South Korea Sunglasses Market Size & Outlook, 2023-2030
South Korea sunglasses market, 2018-2030 (US$M)
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South Korea sunglasses market highlights
- The South Korea sunglasses market generated a revenue of USD 761.6 million in 2023 and is expected to reach USD 1,217.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, non-polarized was the largest revenue generating product in 2023.
- Polarized is the most lucrative product segment registering the fastest growth during the forecast period.
Sunglasses market data book summary
| Market revenue in 2023 | USD 761.6 million |
| Market revenue in 2030 | USD 1,217.0 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Non-polarized |
| Fastest growing segment | Polarized |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polarized, Non-Polarized |
| Key market players worldwide | Essilorluxottica, Safilo Group SpA Az nom Post raggruppamento, Kering SA, Revolve Group Inc Class A, Fielmann Group AG, Lvmh Moet Hennessy Louis Vuitton SE, De Rigo SpA, Charmant, State Optical Co, Marcolin |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.2% of the global sunglasses market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China sunglasses market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,035.9 million by 2030.
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Sunglasses Market Scope
Sunglasses Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea sunglasses market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sunglasses market will help companies and investors design strategic landscapes.
Non-polarized was the largest segment with a revenue share of 78.9% in 2023. Horizon Databook has segmented the South Korea sunglasses market based on polarized, non-polarized covering the revenue growth of each sub-segment from 2018 to 2030.
Local market players are introducing various sunglasses, ranging from different styles and shapes to multiple materials and color options. This diversity caters to consumers' varied preferences, allowing them to choose sunglasses that match their style and needs.
In April 2023, Gentle Monster, a South Korean eyewear brand, introduced new eyewear designs for its "BOLD" collection, tailored for the upcoming spring and summer seasons. This collection comprises an array of striking designs, including oversized frames, distinctive shapes, and unique color blends.
In addition, the popularity of Korean-designed sunglasses has increased in recent years. Korean pop culture, often called "K-pop," has garnered a massive international following. Along with K-pop music, Korean movies and TV dramas have become global sensations.
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Our clientele includes a mix of sunglasses market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea sunglasses market , including forecasts for subscribers. This country databook contains high-level insights into South Korea sunglasses market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea sunglasses market size, by product, 2018-2030 (US$M)
South Korea Sunglasses Market Outlook Share, 2023 & 2030 (US$M)
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