The women’s footwear landscape in Korea is poised to register a CAGR of 3.90% from 2024 to 2034. The women’s footwear ecosystem in Korea is poised to accumulate a valuation of US$ 5,249.2 million in 2024.
Notable brands are offering customization options, allowing customers to personalize aspects like colors, materials, and details, are gaining attention in women’s footwear industry in Korea. By 2034, women’s footwear adoption in Korea will likely secure a valuation of US$ 7,674.4 million.
| Attributes | Details |
|---|---|
| Expected Value in 2024 | US$ 5,249.2 million |
| Projected Value in 2034 | US$ 7,674.4 million |
| CAGR Estimation from 2024 to 2034 | 3.90% |
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Principal Consultant
South Gyeongsang is known for its fashion-forward culture. Consumers' attention to style and trends influences the demand for various types of women’s footwear in the region.
With the increased income, the spending on fashion and lifestyle products, including footwear, has increased. Economic development in the region may positively impact the purchasing power and demand for women's footwear.
The presence of retail outlets, shopping centers, and e-commerce platforms in the province affects the accessibility and purchasing behavior of consumers. The growth of online shopping and modern retail spaces influence the women’s footwear industry.
Factors such as employment rates, income levels, and economic development within the province influence consumer purchasing power and their propensity to spend on women's footwear.
The changing lifestyle choices of women within the province impact the demand for different types of footwear, including casual, formal, or specialized shoes, driving the growth of the women’s footwear industry.
Based on product type, women’s footwear in Korea is likely to be dominated by the safety shoe segment, with a share of 1.80%. Safety shoe designs have evolved to incorporate trendy elements while maintaining their protective features. This fusion appeals to women seeking both safety and fashion in their footwear.
Women, in particular, are becoming more conscious of the importance of protective gear, including safety shoes, in various work environments. Safety shoes, offering features like slip resistance, toe protection, electrical hazard resistance, and comfort, cater to these varied needs across industries.
| Attribute | Details |
|---|---|
| Product Type | Safety Shoes |
| Value Share | 1.80% |
Leather remains the prominent material in the women’s footwear market in Korea with a share of 13.70%. High-quality leather shoes are long-lasting, providing good value for money as they tend to withstand wear and tear better than many other materials. Leather material has the ability to breathe and adjust to the foot's contours, enhances comfort, and reduces the likelihood of blisters or discomfort.
Leather shoes often have a timeless and elegant aesthetic. They can add a touch of sophistication to an outfit and are considered a staple in many wardrobes due to their fashion-forward appeal.
| Attribute | Details |
|---|---|
| Material | Leather |
| Value Share | 13.70% |
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Industry players in women’s footwear in Korea are using mergers & acquisitions as a critical strategy for expanding their geographical presence and for more business in terms of revenue. Massive investments in research and development and strategic partnerships have allowed the players to establish a firm foothold in the market, enlarging their industry share.
Key Product Offerings
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | US$ 5249.2 million |
| Projected Industry Size in 2034 | US$ 7674.4 million |
| Anticipated CAGR between 2024 to 2034 | 3.90% CAGR |
| Historical Analysis of Demand for women’s footwear in Korea | 2019 to 2023 |
| Demand Forecast for women’s footwear in Korea | 2024 to 2034 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Women’s Footwear in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local Providers in Korea |
| Key Province Analyzed while Studying Opportunities women’s footwear in Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju, Rest of Korea |
| Key Companies Profiled | YUUL YIE; SOVO; VANILLASHU; PINK ELEPHANT; Nike Inc.; Adidas AG; Puma SE; SKECHERS; Under Armour Inc.; Wolverine World Wide |
The estimated valuation of the women’s footwear industry in Korea is US$ 5,249.2 million in 2024.
The anticipated CAGR for the women’s footwear ecosystem through 2034 is 3.90%.
Demand for women’s footwear in Korea will be US$ 7,674.4 million by 2034.
