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South Korea Adventure Sports Gear Market Overview, 2028


South Korea famed for its rich cultural legacy, lively cities, and stunning natural landscapes, has also developed as a destination for adventure sports aficionados. South Korea's varied topography... もっと見る

 

 

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Bonafide Research & Marketing Pvt. Ltd.
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2023年8月31日 US$1,950
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Summary

South Korea famed for its rich cultural legacy, lively cities, and stunning natural landscapes, has also developed as a destination for adventure sports aficionados. South Korea's varied topography, ranging from towering mountains to scenic coasts, provides a variety of chances for thrill-seeking outdoor sports. This growth in adventure sports has resulted in a thriving market for adventure sports equipment in the country. The unique topography of South Korea is one of the key elements driving the adventure sports gear market. South Korea offers a diverse range of landscapes appropriate for adventure sports such as hiking, rock climbing, water sports, skiing, and more, from the craggy peaks of the Taebaek Mountains to the tranquil waters of the East Sea. This diversity has led to an increased demand for specialized equipment tailored to the unique challenges each activity poses. Hiking and rock climbing have grown in popularity among both residents and visitors. Every year, hundreds of hikers flock to the scenic trails of Seoraksan and Bukhansan National Parks. As a result, there is an increasing need for hiking boots, trekking poles, long-lasting backpacks, and other relevant equipment. Climbers also seek high-quality equipment, such as harnesses, ropes, and carabiners, to overcome the steep sides of South Korea's mountains. South Korea is a water sports paradise, with a coastline that stretches over 2,400 kilometers. Surfing, kayaking, scuba diving, and stand-up paddleboarding have all gained popularity. This boom in popularity has increased demand for high-quality wetsuits, paddleboards, kayaks, snorkeling equipment, and safety equipment.

According to the research report "South Korea Adventure Sports Gear Market Overview, 2028," published by Bonafide Research, the South Korea Adventure Sports Gear market is predicted to grow at 6.79% CAGR from 2023 to 2028. When winter approaches, all eyes are on the slopes. The South Korean Alps are ideal for skiing and snowboarding. This has resulted in an increase in demand for winter sports equipment such as skis, snowboards, boots, helmets, and snow clothing. This market is prospering for brands that offer gear for both novice and seasoned riders. The South Korean adventure sports gear market is driven not only by demand but also by innovation. Local and international businesses are constantly inventing cutting-edge materials and technologies to improve the performance and safety of adventure gear. This involves using smart technologies, lightweight materials, and environmentally sustainable manufacturing practices. South Korea has four unique seasons, each with its own set of adventure options. Skiing and snowboarding in the winter, hiking among brilliant autumn foliage in the summer, water activities in the summer, and springtime trekking among blossoming cherry trees all provide distinct adventure experiences. Adventure sports in South Korea frequently intersect with the country's rich cultural legacy. Hiking routes, for example, frequently lead to old temples and shrines, allowing travellers to connect with the country's past while engaging in outdoor activities. Cultural immersion via adventure is a distinct feature of what South Korea offers. South Korea has various multi-day trekking trails that take you through a variety of landscapes. The most well-known of these is the Baekdu-Daegan Trail, which runs around the spine of the Korean Peninsula and provides trekkers with a unique experience of a wide range of ecosystems and cultures.

Based on product type market is segmented into clothing , footwear , backpack, tents , electronic gadgets , sleeping bags , climbing gear, navigation gear, and others (sun protection gear, hydration gear, illumination gear, fire starters, repair kit and tools, etc.). Among them footwear product dominates the market of South Korea adventure sports gear market. South Korea is a hilly country with a temperate climate, making it perfect for trekking, camping, and mountaineering. Because these sports are becoming more popular, there is a greater demand for specialist footwear that can provide support, traction, and protection in a range of environments. Koreans' disposable income has increased in tandem with the growth of the Korean economy. This has enabled more individuals to participate in outdoor activities while also increasing demand for high-quality, performance-oriented footwear. Based on application market include, trekking, hiking, camping, rafting, skiing, and others (rock climbing, mountaineering, mountain biking, caving/spelunking, paragliding/hang gliding, bungee jumping, ziplining, skydiving, canyoning, sailing/windsurfing/Kiteboarding, sand boarding/dune bashing, horseback riding, cross-country running, etc.). Adventure sports gear products are commonly used in trekking in South Korea. South Korea is a mountainous country with a diverse environment that includes high mountains and difficult paths. Hikers can benefit from adventure sports gear that protects them from the weather and provides support and traction on difficult terrain. South Korea has a diverse wildlife population, including bears, wolves, and snakes. Hikers can be protected from these creatures by using adventure sports equipment.

