South Korea Sportswear Market Size and Forecast Analytics by Category (Apparel, Footwear, Accessories), Segments (Gender, Positioning, Activitiy), Retail Channel and Key Brands, 2020-2025
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The South Korean sportswear market was valued at KRW14.1 trillion in 2020 and is expected to grow with a CAGR of more than 6% during the period 2021-2025. Sports clothing accounted for the largest share in 2020, followed by sports footwear, and sports accessories. Offline purchases dominated South Korea’s sportswear market, and based on the channel segment clothing, footwear & accessories specialists were the leading distribution channel, followed by online specialists, and department stores. Nike, Adidas, FILA and Descente were the top brands in the South Korean sportswear market in 2021.
Overview of the South Korean sportswear market
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What are the key segments of South Korea’s sportswear market?
The South Korean sportswear market is categorized into sports clothing, sports footwear, and sports accessories. Sports clothing has been accounted for the largest share in 2020, followed by sports footwear, and sports accessories.
Sports clothing: South Korea’s sports clothing includes womenswear, menswear, and childrenswear, where womenswear is expected to show the highest growth rate during the forecast period, while childrenswear showed the lowest growth rate. In 2020, active was the dominating sportswear type, followed by sports-inspired casualwear and technical sportswear types. Training had the highest share amongst the sports clothing based on activity in 2020, followed by football (soccer only), and running. By value, Nike Adidas and Descente were the top sports clothing brands in the country in 2020.
Sports footwear: The sports footwear category is expected to grow with a CAGR of more than 6% during 2021-2025. South Korean sports footwear includes women’s footwear, men’s footwear, and children’s footwear, where women’s footwear is expected to show the highest growth rate during the forecast period, while children’s footwear showed the lowest growth rate. In 2020, active was the dominating sports footwear type, followed by technical, and sports inspires casualwear sports footwear types. Training had the highest share amongst the sports footwear based on activity in 2020, followed by running, and basketball. Nike Adidas and FILA were the top sports footwear brands by value in 2020.
Sports accessories: South Korean sports accessories include handbags, sunglasses, hats, scarves, gloves, belts, and other accessories. Handbags had the highest share of South Korea’s sports accessories in 2020, followed by sunglasses, and hats. During the same period, sports-inspired casual wear was the dominating sports accessories type, followed by active and technical sportswear types. Training had the highest share amongst the sports accessories based on activity in 2020, followed by running, and football (soccer only). Nike Adidas and Descente were the top sports footwear brands by value in 2020.
South Korean sportswear market, by key categories
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What are the major distribution channels in South Korean sportswear market?
Offline purchases had a major share in South Korean sportswear market, with online penetration being less than 39% in 2020. The distribution channels in South Korean sportswear market include clothing, footwear & accessories specialists, online specialists, department stores, other online retailers, hypermarkets, supermarkets & hard discounters, other specialist retailers, and others. Clothing, footwear & accessories specialists were the leading distribution channel in 2020, followed by online specialists and department stores.
South Korean sportswear market, by distribution channels
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Which are the key sportswear brands of South Korea?
The major sportswear brands in the South Korean sportswear market include Nike, Adidas, Descente FILA, Columbia, Lacoste, Champion, New Balance, Under Armour and Puma.
South Korean sportswear market, by key brands
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Market report scope
Market size (year – 2020) | KRW14.1 trillion |
Growth rate (CAGR) | >6% |
Base year for estimation | 2020 |
Forecast period | 2021-2025 |
Key categories | Sports clothing, sports footwear, and sports accessories |
Key distribution channels | Clothing, footwear & accessories specialists, online specialists, department stores, other online retailers, hypermarkets, supermarkets & hard discounters, other specialist retailers, and others |
Key brands | Nike, Adidas, Descente FILA, Columbia, Lacoste, Champion, New Balance, Under Armour and Puma |
Scope
- Women’s sports clothing will grow by more than 6%.
- Trainers in men’s sports footwear dominates the sales but shoes & boots are expected to be the fastest-growing category.
- Nike led the overall sportswear market in 2020 followed by Adidas and FILA.
Reasons to Buy
- Gain a comprehensive view of the accessories market and forecasts to 2025.
- Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of COVID-19 on the accessories market.
- Investigate current and forecast trends in the market to identify the opportunities offering the most potential.
- Understand who the main competitors are in the sectors.
Decathlon
Adidas
Fila
Descente
New Balance
Lacoste
Under Armour
Reebok
Converse
Table of Contents
Frequently asked questions
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What was the value of the South Korean sportswear market in 2020?
The South Korean sportswear market was valued at KRW14.1 trillion in 2020.
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What is the growth rate of the South Korean sportswear market?
The South Korean sportswear market is expected to grow by a CAGR of more than 6% during 2021-2025.
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What are the key categories of the South Korean sportswear market?
Clothing, footwear & accessories specialists were the leading distribution channel in 2020, followed by online specialists and department stores.
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What are the leading distribution channels of the South Korean sportswear market?
Clothing, footwear & accessories specialists were the leading distribution channel in 2020, followed by online specialists and department stores.
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What are the key brands in the South Korean sportswear market?
Nike, Adidas, Descente FILA, Columbia, Lacoste, Champion, New Balance, Under Armour and Puma are the key brands in South Korea’s sportswear market.
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