A Complete Study of Portable Dishwasher in Korea from (2023 to 2033)
Demand for portable dishwashers in Korea is estimated at US$ 7.3 million in 2023. The demand is expected to progress at a steady pace over the forecast period, with a CAGR of 4.5%. By 2033, the demand for portable dishwashers is expected to cross US$ 11.4 million.
Key Insights for Portable Dishwasher in Korea
Portable dishwasher sales in Korea have reached new magnitudes in recent years. Along with traditional built-in dishwashers, demand for portable dishwashers is increasing.
Convenience and comfort in the kitchen are essential for Korean people. In contrast to built-in dishwashers, portable dishwashers take up less space in the kitchen and can be moved around at the convenience of the consumers.
Commercial spaces in Korea have started building smart kitchens that can cater efficiently to customers. The hospitality sector has thus integrated portable dishwashers into kitchens as a more effective way of washing dishes.
Attributes
Details
Industry size for Korea in 2023
US$ 7.3 million
Expected Industry Size for Korea in 2033
US$ 11.4 million
Forecasted CAGR between 2023 to 2033
4.5%
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Key Trends for Portable Dishwasher in Korea
Lifestyles are receiving an upgrade in Korea, especially in urban spaces. Adoption of portable dishwashers is one way Korean consumers are making life more comfortable.
Portable dishwashers are still seen as a premium product by many. Among the lower-income sections of the Korean population, there is a problem with selling portable dishwashers. Thus, the scope of portable dishwashers is still limited in the country.
Nuclear families are on the rise in Korea. Portable dishwashers are more suitable for nuclear families as the loads are not high in volume.
Restaurants, bars, and other eating places traditionally have larger dishes than residential spaces. Portable dishwashers in Korea have kept up with the demand and are offering an ever-increasing number of place settings. Thus, portable dishwashers are becoming part of commercial spaces where the load is deemed high and constant.
Technology-savvy Korean people are enjoying the benefits of advanced technologies in portable dishwashers. Advanced capabilities like Wi-Fi connection and remote control through smartphones are endearing portable dishwashers to the Korean people.
Comparative View of Portable Dishwasher in Key Markets
Two regions other than Korea are studied for portable dishwashers. Trends and challenges to selling portable dishwashers are provided for all three regions. The regions by name are Japan and Western Europe.
Demand for Portable Dishwasher in Korea:
Attributes
Demand for Portable Dishwasher in Korea
CAGR (2023 to 2033)
4.5%
Valuation (2023)
US$ 11.4 million
Key Trend
Adoption of portable dishwashers in commercial spaces
Key Challenge
Portable dishwashers are still seen as a luxury product
Demand for Portable Dishwashers in Japan:
Attributes
Demand for Portable Dishwashers in Japan
CAGR (2023 to 2033)
4.1%
Valuation (2023)
US$ 62 million
Key Trend
Demand for compact, portable, and affordable dishwashing solutions
Key Challenge
The belief that portable dishwashers are inferior in ability to standard dishwashers
Demand for Portable Dishwasher in the Global Context:
Attributes
Demand for Portable Dishwasher in the Global Context
CAGR (2023 to 2033)
4.5%
Valuation (2023)
US$ 1,192.1 million
Key Trend
Dishwashing solution sought temporarily
Key Challenge
Prices of portable dishwashers are prohibitive for many
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Category-wise Insights
Portable Dishwashers are Proving to be a Hit in Commercial Spaces
The portable dishwasher is becoming a common item in many Korean commercial spaces. In 2023, an overwhelming 72.0% of the application of portable dishwasher is predicted to be attributed to commercial application.
Although portable dishwashers have been seen as a residential item, commercial spaces are using the product more regularly. Even though the load of dishes in commercial establishments is high, portable dishwashers have adapted. Portable dishwashers whose settings exceed 10 and even 15 place settings have been introduced. Thus, the portable dishwasher is becoming a suitable appliance in a commercial space.
Demand for Portable Dishwasher in Korea Based on Application
Commercial
Industry Share in 2023
72.0%
Medium Price Range Portable Dishwashers Hit the Sweet Spot for Korean Consumers
Medium-priced portable dishwashers are the most in-demand in Korea. For 2023, the medium price range portable dishwasher is expected to hold 56.7% of the industry share.
Low-price range portable dishwashers may be the only affordable option for many consumers, but the product's capabilities might not be up to the mark. High-end portable dishwashers, meanwhile, offer enhanced features but might not be suited to consumers whose needs are simple. Thus, medium-priced portable dishwashers are the preferred option for a majority of the Korean population.
Demand for Portable Dishwasher in Korea Based on Price Range
Medium
Industry Share in 2023
56.7%
Competitive Landscape
Large scale manufacturers dominate the industry outlook of portable dishwashers in Korea. Dominant companies, like Samsung and LG, have ensured the launching of new products happens at a good rate. Korean giants have also earned reputable names abroad and export portable dishwashers in large volumes.
Players in the industry are using tactical marketing strategies to reach consumers. By highlighting the capabilities and compactness of the product, players are accumulating consumers who prioritize convenience.
Recent Developments Observed in Portable Dishwashers in Korea
In August 2023, LG launched its SIGNATURE Countertop Full-Sized Dishwasher. The dishwasher comes with a built-in softener and boasts of providing all-around cleaning.
In November 2023, the Hyundai Portable Dishwasher was launched. The dishwasher aims to reduce the water and energy it takes to wash dishes in a dishwasher.
In August 2023, the Samsung Water Jet Countertop Dishwasher was launched. The dishwasher comes with the water jet technology in Samsung’s traditional dishwashers.
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Some of the Key Players with Portable Dishwashers in Korea
Electrolux AB
Samsung Electronics Co., Ltd
Robert Bosch GmbH
LG appliance
Sunpentown International Inc.
Danby Products Inc.
Whirlpool Corporation
Haier America Company LLC
BPL Ltd.
Glen Dimplex Home Appliances Ltd
Heatworks
Crosslee PLC
Scope of the Report
Attribute
Details
Estimated Industry Size in 2023
US$ 7.3 million
Projected Industry Size in 2033
US$ 11.4 million
Anticipated CAGR between 2023 to 2033
4.5% CAGR
Historical Analysis of Demand for Portable Dishwasher in Korea
2018 to 2022
Demand Forecast for Portable Dishwasher in Korea
2023 to 2033
Report Coverage
Industry Size, Industry Trends, Key Insights for Portable Dishwasher in Korea, Insights on Global Players and Leading Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers
Key Companies Profiled
ABBYY
Adobe
Ephesoft
Artsyl Technologies
CAPSYS Technologies
Oracle Corporation
SAP SE
Open Text Corporation
Hyland Software, Inc.
BOX
M-Files Inc.
Kofax
Nuance Communications
Solis-IDC
Chequer Inc.
Key Cities Profiled
South Gyeongsang
North Jeolla
South Jeolla
Jeju
Key Segments
By Application:
Residential
Commercial
By Price Range:
Low
Medium
High
By Cities:
South Gyeongsang
North Jeolla
South Jeolla
Jeju
Frequently Asked Questions
What is the Industry Size of Portable Dishwashers in Korea?
The industry size of portable dishwashers in Korea is estimated to be US$ 7.3 million in 2023.
At what rate are Portable Dishwashers Growing in Korea?
Portable dishwashers are forecasted to grow at a rate of 4.5% in Korea.
What is a Korean brand of Portable Dishwashers?
Samsung Electronics Co., Ltd, LG, and Hyundai are some of the prominent Korean brands for portable dishwashers.
What is the Preferred Price Range of Portable Dishwashers in Korea?
Medium price range portable dishwashers are preferred in Korea, with 56.7% of the industry share predicted for 2023.
Where are Portable Dishwashers Most Applied in Korea?
In Korea, portable dishwashers are mainly applied commercially, with a predicted 72.0% of the industry share in 2023.
Table of Content
1. Executive Summary
1.1. Korea Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033
5.3.1. Commercial
5.3.2. Residential
5.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
6. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Capacity
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Capacity, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Capacity, 2023 to 2033
6.3.1. 10-15 Place Settings
6.3.2. 5-10 Place Settings
6.4. Y-o-Y Growth Trend Analysis By Capacity, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Capacity, 2023 to 2033
7. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Distribution Channel, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Distribution Channel, 2023 to 2033
7.3.1. Exclusive Stores
7.3.2. Multi-brand Stores
7.3.3. Online Stores
7.3.4. Others
7.3.5. Wholesalers/Distributors
7.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033
8. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Price Range
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Price Range, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Price Range, 2023 to 2033
8.3.1. Low
8.3.2. High
8.3.3. Medium
8.4. Y-o-Y Growth Trend Analysis By Price Range, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Price Range, 2023 to 2033
9. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
9.3.1. South Gyeongsang
9.3.2. North Jeolla
9.3.3. South Jeolla
9.3.4. Jeju
9.3.5. Rest of Korea
9.4. Market Attractiveness Analysis By Region
10. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Application
10.2.2. By Capacity
10.2.3. By Distribution Channel
10.2.4. By Price Range
10.3. Market Attractiveness Analysis
10.3.1. By Application
10.3.2. By Capacity
10.3.3. By Distribution Channel
10.3.4. By Price Range
10.4. Key Takeaways
11. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Application
11.2.2. By Capacity
11.2.3. By Distribution Channel
11.2.4. By Price Range
11.3. Market Attractiveness Analysis
11.3.1. By Application
11.3.2. By Capacity
11.3.3. By Distribution Channel
11.3.4. By Price Range
11.4. Key Takeaways
12. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Application
12.2.2. By Capacity
12.2.3. By Distribution Channel
12.2.4. By Price Range
12.3. Market Attractiveness Analysis
12.3.1. By Application
12.3.2. By Capacity
12.3.3. By Distribution Channel
12.3.4. By Price Range
12.4. Key Takeaways
13. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Application
13.2.2. By Capacity
13.2.3. By Distribution Channel
13.2.4. By Price Range
13.3. Market Attractiveness Analysis
13.3.1. By Application
13.3.2. By Capacity
13.3.3. By Distribution Channel
13.3.4. By Price Range
13.4. Key Takeaways
14. Rest of Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Application
14.2.2. By Capacity
14.2.3. By Distribution Channel
14.2.4. By Price Range
14.3. Market Attractiveness Analysis
14.3.1. By Application
14.3.2. By Capacity
14.3.3. By Distribution Channel
14.3.4. By Price Range
14.4. Key Takeaways
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Application
15.3.3. By Capacity
15.3.4. By Distribution Channel
15.3.5. By Price Range
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Moneual
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. HAVA
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Dolphin Co., Ltd
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. TradeKorea
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Carousell Singapore
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. DA Technology
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Moneual
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Electrolux AB
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Samsung Electronics Co., Ltd
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Robert Bosch GmbH
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
16.1.11. LG appliance
16.1.11.1. Overview
16.1.11.2. Product Portfolio
16.1.11.3. Profitability by Market Segments
16.1.11.4. Sales Footprint
16.1.11.5. Strategy Overview
16.1.11.5.1. Marketing Strategy
16.1.11.5.2. Product Strategy
16.1.11.5.3. Channel Strategy
17. Assumptions & Acronyms Used18. Research Methodology
