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Home Furnishings in South Korea

May 2023 | 22 pages | ID: H1CD830D1D5EN
Euromonitor International Ltd

US$ 990.00

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In 2022, home furnishings in South Korea saw declines in current value terms and in terms of value sales at constant 2022 prices compared with the previous year, largely driven by a decline in the country’s real estate market. Most purchases of furniture in South Korea take place when people move house, and since house moves were more infrequent in 2022, this affected category sales. Another reason for the reduction of home furnishings value sales was the resumption of out-of-home lifestyles. Du...

Euromonitor International's Home Furnishings in South Korea report offers a comprehensive guide to the size and shape of market demand at a national level. It provides the latest retail sales data (historic date range), allowing you to identify the categories driving growth. It also identifies the leading companies and their brands, and offers strategic analysis of key factors influencing demand - from new product developments, consumer lifestyles, route to market and pricing issues. Forecasts to 2027 illustrate how market demand is expected to evolve in the medium-term


Product coverage: Indoor Living, Lighting, Outdoor Living.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
  • Get a detailed picture of the Home Furnishings market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.
Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.
HOME FURNISHINGS IN SOUTH KOREA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Decline for home furnishings in 2022
Other sitting furniture sees growth due to low prices
Decline for outdoor furniture mitigated by camping trend
PROSPECTS AND OPPORTUNITIES
Brands develop digital infrastructure to fill online-offline gap
Premiumisation will be a key trend in home furnishings in South Korea
CATEGORY DATA
Table 1 Sales of Home Furnishings by Category: Value 2017-2022
Table 2 Sales of Home Furnishings by Category: % Value Growth 2017-2022
Table 3 NBO Company Shares of Home Furnishings: % Value 2018-2022
Table 4 LBN Brand Shares of Home Furnishings: % Value 2019-2022
Table 5 LBN Brand Shares of Light Sources: % Value 2019-2022
Table 6 Distribution of Home Furnishings by Format: % Value 2017-2022
Table 7 Forecast Sales of Home Furnishings by Category: Value 2022-2027
Table 8 Forecast Sales of Home Furnishings by Category: % Value Growth 2022-2027
HOME AND GARDEN IN SOUTH KOREA
EXECUTIVE SUMMARY
Home and garden in 2022: The big picture
2022 key trends
Competitive landscape
Retailing developments
What next for home and garden?
MARKET DATA
Table 9 Sales of Home and Garden by Category: Value 2017-2022
Table 10 Sales of Home and Garden by Category: % Value Growth 2017-2022
Table 11 NBO Company Shares of Home and Garden: % Value 2018-2022
Table 12 LBN Brand Shares of Home and Garden: % Value 2019-2022
Table 13 Penetration of Private Label in Home and Garden by Category: % Value 2017-2022
Table 14 Distribution of Home and Garden by Format: % Value 2017-2022
Table 15 Distribution of Home and Garden by Format and Category: % Value 2022
Table 16 Forecast Sales of Home and Garden by Category: Value 2022-2027
Table 17 Forecast Sales of Home and Garden by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
Summary 1 Research Sources


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