Safety shoes sales remain the top product type for women’s footwear industry in Korea.
1. Executive Summary 1.1. Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Pairs) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Pairs) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Pairs) Analysis By Product Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Pairs) Analysis and Forecast By Product Type, 2024 to 2034 5.3.1. Casual Shoes 5.3.2. Boots 5.3.3. Heels & Pumps 5.3.4. Sandals 5.3.5. Flip Flops & Slippers 5.3.6. Sports Shoes 5.3.7. Safety Shoes 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034 6. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Material 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Pairs) Analysis By Material, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Pairs) Analysis and Forecast By Material, 2024 to 2034 6.3.1. Rubber 6.3.2. Leather 6.3.3. Plastic 6.3.4. Velvet 6.3.5. Textiles 6.3.6. Others 6.4. Y-o-Y Growth Trend Analysis By Material, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Material, 2024 to 2034 7. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Pairs) Analysis By Sales Channel, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) & Volume (Pairs) Analysis and Forecast By Sales Channel, 2024 to 2034 7.3.1. Hypermarkets/Supermarkets 7.3.2. Specialty Stores 7.3.3. Multi-Brand Stores 7.3.4. Direct Sales 7.3.5. 3rd Party Online Sales 7.3.6. Others 7.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Sales Channel, 2024 to 2034 8. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Pairs) Analysis By Region, 2019 to 2023 8.3. Current Market Size Value (US$ Million) & Volume (Pairs) Analysis and Forecast By Region, 2024 to 2034 8.3.1. South Gyeongsang 8.3.2. North Jeolla 8.3.3. South Jeolla 8.3.4. Jeju 8.3.5. Rest of Korea 8.4. Market Attractiveness Analysis By Region 9. South Gyeongsang Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034 9.1. Historical Market Size Value (US$ Million) & Volume (Pairs) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Pairs) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Product Type 9.2.2. By Material 9.2.3. By Sales Channel 9.3. Market Attractiveness Analysis 9.3.1. By Product Type 9.3.2. By Material 9.3.3. By Sales Channel 9.4. Key Takeaways 10. North Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034 10.1. Historical Market Size Value (US$ Million) & Volume (Pairs) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Pairs) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Product Type 10.2.2. By Material 10.2.3. By Sales Channel 10.3. Market Attractiveness Analysis 10.3.1. By Product Type 10.3.2. By Material 10.3.3. By Sales Channel 10.4. Key Takeaways 11. South Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034 11.1. Historical Market Size Value (US$ Million) & Volume (Pairs) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Pairs) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Product Type 11.2.2. By Material 11.2.3. By Sales Channel 11.3. Market Attractiveness Analysis 11.3.1. By Product Type 11.3.2. By Material 11.3.3. By Sales Channel 11.4. Key Takeaways 12. Jeju Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034 12.1. Historical Market Size Value (US$ Million) & Volume (Pairs) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Pairs) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Product Type 12.2.2. By Material 12.2.3. By Sales Channel 12.3. Market Attractiveness Analysis 12.3.1. By Product Type 12.3.2. By Material 12.3.3. By Sales Channel 12.4. Key Takeaways 13. Rest of Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034 13.1. Historical Market Size Value (US$ Million) & Volume (Pairs) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Pairs) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Product Type 13.2.2. By Material 13.2.3. By Sales Channel 13.3. Market Attractiveness Analysis 13.3.1. By Product Type 13.3.2. By Material 13.3.3. By Sales Channel 13.4. Key Takeaways 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Product Type 14.3.3. By Material 14.3.4. By Sales Channel 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. YUUL YIE 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. SOVO 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. VANILLASHU 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. PINK ELEPHANT 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Nike Inc. 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Adidas AG 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. Puma SE 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. SKECHERS 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. Under Armour Inc. 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. Wolverine World Wide 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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Demand and Trend Analysis of Women’s Footwear in Korea
