SOUTH KOREA EYEWEAR MARKET 

INTRODUCTION

 Eyewear consists of items and accessories worn on or over the eyes, for fashion or adornment, protection against the environment, and to improve or enhance visual acuity. Common forms of eyewear include glasses, sunglasses, and contact lenses.

eyeglasses, also called glasses or spectacles, lenses set in frames for wearing in front of the eyes to aid vision or to correct such defects of vision as myopia, hyperopia, and astigmatism.

Glasses, also known as eyeglasses or spectacles, are vision eyewear with lenses (clear or tinted) mounted in a frame that holds them in front of a person's eyes, typically utilising a bridge over the nose and hinged arms (known as temples or temple pieces) that rest over the ears.

Wearing safety eyewear in your home, workshop, garage, yard, or workplace can protect your eyes from injury and damage.

Your eye can sustain significant injury from airborne chemicals, dust, and debris, so it's important to protect yourself from potential harm.

Glasses not only protect your vision from digital screens, but they also keep dirt and dust from getting into your eyes.

Furthermore, eyeglasses can also help protect your eyes from harmful UV rays. Convenience – Unlike contact lenses, glasses are easy to put on and take off.

SOUTH KOREA EYEWEAR MARKET  SIZE AND FORECAST

South Korea eyewear market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

Kering Eyewear opens its first South Korea store, its largest yet in Asia.Luxury brand Kering Eyewear has launched its first store in South Korea, located on the eighth floor of Lotte Duty Free’s store in Busan.

A collaboration between Kering Group and Lotte, the brand claims the new boutique is its largest store in Asia to date. Centrestage in the store is a giant media wall showcasing new products.

A virtual fitting service for Kering eyewear is provided by Lotte Internet Duty Free using augmented reality (AR) technology.

Lotte Internet Duty Free plans to implement a virtual reality (VR) tool allowing customers to view the boutique in 360 degrees without physically visiting the store.

Kering Group wants to expand its presence in Asia and deepen its commitment to sustainability. The group has also revealed plans to strengthen its Gucci brand’s presence in China, where it aims to become the market leader by 2025.

Kering wants to cut its carbon footprint by 40 per cent by 2025. It also emphasises its efforts in sustainable sourcing, buying 30 percent of organic cotton, 100 percent of gold, and 73 percent of sustainable leather from suppliers who source their materials ethically.

COMPANY PROFILE

• Kering
• SOJOS
• Huawei
• Lindberg
• Vouge

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many eyewear are manufactured per annum in South Korea? Who are the sub-component suppliers in different regions?
2. Cost breakup of a South Korea and key vendor selection criteria
3. Where is South Korea manufactured? What is the average margin per unit?
4. Market share of South Korea market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture South Korea in-house
6. key predictions for next 5 years in South Korea market
7. Average B-2-B South Korea market price in all segments
8. Latest trends in South Korea market, by every market segment
9. The market size (both volume and value) of the South Korea market in 2023-2030 and every year in between?
10. Production breakup of South Korea market, by suppliers and their OEM relationship