Bags and Luggage in South Korea

  • Report Id: EI-2655745
  • Category: Company Reports
  • Published Date: Jul 2021
  • Pages: 22
Final Report will add the analysis of the impact of COVID-19 on this industry Lifestyle changes driven by the onset of the COVID-19 pandemic accelerated polarisation in consumer spending with this trend being particularly apparent in bags and luggage given the discretionary nature of these products. During 2021, consumers were showing a tendency to either select luxury brands or be extremely frugal by not buying any bags or luggage at all, which negatively affected the performance of brands with a mid-range positioning.

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 (2016-2020), 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 2025 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
July 2021

List Of Contents And Tables

BAGS AND LUGGAGE IN SOUTH KOREA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Polarisation in consumer spending particularly apparent in categories with a discretionary nature
Share growth for the top three players as consumers demand timeless rather than trendy items, domestic travel rises and schools return from late February 2021
Growing demand for unique designs in bags and luggage in mass brands as consumers try to cheer themselves up after months of lockdown and COVID-19 restrictions
PROSPECTS AND OPPORTUNITIES
Wide distribution of vaccines sees the return of foreign travel in 2022 with consumers saving for big-ticket holidays abroad and associated luggage
Shift to e-commerce proves sticky as consumers embrace its convenience, fast delivery and exclusive promotions
Leading apparel manufacturers diversify by entering bags and luggage in order to offset steep sales declines in apparel categories
CATEGORY DATA
Table 1 Sales of Bags and Luggage by Category: Volume 2016-2021
Table 2 Sales of Bags and Luggage by Category: Value 2016-2021
Table 3 Sales of Bags and Luggage by Category: % Volume Growth 2016-2021
Table 4 Sales of Bags and Luggage by Category: % Value Growth 2016-2021
Table 5 Sales of Luggage by Type: % Value 2016-2021
Table 6 NBO Company Shares of Bags and Luggage: % Value 2016-2020
Table 7 LBN Brand Shares of Bags and Luggage: % Value 2017-2020
Table 8 Distribution of Bags and Luggage by Format: % Value 2016-2021
Table 9 Forecast Sales of Bags and Luggage by Category: Volume 2021-2026
Table 10 Forecast Sales of Bags and Luggage by Category: Value 2021-2026
Table 11 Forecast Sales of Bags and Luggage by Category: % Volume Growth 2021-2026
Table 12 Forecast Sales of Bags and Luggage by Category: % Value Growth 2021-2026
PERSONAL ACCESSORIES IN SOUTH KOREA
EXECUTIVE SUMMARY
Personal accessories in 2021: The big picture
Key trends in 2021
Competitive landscape
Retailing developments
What next for personal accessories?
MARKET DATA
Table 13 Sales of Personal Accessories by Category: Volume 2016-2021
Table 14 Sales of Personal Accessories by Category: Value 2016-2021
Table 15 Sales of Personal Accessories by Category: % Volume Growth 2016-2021
Table 16 Sales of Personal Accessories by Category: % Value Growth 2016-2021
Table 17 NBO Company Shares of Personal Accessories: % Value 2016-2020
Table 18 LBN Brand Shares of Personal Accessories: % Value 2017-2020
Table 19 Distribution of Personal Accessories by Format: % Value 2016-2021
Table 20 Forecast Sales of Personal Accessories by Category: Volume 2021-2026
Table 21 Forecast Sales of Personal Accessories by Category: Value 2021-2026
Table 22 Forecast Sales of Personal Accessories by Category: % Volume Growth 2021-2026
Table 23 Forecast Sales of Personal Accessories by Category: % Value Growth 2021-2026
DISCLAIMER
SOURCES
Summary 1 Research Sources