South Africa Eyewear Market (2024-2030) | Analysis, Forecast, Value, Revenue, Growth, Companies, Industry, Share, Trends & Size

South Africa Eyewear Market Highlights

Report Name	South Africa Eyewear Market
Forecast period	2024-2030
CAGR	6.4%
Growing Sector	Healthcare

Topics Covered in South Africa Eyewear Market Report

The South Africa Eyewear Market Report thoroughly covers the market by Product Type, distribution channel and End User. The South Africa Eyewear Market Outlook report provides an unbiased and detailed analysis of the ongoing South Africa 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.

South Africa Eyewear Market Synopsis

South Africa Eyewear Market is set to grow at an unprecedented rate on account of the rise in vision related problems in the country. In addition, increasing awareness regarding eye health and the significance of periodic visual check-ups are further boosting market growth. Major players are concentrating on providing innovative designs and technology to maintain a strong position in the market. Moreover, technological innovations are also fuelling the growth of the market.

According to 6Wresearch, the South Africa Eyewear Market is projected to grow at a CAGR of 6.4% during 2024-2030. One of the key drivers of the South Africa Eyewear Market is the growing prevalence of vision-related issues on the back of lifestyle changes and prolonged digital screen exposure in the country has created higher demand for corrective eyewear. In addition, increasing focus on maintaining eye-health and growing attention towards taking regular eye-check-ups is also encouraging the consumers to spend more on quality eyewear products. Furthermore, growing fashion awareness among the consumers in South Africa is increasing trend for stylish and fashionable eyewear hence causing glasses to be viewed as not only a functional product but also part of their dressing style. Moreover, technological and material innovation is producing modern eyewear options that are not only creating lightweight frames but also making them unbreakable thereby encouraging users to expand their current collection of frames.

However, the South Africa Eyewear Market faces many challenges that hinder its growth. The main issue is the import duties on eyewear products which results in costs going up for both retailers and consumers, making it too expensive for an average consumer to be able to afford it. In addition, availability of eye care services in rural areas is limited which contributes towards less opportunity for timely diagnosis and correction of defects. Another obstacle is the dominance of global brands, as it suppresses innovation and also competition within the domestic market due to which local manufacturers fail to gain a foothold.

South Africa Eyewear Market: Leading Players

Some of the major players operating in South Africa Eyewear Market are Luxottica Group, Essilor International, Johnson & Johnson Vision Care, Safilo Group, Marchon Eyewear Inc. and De Rigo Vision SA. These companies have a major presence in the South African market and offer a wide range of eyewear products such as sunglasses, eyeglasses, contact lenses, and other optical frames.

South Africa Eyewear Market: Government Initiatives

The South African government has significantly influenced the growth of the Eyewear Market through strategic initiatives. One such initiative is the "Eye Care for All" initiative, which offers free eye exams and reasonably priced spectacles to underprivileged groups. In addition, the subsidization of vision screenings at schools is a notable effort, aiming to find early vision issues in children to enhance educational results. Furthermore, tax incentives were provided to local eyewear producers to motivate domestic creation and generate jobs in the industry. Moreover, the government partners with international organizations to deliver affordable eye care services to remote regions, making sure underserved communities can access essential eyewear.

Future Insights of the Market

The South Africa Eyewear Market is projected to expand substantially in the coming years. This growth is driven by the surge in the rise in vision related problems across the nation. In addition, the rising awareness about eye care and regular vision screening are also driving market growth. Key players are focusing on offering enhanced designs and technology to remain competitive in the market. Moreover, technological advancements are contributing to the market growth.

Market Segmentation by Product Type

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 rising incidence of visual impairment and eye related disorders which has bolstered the demand for corrective eye wear.

Market Segmentation by End User

On the basis of End User, the Female segment is the leading segment in the industry and will continue to grow in the coming years. This expansion is due to the rising levels of sartorial inclination in women and a growing proclivity to own diverse eyewear for different events.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

 

Key Highlights of the Report:

• South Africa Eyewear Market Outlook
• Market Size of South Africa Eyewear Market, 2023
• Forecast of South Africa Eyewear Market, 2030
• Historical Data and Forecast of South Africa Eyewear Revenues & Volume for the Period 2020-2030
• South Africa Eyewear Market Trend Evolution
• South Africa Eyewear Market Drivers and Challenges
• South Africa Eyewear Price Trends
• South Africa Eyewear Porter's Five Forces
• South Africa Eyewear Industry Life Cycle
• Historical Data and Forecast of South Africa Eyewear Market Revenues & Volume By Product Type for the Period 2020-2030
• Historical Data and Forecast of South Africa Eyewear Market Revenues & Volume By Prescription glasses/spectacles for the Period 2020-2030
• Historical Data and Forecast of South Africa Eyewear Market Revenues & Volume By Sunglasses for the Period 2020-2030
• Historical Data and Forecast of South Africa Eyewear Market Revenues & Volume By Contact lenses for the Period 2020-2030
• Historical Data and Forecast of South Africa Eyewear Market Revenues & Volume By Mode of Sale for the Period 2020-2030
• Historical Data and Forecast of South Africa Eyewear Market Revenues & Volume By Retail stores for the Period 2020-2030
• Historical Data and Forecast of South Africa Eyewear Market Revenues & Volume By Online stores for the Period 2020-2030
• Historical Data and Forecast of South Africa Eyewear Market Revenues & Volume By End User for the Period 2020-2030
• Historical Data and Forecast of South Africa Eyewear Market Revenues & Volume By Men for the Period 2020-2030
• Historical Data and Forecast of South Africa Eyewear Market Revenues & Volume By Women for the Period 2020-2030
• South Africa Eyewear Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Mode of Sale
• Market Opportunity Assessment By End User
• South Africa Eyewear Top Companies Market Share
• South Africa Eyewear Competitive Benchmarking By Technical and Operational Parameters
• South Africa Eyewear Company Profiles
• South Africa Eyewear Key Strategic Recommendations

Markets Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

• Prescription glasses/spectacles
• Sunglasses
• Contact lenses

By Distribution Channel

• Offline
• Online

By End User

• Male
• Female
• Unisex