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Biz News Korea(Eng)

Samsung and LG confirm clout in U.S home appliance market

Collected: 2017.07.28

Distributed: 2017.07.31

Source: Go Direct

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South Korea’s household electronics names Samsung Electronics Co. and LG Electronics Inc. remained dominant in North American consumer electronics market, sweeping consumer satisfaction survey and market share data.

According to global market research company J.D. Power on Friday, LG Electronics ranked the highest on seven consumer electronics segments including front-load washer, clothes dryer, and refrigerator. The survey was conducted on a total of 11 categories.

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It is the first time for a single electronics maker to sweep seven segments simultaneously.

On the same day, Samsung Electronics announced that it topped the U.S home appliance market by securing a 18.2 percent share on a sales basis in the second quarter ended June, citing U.S. market research firm TraQline’s report. Its sales in the first six months expanded 3 percentage points to 18.7 percent against a year ago period.

Samsung Electronics has stayed top in the U.S home appliance market for five straight quarters.

By Lee Dong-in

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