South Korea Vacuum Cleaners Market 2024

$250.00

Description

The analysis predicts the vacuum cleaners market in South Korea will grow from USD 1,949 million in 2023 to USD 3,439 million by 2029, achieving a compound annual growth rate (CAGR) of 9.9 percent. Technological advancements, such as cordless models, potent suction, HEPA filtration, and robotic vacuum cleaners, have attracted consumers seeking efficient and convenient cleaning solutions. Heightened awareness of indoor air quality, allergies, and the need for a cleaner environment has driven the demand for vacuums with advanced filtration systems and allergen-removal capabilities.

Evolving lifestyles with time constraints have increased the necessity for efficient cleaning appliances, making vacuum cleaners essential for maintaining cleanliness with minimal effort. The growth of residential construction and renovations has contributed to the demand, as new homeowners and renovators seek to uphold cleanliness.

Manufacturers have differentiated products and attracted tech-savvy consumers by introducing new features like multi-surface cleaning, improved ergonomics, and smart connectivity. The rise of e-commerce platforms has facilitated consumer access, research, and convenient purchasing, further boosting vacuum cleaner sales.

This report presents a detailed overview of the South Korea vacuum cleaners 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 type, technology, and distribution channel. This detailed analysis supports the identification of growth opportunities within the vacuum cleaners industry.

Market Segmentation

The vacuum cleaners market in South Korea is structured as follows:
Product type: canister vacuum cleaner, handheld vacuum cleaner, robotic vacuum cleaner, steam vacuum cleaner, stick vacuum cleaner, upright vacuum cleaner
Technology: smart, non-smart
Distribution channel: supermarkets and hypermarkets, electronics and appliance stores, e-commerce, others

The South Korea vacuum cleaners market is segmented on the basis of product type, technology, and distribution channel. Based on product type, the vacuum cleaners market in South Korea is categorized into canister vacuum cleaner, handheld vacuum cleaner, robotic vacuum cleaner, steam vacuum cleaner, stick vacuum cleaner, and upright vacuum cleaner. On the basis of technology, the vacuum cleaners market in South Korea has been segmented into smart, and non-smart. By distribution channel, the vacuum cleaners market in South Korea has been segmented into supermarkets and hypermarkets, electronics and appliance stores, e-commerce, and others.

Competitive Landscape

The South Korea vacuum cleaners market is highly competitive. The leading players in the vacuum cleaners market include LG Corporation, The Samsung Group, Electrolux AB, Dyson Limited, Stanley Black & Decker Inc., Shinil Electronics Co. Ltd., Miele & Cie. KG, Suzhou Dibea Electrical Technology Co. Ltd., Groupe SEB, Beijing Roborock Technology Co. Ltd. (Roborock Company), Xiaomi Corporation, Yujin Robot Co. Ltd., Versuni Holding B.V., SK Magic Co. Ltd.

This report provides a thorough assessment of the South Korea vacuum cleaners market, examining the performance of leading players from 2019 to 2023. The analysis offers critical information on market share dynamics, pinpointing dominant incumbents as well as rising challengers. Leveraging this data enables companies to refine their strategies, seize growth opportunities, and sustain competitive advantage in an increasingly dynamic market environment.

Why Buy This Report?

Obtain precise statistical data and forecasts for the South Korea vacuum cleaners market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the South Korea vacuum cleaners market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea vacuum cleaners market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewSouth Korea vacuum cleaners market – product type analysis
South Korea vacuum cleaners market – technology analysis
South Korea vacuum cleaners market – distribution channel analysis
Key players and market share
– LG Corporation
– The Samsung Group
– Electrolux AB
– Dyson Limited
– Stanley Black & Decker, Inc.
…
Macroeconomic data and forecast
Disclaimer

FIGURES AND TABLES
Table South Korea vacuum cleaners market 2019-2029
Chart South Korea vacuum cleaners market, net growth, 2019-2029
Chart South Korea vacuum cleaners market, growth rates, 2019-2029
Table South Korea vacuum cleaners market by product type, 2019-2029
Chart South Korea vacuum cleaners market by product type, CAGR historic and forecast, 2019-2029
Chart South Korea vacuum cleaners market by product type, 2019-2029
Table South Korea vacuum cleaners market by technology, 2019-2029
Chart South Korea vacuum cleaners market by technology, CAGR historic and forecast, 2019-2029
Chart South Korea vacuum cleaners market by technology, 2019-2029
Table South Korea vacuum cleaners market by distribution channel, 2019-2029
Chart South Korea vacuum cleaners market by distribution channel, CAGR historic and forecast, 2019-2029
Chart South Korea vacuum cleaners market by distribution channel, 2019-2029
Table South Korea vacuum cleaners market share (%), by companies, 2019-2023
Chart South Korea vacuum cleaners market, by companies, 2023
Table South Korea vacuum cleaners market share (%), by brands, 2019-2023
Chart South Korea vacuum cleaners 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 vacuum cleaners market: spend as a proportion of GDP (%)
Table South Korea vacuum cleaners market: consumption per capita (population)

Additional information

Product Type

Industry Statistics
Region

Asia Pacific
Published Date

2024

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