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Handbags Market in South Korea 2015-2019

Handbags Market in South Korea 2015-2019

About handbags market in South Korea

Handbags, including satchels, totes, and wallets, are among the most desirable and popular fashion accessories for men and women and have become status symbols. Consequently, the demand for luxury and premium handbags is growing. Various handbag companies are adopting innovative strategies to adapt to changing consumer demographics and preferences, such as the rising demand for eco-friendly handbags. Also, the launch of designer bags exclusively for men is gaining attention in the market. Economic development in South Korea has led to increased disposable incomes as well as purchasing power of consumers, which has influenced the demand for expensive and premium handbag brands.

Technavio's analysts forecast the handbags market in South Korea to grow at a steady CAGR of 3.42% by revenue and 2.95% by volume during 2014-2019.

Covered in this report

The handbags market in South Korea can be segmented into four segments: shoulder bags, wallets, totes, and satchel and saddle bags. The totes segment was the largest segment in terms of revenue accounting for 29.90% of the market share, whereas in terms of volume, the wallets segment dominated the market accounting for a share of 29.79%.

Technavio's report, Handbags Market in South Korea 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Burberry Group
  • Chanel
  • Christian Dior (Couture)
  • Coach
  • Gucci
  • Kate Spade
  • LVMH Moët Hennessy
Other prominent vendors
  • Anne Klein
  • BRIC’s
  • DIMA
  • ELJAY
  • Fossil
  • Giosis Group
  • Kangol
  • Kipling
  • Maiden Voyage Australia
  • Modmoa
  • Sisley
  • SSAMZIE
  • The BNG
  • Vogatha
  • Welovebag
  • Young
Market driver
  • High demand for foreign brands
  • For a full, detailed list, view our report
Market challenge
  • Increased competition from counterfeits
  • For a full, detailed list, view our report
Market trend
  • Product differentiation
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Handbags Market in South Korea 2015-2019

Technavio recognizes the following companies as the key players in the Handbags Market in South Korea: Burberry Group plc, Chanel SA, Christian Dior SA (Couture), Coach Inc., Gucci SpA, Kate Spade, LVMH Moët Hennessy and Michael Kors

Other Prominent Vendors in the market are: Alfred Dunhill, Anne Klein, Benetton Group S.r.l, Boconi, Bottega Veneta, BRIC’s, Buggatti, B & G Fashions International, Calvin Klein, C & J Clark International, Dolce & Gabbana, Donna Karan International (DKNY), El-Jay Company, Ferrari, Fossil, Giosis Group, Guess, Kangol, Kipling, L.A.M.B, Longchamp, Maiden Voyage, MANGO, Mandarina Duck, Modmoa, PUIG, Puma, Ralph Lauren, River Island, Renoma, Russell & Bromley, Smythson, SSAMZIE, TLG Brands, Vogatha, Vanessa Bruno, VF, Welovebag and YOUNGNB

Commenting on the report, an analyst from Technavio’s team said: “Product differentiation is a changing trend among consumers regarding luxury purchases in South Korea. The Korean culture is profoundly influenced by expensive western lifestyles and as a result, there has always been a strong tendency among consumers to lean toward western fashion trends. These fashion-conscious consumers used to buy well-known brands that displayed striking logos or labels to stand out from the crowd.”

According to the report, one of the main drivers of the handbags market in South Korea is the increase in economic development in the country, thereby increasing the disposable income as well as the purchasing power of consumers. This in turn is influencing the demand for expensive and premium handbag brands and per capita consumption by consumers.

Further, the report states that one of the major challenges hindering the growth of the handbags market in South Korea is the increase in competition from counterfeit or fake brands present in the market. The country is the main hub for many fake brands. These cheap imitated products are sold at low prices in the market and are of poor quality, which in turn, affects the image of the genuine brands.

