Market Forecast By Product (Spectacles, Sunglasses, Contact Lenses & Others), By End-user (Male, Female, Unisex), By Distribution Channels (Online, Offline), and competitive landscape
Product Code: ETC003456 | Publication Date: Aug 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Nigeria Eyewear Market is anticipated to register proliferation in the coming time zone. On the basis of distribution channels, online distribution channels are expected to garner the highest revenues in the overall Nigeria eyewear market backed by the rising access to e-commerce sites along with a boom in online optical portals which has further, lead to a decline in the physical optical shops. Also, a spur in the home services such as home eye testing, free trial of products, and delivery of the finished product at home is instigating many consumers to shift towards online shopping methods and would assist the Nigeria eyewear market witness potential growth in the coming years.
Nigeria Eyewear market is expected to register potential growth during the forecast period 2020-26F on the back of increase rising consumer consciousness regarding the image and style of eyewear products along with an increase in the middle-class population which is leading to increased consumer spending on fashion statements and would proliferate potential demand projections for eyewear products in Nigeria in the coming years. Moreover, rising concerns for quality products for vision correction coupled with rising brand consciousness amongst consumers are likely to benefit the growth of the Nigerian eyewear market.
According to 6Wresearch, Nigeria Eyewear Market is anticipated to witness growth during the forecast period 2020-26F. However, the spread of COVID-19 is expected to contribute to the decline of the Nigerian eyewear market on the back of disturbances in the supply chain and the discontinuation of production. Moreover, consequent disruptions in the operations in the lockdown period in the country are likely to dip the sales revenue for many of the top eyewear brands in the near term and significantly contribute towards the slow growth of Nigeria eyewear market in the coming years. However, with an increase in the digitalization backed by the spread of the COVID-19 virus and the world going online for many of their tasks, the use of electronic devices is expected to increase and would raise significant demand for anti-reflection eyewear products to ensure increased use of electronic devices safely.
On the basis of product, sunglasses are anticipated to dominate the revenue share in the overall market in the coming years owing to rising fashion statements amongst the young population in the country coupled with changing climatic conditions due to which they need for eye protection is rising. Further, the introduction of various trends in sunglasses is drawing the attention of the millennial population towards the adoption of sunglasses and would proliferate the growth of the US eyewear market in the upcoming six years.
The Nigeria Eyewear report thoroughly covers the market by End-user, Product, and by Distribution Channels. Nigeria Eyewear outlook report provides an unbiased and detailed analysis of the ongoing Nigeria Eyewear trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The Nigeria Eyewear Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Nigeria Eyewear Market Overview |
3.1. Nigeria Eyewear Market Revenues, 2016-2026F |
3.2. Nigeria Eyewear Market Revenue Share, By End-users, 2019 & 2026F |
3.3. Nigeria Eyewear Market Revenue Share, By-Products, 2019 & 2026F |
3.4. Nigeria Eyewear Market Revenue Share, By Distribution Channels, 2019 & 2026F |
3.5. Nigeria Eyewear Market Revenue Share, By Regions, 2019 & 2026F |
3.6. Nigeria Eyewear Market Industry Life Cycle |
3.7. Nigeria Eyewear Market- Porter’s Five Forces |
4. Nigeria Eyewear Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Nigeria Eyewear Market Trends |
6. Nigeria Eyewear Market Overview, By End-users |
6.1. Nigeria Eyewear Market Revenues, By Men, 2016-2026F |
6.2. Nigeria Eyewear Market Revenues, By Women, 2016-2026F |
6.3. Nigeria Eyewear Market Revenues, By Unisex, 2016-2026F |
7. Nigeria Eyewear Market Overview, By-Products |
7.1. Nigeria Eyewear Market Revenues, By Sunglasses, 2016-2026F |
7.2. Nigeria Eyewear Market Revenues, By Spectacles, 2016-2026F |
7.3. Nigeria Eyewear Market Revenues, By Contact Lenses, 2016-2026F |
7.4. Nigeria Eyewear Market Revenues, By Others, 2016-2026F |
8. Nigeria Eyewear Market Overview, By Distribution Channels |
8.1. Nigeria Eyewear Market Revenues, By Online, 2016-2026F |
8.2. Nigeria Eyewear Market Revenues, By Offline, 2016-2026F |
9. Nigeria Eyewear Market Overview, By Region |
9.1. Nigeria Eyewear Market Revenues, By Region, 2016-2026F |
10. Nigeria Eyewear Market Key Performance Indicators |
11. Nigeria Eyewear Market Opportunity Assessment |
11.1. Nigeria Eyewear Market, Opportunity Assessment, By Product, 2025F |
11.2. Nigeria Eyewear Market, Opportunity Assessment, By Region, 2025F |
12. Nigeria Eyewear Market Competitive Landscape |
12.1. Nigeria Eyewear Market Competitive Benchmarking, By Product |
12.2. Nigeria Eyewear Market Revenue Share, By Company, 2019 |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |