London, UK (PRWEB) June 20, 2013
South Korea’s consumer appliance market posted weaker growth in volume terms in 2012 as against 2011. Decreases in unit prices were primarily due to smart consumers switching to the products that offer value for money. In category terms, major appliances showed a slower performance than small appliances. Of all consumer appliances, automatic tumble dryers, frying pans and capsule coffee machines exhibited a sharp rise thanks to increased consumer demand, whereas some major appliances like dishwashers posted a decline.
Over forecast period, the consumer appliances market is projected to grow positively. Household numbers are estimated to expand at a healthy rate, with single and two-person households being the key growth drivers. These households will need essential major appliances and some small appliances like rice cookers. Additionally, growing consumer demand for battery operated toothbrushes and capsule coffee machines will be a huge contributor to the increase in overall consumer appliance sales.
In-demand market research report “Consumer Appliances in South Korea” developed by Euromonitor International has been recently published by Market Publishers Ltd.
Title: Consumer Appliances in South Korea
Published: June, 2013
Price: US$ 2,400.00
The report offers a comprehensive guide to the size and shape of the South Korean market for consumer appliances and its key categories such as major appliances and small appliances. The study presents the latest retail sales data 2008-2012, and identifies the sectors fuelling market growth. It also provides insights into the top companies, the leading brands and strategically analyses major factors influencing the sector, including novel product developments, format trends or marketing & distribution issues. Additionally, the report is enriched with detailed forecasts up to 2017 showing the path of the future market development.
Other Market Research Reports by Euromonitor International Include:
- Consumer Appliances in Spain
- Beauty and Personal Care in Indonesia
- Beauty and Personal Care in Latvia
- Tissue and Hygiene in Macedonia
- Tissue and Hygiene in Serbia
More new market research reports by the publisher can be found at Euromonitor International page.