Luxury Timepieces in South Korea

December 2021 | 20 pages | ID: LDC36630D9DEN
Euromonitor International Ltd

Abstracts

Foreign luxury brands have been raising their prices, including Cartier, Piaget, Omega, TAG Heuer and Fred. Among the price increases are the Cartier Tank Solo watch, which is popular for wedding gifts (yemul), rising by 5.3% from KRW5.7 million to KRW6.0 million, and the Omega Seamaster Diver 300, a watch popular among men, rising by 3.1% from KRW6.5 million to KRW6.7 million. Such price rises will help to drive value growth in luxury timepieces in 2021, as the category recovers from 2020, when...

Euromonitor International's Luxury Timepieces in South Korea report offers a comprehensive guide to the size and shape of the Luxury Timepieces market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Timepieces retailing along with the development of consumers’ shopping patterns. Forecasts to 2025 illustrate how the market is set to change

Product coverage: Men's Luxury Timepieces, Women's Luxury Timepieces.

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

Why buy this report?

• Get a detailed picture of the Luxury Timepieces 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.

Contents

LUXURY TIMEPIECES IN SOUTH KOREA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Rebound in luxury timepiece sales in 2021 after dip in sales seen in 2020
Luxury timepiece sales in South Korea hit by the loss of sales to Chinese tourists
Importance of VIP-centric offline sales strategy
PROSPECTS AND OPPORTUNITIES
Desire for individuality evident among more affluent consumers
Travel restrictions boost luxury timepiece sales among local consumers
Breitling products now available online
CATEGORY DATA
Table 1 Sales of Luxury Timepieces by Category: Value 2016-2021
Table 2 Sales of Luxury Timepieces by Category: % Value Growth 2016-2021
Table 3 NBO Company Shares of Luxury Timepieces: % Value 2016-2020
Table 4 LBN Brand Shares of Luxury Timepieces: % Value 2017-2020
Table 5 Distribution of Luxury Timepieces by Format: % Value 2016-2021
Table 6 Forecast Sales of Luxury Timepieces by Category: Value 2021-2026
Table 7 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2021-2026
LUXURY GOODS IN SOUTH KOREA
EXECUTIVE SUMMARY
Luxury goods in 2021: The big picture
2021 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 8 Sales of Luxury Goods by Category: Value 2016-2021
Table 9 Sales of Luxury Goods by Category: % Value Growth 2016-2021
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2016-2021
Table 11 NBO Company Shares of Luxury Goods: % Value 2016-2020
Table 12 LBN Brand Shares of Luxury Goods: % Value 2017-2020
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2021
Table 14 Forecast Sales of Luxury Goods by Category: Value 2021-2026
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2021-2026
DISCLAIMER
SOURCES
Summary 1 Research Sources