Market Forecast By Product Type (Prescription glasses/spectacles, Sunglasses, Contact lenses), By Mode of Sale (Retail stores, Online stores), By End User (Men, Women) And Competitive Landscape
Product Code: ETC369644 | Publication Date: Aug 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Bahrain Eyewear market currently, in 2023, has witnessed an HHI of 3932, Which has increased slightly as compared to the HHI of 3815 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Bahrain Eyewear Market |
Forecast period | 2025-2031 |
CAGR | 5.9% |
Growing Sector | Healthcare |
The Bahrain Eyewear Market Report thoroughly covers the market by Product Type, Mode of Sale and End User. The Bahrain Eyewear Market Outlook report provides an unbiased and detailed analysis of the ongoing Bahrain Eyewear Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
Bahrain Eyewear Market is set to grow at an unprecedented rate on account of the rise awareness of eye health. In addition, the increase in disposable income of Bahrain's consumers is strengthening market growth. The top players are constantly performing R&D to cater various demands of the customers and broadening their distribution network. Moreover, evolution of technology in eyewear is also fuelling the growth of the market. Overall, the Bahrain Eyewear Market offers significant growth and development opportunities.
According to 6Wresearch, the Bahrain Eyewear Market is projected to grow at a CAGR of 5.9% during 2025-2031. One of the key drivers of the Bahrain Eyewear Market is the rising awareness regarding eye health and increasing incidence of vision related problems which has encouraged people to adopt corrective eyewear solutions. In addition, influence of fashion trends and increasing consumer inclination towards fashionable branded eyewear have been instrumental in spurring the market. Furthermore, the rise in per capita income of Bahrain has allowed consumer to spend more on premium eyewear products, thereby leading the market growth. Moreover, the innovations in eyeglass technology like anti-reflective coatings & blue light filtering lenses have upgraded product offerings that keep consumers motivated to upgrade their choices.
However, the Bahrain Eyewear Market faces many challenges that hinder its growth. The main issue is the high level of competition from foreign brands which have penetrated deep into the country and offer stiff challenge to domestic players. In addition, economic variations reduce the purchasing power of consumers, making it hard for businesses to keep sales figures stable. A further challenge is the light-speed velocity at which eyewear design and materials technology evolves, thus requiring continual innovation. Moreover, changing customer trends preferring sustainable products is a challenge as organizations need to incorporate green initiatives when still being cost-competitive to cater these needs.
Bahrain has seen a significant increase in the demand for eyewear over the years. This can be attributed to several factors such as an aging population, changing lifestyle habits, and increased awareness about eye health.
One of the major trends observed in the Bahrain eyewear market is the growing preference for contact lenses. With advancements in technology and design, contact lenses have become more comfortable and convenient for daily wear. Additionally, with the rise of social media and selfie culture, people are increasingly opting for contact lenses to enhance their appearance and make a fashion statement.
Another trend that has emerged in recent years is the increasing popularity of online shopping for eyewear. E-commerce platforms offer a wide variety of options and competitive prices, making it a convenient option for customers. This trend has also been accelerated by the COVID-19 pandemic, as people are now more inclined towards online shopping for safety reasons.
The demand for designer and luxury eyewear brands has also seen a steady growth in Bahrain. This can be attributed to the rising disposable income of the population and their desire to own high-quality fashion accessories. Furthermore, with the emergence of new trendy styles and designs in eyewear, consumers are willing to spend more on branded products that offer both style and functionality.
The growing demand for eyewear in Bahrain presents a lucrative opportunity for investors looking to enter the market. A key factor that makes Bahrain an attractive investment destination is its stable political and economic environment, making it a relatively safe and secure market.
Investors can tap into the increasing market for contact lenses by partnering with leading manufacturers or distributors to offer a wide range of options to customers. Collaborating with renowned international brands can also help in establishing a strong presence and capturing a significant market share.
With online shopping becoming more popular, investing in e-commerce platforms or setting up an online retail store specifically for eyewear can be a profitable venture. This would require partnerships with local suppliers and manufacturers to ensure timely delivery and a diverse product range.
The demand for designer and luxury eyewear also presents an opportunity for investors to establish their own premium eyewear brands or partner with existing high-end brands. This would require significant investment in marketing and branding, but the potential for high returns is substantial.
