Apparel Retail in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Childrenswear includes all clothing designed for children between the ages of 0-15, such as baby clothing, boys’ casualwear, boys’ school wear, boys’ underwear (vests, underpants, socks) and nightwear, boys’ formalwear-occasion, boys’ outerwear including regional or national attire, girls’ casualwear, girls’ school wear, girls’ underwear (knickers, bras, vests, socks, and tights) and nightwear, girls’ formalwear-occasion, girls’ outerwear including regional and national attire, such as saris, and toddler clothing. It also includes all sportswear and fancy dress.
- The South Korean apparel retail industry had total revenues of $48.4 billion in 2022, representing a compound annual growth rate (CAGR) of 1.3% between 2017 and 2022.
- The womenswear segment accounted for the industry's largest proportion in 2022, with total revenues of $28.4 billion, equivalent to 58.7% of the industry's overall value.
- Factors such as reducing unemployment and rising disposable income are strengthening consumers’ purchasing power, leading to an increase in spending on non-essential items such as new fashion. According to in-house research, in 2022, the net household disposable income per household in South Korea reached $49,359, up 10.4% over 2019.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the apparel retail market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the apparel retail market in South Korea
- Leading company profiles reveal details of key apparel retail market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea apparel retail market with five year forecasts
Reasons to Buy
- What was the size of the South Korea apparel retail market by value in 2022?
- What will be the size of the South Korea apparel retail market in 2027?
- What factors are affecting the strength of competition in the South Korea apparel retail market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's apparel retail market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Lotte Shopping Co., Ltd.
- Fast Retailing Co Ltd
- FILA Holdings Corp
- Samsung C&T Corp
