South Korea Footwear Retail Market Summary, Competitive Analysis and Forecast to 2027

Key Highlights

• The footwear market includes total revenues generated through the sales of all types of men's, women's, and children's shoes.
• The South Korean footwear market had total revenues of $9.5 billion in 2022, representing a compound annual growth rate (CAGR) of 1.6% between 2017 and 2022.
• The women's footwear segment accounted for the market's largest proportion in 2022, with total revenues of $5.1 billion, equivalent to 54% of the market's overall value.
• The growth of the footwear market in recent years can be partly attributed to the rise of e-commerce and social commerce, as well as the increasing popularity of internet access worldwide. For instance, according to in-house research, the South Korean e-commerce market value stood at $147.8 billion in 2022, an increase from $120.5 billion in the previous year.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the footwear retail market in South Korea
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the footwear retail market in South Korea
• Leading company profiles reveal details of key footwear retail market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South Korea footwear retail market with five year forecasts

Reasons to Buy

• What was the size of the South Korea footwear retail market by value in 2022?
• What will be the size of the South Korea footwear retail market in 2027?
• What factors are affecting the strength of competition in the South Korea footwear retail market?
• How has the market performed over the last five years?
• What are the main segments that make up South Korea's footwear retail market?