Posted On: 2021-12-14
Spectacles acquired the largest market revenue share in the Cambodia eyewear market – 6Wresearch
Cambodia eyewear market experienced a downfall in the year 2020 owing to the outbreak of covid-19 and subsequent steps taken by the authorities to contain the spread of the virus which in turn resulted in economic slowdown led by low tourist arrivals and significant reduction in import of eyewear from countries such as China and Japan. As a result of economic slowdown in the country, personal disposable income was severely affected which further altered consumer spending behavior restraining the demand for eyewear in the country.
According to 6Wresearch, Cambodia Eyewear Market size is projected to grow at a CAGR of 4.2% during 2021-27. Cambodia eyewear market is at the early growth stage, considering the increase in demand on the back of rising awareness regarding vision care in the country. With rising urbanization in the country, the network of transportation, health centres as well as retail market is expected to expand which would further increase the accessibility of eyewear products in Cambodia.
According to Arjun Khurana, Research Associate, 6Wresearch, “By End-users, Women eyewear accounted for a major share in Cambodia eyewear market revenues in 2020 and are expected to retain its dominant position over the coming years as well on account of higher proportion of women in the overall population of the country and higher spending on apparels and accessories by women. Further, by end-users, Mekong Lowlands region acquired highest share in Cambodia eyewear market revenues in 2020 and is expected to retain it’s dominant position over the coming years as well on account of a large urbran population present in the region.”
Some of the major companies in Cambodia data center market include Luxxotica Group S.p.A, Safilo Group S.p.A and Owndays.
“Cambodia eyewear market (2021-2027)” report provides an in-depth analysis with 18 figures and 04 tables, covered in 68 pages. The report estimates and forecast the overall Cambodia eyewear market by end-users, products, distribution channels and regions. The report provides an unbiased and detailed analysis of the on-going 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.