VLEG/GBD data shows that about 95 million people in Southeast Asia will suffer from visual impairment in 2020, and vision problems have led to a significant increase in demand for functional eyewear in Southeast Asia, with the Southeast Asian eyewear market generating revenues of about US$3 billion in 2021. Taking Singapore as an example, Singapore has one of the highest myopia rates in the world, with over 70% of young students being nearsighted, and about 38.8 million eyewear products are expected to flood into the Singapore market by 2025.

With the economic development of Southeast Asian countries and the improvement of living standards of residents, the demand for accessory eyewear is gradually growing.

Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of over 600 million by the end of 2021, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.

According to CRI’s analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$73,000 in 2021. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2021. The population and minimum wage levels of each country also vary greatly. Brunei, which has the smallest population, will have a total population of less than 500,000 people in 2021, while Indonesia, which has the largest population, will have a population of about 275 million people in 2021.

CRI expects the eyewear industry in Southeast Asia to maintain growth from 2023-2032. On the one hand, the low cost of labor and land in Southeast Asia attracts global eyewear manufacturers to shift their production capacity to the region. On the other hand, with the population growth and economic development in Southeast Asia, the size of Southeast Asian eyewear market will continue to rise, promoting the development of Southeast Asian eyewear industry.

Topics covered:

• Southeast Asia Eyewear Industry Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on Southeast Asia Eyewear Industry?
• Which Companies are the Major Players in Southeast Asia Eyewear Industry Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in Southeast Asia Eyewear Industry
• What are the Key Drivers, Challenges, and Opportunities for Southeast Asia Eyewear Industry during 2023-2032?
• What is the Expected Revenue of Southeast Asia Eyewear Industry during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in Southeast Asia Eyewear Industry Market?
• Which Segment of Southeast Asia Eyewear Industry is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing Southeast Asia Eyewear Industry?

