New Market Report: Vacuum Cleaners in South Korea

Vacuum cleaners are one of the basic home appliances and a necessary item for cleaning homes. For the most common type of standard cylinder vacuum cleaners, manufacturers offer a wide range of prices to suit the individual needs of consumers. In order to overcome stagnant demand, players are increasingly competing at the premium level of vacuum cleaners, which helps to grow the market.

Competitive Landscape

LG Electronics Inc and Samsung Electronics Co Ltd have a combined volume share of 69% in 2015. Both leaders managed to gain additional share from the previous year when they had 68% combined volume share. The improved performances were supported by a series of new product launches with clearly upgraded functionality. Both LG and Samsung compete fiercely in standard vacuum cleaners as well as robotic vacuum cleaners. Although LG ranks first with a considerable gap in share, Samsung managed to grow slightly higher than LG due to its premium line of new products.

Full Report Details at
- http://www.fastmr.com/prod/1112928_vacuum_cleaners_south_korea.aspx?afid=301

Industry Prospects

Vacuum cleaners is a mature industry in South Korea and saw a 1% volume CAGR in the review period. The forecast period is expected to see the same volume growth. Despite market saturation, the leading players, LG and Samsung, developed advanced features and actively grew the new generation of premium products. As seen from the activity in 2015, the future growth of vacuum cleaners will be led by premium products.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Vacuum Cleaners industry in South Korea with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Vacuum Cleaners industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.

The Vacuum Cleaners in South Korea market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Vacuum Cleaners in South Korea?
* What are the major brands in South Korea?
* How have stick vacuum cleaners performance over the past 5 years?
* Are robotic vacuum cleaners the future for the vacuum industry?

Reasons to Get this Report

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