PROSPECTS AND OPPORTUNITIES
Great potential expected for dishwashers
Despite the current economic challenges, dishwashers holds substantial growth potential in South Korea, with a projected volume CAGR of 4% from 2024 to 2029. One key reason for this optimism is the low penetration rate, currently hovering around 24%, indicating significant room for expansion.
Subscription businesses likely to attract more attention
In South Korea, the trend of subscribing to dishwashers rather than purchasing them is expected to gain momentum between 2024 and 2029. High upfront costs, and the relatively low penetration rate of dishwashers in the country, make rental an appealing option, particularly for younger consumers.
Rising demand for mini dishwashers to cater to single-person households
With the high and rising number of single-person households, mini dishwashers are expected to play a significant role in South Korea in the forecast period. This demographic shift has led manufacturers to focus on compact and space-efficient dishwashers designed specifically for smaller homes.
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Overview:
Understand the latest market trends and future growth opportunities for the Dishwashers 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 Dishwashers 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.
The Dishwashers in South Korea report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Dishwashers in South Korea?
- Which are the leading brands in South Korea?
- How are products distributed in South Korea?
- To what extent has COVID-19 and accordant macroeconomic and retail disruption impacted demand?
- How are considerations such as urban development and the rise in single-person households determining sales growth?
- Where is future growth expected to be most dynamic?
Dishwashers in South Korea - Category analysis
KEY DATA FINDINGS
Another challenging year for dishwashers
Shift from built-in dishwashers to countertop and compact models
SK Magic’s withdrawal from dishwashers
Great potential expected for dishwashers
Subscription businesses likely to attract more attention
Rising demand for mini dishwashers to cater to single-person households
Consumer Appliances in South Korea - Industry Overview
Consumer appliances in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer appliances?
DISCLAIMER
The following categories and subcategories are included:
Dishwashers
- Built-in Dishwashers
- Freestanding Dishwashers
Dishwashers
A dishwasher is a device for cleaning crockery and cutlery. Freestanding models are commonly available in full-size, slimline and compact variants. Built-in machines can be fully integrated (completely hidden by a door front and have their controls at the top of the dishwasher door on the inside), semi-integrated which are covered by a matching kitchen door up to the height drawer, which are usually built in at chest height to make loading easier.
See all of our definitionsWhy 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 report originates from Passport, our Dishwashers research and analysis database.
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