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Luxury Eyewear in South Korea

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    Report

  • 21 Pages
  • January 2021
  • Region: South Korea
  • Euromonitor International
  • ID: 4015338
With the considerable impact of COVID-19 on consumers’ ability to travel, demand for luxury sunglasses slumped in 2020. Limits to overseas travel benefited demand for local sunglasses, because sunglasses are one of the items consumers tend to purchase in duty-free shops. However, with duty-free not being an option due to travel restrictions and lockdowns in other countries, consumers turned to local retailers instead.

The Luxury Eyewear in South Korea report offers a comprehensive guide to the size and shape of the Luxury Eyewear market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Eyewear retailing along with the development of consumers’ shopping patterns. Forecasts to 2025 illustrate how the market is set to change

Product coverage: Luxury Spectacle Frames, Luxury Sun Glasses.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Luxury Eyewear market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

KEY DATA FINDINGS
2020 IMPACT
  • Travel restrictions hit growth of luxury sunglasses
  • Weather conditions also a factor, WFH boosts spectacle frames
  • Duty-free shops able to reach consumers through alternative channels

RECOVERY AND OPPORTUNITIES
  • Sunglasses set to recover as travel resumes post-pandemic
  • No sign global merger of Luxottica and Essilor to be replicated in Korea
  • Players launch their own TV homeshopping channels

CATEGORY DATA
  • Table 1 Sales of Luxury Eyewear by Category: Value 2015-2020
  • Table 2 Sales of Luxury Eyewear by Category: % Value Growth 2015-2020
  • Table 3 NBO Company Shares of Luxury Eyewear: % Value 2015-2019
  • Table 4 LBN Brand Shares of Luxury Eyewear: % Value 2016-2019
  • Table 5 Distribution of Luxury Eyewear by Format: % Value 2015-2020
  • Table 6 Forecast Sales of Luxury Eyewear by Category: Value 2020-2025
  • Table 7 Forecast Sales of Luxury Eyewear by Category: % Value Growth 2020-2025

EXECUTIVE SUMMARY
  • COVID-19 impact on luxury goods
  • COVID-19 country impact
  • Company response
  • Retailing shift
  • What next for luxury goods?

MARKET INDICATORS
  • Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA
  • Table 9 Sales of Luxury Goods by Category: Value 2015-2020
  • Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
  • Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
  • Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
  • Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
  • Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
  • Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
  • Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

DISCLAIMERGLOBAL MACROECONOMIC ENVIRONMENTGLOBAL INDUSTRY ENVIRONMENT
SOURCES
  • Summary 1 Research Sources