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Luxury Goods in South Korea

Luxury Goods in South Korea

Luxury goods recorded stable retail value growth in 2017, whilst evolving as a market. Consumers no longer focus heavily on the brand label itself, more on the merits of owning the product. The design aspect has also become more important when selecting a product and the preference for ultimate luxury and niche brands has increased. Gucci achieved healthy growth due to its strong designs and the desire to own an ultimate luxury brand. The popularity of Chanel and Hermès continued, while Louis Vu...

Euromonitor International's Luxury Goods in South Korea report offers a comprehensive guide to the size and shape of the Luxury 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 Goods retailing along with the development of consumers’ shopping patterns. Forecasts to 2022 illustrate how the market is set to change

Product coverage: Designer Apparel and Footwear (Ready-to-Wear), Fine Wines/Champagne and Spirits, Luxury Cars, Luxury Eyewear, Luxury Hotels (5-star plus), 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 Luxury 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.
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.


LUXURY GOODS IN SOUTH KOREA
Euromonitor International
February 2018
LIST OF CONTENTS AND TABLES
Executive Summary
Luxury Goods Records Growth, Attracting Further Interest From Manufacturers
Expanding Consumer Base Drives Growth of Luxury Goods
Luxury Car Manufacturers Dominate Luxury Goods
Mixed Retailers Remains the Main Retailing Channel in Luxury Goods, While Internet Retailing Is Developing
Potential for Growth of Luxury Goods in the Forecast Period
Market Indicators
Table 1 Number of High Net Worth Individuals (HNWI): 2012-2017
Market Data
Table 2 Sales of Luxury Goods by Category: Value 2012-2017
Table 3 Sales of Luxury Goods by Category: % Value Growth 2012-2017
Table 4 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2017
Table 5 NBO Company Shares of Luxury Goods: % Value 2012-2016
Table 6 LBN Brand Shares of Luxury Goods: % Value 2013-2016
Table 7 Distribution of Luxury Goods by Format and Category: % Value 2017
Table 8 Forecast Sales of Luxury Goods by Category: Value 2017-2022
Table 9 Forecast Sales of Luxury Goods by Category: % Value Growth 2017-2022
Sources
Summary 1 Research Sources
Headlines
Prospects
Designer Apparel and Footwear (ready-to-wear) To Record Healthy Growth, Supported by Domestic Consumers
Athleisure To Develop
Manufacturers Support Growth by Offering Vip Services To Customer
Competitive Landscape
Entry Level Luxury Brands Or Specific Products Within Ultimate Luxury Brands Are Popular
Luxury Leather Goods Brands Enter the Category
Brands Enjoy Fluctuating Popularity Each Year and Season, Depending on New Designs and Fashions
Category Data
Table 10 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2012-2017
Table 11 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2012-2017
Table 12 NBO Company Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2012-2016
Table 13 LBN Brand Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2013-2016
Table 14 Distribution of Designer Apparel and Footwear (Ready-to-Wear) by Format: % Value 2012-2017
Table 15 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2017-2022
Table 16 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2017-2022
Headlines
Prospects
Fine Wines/champagne Less Popular Among Mass Consumers
Retailers Key To Future Growth Potential
Corporate Importers and Retailers Characterise the Category
Competitive Landscape
Fine Wines/champagne and Spirits Is Highly Fragmented
Younger Vintages Most Popular
Brands Continue To Focus on the Duty-free Channel
Category Data
Table 17 Sales of Fine Wines/Champagne and Spirits by Category: Value 2012-2017
Table 18 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2012-2017
Table 19 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2012-2016
Table 20 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2013-2016
Table 21 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2012-2017
Table 22 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2017-2022
Table 23 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2017-2022
Headlines
Prospects
Electric Cars Remain Underdeveloped But See Noticeable Progress
Government Plans To Increase Charging Stations
Consumers Consider Many Factors When Choosing Luxury Cars
Competitive Landscape
International Manufacturers Retain Their High Pricing and Limited Retailing Strategy
Consumers Stick With Popular Models
Growth Driven by Young Consumers
Category Data
Table 24 Sales of Luxury Cars: Value 2012-2017
Table 25 Sales of Luxury Cars: % Value Growth 2012-2017
Table 26 NBO Company Shares of Luxury Cars: % Value 2012-2016
Table 27 LBN Brand Shares of Luxury Cars: % Value 2013-2016
Table 28 Forecast Sales of Luxury Cars: Value 2017-2022
Table 29 Forecast Sales of Luxury Cars: % Value Growth 2017-2022
Headlines
Prospects
Bold Designs Popular
High Dependence on Duty Free Channel A Threat
Consumers Set Their Eyes on Domestic Brands Offering Affordable Luxury
Competitive Landscape
the Dominance of Leading Manufacturers Weakens
Brands Compete To Develop Luxury Eyewear
Category Data
Table 30 Sales of Luxury Eyewear by Category: Value 2012-2017
Table 31 Sales of Luxury Eyewear by Category: % Value Growth 2012-2017
Table 32 NBO Company Shares of Luxury Eyewear: % Value 2012-2016
Table 33 LBN Brand Shares of Luxury Eyewear: % Value 2013-2016
