South Korea Menswear Market

Market Overview:

South Korea menswear market size reached US$ 11.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 17.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.80% during 2024-2032. The growing consumer fashion consciousness and the inflating popularity of customized and tailored clothing represent some of the key factors driving the market growth.

Menswear pertains to clothing exclusively crafted for male consumers. These garments are predominantly produced using robust and well-constructed fabrics, with a diverse range of materials such as cotton, nylon, polyester, rayon, wool, and silk employed in their manufacture. Unlike women's clothing, menswear is characterized by neutral colors and more understated embellishments. The various types of commonly worn attire include formals, casual wear, ethnic garments, sportswear, and nightwear. Within the product category of menswear, one can find a variety of items such as shirts, t-shirts, trousers, denim, sweaters, jerseys, pullovers, and sweatshirts.

South Korea Menswear Market Trends:

The South Korea menswear market represents a dynamic and evolving sector within the nation's fashion industry, reflecting the changing preferences and lifestyles of male consumers. The market showcases a rich variety of materials, including cotton, nylon, polyester, rayon, wool, and silk, providing consumers with a wide array of choices suited for different occasions and seasons. Additionally, in terms of style, menswear across the country often features neutral colors and more subdued embellishments, emphasizing a sophisticated and versatile aesthetic. The market caters to diverse fashion preferences, offering options for formals, casual wear, ethnic attire, sportswear, and nightwear. Besides this, the product category within the South Korea menswear market is extensive, encompassing essential items like shirts, t-shirts, trousers, denim, as well as seasonal apparel like sweaters, jerseys, pullovers, and sweatshirts. These offerings reflect the dynamic nature of the South Korean fashion landscape, where traditional and contemporary styles coexist to meet the evolving demands of male consumers. As South Korea continues to be a hub for fashion and design, the menswear market remains a key player in shaping the overall industry landscape. The blend of quality craftsmanship, diverse materials, and style innovation will position the South Korea menswear market as an influential force in the fashion arena over the forecasted period.

South Korea Menswear Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on product type, season, and distribution channel.

Product Type Insights:

• Trousers
• Denims
• Shirts and T-Shirts
• Ethnic Wear
• Others
   

The report has provided a detailed breakup and analysis of the market based on the product type. This includes trousers, denims, shirts and T-shirts, ethnic wear, and others.

Season Insights:

• Summer Wear
• Winter Wear
• All-Season Wear
   

A detailed breakup and analysis of the market based on the season have also been provided in the report. This includes summer wear, winter wear, and all-season wear.

Distribution Channel Insights:

• Supermarkets and Hypermarkets
• Exclusive Stores
• Multi-Brand Retail Outlets
• Online Stores
• Others
   

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes supermarkets and hypermarkets, exclusive stores, multi-brand retail outlets, online stores, and others.

Regional Insights:

• Seoul Capital Area
• Yeongnam (Southeastern Region)
• Honam (Southwestern Region)
• Hoseo (Central Region)
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

South Korea Menswear Market Report Coverage:

Key Questions Answered in This Report:

• How has the South Korea menswear market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the South Korea menswear market?
• What is the breakup of the South Korea menswear market on the basis of product type?
• What is the breakup of the South Korea menswear market on the basis of season?
• What is the breakup of the South Korea menswear market on the basis of distribution channel?
• What are the various stages in the value chain of the South Korea menswear market? 
• What are the key driving factors and challenges in the South Korea menswear?
• What is the structure of the South Korea menswear market and who are the key players?
• What is the degree of competition in the South Korea menswear market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the South Korea menswear market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the South Korea menswear market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the South Korea menswear industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.