Product Code: ETC006043 | Publication Date: Jun 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
South Korea Home Decor market currently, in 2023, has witnessed an HHI of 6149, Which has increased moderately as compared to the HHI of 3454 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
South Korea's home decor market is highly competitive, with many local companies offering a wide range of products. The country has seen a strong rise in consumer interest in interior design and decoration, leading to increased demand for quality home d?cor products. In recent years, there has been an influx of foreign brands entering the market as well
The Korean government has recognized the potential of the industry and has been actively supporting its growth through various initiatives such as tax exemptions and grants for both manufacturers and retailers. This support helps create more attractive business opportunities for domestic brands while also encouraging foreign firms to enter the market
In terms of trends, minimalism is a popular choice among Koreans when it comes to furnishings and decorations, with lighter colors being favored over darker shades. There is also an increasing focus on eco-friendly options such as recycled materials or goods made from renewable resources like bamboo or corkwood integrated into designs. The popularity of modern technology-driven solutions such as smart lighting systems or automated curtains are growing steadily as well
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea Home Decor Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Home Decor Market Revenues & Volume, 2019 & 2026F |
3.3 South Korea Home Decor Market - Industry Life Cycle |
3.4 South Korea Home Decor Market - Porter's Five Forces |
3.5 South Korea Home Decor Market Revenues & Volume Share, By Product Type, 2019 & 2026F |
3.6 South Korea Home Decor Market Revenues & Volume Share, By Application Types, 2019 & 2026F |
3.7 South Korea Home Decor Market Revenues & Volume Share, By Distribution Channels, 2019 & 2026F |
4 South Korea Home Decor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing urbanization and modernization trends in South Korea leading to increased demand for home decor products. |
4.2.2 Rising disposable income levels among the South Korean population, allowing for higher spending on home decoration. |
4.2.3 Influence of social media and digital platforms promoting interior design and home decor trends in South Korea. |
4.3 Market Restraints |
4.3.1 High competition among domestic and international home decor brands in the South Korean market. |
4.3.2 Fluctuations in raw material prices impacting production costs and potentially retail prices for home decor products. |
4.3.3 Regulatory challenges and compliance requirements for importing certain home decor items into South Korea. |
5 South Korea Home Decor Market Trends |
6 South Korea Home Decor Market, By Types |
6.1 South Korea Home Decor Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 South Korea Home Decor Market Revenues & Volume, By Product Type, 2016 - 2026F |
6.1.3 South Korea Home Decor Market Revenues & Volume, By Furniture, 2016 - 2026F |
6.1.4 South Korea Home Decor Market Revenues & Volume, By Textile, 2016 - 2026F |
6.1.5 South Korea Home Decor Market Revenues & Volume, By Flooring, 2016 - 2026F |
6.1.6 South Korea Home Decor Market Revenues & Volume, By Others, 2016 - 2026F |
6.2 South Korea Home Decor Market, By Application Types |
6.2.1 Overview and Analysis |
6.2.2 South Korea Home Decor Market Revenues & Volume, By Indoor, 2016 - 2026F |
6.2.3 South Korea Home Decor Market Revenues & Volume, By Outdoor, 2016 - 2026F |
6.3 South Korea Home Decor Market, By Distribution Channels |
6.3.1 Overview and Analysis |
6.3.2 South Korea Home Decor Market Revenues & Volume, By Supermarkets and Hypermarkets, 2016 - 2026F |
6.3.3 South Korea Home Decor Market Revenues & Volume, By Home D cor Stores, 2016 - 2026F |
6.3.4 South Korea Home Decor Market Revenues & Volume, By Gift Shops, 2016 - 2026F |
6.3.5 South Korea Home Decor Market Revenues & Volume, By Online Stores, 2016 - 2026F |
6.3.6 South Korea Home Decor Market Revenues & Volume, By Others, 2016 - 2026F |
7 South Korea Home Decor Market Import-Export Trade Statistics |
7.1 South Korea Home Decor Market Export to Major Countries |
7.2 South Korea Home Decor Market Imports from Major Countries |
8 South Korea Home Decor Market Key Performance Indicators |
8.1 Online engagement metrics such as website traffic, social media followers, and engagement rates reflecting the popularity of home decor brands and trends. |
8.2 Customer satisfaction scores and reviews indicating the quality and appeal of home decor products in the South Korean market. |
8.3 Number of interior design events, workshops, and exhibitions attended by consumers showcasing interest and involvement in home decor trends and innovations. |
9 South Korea Home Decor Market - Opportunity Assessment |
9.1 South Korea Home Decor Market Opportunity Assessment, By Product Type, 2019 & 2026F |
9.2 South Korea Home Decor Market Opportunity Assessment, By Application Types, 2019 & 2026F |
9.3 South Korea Home Decor Market Opportunity Assessment, By Distribution Channels, 2019 & 2026F |
10 South Korea Home Decor Market - Competitive Landscape |
10.1 South Korea Home Decor Market Revenue Share, By Companies, 2019 |
10.2 South Korea Home Decor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |