South Korea Jewelry and Watch Retail Market Summary, Competitive Analysis and Forecast to 2027

South Korea Jewelry and Watch Retail Market Summary, Competitive Analysis and Forecast to 2027


Summary

Jewelry & Watch Retail in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). 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 & watches market had total revenues of $11.3 billion in 2022, representing a compound annual growth rate (CAGR) of 5.7% between 2017 and 2022.
  • The accessories segment accounted for the market's largest proportion in 2022, with total revenues of $7.1 billion, equivalent to 62.5% of the market's overall value.
  • According to in-house research, in 2022, South Korea accounted for 3.73% of the Asia-Pacific jewelry and watches retail market.
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 2022?
  • What will be the size of the South Korea jewelry & watch retail market in 2027?
  • 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?


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?
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 & watches market value: $ million, 2017–22
Table 2: South Korea jewelry & watches market category segmentation: % share, by value, 2017–2022
Table 3: South Korea jewelry & watches market category segmentation: $ million, 2017-2022
Table 4: South Korea jewelry & watches market geography segmentation: $ million, 2022
Table 5: South Korea jewelry & watches market value forecast: $ million, 2022–27
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: Compagnie Financiere Richemont SA: Key Employees Continued
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), 2018–22
Table 18: South Korea gdp (constant 2005 prices, $ billion), 2018–22
Table 19: South Korea gdp (current prices, $ billion), 2018–22
Table 20: South Korea inflation, 2018–22
Table 21: South Korea consumer price index (absolute), 2018–22
Table 22: South Korea exchange rate, 2018–22
List of Figures
Figure 1: South Korea jewelry & watches market value: $ million, 2017–22
Figure 2: South Korea jewelry & watches market category segmentation: $ million, 2017-2022
Figure 3: South Korea jewelry & watches market geography segmentation: % share, by value, 2022
Figure 4: South Korea jewelry & watches market value forecast: $ million, 2022–27
Figure 5: Forces driving competition in the jewelry & watches market in South Korea, 2022
Figure 6: Drivers of buyer power in the jewelry & watches market in South Korea, 2022
Figure 7: Drivers of supplier power in the jewelry & watches market in South Korea, 2022
Figure 8: Factors influencing the likelihood of new entrants in the jewelry & watches market in South Korea, 2022
Figure 9: Factors influencing the threat of substitutes in the jewelry & watches market in South Korea, 2022
Figure 10: Drivers of degree of rivalry in the jewelry & watches market in South Korea, 2022

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