Demand and Sales Analysis of Portable Dishwasher in Korea

A Complete Study of Portable Dishwasher in Korea from (2023 to 2033)

Demand for portable dishwashers in Korea is estimated at USD 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 USD 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	USD 7.3 million
Expected Industry Size for Korea in 2033	USD 11.4 million
Forecasted CAGR between 2023 to 2033	4.5%

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.

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.

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	USD 7.3 million
Projected Industry Size in 2033	USD 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

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
• 5. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application
  • 5.1. Commercial
  • 5.2. Residential
• 6. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Capacity
  • 6.1. 10-15 Place Settings
  • 6.2. 5-10 Place Settings
• 7. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
  • 7.1. Exclusive Stores
  • 7.2. Multi-brand Stores
  • 7.3. Online Stores
  • 7.4. Others
  • 7.5. Wholesalers/Distributors
• 8. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Price Range
  • 8.1. Low
  • 8.2. High
  • 8.3. Medium
• 9. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 9.1. South Gyeongsang
  • 9.2. North Jeolla
  • 9.3. South Jeolla
  • 9.4. Jeju
  • 9.5. Rest of Korea
• 10. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 11. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 12. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 13. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 14. Rest of Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 15. Market Structure Analysis
• 16. Competition Analysis
  • 16.1. Moneual
  • 16.2. HAVA
  • 16.3. Dolphin Co., Ltd
  • 16.4. TradeKorea
  • 16.5. Carousell Singapore
  • 16.6. DA Technology
  • 16.7. Moneual
  • 16.8. Electrolux AB
  • 16.9. Samsung Electronics Co., Ltd
  • 16.10. Robert Bosch GmbH
  • 16.11. LG appliance
• 17. Assumptions & Acronyms Used
• 18. Research Methodology