·
South Korea online retail market is
expected to reach USD 66 billion by
2019
·
Future growth of South Korea online retail market
is expected to be led by improvement in technology regarding online payments,
improved logistics and increased internet penetration
·
The market leader, eBay is expected to
maintain focus on Asian markets and providing better deals and services to its
customers to compete with other players in the industry, however it is going to
face strong challenge from Coupang which is expected to be the largest player
in the segment till 2016
Ken
Research announced its latest publication on “South Korea Online Retail Market
Outlook to 2019” which provides a comprehensive analysis
of the retail market in South Korea. The report covers various aspects such as
market size of South Korea online retail market, segmentation on the basis of product
type and modes of distribution. The report is useful for government, industry
consultants, online retailers, offline retailers, food and grocery stores,
online electronic chains, apparel and footwear manufacturers, other
stakeholders and new players venturing in the market.
The demand in
online retail market of South Korea has inclined at a substantial growth rate
even after the economic slowdown in 2008. This demand has enhanced due to the
increased usage of high speed internet, rising smart phone penetration and high
proportion of old aged people in the country. These factors are expected to
lead the growth in online retail backed by the improvements in the payment
gateways, better packaging and delivering options. During the
period 2009-2014, online retail market in South Korea has expanded at a
substantial CAGR of 17.7%, which has marked the gross merchandise value at USD ~
billion during 2014.
According to the
research report, the South Korea online retail market will grow at a
considerable CAGR rate thus exceeding USD 66.2 billion by
2019 due to the rising income level and growing influence of social
media with increasing demand for clothing,
fashion products, electronics and beauty products by a large number of middle
aged people in the country who wish to upkeep with the trends and stay
up-to-date in line with developments in the country.
“While, rising disposable income, hike in middle aged population
and increasing number of internet and smartphone users in the country will result
in increased revenue from online retail in South Korea, Cyber crimes and frauds, higher
competition and customers’ reluctance to pay high amounts online are few of the
major challenges which will affect the growth of this industry in the future”, according
to the Research Analyst, Ken Research.
Key
Topics Covered in the Report:
South Korea Online Retail Market
-
Market Size by Gross Merchandise Value, Number
of Orders by Product Type, Average Order Size by Product Type
-
Market Segmentation by
o
Product Type
o
Mode of Distribution
-
Trends and Development
-
SWOT
-
Competition and Market Share
-
Important Mergers and Acquisitions
-
Important Investments
-
Growth Drivers
-
Government Rules and Regulations
-
Pre-Requisites to Enter the Market
-
Analyst Recommendation
-
Cause and Effect Relationship
-
Future Outlook
-
Macro Economic Parameters
Key
Products Mentioned in the Report
Online Clothing, Footwear and Fashion Products
Online Books and Stationery
Online Electronics
Online Beauty Products
Online Sports, Music and Entertainment Products
Online Food and Grocery
Online Baby Products, Household
Goods, Motor Parts & Accessories and Garden Products
Companies
Covered in the Report
eBay, GMarket, eBay Auction, 11 Street, Interpark, Lotte, Emart,
GS Home Shopping, CJ O Shopping, Hyundai Home, Shopping, Lotte Home Shopping,
Home and Shopping, NS Home Shopping, Fashion Plus, Dahong, Yesstyle.Com,
Bershka.Com, Musinsa.Com, Fashionstart.Net, Elf Fashion, Hiphoper.Com, Etude
House, Pore Lab, Thefaceshop, Missha, Roseroseshop, Moonshot-Cosmetics.Com,
Naturerepublic.Com, Theskinfood.Com, Sokoglam.Com, Kyobo, Yes24, Aladin,
Ypbooks.Co.Kr, Bandinlunis.Com, Libro.Co.Kr, Heyeonni.Com, Compuzone, Himart,
Icoda, LG Electronics, B-Store.Co.Kr, Lots Etland, Hello Nature, KGC shop,
Highstreet, Expatmart.Co.Kr, Fatbag.Co.Kr, Ezshopkorea.Com
Related Reports:
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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