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: ETC003428 | Publication Date: Feb 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Indonesia Eyewear Market is anticipated to grow tremendously on account of several growth factors. Some of the factors driving the market growth include the increasing demand for corrective eyewear in Indonesia. Additionally, rising disposable income is another major factor fuelling market development. As the economy of Indonesia continues to grow, consumers are becoming more affluent and capable to spend on discretionary expenses such as eyewear accessories. The increasing trend of fashion in Indonesia is becoming increasingly popular as consumers are looking for stylish and trendy frames to complement their outfits. The growing e-commerce has also made it easier for consumers to access a wide range of eyewear products. This factor is driving sales in the Indonesia Eyewear Market.
Moreover, there is an increasing awareness of eye health among Indonesians which is expected to fuel the demand for eyewear in Indonesia. In addition to these growth factors, there have been some prominent developments in the Indonesia Eyewear Industry which include the expansion of local brands in Indonesia, offering affordable and stylish eyewear selections to consumers. Furthermore, eyewear brands in Indonesia are investing heavily in marketing campaigns to elevate awareness of their products. Generally, the Indonesia Eyewear Industry is poised for significant growth with a combination of demographic, economic, and cultural factors.
The eyewear market in Indonesia is forecast to grow over the coming years. The market is expected to have grown resulting from rising demand for fashionable, high-quality designer sunglasses made and sold locally as well as the increasing population in the country. The main drivers of the eyewear market are the increasing demand for sunglasses and corrective lenses in the country, as well as the increasing prevalence of eye diseases such as cataracts and glaucoma. However, some challenges that the eyewear market in Indonesia faces include a lack of awareness about the benefits of wearing eyeglasses, limited access to quality eyeglasses, and a lack of skilled professionals to provide eyewear services. The Indonesia Eyewear market is a part of the Asia Pacific eyewear market and global eyewear market.
According to 6Wresearch, the Indonesia Eyewear market size is likely to witness growth during 2022-28. Eyewear brands are popular among young people and tourists in Indonesia. In addition, some Indonesian fashion designers have started to design eyewear collections. The major factors driving the growth of the Indonesian eyewear market are increasing demand from the middle-class population for stylish and affordable eyewear, the growing popularity of sunglasses among women and men, and increasing investments by domestic and international companies in the country's eyewear industry. However, the country's eyewear market is currently facing several challenges. One such challenge is that there are not enough qualified professionals in the eyewear industry. Another challenge is that there are not enough retail outlets selling eyewear products. And finally, there are too few players in the eyewear market. These challenges will need to be overcome if Indonesia wants to take advantage of its growing eyewear market.
In terms of product type, the market is categorized into spectacles, sunglasses, contact lenses and others. Currently, the spectacles account for the highest market share. The main drivers of the eyewear market are the increasing demand for sunglasses and corrective lenses in the country, as well as the increasing prevalence of eye diseases such as cataracts and glaucoma. However, some challenges that the eyewear market in Indonesia faces include a lack of awareness about the benefits of wearing eyeglasses, limited access to quality eyeglasses, and a lack of skilled professionals to provide eyewear services.
The eyewear market in Indonesia is dominated by a few international brands. These companies have leveraged their global brand names to gain a foothold in one of Asia’s fastest-growing economies. They are also investing aggressively to expand their business operations into new geographies such as China and India. This competition has forced domestic players to focus on improving their offerings and expanding their product range to better compete against international brands. Additionally, niche players are expected to benefit from the growing demand for designer eyewear, while major brands are likely to face competition from lower-cost online players. Regulations related to safety and environmental issues are also expected to support the market growth over the next few years.
The occurrence of the Covid-19 pandemic has resulted in a stoppage in past. However, the market has recuperated gradually. Currently, the market has tremendous growth opportunities. However, there are several potential growth drivers for the eyewear market in Indonesia such as increasing disposable income levels, growing demand from female consumers, and upgrading preferences among consumers. Moreover, with technological advancements and an increase in online shopping opportunities, the eyewear market is expected to grow rapidly across all geographies.
