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Jewelry & Watches in South Korea

Summary

Jewelry & Watches in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the South Korea jewelry & watches market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

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 is expected to generate total revenues of $6,176.6m in 2017, representing a compound annual growth rate (CAGR) of 4.2% between 2013 and 2017.
- The performance of the market is forecast to follow a similar pattern with an anticipated CAGR of 4.3% for the five-year period 2017 - 2022, which is expected to drive the market to a value of $7,627.7m by the end of 2022.
- South Korea is considered to be a very exciting market for the future in jewelry and watches. Stable economic growth, low income inequality, and the industrial hubs of Seoul and Gyeonggi-do have fuelled spending on luxury goods. Comparatively South Korea has a good deal of potential for growth too, because of the relatively small market size compared to its peers.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the jewelry & watches market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the jewelry & watches market in South Korea
- Leading company profiles reveal details of key jewelry & watches market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea jewelry & watches market with five year forecasts

Reasons to buy

- What was the size of the South Korea jewelry & watches market by value in 2017?
- What will be the size of the South Korea jewelry & watches market in 2022?
- What factors are affecting the strength of competition in the South Korea jewelry & watches market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's jewelry & watches market?