South Korea Eyewear Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 5.17% (2024-2032)
The rising prevalence of visual impairments and eye-related issues represents one of the key factors propelling the growth of the market in South Korea. According to the latest report by IMARC Group, The South Korea eyewear market size is projected to exhibit a growth rate (CAGR) of 5.17% during 2024-2032.
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South Korea Eyewear Industry Trends and Drivers:
The rising prevalence of visual impairments and eye-related issues represents one of the key factors propelling the growth of the market in South Korea. As more individuals are seeking solutions for their vision problems, the demand for corrective eyewear, including glasses and contact lenses, is increasing. This growing awareness among people about eye health is encouraging them to invest in high-quality eyewear products that offer functionality and style.
In addition, the utilization of eyewear as a fashion accessory is prompting brands to focus on design and aesthetics, facilitating a wide range of stylish frames and lenses catering to diverse preferences. Eyewear companies are collaborating with fashion designers and celebrities to develop exclusive collections, which is enhancing their appeal in the fashion-centric market. The increasing prioritization of personal style is driving the demand for trendy and fashionable eyewear in the country.
In line with this, many individuals are looking for eyewear that protects against digital eye strain due to prolonged screen time. Innovations in lens technology, such as blue light filtering and anti-reflective coatings, are addressing these modern needs. As a result, eyewear brands are creating and marketing lenses with these protective features, thereby contributing to the market growth in South Korea.
The increasing popularity of online shopping in the country is also positively influencing the market. The convenience of e-commerce platforms is enabling people to purchase eyewear online, with the ability to compare prices and styles from the comfort of their homes. This shift to online retail is encouraging eyewear brands to enhance their digital presence, providing virtual try-on features and personalized recommendations to improve the shopping experience.
Moreover, the growing emphasis and interest in sports and outdoor activities is catalyzing the demand for specialized eyewear in South Korea. The need for performance-driven eyewear, such as sports goggles and sunglasses, is rising as more individuals are engaging in sports and outdoor pursuits. Brands are responding to the trend by designing eyewear with enhanced durability, ultra-violet (UV) protection, and comfort, thereby supporting the market growth in the country.
We explore the factors propelling the South Korea eyewear market growth, including technological advancements, consumer behaviors, and regulatory changes.
South Korea Eyewear Industry Segmentation:
The report has segmented the market into the following categories:
Product Insights:
- Spectacles
- Sunglasses
- Contact Lenses
Gender Insights:
- Men
- Women
- Unisex
Distribution Channel Insights:
- Optical Stores
- Independent Brand Showrooms
- Online Stores
- Retail Stores
Regional Insights:
- Seoul Capital Area
- Yeongnam (Southeastern Region)
- Honam (Southwestern Region)
- Hoseo (Central Region)
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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