Demand and Trend Analysis of Women’s Footwear in Korea
Examining Sales and Deployment Trends of Women’s Footwear in Korea by Casual Shoes, Boots, Heels & Pumps, Sandals and Others through 2034
The growing influence of fashion trends in Korea and increased demand for various women’s footwear styles are anticipated to drive Women’s Footwear in Korea.
Analytical Study Women’s Footwear in Korea from 2024 to 2034
The women’s footwear landscape in Koreais poised to register a CAGR of 3.90% from 2024 to 2034. The women’s footwear ecosystem in Koreais 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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Key Insights and Highlights to Understand Emerging and Fast-growing Opportunities
The growing economy and increased disposable income among the population have led to higher spending on fashion and luxury items, including footwear.
Exposure to Korean fashion trends through social media and brands contributes to the diversification of styles available in the Korean market.
The growth of online shopping platforms has expanded access to a wide range of footwear options. Korean consumers often embrace technology-driven shopping experiences, leveraging mobile apps and social media for fashion inspiration and purchasing.
Key Trends Influencing Demand for Women’s Footwear in Korea
With growing awareness of sustainability and ethical manufacturing practices. Consumers are increasingly seeking environmentally friendly and ethically produced footwear.
Personalized designs or options to customize aspects like colors and materials cater to consumers looking for unique, individualized footwear gaining traction.
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Comparative View of Adjacent Women’s Footwear in Korea
The table compares women’s footwear sales in Korea and their respective adoption rates in Western Europe, Japan, and South Korea.
Women’s footwear brands in Korea offer ergonomic designs and specialized features for comfort appeal to consumers, especially those with active lifestyles. The rise of e-commerce platforms and a focus on providing exceptional in-store experiences have contributed to the growth of Women’s footwear in Japan. Industry players in Western Europe focus on innovative designs and materials to attract consumers looking for unique and trend-setting footwear options.
Demand Analysis of Women’s Footwear in Korea:
Attributes
Details
CAGR from 2024 to 2034
3.90%
Valuation in 2024
US$ 5,249.2 million
Key Trend
The growing customization options for personalized designs and fit, empowering women to create unique footwear styles, are emerging trend in Korea.
Key Challenge
The demand for fast, ever-changing fashion trends poses challenges for manufacturers and retailers to keep up with the rapid turnover of styles.
Sales of Women’s Footwear in Western Europe:
Attributes
Details
CAGR from 2024 to 2034
3.80%
Valuation in 2024
US$ 21,323.60 million
Key Trend
The rising popularity of sports shoes
Key Challenge
Factors such as increasing labor costs and raw material expenses can impact the production costs of footwear.
Women’s Footwear Ecosystem in Japan:
Attributes
Details
CAGR from 2024 to 2034
3.60%
Valuation in 2024
US$ 16,466.50 million
Key Trend
The growing demand for sustainable and eco-friendly options.
Key Challenge
Continuous shifts in fashion trends and consumer preferences.
Province wise Insights
Increase Consumer Spending to Boost Industry Sales in South Gyeonsang
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 Growing Urbanization and Lifestyle Changes Boost the Industry Growth in North Jeolla
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.
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Category-wise insights
Safety Shoes are Gaining Popularity in women’s Footwear in Korea
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 Materials account for a High Industry Share as compared to Other Types.
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%
Competitive Landscape
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.
Some of the key players in the Women’s Footwear in Korea include the following.
YUUL YIE
SOVO
VANILLASHU
PINK ELEPHANT
Nike Inc.
Adidas AG
Puma SE
SKECHERS
Under Armour Inc.
Wolverine World Wide
Key Product Offerings
YUUL YIE is known for its unique and contemporary shoe designs that often incorporate architectural elements and bold shapes. The brand's shoes feature eye-catching details such as geometric heels, sculptural shapes, and unexpected embellishments.
Scope of the Report
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
Women’s Footwear in Korea Key Segments
By Product Type:
Casual Shoes
Boots
Heels & Pumps
Sandals
Flip Flops & Slippers
Sports Shoes
Safety Shoes
By Material Type:
Rubber
Leather
Plastic
Velvet
Textiles
Others
By Sales Channel:
Hypermarkets/Supermarkets
Specialty Stores
Multi-Brand Stores
Direct Sales
3rd Party Online Sales
Other
By Region:
South Gyeongsang
North Jeolla
South Jeolla
Jeju
Rest of Korea
Frequently Asked Questions
How big is the women’s footwear ecosystem in Korea?
The estimated valuation of the women’s footwear industry in Korea is US$ 5,249.2 million in 2024.
At what Rate is the women’s footwear ecosystem growing in Korea?
The anticipated CAGR for the women’s footwear ecosystem through 2034 is 3.90%.
How big will be the women’s footwear ecosystem in Korea?
Demand for women’s footwear in Korea will be US$ 7,674.4 million by 2034.
Which product type drives the women’s footwear in Korea?
Safety shoes sales remain the top product type for women’s footwear industry in Korea.
Table of Content
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 Used17. Research Methodology
