Apparel Retail in South Korea

Key Highlights

• The apparel retail market is segmented into childrenswear, menswear, and womenswear. The market value represents retail sales.
• The South Korean apparel retail industry recorded revenues of $50.7 billion in 2023, representing a negative compound annual growth rate (CAGR) of 1.7% between 2018 and 2023.
• The womenswear segment accounted for the industry's largest proportion in 2023, with total revenues of $29.7 billion, equivalent to 58.6% of the industry's overall value.
• South Korean industry accounted for 9.0% of the Asia-Pacific apparel retail industry in 2023.

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 2023?
• What will be the size of the South Korea apparel retail market in 2028?
• 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?