South Korea Workwear Market Size & Outlook, 2023-2030
South Korea workwear market, 2018-2030 (US$M)
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South Korea workwear market highlights
- The South Korea workwear market generated a revenue of USD 1,089.5 million in 2023 and is expected to reach USD 1,505.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, workwear apparel was the largest revenue generating product in 2023.
- Workwear Footwear is the most lucrative product segment registering the fastest growth during the forecast period.
Workwear market data book summary
| Market revenue in 2023 | USD 1,089.5 million |
| Market revenue in 2030 | USD 1,505.0 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Workwear apparel |
| Fastest growing segment | Workwear Footwear |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Workwear Apparel, Workwear Footwear |
| Key market players worldwide | Aramark, 3M Co, Ansell Ltd, Honeywell International Inc, Kimberly-Clark Corp, Carhartt, Alsico, Lafont, Hard Yakka |
Other key industry trends
- In terms of revenue, South Korea accounted for 6.1% of the global workwear market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China workwear market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,295.6 million by 2030.
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Workwear Market Scope
Workwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea workwear market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to workwear market will help companies and investors design strategic landscapes.
Workwear apparel was the largest segment with a revenue share of 71.39% in 2023. Horizon Databook has segmented the South Korea workwear market based on workwear apparel, workwear footwear covering the revenue growth of each sub-segment from 2018 to 2030.
Global and local companies are investing in research and development to innovate and improve the design and functionality of workwear and safety clothing, catering to the evolving needs of industries.
Global retailers in the workwear sector are strategizing to expand their brand portfolios by introducing workwear labels in the South Korean market. These brands are placing a strong emphasis on promoting sustainability, particularly targeting the environmentally conscious population.
In July 2022, APOC Store, a conceptual retailer based in London, added a workwear brand to its roster of brands. EGNARTS, headquartered in Seoul, South Korea, aims to make a mark in the small-batch fashion scene.
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Target buyers of South Korea workwear market databook
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Our clientele includes a mix of workwear market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea workwear market , including forecasts for subscribers. This country databook contains high-level insights into South Korea workwear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea workwear market size, by product, 2018-2030 (US$M)
South Korea Workwear Market Outlook Share, 2023 & 2030 (US$M)
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