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Luxury Timepieces in South Korea

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    Report

  • 21 Pages
  • January 2021
  • Region: South Korea
  • Euromonitor International
  • ID: 4015344
Luxury timepieces dropped into negative growth territory in 2020 as a result of COVID-19, although the impact was not as severe as duty-free shops. There was some negative factor during Q1. With the virus being controlled from Q2m and delayed weddings to be held in Q3 and Q4, local demand rose during this period. With a second wave emerging in South Korea in August, however, weddings which had already been postponed several times due to COVID-19 were again rescheduled.

The Luxury Timepieces in South Korea report offers a comprehensive guide to the size and shape of the Luxury Timepieces market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Timepieces retailing along with the development of consumers’ shopping patterns. Forecasts to 2025 illustrate how the market is set to change

Product coverage: Men's Luxury Timepieces, Women's Luxury Timepieces.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Luxury Timepieces market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

KEY DATA FINDINGS
2020 IMPACT
  • Category drops into negative growth territory, but not as severe as others
  • Counterfeit goods remain an issue
  • YouTube utilised as marketing tool

RECOVERY AND OPPORTUNITIES
  • E-commerce set for growth despite traditional preference for bricks and mortar
  • Desire for individuality evident among more affluent consumers
  • More new entrants expected

CATEGORY DATA
  • Table 1 Sales of Luxury Timepieces by Category: Value 2015-2020
  • Table 2 Sales of Luxury Timepieces by Category: % Value Growth 2015-2020
  • Table 3 NBO Company Shares of Luxury Timepieces: % Value 2015-2019
  • Table 4 LBN Brand Shares of Luxury Timepieces: % Value 2016-2019
  • Table 5 Distribution of Luxury Timepieces by Format: % Value 2015-2020
  • Table 6 Forecast Sales of Luxury Timepieces by Category: Value 2020-2025
  • Table 7 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2020-2025

EXECUTIVE SUMMARY
  • COVID-19 impact on luxury goods
  • COVID-19 country impact
  • Company response
  • Retailing shift
  • What next for luxury goods?

MARKET INDICATORS
  • Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA
  • Table 9 Sales of Luxury Goods by Category: Value 2015-2020
  • Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
  • Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
  • Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
  • Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
  • Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
  • Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
  • Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

DISCLAIMERGLOBAL MACROECONOMIC ENVIRONMENTGLOBAL INDUSTRY ENVIRONMENT
SOURCES
  • Summary 1 Research Sources