+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Luxury Leather Goods in South Korea

  • PDF Icon

    Report

  • 21 Pages
  • January 2021
  • Region: South Korea
  • Euromonitor International
  • ID: 2509865
Unlike many other luxury goods, demand for luxury bags and luggage continued in 2020. Although the category’s performance was considerably weaker than in 2019, it nonetheless remained positive. Consumers’ desire to own designer bags did not wane as a result of COVID-19. Indeed, consumers with extra spending power, having been forced to cancel or postpone travel plans, redirected cash elsewhere, including luxury leather goods.

The Luxury Leather Goods in South Korea report offers a comprehensive guide to the size and shape of the Luxury Leather Goods 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 Leather Goods retailing along with the development of consumers’ shopping patterns. Forecasts to 2025 illustrate how the market is set to change

Product coverage: Luxury Bags and Small Leather Goods, Luxury Travel Goods.

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 Leather Goods 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.

Table of Contents

KEY DATA FINDINGS
2020 IMPACT
  • Category maintains positive performance despite COVID-19
  • Department stores remains most popular channel
  • Top global brands see value share gains

RECOVERY AND OPPORTUNITIES
  • Department stores set to remain leading channel for luxury leather goods
  • Travel restrictions to continue influencing category’s performance
  • Online promotional activities to become increasingly important

CATEGORY DATA
  • Table 1 Sales of Luxury Leather Goods: Value 2015-2020
  • Table 2 Sales of Luxury Leather Goods: % Value Growth 2015-2020
  • Table 3 NBO Company Shares of Luxury Leather Goods: % Value 2015-2019
  • Table 4 LBN Brand Shares of Luxury Leather Goods: % Value 2016-2019
  • Table 5 Distribution of Luxury Leather Goods by Format: % Value 2015-2020
  • Table 6 Forecast Sales of Luxury Leather Goods: Value 2020-2025
  • Table 7 Forecast Sales of Luxury Leather Goods: % Value Growth 2020-2025

EXECUTIVE SUMMARY
  • COVID-19 impact on luxury goods
  • COVID-19 country impact
  • Company response
  • Retailing shift
  • What next for luxury goods?

MARKET INDICATORS
  • Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA
  • Table 9 Sales of Luxury Goods by Category: Value 2015-2020
  • Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
  • Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
  • Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
  • Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
  • Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
  • Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
  • Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

DISCLAIMERGLOBAL MACROECONOMIC ENVIRONMENTGLOBAL INDUSTRY ENVIRONMENT
SOURCES
  • Summary 1 Research Sources