and the interest in home meal replacement and the changing demographics, with an ageing population, will negatively affect sales of cookers over the forecast period.
Internet retailing is gradually gaining distribution share from electronics and appliance specialist retailers. Because internet retailers tend to provide the cheapest prices and third party installation services, many consumers are satisfied with their offerings.
Haatz Co maintained its lead in both built-in large cooking appliances and freestanding large cooking appliances in 2018, with its share mostly coming from built-in cooker hoods. Haatz supplies large cooking appliances to construction companies; thus, most of its sales come from the construction channel.
Ntec Co remained in second place in large cooking appliances in 2018, followed by SK Magic. Ntec sees most of its sales from built-in cooker hoods.
Haatz introduced the Cooking Zone system in October 2016. The system consists of a hob and cooker hood.
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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.
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Why buy this report?
This industry report originates from Passport, our Consumer Appliances market research database.
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.