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

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    Report

  • 43 Pages
  • October 2023
  • Region: South Korea
  • MarketLine
  • ID: 5907617
Description Jump to:
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?

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
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 research
10.4. About the Publisher
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

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

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

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About the Jewelry Retail Market

The Jewelry Retail market is a sector of the jewelry and watch industry that focuses on the sale of jewelry and watches to consumers. It includes both physical stores and online retailers. Jewelry retailers typically offer a wide selection of jewelry and watches, including rings, necklaces, bracelets, earrings, and watches. They may also offer services such as repairs, appraisals, and custom designs. Jewelry retailers often specialize in certain types of jewelry, such as fine jewelry, costume jewelry, or watches. They may also offer a variety of services, such as engraving, cleaning, and resizing. Many jewelry retailers also offer financing options, allowing customers to purchase jewelry over time. Jewelry retailers are typically located in shopping malls, department stores, and other retail locations. They may also have their own stores or websites. Some companies in the Jewelry Retail market include Tiffany & Co., Zales, Kay Jewelers, Helzberg Diamonds, and Jared. Show Less Read more

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