The South Korea fridges and freezers market is on track for incremental growth of USD 1.5 billion, corresponding to a compound annual growth rate (CAGR) of nearly 4.1% throughout the forecast period of 2024 to 2029. South Korea’s fridges and freezers market is influenced by the growing preference for energy-efficient, high-performance refrigerators with advanced technology. Smart appliances with features such as touchscreens, remote controls, and energy-saving modes are highly sought after. Additionally, South Korea’s aging population is driving demand for user-friendly, accessible, and space-efficient refrigeration solutions.
The report provides a comprehensive analysis of the South Korea fridges and freezers industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as format, product and distribution channel. The insights gained from this evaluation help reveal the growth potential within the fridges and freezers sector.
Market Segmentation
The segmentation of the South Korea fridges and freezers market is outlined below:
Format: built-in, freestanding
Product: wine coolers, freezers, fridge freezers, fridges
Distribution channel: supermarkets and hypermarkets, department stores, electronics stores, e-commerce, builders merchants, others
The fridges and freezers market in South Korea is segmented based on format, product and distribution channel. In terms of format, the market is segmented into built-in, and freestanding. Product segmentation includes wine coolers, freezers, fridge freezers, and fridges. Distribution channel segments cover supermarkets and hypermarkets, department stores, electronics stores, e-commerce, builders merchants, and others.
Competitive Landscape
Top players featured in the South Korea fridges and freezers market study include Winia Group, United Technologies Corporation (Carrier), The Samsung Group, Midea Group Co. Ltd., LG Corporation and Haier Group Corporation. This report presents an extensive analysis of major entities in the fridges and freezers market, focusing on their performance from 2019 to 2023. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Korea fridges and freezers market.
Gain in-depth analysis and forecasts for the key segments of the South Korea fridges and freezers market: format, product and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the South Korea fridges and freezers market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea fridges and freezers market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
South Korea Fridges and Freezers Market – Format Analysis
South Korea Fridges and Freezers Market – Product Analysis
South Korea Fridges and Freezers Market – Distribution Channel Analysis
Key Players and Market Share
– Winia Group
– United Technologies Corporation (Carrier)
– The Samsung Group
– Midea Group Co., Ltd.
– LG Corporation
– Haier Group Corporation
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table South Korea Fridges and Freezers Market 2019-2029
Chart South Korea Fridges and Freezers Market, Net Growth, 2019-2029
Chart South Korea Fridges and Freezers Market, Growth Rates, 2019-2029
Table South Korea Fridges and Freezers Market by Format, 2019-2029
Chart South Korea Fridges and Freezers Market by Format, CAGR Historic and Forecast, 2019-2029
Chart South Korea Fridges and Freezers Market by Format, 2019-2029
Table South Korea Fridges and Freezers Market by Product, 2019-2029
Chart South Korea Fridges and Freezers Market by Product, CAGR Historic and Forecast, 2019-2029
Chart South Korea Fridges and Freezers Market by Product, 2019-2029
Table South Korea Fridges and Freezers Market by Distribution Channel, 2019-2029
Chart South Korea Fridges and Freezers Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Korea Fridges and Freezers Market by Distribution Channel, 2019-2029
Table South Korea Fridges and Freezers Market Share (%), by Companies, 2019-2023
Chart South Korea Fridges and Freezers Market, by Companies, 2023
Table South Korea Fridges and Freezers Market Share (%), by Brands, 2019-2023
Chart South Korea Fridges and Freezers Market, by Brands, 2023
Table South Korea – Population (Millions) and Forecast
Table South Korea – Consumer Price Index (CPI) and Forecast
Table South Korea – Gross Domestic Product and Forecast
Table South Korea Fridges and Freezers Market: Spend as a Proportion of GDP (%)
Table South Korea Fridges and Freezers Market: Consumption per Capita (Population)
Companies Mentioned
Winia Group
United Technologies Corporation (Carrier)
The Samsung Group
Midea Group Co., Ltd.
LG Corporation
Haier Group Corporation