The report delivers a widespread study of the subsequent 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. Indonesia Eyewear Market Overview |
3.1. Indonesia Eyewear Market Revenues, 2018-2028F |
3.2. Indonesia Eyewear Market Revenue Share, By End-users, 2021 & 2028F |
3.3. Indonesia Eyewear Market Revenue Share, By-Products, 2021 & 2028F |
3.4. Indonesia Eyewear Market Revenue Share, By Distribution Channels, 2021 & 2028F |
3.5. Indonesia Eyewear Market Revenue Share, By Regions, 2021 & 2028F |
3.6. Indonesia Eyewear Market Industry Life Cycle |
3.7. Indonesia Eyewear Market- Porter’s Five Forces |
4. Indonesia Eyewear Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Indonesia Eyewear Market Trends |
6. Indonesia Eyewear Market Overview, By End-Users |
6.1. Indonesia Eyewear Market Revenues, By Men, 2018-2028F |
6.2. Indonesia Eyewear Market Revenues, By Women, 2018-2028F |
6.3. Indonesia Eyewear Market Revenues, By Unisex, 2018-2028F |
7. Indonesia Eyewear Market Overview, By-Products |
7.1. Indonesia Eyewear Market Revenues, By Sunglasses, 2018-2028F |
7.2. Indonesia Eyewear Market Revenues, By Spectacles, 2018-2028F |
7.3. Indonesia Eyewear Market Revenues, By Contact Lenses, 2018-2028F |
7.4. Indonesia Eyewear Market Revenues, By Others, 2018-2028F |
8. Indonesia Eyewear Market Overview, By Distribution Channels |
8.1. Indonesia Eyewear Market Revenues, By Online, 2018-2028F |
8.2. Indonesia Eyewear Market Revenues, By Offline, 2018-2028F |
9. Indonesia Eyewear Market Overview, By Region |
9.1. Indonesia Eyewear Market Revenues, By Region, 2018-2028F |
10. Indonesia Eyewear Market Key Performance Indicators |
11. Indonesia Eyewear Market Opportunity Assessment |
11.1. Indonesia Eyewear Market, Opportunity Assessment, By Product, 2028F |
11.2. Indonesia Eyewear Market, Opportunity Assessment, By Region, 2028F |
12. Indonesia Eyewear Market Competitive Landscape |
12.1. Indonesia Eyewear Market Competitive Benchmarking, By Product |
12.2. Indonesia Eyewear Market Revenue Share, By Company, 2021 |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |
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: ETC003428 | Publication Date: Aug 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Indonesia Eyewear Market is expected to register growth during the forecast period 2020-26F owing to rising adoption of eyewear products as fashionable accessories coupled with increased awareness regarding eye-protection coupled with an increase in the geriatric population with age-related eye vision problems and is expected to drive considerable demand for eyewear products. Moreover, increasing fashion trends and rising trends amongst the population of the country to emulate the styles of celebrities is anticipated to proliferate the market growth of the Indonesia eyewear market in the near future.
According to 6Wresearch, Indonesia Eyewear Market is anticipated to witness growth during the forecast period 2020-26F. The spread of COVID-19 is expected to contribute towards the decline of the Indonesia eyewear market on the back of disturbances in the supply chain and consequent disruptions in the operations in the lockdown period in the country. Moreover, owing to a substantial dip in the revenues is leading to heavy financial losses to the industry coupled with disruption in the foreign trade is expected to lead to a decline in the market value of the Indonesia eyewear market during 2020.
On the basis of distribution channels, online distribution channels are expected to garner the highest revenues in the overall Indonesia eyewear market backed by the rising access to e-commerce sites along with attractive discount offers provided by many top eyewear brands over their official e-shopping portal. 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 Indonesia eyewear market witness potential growth in the coming years.
The Indonesia Eyewear report thoroughly covers the market by End-user, Product, and by Distribution Channels. Indonesia Eyewear outlook report provides an unbiased and detailed analysis of the on-going Indonesia 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.
Key Highlights of the Report:
Markets Covered
The Indonesia Eyewear Market report provides a detailed analysis of the following market segments: