South Korea Eyewear Market Trends, Growth, and Demand Forecast 2024-2032
Eyewear Market- South Korea
Market Statistics
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:
Growth Factors in the South Korean Eyewear Market
- Rising Prevalence of Visual Impairments and Eye-Related Issues
- Increased demand for corrective eyewear, including glasses and contact lenses, due to more individuals seeking solutions for vision problems.
- Growing awareness of eye health is leading to investments in high-quality eyewear products that combine functionality with style.
- Eyewear as a Fashion Accessory
- Brands are focusing on design and aesthetics to cater to the demand for stylish frames and lenses.
- Collaborations between eyewear companies, fashion designers, and celebrities are resulting in exclusive collections that enhance appeal in a fashion-centric market.
- The prioritization of personal style is driving demand for trendy and fashionable eyewear.
- Protection Against Digital Eye Strain
- With increased screen time, there is a growing need for eyewear that offers protection against digital eye strain.
- Innovations in lens technology, such as blue light filtering and anti-reflective coatings, are addressing modern eye health needs.
- Eyewear brands are creating and marketing lenses with these protective features, contributing to market growth.
- Influence of Online Shopping
- The rising popularity of online shopping in South Korea is positively impacting the eyewear market.
- E-commerce platforms offer convenience, enabling people to compare prices and styles from home.
- This shift to online retail is encouraging brands to enhance their digital presence with features like virtual try-ons and personalized recommendations.
- Growing Interest in Sports and Outdoor Activities
- Increased participation in sports and outdoor pursuits is driving demand for specialized eyewear, such as sports goggles and sunglasses.
- Brands are responding by designing performance-driven eyewear with enhanced durability, UV protection, and comfort, further supporting market growth.
We explore the factors propelling the South Korea eyewear market growth, including technological advancements, consumer behaviors, and regulatory changes.
South Korea Eyewear Forecast 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
Request for customization: https://www.imarcgroup.com/request?type=report&id=20287&flag=E
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.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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