Product Code: ETC048139 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia optical stores market is expected to grow at a CAGR of 7.1% during the forecast period 2025-2031. The increasing demand for eyewear, especially in urban areas, and rising focus on providing quality eye care services are some of the major drivers boosting the growth of this market. Moreover, technological advancements such as advanced lenses, automated machines that offer better vision correction solutions and attractive offers from online platforms are likely to create lucrative opportunities for this market over the forecast period.
The increasing demand for eyewear in both genders is one of the key factors driving growth of optical store markets in Saudi Arabia. Moreover, growing awareness about eye health among people has led them to opt regular check-ups and purchase corrective lenses or spectacles if required. This factor will further drive revenue generation by optical stores in this region over the forecast period. Growing Focus on Quality Eye Care Services - Optical stores have started focusing more on offering quality eye care services like glaucoma testing, cataract surgery etc., which has propelled their popularity among consumers seeking reliable products and service providers with reasonable pricing policies across different regions including Saudi Arabia. This factor will further aid market expansion over foreseeable future time frame.Technological Advancements ?? The development of new technologies such as advanced lenses and automatic machines that provide more precise vision correction solution are also contributing towards higher sales figures achieved by local players operating within these markets across different cities throughout country . Similarly, emergence innovative business models like subscription based offerings along with attractive discounts offered through online platform will help enhance user experience while buying products from retail outlets thereby aiding overall revenue generated from these segments.
High Cost Of Automated Machines And Advanced Lenses ?? Even though there is strong consumer demand for technologically improved products , cost associated with manufacturing such devices can be very high due to which it may not be feasible option small & medium sized businesses who operate within these markets across Kingdom making it difficult them maintain competitive edge against larger players which could hamper overall industry growth rate going forward into future years .
However, since COVID-19 pandemic outbreak worldwide, there has been slowdown witnessed within the industry due to disruption caused in supply chain activities as well as imposition of restrictions on movement across various parts of country. This could lead to significant decline revenue generation for players operating within this space over short term period.
Major key players operating withing the Saudi Arabia Optical Stores Market are Al Jabbar Optics Co., Ltd., Grand Optics Co., Essilor International S.A., Marrco Vision Care Group LLC , Carrefour Optic & Contact Lens Center (TYO), Andorra Ophthalmological Center , Aljammaz Eye Clinic and Retail Store.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Optical Stores Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Optical Stores Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Optical Stores Market - Industry Life Cycle |
3.4 Saudi Arabia Optical Stores Market - Porter's Five Forces |
3.5 Saudi Arabia Optical Stores Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Saudi Arabia Optical Stores Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Saudi Arabia Optical Stores Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Optical Stores Market Trends |
6 Saudi Arabia Optical Stores Market, By Types |
6.1 Saudi Arabia Optical Stores Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Optical Stores Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Saudi Arabia Optical Stores Market Revenues & Volume, By Contact Lenses, 2021-2031F |
6.1.4 Saudi Arabia Optical Stores Market Revenues & Volume, By Spectacles, 2021-2031F |
6.1.5 Saudi Arabia Optical Stores Market Revenues & Volume, By Sunglasses, 2021-2031F |
6.2 Saudi Arabia Optical Stores Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Optical Stores Market Revenues & Volume, By E-Commerce, 2021-2031F |
6.2.3 Saudi Arabia Optical Stores Market Revenues & Volume, By Brick & Mortar, 2021-2031F |
7 Saudi Arabia Optical Stores Market Import-Export Trade Statistics |
7.1 Saudi Arabia Optical Stores Market Export to Major Countries |
7.2 Saudi Arabia Optical Stores Market Imports from Major Countries |
8 Saudi Arabia Optical Stores Market Key Performance Indicators |
9 Saudi Arabia Optical Stores Market - Opportunity Assessment |
9.1 Saudi Arabia Optical Stores Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Saudi Arabia Optical Stores Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Saudi Arabia Optical Stores Market - Competitive Landscape |
10.1 Saudi Arabia Optical Stores Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Optical Stores Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |