The market is dominated by domestic suppliers, as imports account for 16.4% of total market size in 2024. B2B drives market demand, with B2B spending representing 61.4% of total demand in 2024. South Korea has the fourth largest market size for furniture regionally, with demand reaching USD19.7 billion in 2024. Das Corp is the largest company in South Korea, generating 15.7% of the industry’s total production value in 2024. The industry is fragmented, with the top five companies generating 36.1% of total production value in 2024. The total number of companies increases in 2024, to 25,993 units. The costs of the industry increase by 3.8% in 2024, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 7.7% of production value in 2024, the 17th highest regionally. The industry’s exports share increases in 2024 to 11.9% of total production output. With production value of USD16.3 billion, South Korea accounts for 4.8% of the Asia Pacific total in 2024.
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Overview:
This Euromonitor industrial report provides unique information on Furniture in South Korea: ISIC 361. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Furniture in South Korea: ISIC 361 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Household Goods in South Korea report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
This report answers:
- What is the turnover of the Household Goods?
- How the Household Goods will perform in the future?
- Which categories are driving industry's growth?
- Which factors will shape industry’s performance?
- What is the industry’s costs and demand structure?
- How profitable is the industry?
- Is industry’s competitive landscape concentrated or fragmented?
Furniture in South Korea: ISIC 361
HEADLINES
MARKET OVERVIEW
Household Goods
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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