South Korea Online Retail Market to 2027
Summary
Online Retail in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 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 online retail market is segmented into apparel retail, electrical & electronics retail, food & grocery retail, home & garden products, furniture & floor coverings, and footwear.
- The South Korean online retail sector had total revenues of $59.4 billion in 2022, representing a compound annual growth rate (CAGR) of 18% between 2017 and 2022.
- The food & grocery retail segment accounted for the sector's largest proportion in 2022, with total revenues of $21.4 billion, equivalent to 36.1% of the sector's overall value.
- The growth in the South Korean online retail sector is influenced by several macroeconomic factors, such as rising GDP and growing consumer confidence. For instance, according to the Bank of Korea, the consumer confidence index in South Korea reached 103.2 in July 2023, up from 90.2 in December 2022.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the online retail market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the online retail market in South Korea
- Leading company profiles reveal details of key online retail market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea online retail market with five year forecasts by both value and volume
- What was the size of the South Korea online retail market by value in 2022?
- What will be the size of the South Korea online retail market in 2027?
- What factors are affecting the strength of competition in the South Korea online retail market?
- How has the market performed over the last five years?
- How large is South Korea’s online 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
- 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 Company Profiles
- 7.1. Gwangju Shinsegae Co. Ltd.
- 7.2. Amazon.com, Inc.
- 7.3. CJ CheilJedang Corp
- 8 Macroeconomic Indicators
- 8.1. Country data
- 9 Appendix
- 9.1. Methodology
- 9.2. Industry associations
- 9.3. Related MarketLine research
- 9.4. About MarketLine
- List of Tables
- Table 1: South Korea online retail sector value: $ million, 2017–22
- Table 2: South Korea online retail sector category segmentation: % share, by value, 2017–2022
- Table 3: South Korea online retail sector category segmentation: $ million, 2017-2022
- Table 4: South Korea online retail sector geography segmentation: $ million, 2022
- Table 5: South Korea online retail sector distribution: % share, by value, 2022
- Table 6: South Korea online retail sector value forecast: $ million, 2022–27
- Table 7: Gwangju Shinsegae Co. Ltd.: key facts
- Table 8: Gwangju Shinsegae Co. Ltd.: Annual Financial Ratios
- Table 9: Gwangju Shinsegae Co. Ltd.: Key Employees
- Table 10: Amazon.com, Inc.: key facts
- Table 11: Amazon.com, Inc.: Annual Financial Ratios
- Table 12: Amazon.com, Inc.: Key Employees
- Table 13: Amazon.com, Inc.: Key Employees Continued
- Table 14: CJ CheilJedang Corp: key facts
- Table 15: CJ CheilJedang Corp: Annual Financial Ratios
- Table 16: CJ CheilJedang Corp: Key Employees
- 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 online retail sector value: $ million, 2017–22
- Figure 2: South Korea online retail sector category segmentation: $ million, 2017-2022
- Figure 3: South Korea online retail sector geography segmentation: % share, by value, 2022
- Figure 4: South Korea online retail sector distribution: % share, by value, 2022
- Figure 5: South Korea online retail sector value forecast: $ million, 2022–27
- Figure 6: Forces driving competition in the online retail sector in South Korea, 2022
- Figure 7: Drivers of buyer power in the online retail sector in South Korea, 2022
- Figure 8: Drivers of supplier power in the online retail sector in South Korea, 2022
- Figure 9: Factors influencing the likelihood of new entrants in the online retail sector in South Korea, 2022
- Figure 10: Factors influencing the threat of substitutes in the online retail sector in South Korea, 2022
- Figure 11: Drivers of degree of rivalry in the online retail sector in South Korea, 2022
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook