A modest growth trajectory is forecasted for the South Korea microwave ovens market, with an expected increase of USD 38.2 million and a compound annual growth rate (CAGR) of roughly 3.5% from 2024 through 2029. South Korea’s microwave ovens market is experiencing growth due to the country’s fast-paced lifestyle and the increasing number of small households. Convenience and time-saving are key drivers, as consumers seek quick cooking solutions. The rise of dual-income families, along with innovations in microwave technology that support grilling and steaming, is helping to fuel market demand.
This report presents a detailed overview of the South Korea microwave ovens industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product, technology and distribution channel. This detailed analysis supports the identification of growth opportunities within the microwave ovens industry.
Market Segmentation
The South Korea microwave ovens market is structured as follows:
Product: built-in microwaves, freestanding microwaves
Technology: smart, non-smart
Distribution channel: supermarkets and hypermarkets, department stores, electronics stores, e-commerce, others
The South Korea microwave ovens market is categorized by product, technology and distribution channel. In terms of product, the market is segmented into built-in microwaves, and freestanding microwaves. Technology segmentation includes smart, and non-smart. Distribution channel segments consist of supermarkets and hypermarkets, department stores, electronics stores, e-commerce, and others.
Competitive Landscape
The competitive landscape of the microwave ovens market has been analyzed, with a focus on key players such as Winia Group, The Samsung Group, SK Magic Co. Ltd., LG Corporation and CN Company Ltd. The report provides a detailed assessment of prominent companies within the microwave ovens market, tracking their performance from 2019 to 2023. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Korea microwave ovens market.
Gain in-depth analysis and forecasts for the key segments of the South Korea microwave ovens market: product, technology 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 microwave ovens market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea microwave ovens 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 Microwave Ovens Market – Product Analysis
South Korea Microwave Ovens Market – Technology Analysis
South Korea Microwave Ovens Market – Distribution Channel Analysis
Key Players and Market Share
– Winia Group
– The Samsung Group
– SK Magic Co., Ltd.
– LG Corporation
– CN Company Ltd.
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table South Korea Microwave Ovens Market 2019-2029
Chart South Korea Microwave Ovens Market, Net Growth, 2019-2029
Chart South Korea Microwave Ovens Market, Growth Rates, 2019-2029
Table South Korea Microwave Ovens Market by Product, 2019-2029
Chart South Korea Microwave Ovens Market by Product, CAGR Historic and Forecast, 2019-2029
Chart South Korea Microwave Ovens Market by Product, 2019-2029
Table South Korea Microwave Ovens Market by Technology, 2019-2029
Chart South Korea Microwave Ovens Market by Technology, CAGR Historic and Forecast, 2019-2029
Chart South Korea Microwave Ovens Market by Technology, 2019-2029
Table South Korea Microwave Ovens Market by Distribution Channel, 2019-2029
Chart South Korea Microwave Ovens Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart South Korea Microwave Ovens Market by Distribution Channel, 2019-2029
Table South Korea Microwave Ovens Market Share (%), by Companies, 2019-2023
Chart South Korea Microwave Ovens Market, by Companies, 2023
Table South Korea Microwave Ovens Market Share (%), by Brands, 2019-2023
Chart South Korea Microwave Ovens 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 Microwave Ovens Market: Spend as a Proportion of GDP (%)
Table South Korea Microwave Ovens Market: Consumption per Capita (Population)
Companies Mentioned
Winia Group
The Samsung Group
SK Magic Co., Ltd.
LG Corporation
CN Company Ltd.