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South Korea Jewelry and Watch Retail Market Summary, Competitive Analysis and Forecast, 2017-2026

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    Report

  • 46 Pages
  • December 2022
  • Region: South Korea
  • MarketLine
  • ID: 5717428
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Jewelry & Watch Retail in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The Jewelry, Watches and Accessories market includes gold jewelry, silver jewelry and other precious jewelry like diamonds, platinum, precious stones (sapphires, emeralds and rubies), pearls (natural and cultured) and semi-precious stones (e.g. quartz, opal, topaz, amethyst, coral etc.), fashion jewelry (non-precious jewelry), hair accessories, belts, hats, gloves, scarves, sunglasses and ties, plus watches.
  • The South Korean jewelry & watches market generated total revenues of $8,878.4 million in 2021, representing a compound annual growth rate (CAGR) of 0.5% between 2017 and 2021.
  • The accessories segment was the market's most lucrative in 2021, with total revenues of $4,861.7 million, equivalent to 54.8% of the market's overall value.
  • In 2020, the market experienced negative growth owing to economic uncertainty, low demand, and diverted spending on essential goods. In 2021, the market continues to decline further.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the jewelry & watch retail market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the jewelry & watch retail market in South Korea
  • Leading company profiles reveal details of key jewelry & watch retail market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea jewelry & watch retail market with five year forecasts

Reasons to Buy

  • What was the size of the South Korea jewelry & watch retail market by value in 2021?
  • What will be the size of the South Korea jewelry & watch retail market in 2026?
  • What factors are affecting the strength of competition in the South Korea jewelry & watch retail market?
  • How has the market performed over the last five years?
  • How large is South Korea’s jewelry & watch retail market in relation to its regional counterparts?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive Landscape

2 Market Overview
2.1. Market definition
2.2. Market analysis

3 Market Data
3.1. Market value

4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
4.3. Market distribution

5 Market Outlook
5.1. Market value forecast

6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do leading players follow?
7.3. What are the strengths of leading players?
7.4. Have there been any significant mergers/acquisitions in recent years?

8 Company Profiles
8.1. Lotte Shopping Co., Ltd.
8.2. Compagnie Financiere Richemont SA
8.3. LVMH Moet Hennessy Louis Vuitton SA

9 Macroeconomic Indicators
9.1. Country data

10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Publisher

List of Tables
Table 1: South Korea jewelry & watches market value: $ million, 2016-21
Table 2: South Korea jewelry & watches market category segmentation: % share, by value, 2016-2021
Table 3: South Korea jewelry & watches market category segmentation: $ million, 2016-2021
Table 4: South Korea jewelry & watches market geography segmentation: $ million, 2021
Table 5: South Korea jewelry & watches market distribution: % share, by value, 2021
Table 6: South Korea jewelry & watches market value forecast: $ million, 2021-26
Table 7: Lotte Shopping Co., Ltd.: key facts
Table 8: Lotte Shopping Co., Ltd.: Annual Financial Ratios
Table 9: Lotte Shopping Co., Ltd.: Key Employees
Table 10: Compagnie Financiere Richemont SA: key facts
Table 11: Compagnie Financiere Richemont SA: Annual Financial Ratios
Table 12: Compagnie Financiere Richemont SA: Key Employees
Table 13: LVMH Moet Hennessy Louis Vuitton SA: key facts
Table 14: LVMH Moet Hennessy Louis Vuitton SA: Annual Financial Ratios
Table 15: LVMH Moet Hennessy Louis Vuitton SA: Key Employees
Table 16: LVMH Moet Hennessy Louis Vuitton SA: Key Employees Continued
Table 17: South Korea size of population (million), 2017-21
Table 18: South Korea gdp (constant 2005 prices, $ billion), 2017-21
Table 19: South Korea gdp (current prices, $ billion), 2017-21
Table 20: South Korea inflation, 2017-21
Table 21: South Korea consumer price index (absolute), 2017-21
Table 22: South Korea exchange rate, 2017-21

List of Figures
Figure 1: South Korea jewelry & watches market value: $ million, 2016-21
Figure 2: South Korea jewelry & watches market category segmentation: $ million, 2016-2021
Figure 3: South Korea jewelry & watches market geography segmentation: % share, by value, 2021
Figure 4: South Korea jewelry & watches market distribution: % share, by value, 2021
Figure 5: South Korea jewelry & watches market value forecast: $ million, 2021-26
Figure 6: Forces driving competition in the jewelry & watches market in South Korea, 2021
Figure 7: Drivers of buyer power in the jewelry & watches market in South Korea, 2021
Figure 8: Drivers of supplier power in the jewelry & watches market in South Korea, 2021
Figure 9: Factors influencing the likelihood of new entrants in the jewelry & watches market in South Korea, 2021
Figure 10: Factors influencing the threat of substitutes in the jewelry & watches market in South Korea, 2021
Figure 11: Drivers of degree of rivalry in the jewelry & watches market in South Korea, 2021

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Lotte Shopping Co., Ltd.
  • Compagnie Financiere Richemont SA
  • LVMH Moet Hennessy Louis Vuitton SA