Bags and Luggage in South Korea

Bags and Luggage in South Korea

Demand for luxury bags and luggage continued in 2020, with COVID-19 failing to reduce consumers’ desire to own designer bags. Luxury handbags are planned purchases not impulse buys, so many consumers visited department stores to make purchases. Many consumers who were forced to cancel overseas trips as a result of COVID-19 instead purchased luxury handbags with the money they would have spent travelling.

Euromonitor International's Bags and Luggagein South Korea report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2015-2019), 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 – be they new product developments, distribution or pricing issues. Forecasts to 2024 illustrate how the market is set to change.

Product coverage: Bags, Luggage.

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

Why buy this report?
* Get a detailed picture of the Bags and Luggage 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.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.


Bags and Luggage in South Korea
Euromonitor International
August 2020
List OF CONTENTS AND TABLES
KEY DATA FINDINGS
2020 IMPACT
COVID-19 fails to dampen consumer interest in bargains as department stores continue to operate in non-lockdown South Korea
Luggage hit as travel industry slumps, demand for backpacks suffers as back-to-school season delayed
Louis Vuitton sees share eroded as followers make gains
RECOVERY AND OPPORTUNITIES
Resumption of weddings, school and business activities set to boost performance
Young adults demonstrate growing interest in bags and luggage
E-commerce gains share, department stores continue to shrink
CATEGORY DATA
Table 1 Sales of Bags and Luggage by Category: Volume 2015-2020
Table 2 Sales of Bags and Luggage by Category: Value 2015-2020
Table 3 Sales of Bags and Luggage by Category: % Volume Growth 2015-2020
Table 4 Sales of Bags and Luggage by Category: % Value Growth 2015-2020
Table 5 Sales of Luggage by Type: % Value 2015-2020
Table 6 NBO Company Shares of Bags and Luggage: % Value 2015-2019
Table 7 LBN Brand Shares of Bags and Luggage: % Value 2016-2019
Table 8 Distribution of Bags and Luggage by Format: % Value 2015-2020
Table 9 Forecast Sales of Bags and Luggage by Category: Volume 2020-2025
Table 10 Forecast Sales of Bags and Luggage by Category: Value 2020-2025
Table 11 Forecast Sales of Bags and Luggage by Category: % Volume Growth 2020-2025
Table 12 Forecast Sales of Bags and Luggage by Category: % Value Growth 2020-2025
EXECUTIVE SUMMARY
COVID-19 impact on personal accessories
COVID-19 country impact
Company response
Retailing shift
What next for personal accessories?
MARKET DATA
Table 13 Sales of Personal Accessories by Category: Volume 2015-2020
Table 14 Sales of Personal Accessories by Category: Value 2015-2020
Table 15 Sales of Personal Accessories by Category: % Volume Growth 2015-2020
Table 16 Sales of Personal Accessories by Category: % Value Growth 2015-2020
Table 17 NBO Company Shares of Personal Accessories: % Value 2015-2019
Table 18 LBN Brand Shares of Personal Accessories: % Value 2016-2019
Table 19 Distribution of Personal Accessories by Format: % Value 2015-2020
Table 20 Forecast Sales of Personal Accessories by Category: Volume 2020-2025
Table 21 Forecast Sales of Personal Accessories by Category: Value 2020-2025
Table 22 Forecast Sales of Personal Accessories by Category: % Volume Growth 2020-2025
Table 23 Forecast Sales of Personal Accessories by Category: % Value Growth 2020-2025
DISCLAIMER
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
DEFINITIONS
SOURCES
Summary 1 Research Sources

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook