Market Forecast By Product (Spectacles, Sunglasses, Contact Lenses & Others), By End-user (Male, Female, Unisex), By Distribution Channels (Online, Offline) and by the competitive landscape
|Product Code: ETC003432
|Publication Date: Mar 2023
|Product Type: Report
|No. of Pages: 70
|No. of Figures: 35
|No. of Tables: 5
Thailand Eyewear Market is anticipated to grow due to a number of key aspects. The leading companies have been expanding their operations in Thailand through partnerships and acquisitions to capitalize on the growing demand for eyewear. Moreover, the market is being driven by an ageing population, rapid urbanization, and the growing popularity of fashion eyewear. The growth of online sales of eyewear in Thailand is increasing with many established and new players entering the market. The expansion of global brands in Thailand, with the opening of some new stores and others partnering with local retailers, is another major factor propelling the market development.
Moreover, consumers are becoming more environmentally conscious which leads to an increased focus on sustainability in the Thailand eyewear industry. Furthermore, the government has been supporting the industry by providing incentives to local manufacturers and investing in research and development activities.
Thailand Eyewear Market is expected to register growth during the forecast period 2020-26F on the back of increasing instances of vision disorders which is leading to increased adoption of eyeglasses. Moreover, the rising adoption of eyewear products as fashion accessories is further, anticipated to boost the growth of the Thailand eyewear market in the coming years. The launch of eye-friendly contact lenses that provide comfort and freedom to carry out day-long activities coupled with an increase in the geriatric population with age-related eye vision problems are expected to drive considerable demand projections for eyewear products in Thailand in the upcoming six years.
According to 6Wresearch, Thailand Eyewear Market is anticipated to witness growth during the forecast period 2020-2026F. However, the spread of COVID-19 is expected to contribute towards the decline of the Thailand eyewear market on the back of disturbances in the supply chain and discontinuation of production. Moreover, consequent disruptions in the operations during 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 Thailand eyewear market in the coming years.
On the basis of product, the spectacles domain of the Thailand eyewear market is anticipated to dominate the revenue share in the overall market in the coming years owing to rising vision-related issues in the country coupled with the increased use of laptops and PCs which is initiating the adoption of UV protected lens to ensure eye safety while working over laptops and PCs. Moreover, sunglasses are expected to register the second-highest growth rate in the overall Thailand eyewear market in the upcoming six years on the back of rising fashion trends and concerns regarding eye protection against harmful rays of the sun and is anticipated to proliferate the market growth of Thailand eyewear market in the coming years.
The Thailand Eyewear report thoroughly covers the market by End-user, Product and by Distribution Channels. Thailand Eyewear outlook report provides an unbiased and detailed analysis of the ongoing Thailand 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.
An increase in the adoption of luxury eyewear products in the country coupled with advancements in optometry. Further, the rising use of sunglasses as a fashion trend along with the rising inclination of the youth towards premium and luxurious fashion accessories is, further anticipated to trigger the eyewear market growth in Thailand during the projected period 2020-26F. Moreover, the easy availability and affordable cost of eyewear lenses are anticipated to spur the growth of the eyewear market in Thailand in the coming years. On the basis of product, contact lenses are anticipated to register the highest growth in the overall Thailand eyewear market backed by comfort and curiosity amongst the people to get rid of spectacles. Moreover, the high use of soft contact lenses by sportspersons as contact lenses tend to provide greater freedom and comfort to perform strenuous activities. Additionally, sunglasses are expected to register the second highest growth followed by contact lenses owing to an increase in fashion statements by the Asian population.
The Thailand Eyewear Market report provides a detailed analysis of the following market segments:
|1. Executive Summary
|2.1. Report Description
|2.2. Key Highlights of The Report
|2.3. Market Scope & Segmentation
|2.4. Research Methodology
|3. Thailand Eyewear Market Overview
|3.1. Thailand Eyewear Market Revenues, 2016-2026F
|3.2. Thailand Eyewear Market Revenue Share, By End-users, 2019 & 2026F
|3.3. Thailand Eyewear Market Revenue Share, By Products, 2019 & 2026F
|3.4. Thailand Eyewear Market Revenue Share, By Distribution Channels, 2019 & 2026F
|3.5. Thailand Eyewear Market Revenue Share, By Regions, 2019 & 2026F
|3.6. Thailand Eyewear Market Industry Life Cycle
|3.7. Thailand Eyewear Market- Porter’s Five Forces
|4. Thailand Eyewear Market Dynamics
|4.1. Impact Analysis
|4.2. Market Drivers
|4.3. Market Restraints
|5. Thailand Eyewear Market Trends
|6. Thailand Eyewear Market Overview, By End-Users
|6.1. Thailand Eyewear Market Revenues, By Men, 2016-2026F
|6.2. Thailand Eyewear Market Revenues, By Women, 2016-2026F
|6.3. Thailand Eyewear Market Revenues, By Unisex, 2016-2026F
|7. Thailand Eyewear Market Overview, By-Products
|7.1. Thailand Eyewear Market Revenues, By Sunglasses, 2016-2026F
|7.2. Thailand Eyewear Market Revenues, By Spectacles, 2016-2026F
|7.3. Thailand Eyewear Market Revenues, By Contact Lenses, 2016-2026F
|7.4. Thailand Eyewear Market Revenues, By Others, 2016-2026F
|8. Thailand Eyewear Market Overview, By Distribution Channels
|8.1. Thailand Eyewear Market Revenues, By Online, 2016-2026F
|8.2. Thailand Eyewear Market Revenues, By Offline, 2016-2026F
|9. Thailand Eyewear Market Overview, By Region
|9.1. Thailand Eyewear Market Revenues, By Region, 2016-2026F
|10. Thailand Eyewear Market Key Performance Indicators
|11. Thailand Eyewear Market Opportunity Assessment
|11.1. Thailand Eyewear Market, Opportunity Assessment, By Product, 2025F
|11.2. Thailand Eyewear Market, Opportunity Assessment, By Region, 2025F
|12. Thailand Eyewear Market Competitive Landscape
|12.1. Thailand Eyewear Market Competitive Benchmarking, By Product
|12.2. Thailand Eyewear Market Revenue Share, By Company, 2019
|13. Company Profiles
|14. Key Strategic Recommendations