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The handbags market in South Korea is forecasted to grow by USD 271.1 million during 2024-2029, accelerating at a CAGR of 3.4% during the forecast period. The report on the handbags market in South Korea provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing consumer spending on fashion and personal goods, growing influence of celebrity endorsements on purchasing decisions, and design and material innovation leading to product premiumization.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The handbags market in South Korea is segmented as below:
By Product
- Totes
- Clutches and wallets
- Shoulder bags
- Satchels and saddles
By Distribution Channel
- Offline
- Online
By Material
- Leather
- Fabric
By End-user
- Women
- Men
By Geographical Landscape
- APAC
The report on the handbags market in South Korea covers the following areas:
- Handbags Market in South Korea sizing
- Handbags Market in South Korea forecast
- Handbags Market in South Korea industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by Distribution Channel
10 Market Segmentation by Material
11 Market Segmentation by End-user
12 Customer Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the handbags market in south korea: Alexander Wang LLC, Burberry Group Plc, Capri Holdings Ltd., Chanel Ltd., Guess Inc., Hermes International SA, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, MT Collection Co. Ltd, Prada Spa, PVH Corp., Sungjoo Group, Tapestry Inc., and Tory Burch LLC.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing trend of personalization and customization of handbags."
According to the report, one of the major drivers for this market is the increasing consumer spending on fashion and personal goods.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alexander Wang LLC
- Burberry Group Plc
- Capri Holdings Ltd.
- Chanel Ltd.
- Guess Inc.
- Hermes International SA
- Kering SA
- LVMH Moet Hennessy Louis Vuitton SE
- MT Collection Co. Ltd
- Prada Spa
- PVH Corp.
- Sungjoo Group
- Tapestry Inc.
- Tory Burch LLC