The price of the market include, low (price under $100), medium ($100 - $500), and high (more than $500). Most of adventure sports gear products that are sold in South Korea comes under the price range of low (price under $100) and is leading the market as well. While adventure sports are becoming increasingly popular, they are still regarded as a relatively nascent market in South Korea when compared to more established markets. As a result, there is an emphasis on making gear more accessible and inexpensive for a broader variety of users, including newbies and those who want to test the waters before committing fully to the activity. In South Korea, the market for adventure sports equipment includes a wide spectrum of demographics, including students, young professionals, families, and tourists. The bulk of these prospective customers may be looking for low-cost choices that will allow them to participate in adventure activities without breaking the bank. Furthermore, adventure sports gear products are widely distributed through speciality stores in South Korea and is leading the market as well. Adventure sports equipment can be very specialized, and specialty stores allow clients to obtain individualized suggestions based on their skill level, preferences, and needs. This level of personalization ensures that consumers invest in equipment that meets their specific requirements. Many specialty retailers allow customers to check out equipment before making a purchase. This "try-before-you-buy" method is especially significant for adventure sports gear since it allows people to evaluate the fit, comfort, and functionality of the equipment. Some of the major specialty stores of South Korea that distributes adventure sports gear include, The North Face, Columbia Sportswear, K2, Interpark and many more.

Considered in this report:
• Geography: South Korea
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• South Korea Adventure Sports Gear market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Clothing
• Footwear
• Backpack
• Tents
• Electronic Gadgets
• Sleeping Bags
• Climbing Gear
• Navigation Gear
• Others (Sun Protection Gear, Hydration Gear, Illumination Gear, Fire Starters, Repair Kit and Tools, etc.)

By Application:
• Trekking
• Hiking
• Camping
• Rafting
• Skiing
• Others (Rock Climbing, Mountaineering, Mountain Biking, Caving/Spelunking, Paragliding/Hang Gliding, Bungee Jumping, Ziplining, Skydiving, Canyoning, Sailing/Windsurfing/Kiteboarding, Sandboarding/Dune Bashing, Horseback Riding, Cross-Country Running, etc.)

By Price:
• Low (Price under $100)
• Medium ($100 - $500)
• High (More than $500

By Distribution Channel:
• Specialty stores
• Hypermarkets/supermarkets
• Small retail stores
• Online Channel

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Adventure Sports Gear industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.








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Table of Contents

Table of Contents
1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. Geography
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. South Korea Macro Economic Indicators
5. Market Dynamics
5.1. Key Findings
5.2. Key Developments - 2021
5.3. Market Drivers & Opportunities
5.4. Market Restraints & Challenges
5.5. Market Trends
5.6. Covid-19 Effect
5.7. Supply chain Analysis
5.8. Policy & Regulatory Framework
5.9. Industry Experts Views
6. South Korea Adventure Sports Gear Market Overview
6.1. Market Size By Value
6.2. Market Size and Forecast By Product Type
6.3. Market Size and Forecast By Application
6.4. Market Size and Forecast By Price
6.5. Market Size and Forecast By Distribution Channel
7. South Korea Adventure Sports Gear Market Segmentations
7.1. South Korea Adventure Sports Gear Market, By Product Type
7.1.1. South Korea Adventure Sports Gear Market Size, By Clothing, 2017-2028
7.1.2. South Korea Adventure Sports Gear Market Size, By Footwear, 2017-2028
7.1.3. South Korea Adventure Sports Gear Market Size, By Backpack, 2017-2028
7.1.4. South Korea Adventure Sports Gear Market Size, By Tents, 2017-2028
7.1.5. South Korea Adventure Sports Gear Market Size, By Electronic Gadgets, 2017-2028
7.1.6. South Korea Adventure Sports Gear Market Size, By Sleeping Bags, 2017-2028
7.1.7. South Korea Adventure Sports Gear Market Size, By Climbing Gear, 2017-2028
7.1.8. South Korea Adventure Sports Gear Market Size, By Navigation Gear, 2017-2028
7.1.9. South Korea Adventure Sports Gear Market Size, By Others, 2017-2028
7.2. South Korea Adventure Sports Gear Market, By Application
7.2.1. South Korea Adventure Sports Gear Market Size, By Trekking, 2017-2028
7.2.2. South Korea Adventure Sports Gear Market Size, By Rafting, 2017-2028
7.2.3. South Korea Adventure Sports Gear Market Size, By Hiking, 2017-2028
7.2.4. South Korea Adventure Sports Gear Market Size, By Camping, 2017-2028
7.2.5. South Korea Adventure Sports Gear Market Size, By Skiing, 2017-2028
7.2.6. South Korea Adventure Sports Gear Market Size, By Others, 2017-2028
7.3. South Korea Adventure Sports Gear Market, By Price
7.3.1. South Korea Adventure Sports Gear Market Size, By Low, 2017-2028
7.3.2. South Korea Adventure Sports Gear Market Size, By Medium, 2017-2028
7.3.3. South Korea Adventure Sports Gear Market Size, By High, 2017-2028
7.4. South Korea Adventure Sports Gear Market, By Distribution Channel
7.4.1. South Korea Adventure Sports Gear Market Size, By Specialty stores, 2017-2028
7.4.2. South Korea Adventure Sports Gear Market Size, By Hypermarkets/supermarkets, 2017-2028
7.4.3. South Korea Adventure Sports Gear Market Size, By Small retail stores, 2017-2028
7.4.4. South Korea Adventure Sports Gear Market Size, By Online Channel, 2017-2028
8. South Korea Adventure Sports Gear Market Opportunity Assessment
8.1. By Product Type, 2023 to 2028
8.2. By Application, 2023 to 2028
8.3. By Price, 2023 to 2028
8.4. By Distribution Channel, 2023 to 2028
9. Competitive Landscape
9.1. Porter's Five Forces
9.2. Company Profile
9.2.1. Company 1
9.2.2. Company 2
9.2.3. Company 3
9.2.4. Company 4
9.2.5. Company 5
9.2.6. Company 6
9.2.7. Company 7
9.2.8. Company 8
10. Strategic Recommendations
11. Disclaimer