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Handbags: Overview
    • Handbags Segment
      • Table Types of Handbags
  • Market Landscape
    • Market Overview
      • Table Handbags Market in South Korea: Overview
    • Market Size and Forecast by Revenue
      • Table Handbags Market in South Korea 2014-2019 ($ millions)
    • Market Size and Forecast by Volume
      • Table Handbags Market in South Korea 2014-2019 (millions of units)
    • Comparison in Growth Rates: Revenue versus Volume 2010-2019
      • Table Revenue and Volume Growth Rate Comparison 2010-2019
    • Five Forces Analysis
    • Pricing and Consumer Trading of Handbags in South Korea
      • Table AP of Handbags in South Korea 2009-2019 ($)
  • Per Capita Trends
    • PCC
      • Table PCC of Handbags in South Korea 2009-2019 (units)
    • PCE
      • Table PCE of Handbags in South Korea 2009-2019 ($)
    • Consolidated Data for Handbags Market in South Korea
      • Table Consolidated Data for Handbags Market in South Korea 2009-2019
  • Market Segmentation by Product Type
    • Segmentation of Handbags Market in South Korea by Product Type
      • Table Category Market Share by Revenue 2014 and 2019 (%)
      • Table Category Market Share by Volume 2014 and 2019 (%)
    • Totes Market in South Korea
      • Market Size and Forecast
        • Table Totes Market in South Korea by Revenue 2014-2019 ($ millions)
    • Shoulder Bags Market in South Korea
      • Market Size and Forecast
        • Table Shoulder Bags Market in South Korea by Revenue 2014-2019 ($ millions)
    • Wallets Market in South Korea
      • Market Size and Forecast
        • Table Wallets Market in South Korea by Revenue 2014-2019 ($ millions)
    • Satchels and Saddle Bags Market in South Korea
      • Market Size and Forecast
        • Table Satchels and Saddle Bags Market in South Korea by Revenue 2014-2019 ($ millions)
  • Market Segmentation by Material
    • Segmentation of Handbags Market in South Korea by Material
      • Table Segmentation of Handbags Market in South Korea 2014
  • Market Segmentation by Distribution
    • Segmentation of Handbags Market in South Korea by Distribution
      • Table Handbags Market in South Korea by Distribution Channel 2014 (%)
      • Table Online versus Offline Retailing of Handbags in South Korea 2014-2019
  • Buying Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
    • Vendor Analysis 2014
      • Table Top Eight Leading Luxury Companies in South Korea 2014
      • Burberry
        • Table Handbags Category Available at Burberry
      • Chanel
      • Christian Dior
        • Table Handbag Brands by Dior
      • Coach
        • Table Net Sales and Gross Profit of Coach 2010-2014 ($ thousands)
        • Table Net Sales of Women's Handbags 2011-2014
      • Gucci
      • Kate Spade
        • Table Net Sales and Gross Profit of Kate Spade 2009-2013 ($ thousands)
        • Table Types of Handbags Offered by Kate Spade and Co.
        • Table Number of Retail Stores and Average Size (square feet) in US 2013
        • Table Number of Retail Stores and their Average Size (square feet) in US until 2013
        • Table E-commerce Websites Details of Kate Spade
      • LVMH
        • Table Handbag Brands Owned by LVMH
        • Table Revenue Breakdown of Fashion and Leather Goods Segment of LVMH by Geography 2013
      • Michael Kors
        • Table Net Sales and Revenue by Segment and Geographical Location
        • Table Total Revenue of the Company 2010-2014
        • Table Retail Stores and their Comparable Sales Growth 2010-2014
        • Table Collection-wise Price-range of the Products
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Burberry
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2014
        • Table Burberry: Business Segmentation by Revenue 2014
      • Product Segmentation by Revenue 2014
        • Table Burberry: Product Segmentation by Revenue 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table Burberry: Business Segmentation by Revenue 2013 and 2014(US$ million)
      • Geographical Segmentation by Revenue 2014
        • Table Burberry: Geographical Segmentation by Revenue 2014
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Chanel
      • Key Facts
      • Business Overview
      • Key Offerings
      • Competitors
      • Recent Developments
      • Business Strategy
      • SWOT Analysis
    • Christian Dior
      • Key facts
      • Business overview
      • Business segmentation by revenue 2014
        • Table Christian Dior: business segmentation by revenue 2014
      • Business segmentation by revenue 2013 and 2014
        • Table Christian Dior: business segmentation by revenue 2013 and 2014 (US$ billion)
      • Geographical segmentation by revenue 2014
        • Table Christian Dior: geographical segmentation by revenue 2014
      • Business strategy
      • Recent developments (2013 to 2014)
      • SWOT analysis
    • Coach
      • Key Facts
      • Business Overview
      • Competition
      • Product Segmentation
        • Table Coach: Product Segmentation 2014
      • Product Segmentation by Revenue 2013 and 2014
        • Table Coach: Product Segmentation by Revenue 2013 and 2014 (US$ billion)
      • Geographical Segmentation by Revenue 2014
        • Table Coach: Geographical Segmentation by Revenue 2014
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Gucci
      • Key Facts
      • Business Overview
      • Product Segmentation by Revenue 2013
        • Table Gucci: Product Segmentation by Revenue 2013
      • Geographical Segmentation by Revenue 2013
        • Table Gucci: Geographical Segmentation by Revenue 2013
      • SWOT Analysis
    • Kate Spade
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Kate Spade: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Kate Spade: Business Segmentation by Revenue 2012 and 2013 (US$ million)
      • Geographical Segmentation by Revenue 2013
        • Table Kate Spade: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • LVMH Group
      • Key Facts
      • Business Overview
      • Business Segmentation
        • Table LVMH Group: Business segmentation 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table LVMH Group: Business segmentation by revenue 2013 and 2014 (US$ million)
      • Geographical Segmentation by Revenue 2014
        • Table LVMH Group: Geographical segmentation by revenue 2014
      • Recent Developments
      • SWOT Analysis
    • Michael Kors
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2014
        • Table Michael Kors: Business Segmentation by Revenue 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table Michael Kors: Business Segmentation by Revenue 2013 and 2014 (US$ million)
      • Geographical Segmentation by Revenue 2014
        • Table Michael Kors: Geographical Segmentation by Revenue 2014
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
  • Other Reports in this Series

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