South Korea Household Appliances Market Size, Share & Trends Analysis Report By Product (Major Appliances, Small Appliances), By Distribution Channel (Online, Electronic Stores), And Segment Forecasts, 2025 - 2030

Market Size & Trends

The South Korea household appliances market was valued at USD 8.93 billion in 2024 and is anticipated to grow at a CAGR of 5.9% from 2025 to 2030. This market's growth is primarily driven by factors such as the country's increasing disposable income level, the presence of numerous manufacturers in the country, a large share in the global trade of household appliances, and rising domestic demand.

Some of the major household appliance brands, such as LG Electronics and Samsung, originate from South Korea. This contributes to growing investments in the domestic market and easy availability of advanced household appliances. Product innovation and incorporating modern technologies also shape novel opportunities for this market. New product developments by the key market participants are expected to develop further growth. For instance, in April 2025, LG Electronics announced the launch of its newly designed Bottom-Freezer Refrigerator. The fundamental change in design put the most frequently used section of the refrigerator at eye level and the freezer at the bottom. Such developments are likely to attract a large group of new customers who seek convenience, quality, and advanced technological capabilities in an appliance.

Strong competition among brands operating at a global scale contributes to the inclusion of innovation and advanced technology features in product portfolios. In April 2025, Samsung, one of the technology and innovation companies, launched its “AI Home” vision and innovation-based appliance lineup through its global launch event in Seoul, Korea.

Consumer Insights

Consumers in South Korea seek advanced household appliances equipped with the latest technologies, such as artificial intelligence (AI) and IoT. However, environmental awareness and an inclination to use energy-efficient solutions also play vital roles in purchasing household appliances. The country's urban population prefers appliances that can fit into limited space while offering multiple benefits.

The rising availability of household appliances through e-commerce platforms and online portals has significantly influenced consumer trends. The increasing availability of information regarding product features, technological capabilities, and advanced attributes also contributes to purchase decisions. Consumers also prefer innovative designs that improve convenience and ease of use.

Pricing Analysis

Various household appliance prices are primarily influenced by their specifications, technology features, and energy consumption requirements. Products with smart technology and higher energy efficiency ratings are offered at higher prices than other products with comparatively less complicated technologies. In addition, storage capacity and volume also play a role in pricing products such as refrigerators and washing machines.

Multiple brands offer various products, often segmented into categories such as cooling & freezing, washing & drying, and kitchen appliances. Prices of various appliances vary based on product capabilities and their benefits. LG Electronics, one of the major players in the South Korean household appliances market, offers the LG Tromm Objet Collection Washing Machine, 25 KG, at approximately USD 1,172.24. An LG Tongdol Washing Machine, 17 kg, is provided at approximately USD 486.58.

Product Insights

The major appliances segment held the largest revenue share of the South Korea household appliances market, accounting for 90.3% in 2024. This is attributed to the growing adoption of smart home appliances in urban areas, rising demand for AI-powered appliances such as refrigerators, and availability of several brand products in the country. In addition, major companies offer products categorized based on functionality, size, and capacity to address the requirements of various customers. Strong marketing efforts of different brands are also expected to generate improved customer engagement.

The small appliances segment is projected to experience the fastest CAGR of 6.0% from 2025 to 2030. Growth of this segment is primarily driven by aspects such as increasing availability of small appliances, such as coffee makers, air fryers, juicers, blenders, and others, through online portals and affordable prices of small appliances. Numerous small appliances intended for individual users, such as electric trimmers and hair dryers, also experience growing demand, leading to segment growth.

Distribution Channel Insights

Based on distribution channel, the electronics stores segment accounted for the largest revenue share in 2024. This is attributed to the rising distribution of various products through multi-brand electronic stores. Brands prefer offline distribution to achieve improved brand visibility. Offline shopping through electronic stores allows customers to examine products, the quality of materials, and key product features. These aspects are likely to contribute to segment growth over the forecast period.

The online distribution segment is expected to experience fastest CAGR from 2025 to 2030. Growth of this market is primarily influenced by factors such as increasing inclination among consumers to purchase household appliances through hassle-free online shopping experiences and additional services offered by online platforms and e-commerce websites such as doorstep delivery, customer support services, return or replacement policies, and others.

Key South Korea Household Appliances Company Insights

Some of the key companies operating in the South Korean household appliances market include LG Electronics, Samsung Electronics Co., Ltd., HAIER KOREA, Panasonic Korea Ltd., and others. To address changing consumer preferences and increasing demand for modern technology-powered appliances, the major market participants embrace strategies such as improved R&D efforts, new product developments, enhanced marketing campaigns, and partnerships with other organizations.

• LG Electronics, a global technology and innovation-driven company originating in South Korea, offers a range of household appliances through its LG Electronics HS (Home Appliance Solution) Division. Some of its key offerings include washing machines, dryers, vacuum cleaners, refrigerators, cooking appliances, and water purifiers.

• Samsung Electronics Co., Ltd., a global manufacturer of various electronics and appliances, offers an extensive portfolio of products, including household appliances. Its portfolio features several product categories, including washers & dryers, air care, and small appliances.

Recent Developments

• In March 2025, Samsung Electronics Co., Ltd. announced the global rollout of its newly designed refrigerators with smart technology features, reinforcing its vision of “Screens Everywhere” launched at CES 2025.

• In April 2024, Henkel and Samsung partnered to launch a custom Persil Deep Clean wash cycle in the South Korean market.

South Korea Household Appliances Market Report Scope

South Korea Household Appliances Market Report Segmentation

This report forecasts revenue growth at country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the South Korea household appliances market report on the basis of product, and distribution channel:

• Product and Service Outlook (Revenue, USD Million, 2018 - 2030)

  • Reagents & Kits

  • Instruments

  • Services

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Vaccines & Therapeutics

    • Vaccines

    • Monoclonal Antibodies

    • Recombinant Protein

  • Blood & Blood-based Products

  • Gene Therapy

  • Tissue & Tissue-based Products

  • Stem Cell

• Test Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Endotoxin Tests

  • Sterility Tests

  • Cell Line Authentication & Characterization Tests

  • Bioburden Tests

  • Adventitious Agent Detection Tests

  • Residual Host Contamination Detection Tests

  • Others