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The handbags market in South Korea is forecasted to grow by USD 260.72 mn during 2023-2028, accelerating at a CAGR of 3.63% 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 of handbags, and design and material innovation leading to product premiumization.
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
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 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 an analysis of the key vendors.
The publisher 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 research - both primary and secondary. 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 the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Market Segmentation by Material
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the handbags market in South Korea: alexander wang, Burberry Group Plc, Capri Holdings Ltd., Chanel Ltd., Guess Inc., Hermes International SA, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, METROCITY, 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
- Burberry Group Plc
- Capri Holdings Ltd.
- Chanel Ltd.
- Guess Inc.
- Hermes International SA
- Kering SA
- LVMH Moet Hennessy Louis Vuitton SE
- METROCITY
- Prada Spa
- PVH Corp.
- Sungjoo Group
- Tapestry Inc.
- Tory Burch LLC
