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:
A combination of factors such as increasing awareness of eye health, rising disposable incomes, as well as evolving fashion preferences are responsible for the growth of the South Korea eyewear market. The market is propelling owing to the growing prevalence of vision problems among the younger population due to excessive screen time. Besides this, the aging population is contributing to the demand for progressive lenses and reading glasses. Rising consumer spending power is also encouraging the purchase of premium and branded eyewear, reflecting the shift toward quality and style. The rapid expansion of online retail channels is further enhancing market accessibility, allowing consumers to explore a wide range of eyewear options conveniently and at competitive prices. Government initiatives to promote eye health awareness and affordable vision correction solutions are also playing a supportive role in market growth.
Key trends shaping the South Korea eyewear market include the growing preference for fashionable and customized eyewear. Consumers are increasingly treating glasses as a style statement, driving demand for designer frames, unique shapes, and trendy colors. The adoption of advanced lens technologies, such as blue-light-blocking lenses, photochromic lenses, and anti-reflective coatings, is also gaining traction as consumers prioritize eye protection and comfort. Sustainability is emerging as a critical trend, with brands introducing eco-friendly eyewear made from biodegradable and recycled materials to cater to environmentally conscious buyers. Smart glasses incorporating augmented reality (AR) and connectivity features are attracting tech-savvy consumers, creating a niche segment within the market. Moreover, the rise of direct-to-consumer (DTC) brands offering high-quality eyewear at competitive prices is reshaping the industry, which is anticipated to drive the South Korea eyewear market over the forecasted period.
Our report provides a deep dive into the market analysis, outlining the current trends, underlying South Korea eyewear market demand, and growth trajectories.
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.
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 provides a comprehensive suite of market entry and expansion services. IMARC offerings include a 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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