South Korea Jewelry and Watch Retail Market Summary, Competitive Analysis and Forecast to 2026
Summary
Jewelry & Watch Retail in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-21, 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.
- 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 by both value and volume
- 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?
- 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
- 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 MarketLine research
- 10.4. About MarketLine
- 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, 2018-22
- 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
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