List of Figures
Figure 1: South Korea Adventure Sports Gear Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 2: Market Attractiveness Index, By Product Type
Figure 3: Market Attractiveness Index, By Application
Figure 4: Market Attractiveness Index, By Price
Figure 5: Market Attractiveness Index, By Distribution Channel
Figure 6: Porter's Five Forces of South Korea Adventure Sports Gear Market

List of Table
Table 1 : Influencing Factors for South Korea Adventure Sports Gear Market, 2022
Table 2: South Korea Adventure Sports Gear Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 3: South Korea Adventure Sports Gear Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 4: South Korea Adventure Sports Gear Market Size and Forecast By Price (2017, 2022 & 2028F)
Table 5: South Korea Adventure Sports Gear Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 6: South Korea Adventure Sports Gear Market Size of Clothing (2017 to 2028) in USD Million
Table 7: South Korea Adventure Sports Gear Market Size of Footwear (2017 to 2028) in USD Million
Table 8: South Korea Adventure Sports Gear Market Size of Backpack (2017 to 2028) in USD Million
Table 9: South Korea Adventure Sports Gear Market Size of Tents (2017 to 2028) in USD Million
Table 10: South Korea Adventure Sports Gear Market Size of Electronic Gadgets (2017 to 2028) in USD Million
Table 11: South Korea Adventure Sports Gear Market Size of Sleeping Bags (2017 to 2028) in USD Million
Table 12: South Korea Adventure Sports Gear Market Size of Climbing Gear (2017 to 2028) in USD Million
Table 13: South Korea Adventure Sports Gear Market Size of Navigation Gear (2017 to 2028) in USD Million
Table 14: South Korea Adventure Sports Gear Market Size of Others (2017 to 2028) in USD Million
Table 15: South Korea Adventure Sports Gear Market Size of Trekking (2017 to 2028) in USD Million
Table 16: South Korea Adventure Sports Gear Market Size of Rafting (2017 to 2028) in USD Million
Table 17: South Korea Adventure Sports Gear Market Size of Hiking (2017 to 2028) in USD Million
Table 18: South Korea Adventure Sports Gear Market Size of Camping (2017 to 2028) in USD Million
Table 19: South Korea Adventure Sports Gear Market Size of Skiing (2017 to 2028) in USD Million
Table 20: South Korea Adventure Sports Gear Market Size of Others (2017 to 2028) in USD Million
Table 21: South Korea Adventure Sports Gear Market Size of Low (2017 to 2028) in USD Million
Table 22: South Korea Adventure Sports Gear Market Size of Medium (2017 to 2028) in USD Million
Table 23: South Korea Adventure Sports Gear Market Size of High (2017 to 2028) in USD Million
Table 24: South Korea Adventure Sports Gear Market Size of Specialty stores (2017 to 2028) in USD Million
Table 25: South Korea Adventure Sports Gear Market Size of Hypermarkets/supermarkets (2017 to 2028) in USD Million
Table 26: South Korea Adventure Sports Gear Market Size of Small retail stores (2017 to 2028) in USD Million
Table 27: South Korea Adventure Sports Gear Market Size of Online Channel (2017 to 2028) in USD Million

 

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