Bags and luggage in South Korea is expected to see low retail volume growth and dynamic retail current value growth in the forecast period. Luxury handbags is expected to record the highest growth during the forecast period.
The second-hand market is likely to be watched closely over the forecast period. With the economy remaining weak and exchange rates surging, bags and luggage, dominated by luxury goods, is no longer likely to be as dynamic as it once was.
Retro fashion in South Korea seems to be taking a slightly different direction compared with global trends. While retro brands such as Coach are regaining popularity in other countries, the brand’s sales in Korea, which had sharply declined in the past, have only seen a slight improvement.
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Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Bags and Luggage industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Bags and Luggage
Bags and Luggage includes bags and cases which serve common everyday purposes or specific functions during travel, sports, or formal occasions. However, all sports equipment bags (e.g. golf, tennis, and bowling), insulated food and beverage bags, and musical instrument cases are excluded.
See all of our definitionsThis report originates from Passport, our Bags and Luggage research and analysis database.
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