Table of Contents

1 Analysis of the Eyewear Industry in Singapore

1.1 Singapore’s Eyewear Industry Development Environment

1.1.1 Geography

1.1.2 Population

1.1.3 Economy

1.1.4 Minimum Wage in Singapore

1.2 Singapore Eyewear Industry Operation Status 2018-2022

1.2.1 Production Status of Singapore Eyewear Industry

1.2.2 Singapore Eyewear Industry Sales Status

1.2.3 Singapore Eyewear Industry Import and Export Status

1.3 Analysis of Major Eyewear Production and Trading Companies in Singapore

2 Thailand Eyewear Industry Analysis

2.1 Development Environment of Thailand Eyeglasses Industry

2.1.1 Geography

2.1.2 Population

2.1.3 Economy

2.1.4 Minimum Wage in Thailand

2.2 Thailand Eyewear Industry Operation Status 2018-2022

2.2.1 Thailand Eyewear Industry Production Status

2.2.2 Thailand Eyewear Industry Sales Status

2.2.3 Thailand Eyewear Industry Import and Export Status

2.3 Major Eyewear Production and Trading Companies in Thailand

3 Analysis of the Philippine Eyewear Industry

3.1 Development Environment of Philippine Eyeglasses Industry

3.1.1 Geography

3.1.2 Population

3.1.3 Economy

3.1.4 Minimum Wage in the Philippines

3.2 Philippine Eyewear Industry Operation Status 2018-2022

3.2.1 Production Status of Eyewear Industry in the Philippines

3.2.2 Sales Status of Philippines Optical Industry

3.2.3 Philippine Eyeglasses Industry Import and Export Status

3.3 Major Eyewear Manufacturing and Trading Companies in Philippines

4 Malaysia Eyewear Industry Analysis

4.1 Malaysia Eyewear Industry Development Environment

4.1.1 Geography

4.1.2 Population

4.1.3 Economy

4.1.4 Minimum Wage in Malaysia

4.2 Malaysia Eyewear Industry Operation Status 2018-2022

4.2.1 Malaysia Eyewear Industry Production Status

4.2.2 Malaysia Eyewear Industry Sales Status

4.2.3 Malaysia Eyewear Industry Import and Export Status

4.3 Major Eyewear Production and Trading Companies in Malaysia

5 Indonesia Eyewear Industry Analysis

5.1 Development Environment of Indonesia Eyeglasses Industry

5.1.1 Geography

5.1.2 Population

5.1.3 Economy

5.1.4 Minimum Wage in Indonesia

5.2 Indonesia Eyewear Industry Operation Status 2018-2022

5.2.1 Indonesia Eyewear Industry Production Status

5.2.2 Indonesia Eyewear Industry Sales Status

5.2.3 Indonesia Eyewear Industry Import and Export Status

5.3 Major Eyewear Production and Trading Companies in Indonesia

6 Vietnam Eyewear Industry Analysis

6.1 Development Environment of Vietnam’s Eyewear Industry

6.1.1 Geography

6.1.2 Population

6.1.3 Economy

6.1.4 Minimum Wage in Vietnam

6.2 Operation of the Eyewear Industry in Vietnam 2018-2022

6.2.1 Production Status of Vietnam Eyewear Industry

6.2.2 Sales Status of Vietnam Eyewear Industry

6.2.3 Import and Export Status of Vietnam Eyewear Industry

6.3 Major Eyewear Production and Trading Enterprises in Vietnam

7 Myanmar Eyewear Industry Analysis

7.1 Development Environment of Myanmar Eyeglasses Industry

7.1.1 Geography

7.1.2 Population

7.1.3 Economy

7.1.4 Myanmar Minimum Wage

7.2 Myanmar Eyewear Industry Operation Status 2018-2022

7.2.1 Myanmar Eyewear Industry Production Status

7.2.2 Myanmar Eyewear Industry Sales Status

7.2.3 Myanmar Eyewear Industry Import and Export Status

7.3 Myanmar Major Eyewear Production and Trading Companies

8 Analysis of Brunei’s Eyewear Industry

8.1 Development Environment of Brunei Optical Industry

8.1.1 Geography

8.1.2 Population

8.1.3 Economy

8.1.4 Brunei Minimum Wage

8.2 Brunei Eyewear Industry Operation 2018-2022

8.2.1 Brunei Eyewear Industry Production Status

8.2.2 Brunei Eyewear Industry Sales Status

8.2.3 Brunei Eyewear Industry Import and Export Status

8.3 Brunei’s Major Eyewear Production and Trading Enterprises

9 Laos Eyewear Industry Analysis 

9.1 Development Environment of Laos Eyewear Industry

9.1.1 Geography

9.1.2 Population

9.1.3 Economy

9.1.4 Minimum Wage in Laos

9.2 Operating Conditions of the Eyewear Industry in Laos 2018-2022

9.2.1 Production Status of the Eyewear Industry in Laos

9.2.2 Laos Eyewear Industry Sales Status

9.2.3 Import and Export Status of Laos Eyewear Industry

9.3 Major Eyewear Production and Trading Enterprises in Laos

10 Cambodia Eyewear Industry Analysis

10.1 Development Environment of Cambodian Eyewear Industry

10.1.1 Geography

10.1.2 Population

10.1.3 Economy

10.1.4 Minimum Wage in Cambodia

10.2 2018-2022 Cambodia Eyewear Industry Operation Situation

10.2.1 Production Status of Cambodian Eyewear Industry

10.2.2 Cambodia Eyewear Industry Sales Status

10.2.3 Cambodia Eyewear Industry Import and Export Status

10.3 Cambodia’s Major Eyewear Production and Trading Companies

11 2023-2032 Southeast Asia Eyewear Industry Outlook

11.1 Analysis of Factors Affecting the Development of Southeast Asia Eyewear Industry

11.1.1 Favorable Factors

11.1.2 Unfavorable Factors

11.2 Southeast Asia Eyewear Industry Supply Forecast 2023-2032

11.3 Southeast Asia Eyewear Industry Manufacturing Market Demand Forecast 2023-2032

11.4 Impact of COVID -19 Epidemic on Eyewear Industry

The post Research Report on Southeast Asia Eyewear Industry 2023-2032 first appeared on CRI Report.

Product Overview
Eyewear is a set of accessories worn over the eyes to correct vision or shield them from debris, harmful radiation, or too much light. Spectacles, goggles, and sunglasses are used to correct vision or shield the eyes from harmful UV rays and dust particles. Increased life expectancy, a rising geriatric population, and changing fashion trends have all fueled global demand for eyewear. In today’s world, people don’t only wear eyewear for vision correction; they even wear it to enhance their appearance. Because of technological advances and the availability of lightweight materials, several industry players sell innovative spectacles and lenses.

