Furniture & Appliances market in South Korea
The South Korean Furniture & Appliances eCommerce market is predicted to reach US$8,688.0 million by 2023 and accounts for 8.5% of the total eCommerce market in South Korea. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 2.9%, resulting in a projected market volume of US$9,737.3 million by 2027. Within the Furniture & Appliances market ecommerceDB considers the following two sub-markets: Household Appliances and Furniture & Homeware.
Market development
eCommerce revenue development in the Plastic & Other Furniture market in South Korea
The South Korean Plastic & Other Furniture eCommerce market is predicted to reach US$156.3 million by 2023 and accounts for 4.2% of the Furniture & Homeware eCommerce market in South Korea. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 1.7%, resulting in a projected market volume of US$167.2 million by 2027. The Plastic & Other Furniture eCommerce market is a sub-market of the Furniture & Homeware market. Further categories within the Furniture & Homeware market are: Bedroom Furniture, Floor Covering, Kitchen Furniture, Lamps & Lighting, Living-Room & Dining-Room Furniture, and Other Furniture.
eCommerce revenue development in the Plastic & Other Furniture market in South Korea
Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war
Source: Statista Market Insights, ecommerceDB
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 65.6 | 69.2 | 24.1 | 54.6 | 90.2 | 5.9 | 76.7 | 32.0 |
| AOV (in US$) | 94.3 | 25.9 | 86.5 | 48.3 | 97.8 | 6.0 | 3.0 | 74.4 |
| CVR (in %) | 65.6 | 69.2 | 24.1 | 54.6 | 90.2 | 5.9 | 76.7 | 32.0 |
Market definition
Definition of the Plastic & Other Furniture market within the Furniture & Appliances market
Market definition: Furniture & Appliances > Furniture & Homeware > Plastic & Other Furniture The category Plastic & Other Furniture includes furniture made of materials other than wood. The Other Furniture section covers plastic and bamboo chairs and tables for the garden, small plastic furniture for children, plastic storage units, home decor items, and other outdoor furniture. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Plastic and bamboo furniture
- Furniture for kids
Out-of-scope
- Furniture covered in other market sections
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