Some of the major players operating in Bahrain Eyewear Market are Luxottica Group S.p.A., Safilo Group S.p.A, Marcolin Eyewear, and Carl Zeiss AG. These companies have a major presence in the Bahraini market and offer a wide range of eyewear products including sunglasses, prescription glasses, and contact lenses.
The Bahraini government has significantly influenced the growth of the Eyewear Market through strategic initiatives. One such initiative is lowering import tariffs on optical products, making it more cost effective for companies to transport high quality eyeglasses into the nation. In addition, the government actively backed domestic manufacturers by offering grants and subsidies to those investing in sophisticated optical technology, encouraging homegrown production and entrepreneurship. Furthermore, implementing rigorous quality benchmarks ensured not only consumer protection but also strengthened the reputation of eyewear crafted in Bahrain globally.
The Bahrain Eyewear Market is projected to expand substantially in the coming years. This growth is driven by the surge in the increase in awareness about optical health. In addition, rising disposable income of consumers in Bahrain have been fuelling market growth. The leading players are continually carrying out R&D to meet the diverse customer needs and expand their presence through a wide distribution network. Moreover, development in technology of eyewear is also contributing towards the growth of market. Overall, the future of the Bahrain Eyewear Market looks promising, with many opportunities for growth and development.
According to Ravi Bhandari, Research Head, 6Wresearch, the prescription glasses/spectacles segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to the growing prevalence of vision related problems among people and the increase in number of individuals requiring corrective eyewear.
Based on Mode of Sale, the retail stores segment is the leading segment in the industry and will continue to grow in the coming years. This can be attributed to the availability of many retail stores that stock a range of eyewear products and people wanting to try glasses on before buying them.
On the basis of End User, the women segment is the leading segment in the industry and will continue to grow in the coming years. This expansion is due to the rising knowledge about fashion and beauty trends, combined with more discretionary income in women.
The report offers a comprehensive study of the subsequent market segments:
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 Bahrain Eyewear Market Overview |
3.1 Bahrain Country Macro Economic Indicators |
3.2 Bahrain Eyewear Market Revenues & Volume, 2021 & 2031F |
3.3 Bahrain Eyewear Market - Industry Life Cycle |
3.4 Bahrain Eyewear Market - Porter's Five Forces |
3.5 Bahrain Eyewear Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Bahrain Eyewear Market Revenues & Volume Share, By Mode of Sale, 2021 & 2031F |
3.7 Bahrain Eyewear Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Bahrain Eyewear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bahrain Eyewear Market Trends |
6 Bahrain Eyewear Market Segmentations |
6.1 Bahrain Eyewear Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Bahrain Eyewear Market Revenues & Volume, By Prescription glasses/spectacles, 2021 - 2031F |
6.1.3 Bahrain Eyewear Market Revenues & Volume, By Sunglasses, 2021 - 2031F |
6.1.4 Bahrain Eyewear Market Revenues & Volume, By Contact lenses, 2021 - 2031F |
6.2 Bahrain Eyewear Market, By Mode of Sale |
6.2.1 Overview and Analysis |
6.2.2 Bahrain Eyewear Market Revenues & Volume, By Retail stores, 2021 - 2031F |
6.2.3 Bahrain Eyewear Market Revenues & Volume, By Online stores, 2021 - 2031F |
6.3 Bahrain Eyewear Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Bahrain Eyewear Market Revenues & Volume, By Men, 2021 - 2031F |
6.3.3 Bahrain Eyewear Market Revenues & Volume, By Women, 2021 - 2031F |
7 Bahrain Eyewear Market Import-Export Trade Statistics |
7.1 Bahrain Eyewear Market Export to Major Countries |
7.2 Bahrain Eyewear Market Imports from Major Countries |
8 Bahrain Eyewear Market Key Performance Indicators |
9 Bahrain Eyewear Market - Opportunity Assessment |
9.1 Bahrain Eyewear Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Bahrain Eyewear Market Opportunity Assessment, By Mode of Sale, 2021 & 2031F |
9.3 Bahrain Eyewear Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Bahrain Eyewear Market - Competitive Landscape |
10.1 Bahrain Eyewear Market Revenue Share, By Companies, 2024 |
10.2 Bahrain Eyewear Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |