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Country Report

Designer Apparel and Footwear (Ready-to-Wear) in

Designer Apparel and Footwear (Ready-To-Wear) in South Korea

19 pages, Feb 2018

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Designer apparel and footwear (ready-to-wear) to record healthy growth, supported by domestic consumers

Designer apparel and footwear (ready-to-wear) used to be less popular among domestic consumers. Unlike other luxury goods which can be used over a long period of time, apparel and footwear can wear out and be out of fashion after a few years.

Athleisure to develop

Designer apparel and footwear (ready-to-wear) is currently focused on more formal types of apparel such as dresses, suits, and jackets rather than athleisure products. As the category matures, sales are likely to slowly expand to luxury athleisure products, thus creating greater growth potential.

Manufacturers support growth by offering VIP services to customer

Many luxury brands consider consumers who purchase designer apparel and footwear (ready-to-wear) true VIPs. Unlike personal accessories products, designer apparel and footwear (ready-to-wear) products are much less likely to attract ordinary consumers.

COMPETITIVE LANDSCAPE

Entry level luxury brands or specific products within ultimate luxury brands are popular

Calvin Klein leads designer apparel and footwear (ready-to-wear). Although Calvin Klein is a designer brand, it is regarded as an entry level brand in South Korea.

Luxury leather goods brands enter the category

Brands renowned for ultimate luxury leather goods such as Hermès are becoming popular in designer apparel and footwear. Lower unit prices offer an easy entrance and attract consumers.

Brands enjoy fluctuating popularity each year and season, depending on new designs and fashions

The period when the brand itself was the most important factor for consumers appears to be over. Consumers now purchase luxury goods not only on brand image and personal preference, but also take the design aspect and general popularity into account.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Designer Apparel and Footwear (Ready-to-Wear) industry in South Korea with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Designer Apparel and Footwear (Ready-to-Wear) industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.

The Designer Apparel and Footwear (Ready-to-Wear) in South Korea market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Designer Apparel and Footwear (Ready-to-Wear) in South Korea?
What are the major brands in South Korea?
How dynamic is the growth of Designer Apparel and Footwear (Ready-to-Wear) internet sales?
What is driving growth?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply function

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Designer Apparel and Footwear (Ready-To-Wear) in South Korea - Category analysis

HEADLINES

PROSPECTS

Designer apparel and footwear (ready-to-wear) to record healthy growth, supported by domestic consumers

Athleisure to develop

Manufacturers support growth by offering VIP services to customer

COMPETITIVE LANDSCAPE

Entry level luxury brands or specific products within ultimate luxury brands are popular

Luxury leather goods brands enter the category

Brands enjoy fluctuating popularity each year and season, depending on new designs and fashions

CATEGORY DATA

Table 1 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2012-2017
Table 2 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2012-2017
Table 3 NBO Company Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2012-2016
Table 4 LBN Brand Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2013-2016
Table 5 Distribution of Designer Apparel and Footwear (Ready-to-Wear) by Format: % Value 2012-2017
Table 6 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2017-2022
Table 7 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2017-2022

Luxury Goods in South Korea - Industry Overview

EXECUTIVE SUMMARY

Luxury goods records growth, attracting further interest from manufacturers

Expanding consumer base drives growth of luxury goods

Luxury car manufacturers dominate luxury goods

Mixed retailers remains the main retailing channel in luxury goods, while internet retailing is developing

Potential for growth of luxury goods in the forecast period

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2012-2017

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2012-2017
Table 10 Sales of Luxury Goods by Category: % Value Growth 2012-2017
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2017
Table 12 NBO Company Shares of Luxury Goods: % Value 2012-2016
Table 13 LBN Brand Shares of Luxury Goods: % Value 2013-2016
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2017
Table 15 Forecast Sales of Luxury Goods by Category: Value 2017-2022
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2017-2022

Megatrends

Country Report

Designer Apparel and Footwear (Ready-To-Wear) in South Korea

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Designer apparel and footwear (ready-to-wear) to record healthy growth, supported by domestic consumers

Athleisure to develop

Manufacturers support growth by offering VIP services to customer

COMPETITIVE LANDSCAPE

Entry level luxury brands or specific products within ultimate luxury brands are popular

Luxury leather goods brands enter the category

Brands enjoy fluctuating popularity each year and season, depending on new designs and fashions

Overview

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Table of Contents

Designer Apparel and Footwear (Ready-To-Wear) in South Korea - Category analysis

HEADLINES

PROSPECTS

Designer apparel and footwear (ready-to-wear) to record healthy growth, supported by domestic consumers

Athleisure to develop

Manufacturers support growth by offering VIP services to customer

COMPETITIVE LANDSCAPE

Entry level luxury brands or specific products within ultimate luxury brands are popular

Luxury leather goods brands enter the category

Brands enjoy fluctuating popularity each year and season, depending on new designs and fashions

CATEGORY DATA

Luxury Goods in South Korea - Industry Overview

EXECUTIVE SUMMARY

Luxury goods records growth, attracting further interest from manufacturers

Expanding consumer base drives growth of luxury goods

Luxury car manufacturers dominate luxury goods

Mixed retailers remains the main retailing channel in luxury goods, while internet retailing is developing

Potential for growth of luxury goods in the forecast period

MARKET INDICATORS

MARKET DATA

SOURCES

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