Irons - South Korea

  • South Korea
  • In South Korea, the revenue in the Irons market reached €72.93m in 2024.
  • It is projected to experience an annual growth rate of 3.80% (CAGR 2024-2029).
  • When compared globally, in China generates the highest revenue in this segment, with €1,983m in 2024.
  • In terms of per household revenue, in South Korea generates €3.34 in 2024.
  • Looking ahead, the volume in the Irons market is expected to reach 2.2m pieces by 2029.
  • However, there is a slight decline of 1.8% in volume growth expected for 2025.
  • Lastly, the average volume per household in the Irons market is projected to be 0.09pieces in 2024.
  • This information highlights the market segment of Irons market and its significance within the country of South Korea.
  • The demand for advanced and innovative irons in South Korea has been steadily increasing due to the country's strong focus on technology and modernization.

Key regions: Japan, China, Canada, Indonesia, Europe

 
Marché
 
Région
 
Comparaison de régions
 
Monnaie
 

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.

Vue d’ensemble

  • Revenue
  • Key Players
  • Volume
  • Price
  • Sales Channels
  • Global Comparison
  • Methodology
  • Key Market Indicators
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