Sunglasses in
Country Report
Executive Summary
Jul 2019PROSPECTS
Sunglasses develop as a daily, fashionable item
Sunglasses develop in diverse forms and, in 2018 and 2019, tinted sunglasses were popular as a daily fashion items. Sunglasses with 50% and above tint are a commonly used type of lens that is barely transparent and normally used for outdoor protection.
Domestic retailing of sunglasses heavily affected by duty free
The major retail channels for sunglasses are department stores and optical stores. However, as the travel industry grows, the duty-free channel is affecting sunglasses sold in the domestic market.
Increasing leisure time opens up more opportunities for sunglasses
The South Korean government has reduced employees’ permitted number of weekly working hours. As consumers are thus enjoying more leisure time, it is likely that spending time on sporting and outdoor activities will increase.
COMPETITIVE LANDSCAPE
iicombined Co Ltd leads sunglasses in 2018
Although global manufacturers such as Luxottica might offer a wider range of brands, iicombined Co Ltd managed to maintain its lead in sunglasses in 2018. The company’s brand, Gentle Monster, has become a global giant brand in sunglasses.
International brands facing risks in the local market
Global sunglasses manufacturers like Luxottica and Vision Service Plan Global rank in the top three manufacturers in South Korea. However, there is a parallel import issue.
Share of “others” offers growth potential
International brand owners with disappointing revenue figures are withdrawing from South Korea. Local distributors are enjoying the benefits of this by acquiring the distribution rights from the subsidiaries of global companies that are leaving the country.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Sunglasses industry in South Korea with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Sunglasses industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.
The Sunglasses in South Korea market research report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
- Do spectacle frames create more sales than spectacle lenses in South Korea?
- Which type of spectacles do we spend more on – men’s, women’s or children’s?
- How are independent opticians coping with the emergence of health and beauty multiples?
Why buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This industry report originates from Passport, our sunglasses market research database.
Sunglasses in South Korea - Category analysis
HEADLINES
PROSPECTS
Sunglasses develop as a daily, fashionable item
Domestic retailing of sunglasses heavily affected by duty free
Increasing leisure time opens up more opportunities for sunglasses
COMPETITIVE LANDSCAPE
iicombined Co Ltd leads sunglasses in 2018
International brands facing risks in the local market
Share of “others” offers growth potential
CATEGORY DATA
Table 1 Sales of Sunglasses: Volume 2014-2019Table 2 Sales of Sunglasses: Value 2014-2019
Table 3 Sales of Sunglasses: % Volume Growth 2014-2019
Table 4 Sales of Sunglasses: % Value Growth 2014-2019
Table 5 NBO Company Shares of Sunglasses: % Value 2014-2018
Table 6 LBN Brand Shares of Sunglasses: % Value 2015-2018
Table 7 Distribution of Sunglasses by Format: % Value 2014-2019
Table 8 Forecast Sales of Sunglasses: Volume 2019-2024
Table 9 Forecast Sales of Sunglasses: Value 2019-2024
Table 10 Forecast Sales of Sunglasses: % Volume Growth 2019-2024
Table 11 Forecast Sales of Sunglasses: % Value Growth 2019-2024
Eyewear in South Korea - Industry Overview
EXECUTIVE SUMMARY
Eyewear posts moderate growth despite mature market environment
Spectacles ensures that the overall eyewear market continues to record positive growth
Chemiglas Corp continues to lead relatively concentrated eyewear in 2018
Eyewear distribution remains the same but has potential to change
Eyewear expected to show steady growth over the forecast period
MARKET DATA
Table 12 Sales of Eyewear by Category: Volume 2014-2019Table 13 Sales of Eyewear by Category: Value 2014-2019
Table 14 Sales of Eyewear by Category: % Volume Growth 2014-2019
Table 15 Sales of Eyewear by Category: % Value Growth 2014-2019
Table 16 NBO Company Shares of Eyewear: % Value 2014-2018
Table 17 LBN Brand Shares of Eyewear: % Value 2015-2018
Table 18 Distribution of Eyewear by Format: % Value 2014-2019
Table 19 Forecast Sales of Eyewear by Category: Volume 2019-2024
Table 20 Forecast Sales of Eyewear by Category: Value 2019-2024
Table 21 Forecast Sales of Eyewear by Category: % Volume Growth 2019-2024
Table 22 Forecast Sales of Eyewear by Category: % Value Growth 2019-2024
DEFINITIONS
SOURCES
Summary 1 Research SourcesRelated Reports
- Eyewear in Taiwan | Aug 2019
- Eyewear in Germany | Aug 2019
- Eyewear in Japan | Aug 2019
- Eyewear in India | Aug 2019
- Eyewear in Poland | Aug 2019