"Bags and Luggage in South Korea" Published

From: Fast Market Research, Inc.
Published: Sun Nov 15 2015

Bags and luggage showed strong growth by 8% in value terms to reach Won5.9 trillion and by 2% in volume terms. Although the growth rate became slower than in previous years in the review period, it still grew strongly in South Korea as there are more potential consumer groups such as men and children.

Competitive Landscape

Louis Vuitton Korea Ltd led bags and luggage with a value share of 11% in 2014, followed by Prada SpA with 9% share. Louis Vuitton’s long presence in bags and luggage and various kinds of products help it lead the market. However, as the product and logo became too common in South Korea and many consumers sought more unique designs or new products from unknown brands, the company lost share in 2014.

Full Report Details at
- http://www.fastmr.com/prod/1072878_bags_luggage_south_korea.aspx?afid=302

Industry Prospects

Bags and luggage is expected to show strong growth with a value CAGR of 6% at constant 2015 prices during the forecast period. As the potential consumer groups have expanded to include male consumers and there is increasing demand for unique designs and new designer bags, bags and luggage will show constant growth during the forecast period, although the growth rate will be slower than in the review period.

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Contact Name: Bill Thompson
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