South Korea Major Appliances Market Size & Outlook
The major appliances market in South Korea is expected to reach a projected revenue of US$ 8,003.7 million by 2030. A compound annual growth rate of 4.6% is expected of South Korea major appliances market from 2025 to 2030.
Revenue, 2024 (US$M)
$6,148.6
Forecast, 2030 (US$M)
$8,003.7
CAGR, 2025 - 2030
4.6%
Report Coverage
South Korea
South Korea major appliances market, 2018-2030 (US$M)
Related Markets
South Korea major appliances market highlights
- The South Korea major appliances market generated a revenue of USD 5,910.3 million in 2023 and is expected to reach USD 8,003.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, air conditioners was the largest revenue generating product in 2023.
- Air Conditioners is the most lucrative product segment registering the fastest growth during the forecast period.
Major appliances market data book summary
| Market revenue in 2023 | USD 5,910.3 million |
| Market revenue in 2030 | USD 8,003.7 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Air conditioners |
| Fastest growing segment | Air Conditioners |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Washing Machines, Cooktops, Cooking Ranges, Dishwashers, Refrigerators, Air Conditioners, Microwaves & Ovens, Vacuum Cleaners |
| Key market players worldwide | Whirlpool Corp, Electrolux AB ADR, Samsung Electronics Co Ltd, LG Electronics Inc ADR, Haier Smart Home Co Ltd ADR, Panasonic Holdings Corp, Miele, Bosch, Daikin Industries Ltd, Sharp Corp, IRobot Corp, Midea Group |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.6% of the global major appliances market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China major appliances market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 26,521.3 million by 2030.
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Major Appliances Market Scope
Major appliances market segmentation & scope
Others
Major Appliances Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea major appliances market size, by product, 2018-2030 (US$M)
South Korea Major Appliances Market Outlook Share, 2024 & 2030 (US$M)
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