Jewelry & Watch Retail in South Korea
Summary
Jewelry & Watch Retail in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The market Includes gold jewelry, silver jewelry, and other precious jewelry like diamonds, platinum, precious stones (sapphires, emeralds, and rubies), pearls (natural and cultured), semi-precious stones (e.g. quartz, opal, topaz, amethyst, coral etc.), precious charms, brooches, cufflinks, body jewelry, precious hair accessories/headwear (tiaras) and fine watches.
- The South Korean jewelry & watch retail market registered revenues of $12,106.9 million in 2023, representing a compound annual growth rate (CAGR) of 1.2% between 2018 and 2023.
- The accessories segment accounted for the market's largest proportion in 2023, with total revenues of $7,515.8 million, equivalent to 62.1% of the market's overall value.
- In 2023, the South Korean jewelry & watch retail market experienced an 8.0% annual growth, fueled by factors such as declining unemployment, an improved standard of living, and a rising GDP, all of which contributed to the market's expansion.
- Save time carrying out entry-level research by identifying the size, growth, major segments, 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
- What was the size of the South Korea jewelry & watch retail market by value in 2023?
- What will be the size of the South Korea jewelry & watch retail market in 2028?
- 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?
- What are the main segments that make up South Korea's jewelry & watch retail market?
- 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
- 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 recent developments in the market?
- 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 MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: South Korea jewelry & watch market value: $ million, 2018-23
- Table 2: South Korea jewelry & watch market category segmentation: % share, by value, 2018-23
- Table 3: South Korea jewelry & watch market category segmentation: $ million, 2018-23
- Table 4: South Korea jewelry & watch market geography segmentation: $ million, 2023
- Table 5: South Korea jewelry & watch market value forecast: $ million, 2023-28
- Table 6: Lotte Shopping Co Ltd: key facts
- Table 7: Lotte Shopping Co Ltd: Annual Financial Ratios
- Table 8: Lotte Shopping Co Ltd: Key Employees
- Table 9: Compagnie Financiere Richemont SA: key facts
- Table 10: Compagnie Financiere Richemont SA: Annual Financial Ratios
- Table 11: Compagnie Financiere Richemont SA: Key Employees
- Table 12: LVMH Moet Hennessy Louis Vuitton SA: key facts
- Table 13: LVMH Moet Hennessy Louis Vuitton SA: Annual Financial Ratios
- Table 14: LVMH Moet Hennessy Louis Vuitton SA: Key Employees
- Table 15: LVMH Moet Hennessy Louis Vuitton SA: Key Employees Continued
- Table 16: South Korea exchange rate, 2018-23
- List of Figures
- Figure 1: South Korea jewelry & watch market value: $ million, 2018-23
- Figure 2: South Korea jewelry & watch market category segmentation: $ million, 2018-23
- Figure 3: South Korea jewelry & watch market geography segmentation: % share, by value, 2023
- Figure 4: South Korea jewelry & watch market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the jewelry & watch market in South Korea, 2023
- Figure 6: Drivers of buyer power in the jewelry & watch market in South Korea, 2023
- Figure 7: Drivers of supplier power in the jewelry & watch market in South Korea, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the jewelry & watch market in South Korea, 2023
- Figure 9: Factors influencing the threat of substitutes in the jewelry & watch market in South Korea, 2023
- Figure 10: Drivers of degree of rivalry in the jewelry & watch market in South Korea, 2023
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