South Korea Footwear Market Size, Share, and COVID-19 Impact Analysis, By Material (Rubber, Leather, Plastic, Fabric, and Others), By Product (Non-Athletic Footwear, and Athletic Footwear), and South Korea Footwear Market Insights, Industry Trend, Forecasts to 2035

South Korea Footwear Market Insights Forecasts to 2035

• The South Korea Footwear Market Size was estimated at USD 4,700.8 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 4.97% from 2025 to 2035
• The South Korea Footwear Market Size is Expected to Reach USD 8,018.6 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Footwear Market is anticipated to reach USD 8,018.6 million by 2035, growing at a CAGR of 4.97% from 2025 to 2035. Some of the main factors propelling the market are the rising use of augmented reality (AR) to provide immersive shopping experiences, the growing demand for comfortable and adaptable footwear options, and the growing technological advancements in manufacturing processes.

Market Overview

The South Korean footwear market encompasses Production, distribution, and consumption of a wide range of footwear, such as athletic and non-athletic shoes, sandals, boots, and slippers, are all included in the South Korean footwear market. With items offered through a variety of retail channels, including department stores, specialty shoe stores, supermarkets, hypermarkets, and internet platforms, it caters to a wide range of customers in terms of age and demographics. A combination of contemporary fashion trends and traditional craftsmanship define the market, which is impacted by global fashion movements, cultural preferences, and technological advancements. Additionally, the country's market is expanding as a result of retailers' growing use of online-to-offline (O2O) strategies, which allow customers to browse footwear options online before going to physical stores to try them on. This method blends the tactile experience of trying on shoes in-store with the ease of online shopping. Additionally, a positive market outlook is being provided by the expanding trend of footwear rental services, especially for formal events and special occasions. Access over ownership and the need for sustainable consumption are in line with this trend. In addition, some brands are increasingly using augmented reality (AR) to provide immersive shopping experiences, which is supporting the nation's market expansion.

Report Coverage

This research report categorizes the market for the South Korea footwear market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea footwear market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea footwear market.

Driving Factors

Growing technological advancements in production techniques are making it possible to produce footwear that is more comfortable, long-lasting, and environmentally friendly. Production is being streamed through the use of 3D printing and automated equipment, which enables more customization choices and faster turnaround times. Aside from this, the market is being positively impacted by brands' increasing investments in improving the in-store experience through creative store designs and interactive displays. Additionally, the growing number of partnerships between footwear companies and other sectors, like fashion designers or sports brands, is producing limited-edition collections that excite consumers.

Restraining Factors

The fierce rivalry between domestic and foreign brands is a defining feature of the footwear industry. Price wars that result from this competition frequently erode profit margins and make it difficult for businesses to retain customer loyalty and brand value.

Market Segmentation

The South Korea footwear market share is classified into material and product.

• The rubber segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea footwear market is segmented by material into rubber, leather, plastic, fabric, and others. Among these, the rubber segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Rubber is primarily used to make soles because of its comfort, flexibility, and durability, which make it a popular material for many kinds of shoes.

• The non-athletic footwear segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea footwear market is segmented by product into non-athletic footwear and athletic footwear. Among these, the non-athletic footwear segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. High demand for fashionable, multipurpose shoes that go well with casual outfits, social gatherings, and the workplace. Moreover, the market for non-athletic shoes with a green edge is expanding due to growing interest in ethical production practices and eco-friendly materials.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea footwear market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Fila Korea
• Musinsa
• MLB Korea
• Kolon Industries FnC
• Covernat
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Footwear Market based on the below-mentioned segments:

South Korea Footwear Market, By Material

• Rubber
• Leather
• Plastic
• Fabric
• Others

South Korea Footwear Market, By Product

• Non-Athletic Footwear
• Athletic Footwear