LUXURY LEATHER GOODS IN SOUTH KOREA

Euromonitor International

February 2019

LIST OF CONTENTS AND TABLES

Headlines

Prospects

Design-aspect Trend Flows in Two Directions

Distribution Channel Shows Complicated Structure in 2018

Competitive Landscape

Demand for Some Popular Brands Exceeds Supply

Young Generation A Key Consumer Base

Celebrity Marketing Works Its Way Into Luxury Leather Goods

Category Data

Table 1 Sales of Luxury Leather Goods: Value 2013-2018

Table 2 Sales of Luxury Leather Goods: % Value Growth 2013-2018

Table 3 NBO Company Shares of Luxury Leather Goods: % Value 2013-2017

Table 4 LBN Brand Shares of Luxury Leather Goods: % Value 2014-2017

Table 5 Distribution of Luxury Leather Goods by Format: % Value 2013-2018

Table 6 Forecast Sales of Luxury Leather Goods: Value 2018-2023

Table 7 Forecast Sales of Luxury Leather Goods: % Value Growth 2018-2023

Executive Summary

Strong and Steady Domestic Demand Supports Luxury Goods in 2018

Luxury Goods Appeal To Many Consumers

Daimler AG Leads Luxury Goods in 2017

Retailing Disruptors Work As A Blind Spot for Luxury Goods

Retail Value Growth and Government Support Expected

Market Indicators

Table 8 Number of High Net Worth Individuals (HNWI): 2013-2018

Market Data

Table 9 Sales of Luxury Goods by Category: Value 2013-2018

Table 10 Sales of Luxury Goods by Category: % Value Growth 2013-2018

Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018

Table 12 NBO Company Shares of Luxury Goods: % Value 2013-2017

Table 13 LBN Brand Shares of Luxury Goods: % Value 2014-2017

Table 14 Distribution of Luxury Goods by Format and Category: % Value 2018

Table 15 Forecast Sales of Luxury Goods by Category: Value 2018-2023

Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

Sources

Summary 1 Research Sources

Luxury goods is a supplier-driven category. It means that whichever products manufacturers provide, it eventually leads to actual demand and sales. Consumers do not have significant preferences regarding design, fabric/leather or pattern – they simply choose the brand. However, South Korean consumers started to show personal taste in luxury leather goods, especially in handbags. Handbags became either very small or big. For instance, small wallet-sized handbags with long chains attached to allow...

Euromonitor International's Luxury Leather Goods in South Korea report offers a comprehensive guide to the size and shape of the Luxury Leather 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 Leather Goods retailing along with the development of consumers’ shopping patterns. Forecasts to 2023 illustrate how the market is set to change

Product coverage: Luxury Bags and Small Leather Goods, Luxury Travel Goods.

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 Leather 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.