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Country Report

Luxury Timepieces in

Luxury Timepieces in South Korea

Feb 2019

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Growth steady but slower as category matures

Manufacturers expected strong category growth during 2017 and 2018. However, sales to inbound tourists’ decreased due to political tension with China and luxury timepieces failed to witness strong growth.

Greater diversity in distribution

While department stores remained the most important retail distribution channel, TV homeshopping expanded its coverage to include luxury brands. Not only domestic brands but also designer brands such as Gucci were commonly sold through the TV homeshopping channel.

COMPETITIVE LANDSCAPE

International brands dominant

International brands continued to dominate luxury timepieces. Unlike other luxury goods categories, no domestic players were present.

Concentrated competitive landscape

The top five companies accounted for almost two thirds of retail value sales in 2017. However, their dominance declined in the second half of the review period as demand increased for new and unique brands.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Timepieces industry in South Korea with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Timepieces industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Timepieces in South Korea market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Timepieces in South Korea?
What are the major brands in South Korea?
How dynamic is the growth of Luxury Timepieces internet sales?
What is driving growth?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply function

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Luxury Timepieces in South Korea - Category analysis

HEADLINES

PROSPECTS

Growth steady but slower as category matures

Greater diversity in distribution

COMPETITIVE LANDSCAPE

International brands dominant

Concentrated competitive landscape

CATEGORY DATA

Table 1 Sales of Luxury Timepieces by Category: Value 2013-2018
Table 2 Sales of Luxury Timepieces by Category: % Value Growth 2013-2018
Table 3 NBO Company Shares of Luxury Timepieces: % Value 2013-2017
Table 4 LBN Brand Shares of Luxury Timepieces: % Value 2014-2017
Table 5 Distribution of Luxury Timepieces by Format: % Value 2013-2018
Table 6 Forecast Sales of Luxury Timepieces by Category: Value 2018-2023
Table 7 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2018-2023

Luxury Goods in South Korea - Industry Overview

EXECUTIVE SUMMARY

Strong and steady domestic demand supports luxury goods in 2018

Luxury goods appeal to many consumers

Daimler AG leads luxury goods in 2017

Retailing disruptors work as a blind spot for luxury goods

Retail value growth and government support expected

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2013-2018

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2013-2018
Table 10 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 12 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 13 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 15 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

Megatrends

Country Report

Luxury Timepieces in South Korea

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Executive Summary

New Report Guarantee

PROSPECTS

Growth steady but slower as category matures

Greater diversity in distribution

COMPETITIVE LANDSCAPE

International brands dominant

Concentrated competitive landscape

Overview

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Table of Contents

Luxury Timepieces in South Korea - Category analysis

HEADLINES

PROSPECTS

Growth steady but slower as category matures

Greater diversity in distribution

COMPETITIVE LANDSCAPE

International brands dominant

Concentrated competitive landscape

CATEGORY DATA

Luxury Goods in South Korea - Industry Overview

EXECUTIVE SUMMARY

Strong and steady domestic demand supports luxury goods in 2018

Luxury goods appeal to many consumers

Daimler AG leads luxury goods in 2017

Retailing disruptors work as a blind spot for luxury goods

Retail value growth and government support expected

MARKET INDICATORS

MARKET DATA

SOURCES

Why buy this report?

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Megatrends

Country Report

Luxury Timepieces in South Korea

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Growth steady but slower as category matures

Greater diversity in distribution

COMPETITIVE LANDSCAPE

International brands dominant

Concentrated competitive landscape

Overview

Why buy this report?

Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

Luxury Timepieces in South Korea - Category analysis

HEADLINES

PROSPECTS

Growth steady but slower as category matures

Greater diversity in distribution

COMPETITIVE LANDSCAPE

International brands dominant

Concentrated competitive landscape

CATEGORY DATA

Luxury Goods in South Korea - Industry Overview

EXECUTIVE SUMMARY

Strong and steady domestic demand supports luxury goods in 2018

Luxury goods appeal to many consumers

Daimler AG leads luxury goods in 2017

Retailing disruptors work as a blind spot for luxury goods

Retail value growth and government support expected

MARKET INDICATORS

MARKET DATA

SOURCES

Why buy this report?

Want to find out more about this report?

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