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Personal Luxury in South Korea

  • ID: 4968479
  • Report
  • January 2020
  • Region: South Korea
  • 18 pages
  • Euromonitor International
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Personal luxury continued to offer potential and moderate growth in 2019, with luxury portable consumer electronics posting the most rapid growth. Personal luxury products are becoming experiential, must-have items for a growing number of younger consumers. Social media continued to encourage this trend in 2019, as some consumers sought to own the same personal luxury items as their peers, celebrities and influencers.

The Personal Luxury in South Korea report offers a comprehensive guide to the size and shape of the Personal Luxury 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 Personal Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2024 illustrate how the market is set to change.

Product coverage: Designer Apparel and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Leather Goods, Luxury Portable Consumer Electronics, Luxury Timepieces, Luxury Writing Instruments and Stationery, Super Premium Beauty and Personal Care.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
  • Get a detailed picture of the Personal Luxury 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.
Note: Product cover images may vary from those shown
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List of Contents and Tables
  • Headlines
  • Prospects
  • As the Landscape Matures, Diversity Increases in Personal Luxury and Unique Offerings Gain Ground
  • External Auditing Obligations Are Expected To Impact Personal Luxury Manufacturers
  • Duty-free Impacts Value Sales of Personal Luxury, and Consumers Often Wait To Buy Items During Seasonal Sales
  • Competitive Landscape
  • Gucci Continues To Perform Well, As Traditional Luxury Players Rejuvenate Their Offerings With New Lines
  • Limited Availability Means That Some Luxury Players, With More Affordable Price Points, Are Unable To Gain Significant Value Sale
  • Domestic Players Are Growing in Personal Luxury in South Korea, Mainly Focused in Super Premium Beauty and Personal Care
  • Category Data
  • Table 1 Sales of Personal Luxury by Category: Value 2014-2019
  • Table 2 Sales of Personal Luxury by Category: % Value Growth 2014-2019
  • Table 3 NBO Company Shares of Personal Luxury: % Value 2014-2018
  • Table 4 LBN Brand Shares of Personal Luxury: % Value 2015-2018
  • Table 5 Distribution of Personal Luxury by Format: % Value 2014-2019
  • Table 6 Forecast Sales of Personal Luxury by Category: Value 2019-2024
  • Table 7 Forecast Sales of Personal Luxury by Category: % Value Growth 2019-2024
  • Executive Summary
  • Growth in Luxury Goods Is Driven by An Increasing Consumer Base and Rise in Local Luxury Offerings, However Duty-free and Imitations Goods Remain A Threat in 2019
  • the Decrease in Chinese Tourists Sees Players Developing Offerings for Local Consumers, As Retailers Create Special Vip Areas
  • Luxury Cars Led the Landscape in 2019, As Daimler AG Retained Its First-place Position With Mercedes-benz, and Bmw Lost Value Share
  • Premium Outlets Pose A Threat To Department Stores, As They Offer High-level Discounts on Several Luxury Players
  • Growth Over the Forecast Period Will Be Driven by Tourism, Affordable Luxury and A Diverse Range of New Players
  • Market Indicators
  • Table 8 Number of High Net Worth Individuals (HNWI): 2014-2019
  • Market Data
  • Table 9 Sales of Luxury Goods by Category: Value 2014-2019
  • Table 10 Sales of Luxury Goods by Category: % Value Growth 2014-2019
  • Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2014-2019
  • Table 12 NBO Company Shares of Luxury Goods: % Value 2014-2018
  • Table 13 LBN Brand Shares of Luxury Goods: % Value 2015-2018
  • Table 14 Distribution of Luxury Goods by Format and Category: % Value 2019
  • Table 15 Forecast Sales of Luxury Goods by Category: Value 2019-2024
  • Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2019-2024
  • Sources
  • Summary 1 Research Sources
Note: Product cover images may vary from those shown
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