Market Highlights
Global Eyewear is expected to project a notable CAGR of 9.9% in 2030.
Global Eyewear to surpass USD XXXX million by 2030 from USD XXXX million in 2020 at a CAGR of 9.9% in the coming years, i.e., 2021-30. This growth is projected due to the rising popularity of fast fashion among millennials which is encouraging eyewear manufacturers to design affordable and attractive eyewear. The growth of online stores is also propelling the selling of Eyewear. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution to the development of the global Eyewear industry.

Global Eyewear: Segments
Spectacles segment to grow with the highest CAGR during 2021-30
Global Eyewear is segmented by product type into Contact lenses, Spectacles, Sunglasses, and others. Spectacles segment held the largest market share of XX.X% in the year 2020. This is due to the widespread use of cell phones and digital displays, which has resulted in an increase in the prevalence of computer vision syndrome (CVS) in recent years. Children developing CVS as a result of the increasing prevalence of online learning has prompted the adoption of anti-fatigue and anti-glare glasses. Recent trends, such as the increasing popularity of transparent eyeglasses and vivid translucent frames, have also boosted the overall demand for spectacles.

Brick & Mortar segment to grow with the highest CAGR during 2021-30
Global Eyewear is segmented by distribution channel into E-commerce and brick and mortar. Over the forecast period, the brick-and-mortar distribution channel is projected to expand at the fastest pace. Due to the introduction of lockdowns in many countries, which limited the sales of brick and mortar stores, the revenue share has decreased marginally from previous years. However, the general pattern of having one’s eye power tested by an optometrist and then purchasing glasses from a store is expected to continue in the coming years.

Market Dynamics
Drivers
Increasing living standards and dependence on digital technology
Increased demand for eyewear has resulted from increasing visual impairment and the need for vision correction. The younger generation is predominantly dependent on digital devices, spending the bulk of their time on cell phones, desktop computers, and video games. People have been motivated to purchase quality eyewear items that are in perfect keeping with their rising living standards as their disposable income has increased. Furthermore, people are now opting for fashionable and designer sunglasses in line with current market trends. Young people tend to use contact lenses to improve their overall look. As a result, growing living standards and heightened fashion awareness would lead to the growth of the eyewear industry, positively influencing the market growth.

Partnerships and initiatives for quality eye care
In order to minimize eye-related problems, deliberate attempts are now being made to standardize medical and vision care services in rural areas. Various states, in conjunction with various organizations, are introducing initiatives to provide quality eye care to the rural population. Rural residents would benefit from accessible healthcare and eye care services if such measures were introduced. As a result of these partnerships with various organizations, the eyewear market is expected to expand.

Restraints
Changing fashion trends as well as consumer tastes
Changing fashion trends, as well as a constant change in customer tastes and expectations, have resulted in increasing prices for the Eyewear market over time. As a result, rising production costs for the market are having a negative effect on the global Eyewear industry.

Global Eyewear: Key Players
Carl Zeiss AG

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Safilo Group S.p.A.
GrandVision
Alcon Vision LLC
Johnson & Johnson Vision Care, Inc.
Marcolin SpA
Marchon Eyewear Inc.
De Rigo Vision S.p.A.
Essilor International
Other Prominent Players
Global Eyewear: Regions
Global Eyewear is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Eyewear in Europe held the largest market share of XX.X% in the year 2020 in terms of revenue. People in the area, which is known for its fashion, are increasingly wearing eyewear as a fashion accessory, such as colored contact lenses, sunglasses, and frames. Furthermore, the existence of many fashion brands in the area ensures that healthy competition is preserved by providing reasonable prices on their products. In EU-regulated countries, eyewear and sunglasses fall under the category of personal protective equipment (PPE), making it mandatory for manufacturers to meet the directives, this helps to monitor the market and ensures that eyewear companies have steady and safe growth opportunities.

Global Eyewear is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Eyewear report also contains analysis on:
Eyewear Segments:

By Product Type
Contact lenses
Spectacles
Sunglasses
Others
By Distribution Channel
E-commerce
Brick and mortar
Eyewear Dynamics
Eyewear Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints

The post Global Eyewear Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030 first appeared on CRI Report.