Table 34 Distribution of Luxury Eyewear by Format: % Value 2012-2017
Table 35 Forecast Sales of Luxury Eyewear by Category: Value 2017-2022
Table 36 Forecast Sales of Luxury Eyewear by Category: % Value Growth 2017-2022
Headlines
Prospects
Luxury Hotels Try To Differentiate From Non-luxury 5-star Hotels
Luxury Hotels (5-star Plus) Largely Limited To Seoul
Reliance on Tourists Has A Negative Impact, Forcing Luxury Hotels To Concentrate More on Domestic Customers
Competitive Landscape
Mega Brands Enter the Domestic Market
"
"ho-cances Kick-in To Support Luxury Hotels
Category Data
Table 37 Sales in Luxury Hotels (5-star plus): Value 2012-2017
Table 38 Sales in Luxury Hotels (5-star plus): % Value Growth 2012-2017
Table 39 Sales in Luxury Hotels (5-star plus) by Country of Origin: % Value 2013-2017
Table 40 NBO Company Shares of Luxury Hotels (5-star plus): % Value 2012-2016
Table 41 LBN Brand Shares of Luxury Hotels (5-star plus): % Value 2013-2016
Table 42 Forecast Sales in Luxury Hotels (5-star plus): Value 2017-2022
Table 43 Forecast Sales in Luxury Hotels (5-star plus): % Value Growth 2017-2022
Headlines
Prospects
Consumer Behaviour Works in Favour of Non-luxury Jewellery Brands
Strong Branding Required
Retailing Remains Highly Concentrated Among Mixed Retailers, While Internet Retailing Slowly Develops
Competitive Landscape
Competitive Landscape Is Becoming Complicated in Luxury Jewellery
Consumer Base Widens, Creating Room for Potential Growth in the Forecast Period
Category Data
Table 44 Sales of Luxury Jewellery by Category: Value 2012-2017
Table 45 Sales of Luxury Jewellery by Category: % Value Growth 2012-2017
Table 46 NBO Company Shares of Luxury Jewellery: % Value 2012-2016
Table 47 LBN Brand Shares of Luxury Jewellery: % Value 2013-2016
Table 48 Distribution of Luxury Jewellery by Format: % Value 2012-2017
Table 49 Forecast Sales of Luxury Jewellery by Category: Value 2017-2022
Table 50 Forecast Sales of Luxury Jewellery by Category: % Value Growth 2017-2022
Headlines
Prospects
Pricing An Important Factor in Maintaining Brand Position
the Desire To Own Luxury Leather Goods Is Strong in South Korea
Strong Grey Market
Competitive Landscape
Luxury Leather Goods Dominated by International Brands
Chanel Increases Prices Again
Counterfeits Remain A Threat To Most Luxury Brands
Category Data
Table 51 Sales of Luxury Leather Goods: Value 2012-2017
Table 52 Sales of Luxury Leather Goods: % Value Growth 2012-2017
Table 53 NBO Company Shares of Luxury Leather Goods: % Value 2012-2016
Table 54 LBN Brand Shares of Luxury Leather Goods: % Value 2013-2016
Table 55 Distribution of Luxury Leather Goods by Format: % Value 2012-2017
Table 56 Forecast Sales of Luxury Leather Goods: Value 2017-2022
Table 57 Forecast Sales of Luxury Leather Goods: % Value Growth 2017-2022
Prospects
Headlines
Prospects
Consumer-driven Trends Noticeable in Luxury Timepieces
Female Consumers Start To Show An Interest
Luxury Timepieces Continue To Be Purchased by Inbound Tourists
Competitive Landscape
Timepiece Specialist Brands Perform Well
Brands Aiming for Luxury-casual Thrive
Category Data
Table 58 Sales of Luxury Timepieces by Category: Value 2012-2017
Table 59 Sales of Luxury Timepieces by Category: % Value Growth 2012-2017
Table 60 NBO Company Shares of Luxury Timepieces: % Value 2012-2016
Table 61 LBN Brand Shares of Luxury Timepieces: % Value 2013-2016
Table 62 Distribution of Luxury Timepieces by Format: % Value 2012-2017
Table 63 Forecast Sales of Luxury Timepieces by Category: Value 2017-2022
Table 64 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2017-2022
Headlines
Prospects
Luxury Writing Instruments Face Limited But Stable Growth
Small Consumer Base Leads To Limited Promotion by Manufacturers
Competitive Landscape
International Brands Continue To Dominate Luxury Writing Instruments and Stationery
Category Data
Table 65 Sales of Luxury Writing Instruments and Stationery: Value 2012-2017
Table 66 Sales of Luxury Writing Instruments and Stationery: % Value Growth 2012-2017
Table 67 NBO Company Shares of Luxury Writing Instruments and Stationery: % Value 2012-2016
Table 68 LBN Brand Shares of Luxury Writing Instruments and Stationery: % Value 2013-2016
Table 69 Distribution of Luxury Writing Instruments and Stationery by Format: % Value 2012-2017
Table 70 Forecast Sales of Luxury Writing Instruments and Stationery: Value 2017-2022
Table 71 Forecast Sales of Luxury Writing Instruments and Stationery: % Value Growth 2017-2022
Headlines
Prospects
Duty-free A Leading Channel in Super Premium Beauty and Personal Care
Due To the K-beauty Boom, Super Premium Beauty and Personal Care To Record Limited Growth
Celebrity Marketing Needs To Ensure the Ambassadors Actually Use the Product
Competitive Landscape
Domestic Non-super Premium Brands Set the Mainstream Trend
Distribution A Key Part of the Strategy
Category Data
Table 72 Sales of Super Premium Beauty and Personal Care by Category: Value 2012-2017
Table 73 Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2012-2017
Table 74 NBO Company Shares of Super Premium Beauty and Personal Care: % Value 2012-2016
Table 75 LBN Brand Shares of Super Premium Beauty and Personal Care: % Value 2013-2016
Table 76 Distribution of Super Premium Beauty and Personal Care by Format: % Value 2012-2017
Table 77 Forecast Sales of Super Premium Beauty and Personal Care by Category: Value 2017-2022
Table 78 Forecast Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2017-2022

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