South Korea Major Home Appliances Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers South Korea Major Home Appliances Market Share by Brand and it is segmented by Product (Refrigerators, Freezers, Dishwashers, Washing Machines, Cookers and Ovens, and Others), By Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, E-Commerce, and Others). The report offers market size and forecasts for the South Korea Major Home Appliances Market in value (USD million) for all the above segments.

South Korea Major Home Appliances Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South Korea Major Home Appliances Market Size

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South Korea Major Home Appliances Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
Market Size (2025) USD 9.36 Billion
Market Size (2030) USD 10.34 Billion
CAGR (2025 - 2030) 2.00 %

Major Players

South Korea Major Home Appliances Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of South Korea Major Home Appliances Market with other markets in Home and Property Improvement Industry

Kitchen Appliances

Home Appliances

Laundry Appliances

Home Decor

Furniture and Furnishings

Floor Coverings

South Korea Major Home Appliances Market Analysis

The South Korea Major Home Appliances Market size is estimated at USD 9.36 billion in 2025, and is expected to reach USD 10.34 billion by 2030, at a CAGR of greater than 2% during the forecast period (2025-2030).

Major home appliances in South Korea are witnessing growth in the market due to constant innovation by the manufacturers. Samsung and LG are innovating new products such as refrigerators and washing machines with larger capacity for greater food storage. Product innovations and government policies are fostering the growth of IoT in the major appliances segment. The major home appliances market in South Korea is driven by increasing single families, premiumization of products, personalization, and cost reduction by automation in the home appliances market. Fine articulation, on the other hand, has been an issue in the major home appliances market for some of the consumers seeking a healthy lifestyle. Advancements in Technologies and speed of development are supporting the growth of the South Korean major home appliances market. Smart Home appliances have become a vital part of the home appliances market in South Korea.

The COVID-19 pandemic led to a change in South Korea's major home appliance consumption trends; the popularity of electronics helping with household chores increased as most of the population worked from home, and spending more time at home required many appliances that could complete tasks quickly.

South Korea Major Home Appliances Industry Overview

The major home appliances market in South Korea is competitive with the presence of local manufacturers and global manufacturers. There is a rise in competition in the country because of the presence of Japanese and Chinese players. The manufacturer, therefore, is producing products in the overseas market to cater to demand in the premium category. Key companies in the market include LG Electronics Inc., Samsung Electronics, Electrolux AB, Whirlpool Corporation, and Bosch, among others.

South Korea Major Home Appliances Market Leaders

  1. LG Electronics Inc.

  2. Samsung Electronics

  3. Electrolux AB

  4. Whirlpool Corporation

  5. Bosch

  6. *Disclaimer: Major Players sorted in no particular order
South Korea Major Home Appliances Market Concentration
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South Korea Major Home Appliances Market News

  • May 2023: Pohang Iron and Steel Co (South Korea) has signed a three-year agreement with South Korea-based Samsung Electronics to supply steel sheets for home appliances until 2026.
  • December 2022: LG Electronics (LG) launched the LG ThinQ™ UP upgradeable home appliances, including refrigerators, washers, dryers, oven ranges, and dishwashers.

South Korea Major Home Appliances Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Online Sales are Witnessing a Major Share of the Market
    • 4.2.2 Increasing Technological Advancements is Driving the Demand for Energy-Efficient Home Appliances
  • 4.3 Market Restraints
    • 4.3.1 Changing Consumer Preferences
  • 4.4 Market Opportunities
    • 4.4.1 Growing Demand for Energy-Efficient Appliances
    • 4.4.2 Rise in Smart Home Technology Integration
  • 4.5 Value Chain Analysis
  • 4.6 Porter's Five Forces Analysis
    • 4.6.1 Bargaining Power of Suppliers
    • 4.6.2 Bargaining Power of Buyers/Consumers
    • 4.6.3 Threat of New Entrants
    • 4.6.4 Threat of Substitute Products
    • 4.6.5 Intensity of Competitive Rivalry
  • 4.7 Insights on Technological Innovations in the Industry
  • 4.8 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Product
    • 5.1.1 Refrigerators
    • 5.1.2 Freezers
    • 5.1.3 Dishwashers
    • 5.1.4 Washing Machines
    • 5.1.5 Cookers and Ovens
    • 5.1.6 Other Products
  • 5.2 By Distribution Channel
    • 5.2.1 Hypermarkets/Supermarkets
    • 5.2.2 Specialty Stores
    • 5.2.3 E-commerce/Online
    • 5.2.4 Other Distribution Channels

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 LG Electronics
    • 6.2.2 Dong Yang Diecasting Co.
    • 6.2.3 Samsung Electronics
    • 6.2.4 Bosch
    • 6.2.5 Electrolux AB
    • 6.2.6 Whirlpool Corporation
    • 6.2.7 Panasonic Corporation
    • 6.2.8 Haier Electronics Group Co. Ltd
    • 6.2.9 Mitsubishi Electric Corporation
    • 6.2.10 Gorenje Group*
  • *List Not Exhaustive

7. FUTURE OF THE MARKET

8. DISCLAIMER

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South Korea Major Home Appliances Industry Segmentation

Major appliances comprise major household appliances such as refrigerators, freezers, dishwashers, and ovens, among others. A complete background analysis of the South Korean major home appliances Industry, which includes an assessment of the industry associations, overall economy, emerging market trends by segments, significant changes in the market dynamics, and market overview, is covered in the report. The report also offers profiles of key players operating in the market.

The South Korean major home appliances market is segmented by product into refrigerators, freezers, dishwashers, washing machines, cookers and ovens, and other products, by distribution channel into supermarkets and hypermarkets, specialty stores, E-Commerce, and other distribution channels.

The report offers market size and forecasts for the South Korean major home appliances market in value (USD) for all the above segments.

By Product Refrigerators
Freezers
Dishwashers
Washing Machines
Cookers and Ovens
Other Products
By Distribution Channel Hypermarkets/Supermarkets
Specialty Stores
E-commerce/Online
Other Distribution Channels
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South Korea Major Home Appliances Market Research FAQs

How big is the South Korea Major Home Appliances Market?

The South Korea Major Home Appliances Market size is expected to reach USD 9.36 billion in 2025 and grow at a CAGR of greater than 2% to reach USD 10.34 billion by 2030.

What is the current South Korea Major Home Appliances Market size?

In 2025, the South Korea Major Home Appliances Market size is expected to reach USD 9.36 billion.

Who are the key players in South Korea Major Home Appliances Market?

LG Electronics Inc., Samsung Electronics, Electrolux AB, Whirlpool Corporation and Bosch are the major companies operating in the South Korea Major Home Appliances Market.

What years does this South Korea Major Home Appliances Market cover, and what was the market size in 2024?

In 2024, the South Korea Major Home Appliances Market size was estimated at USD 9.17 billion. The report covers the South Korea Major Home Appliances Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South Korea Major Home Appliances Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South Korea Major Home Appliances Industry Report

Statistics for the 2025 South Korea Major Home Appliances market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea Major Home Appliances analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.