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: ETC369625 | 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 | |
Thailand Eyewear market currently, in 2023, has witnessed an HHI of 3035, Which has decreased slightly as compared to the HHI of 3886 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 | Thailand Eyewear Market |
Forecast period | 2025-2031 |
CAGR | 7.5% |
Growing Sector | Fashion and Eyecare |
Thailand Eyewear Market report thoroughly covers the market by product, end-user and distribution channels. The market report provides an unbiased and detailed analysis of the ongoing market 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.
Thailand Eyewear Market is experiencing significant growth and projected to attain more growth in the coming years due to increasing consumer awareness of eye health, fashion trends, and the rising prevalence of vision-related issues. Key segments of the market include prescription glasses, sunglasses, and contact lenses, each catering to diverse consumer needs. The demand for stylish and technologically advanced eyewear is on the rise, especially among younger demographics. Factors such as urbanization, an expanding middle class, and an increase in outdoor activities contribute to the overall expansion of this market.
According to 6Wresearch, Thailand Eyewear Market size is expected to grow at a CAGR of 7.5% during 2025-2031. Several factors are driving the growth of Thailand Eyewear Market such as the heightened awareness of eye health among consumers is driving demand for regular eye examinations and prescriptions, leading to increased sales of prescription glasses and lenses. Additionally, fashion trends have influenced consumer preferences, with many seeking eyewear that reflects personal style while providing vision correction. The rising prevalence of digital device usage has also contributed to an increase in vision-related issues, prompting consumers to invest in protective eyewear, such as blue light blocking lenses. Furthermore, urbanization and an expanding middle class have resulted in greater disposable income, allowing more individuals to prioritise eyewear as a necessary accessory.
However, Thailand Eyewear Market faces few restraints such as the high competition among both local and international brands, which can lead to price wars and reduced profit margins. Additionally, consumers may exhibit brand loyalty, making it challenging for new entrants to gain market share. Economic fluctuations and uncertainties can also impact consumer spending, causing potential declines in the purchase of non-essential items like fashionable eyewear. Furthermore, the prevalence of counterfeit products in the market poses a threat to the reputation and sales of legitimate brands. Apart from this, limited access to eye care services in rural areas may restrict certain segments of the population from obtaining necessary eyewear.
The eyewear market in Thailand has been experiencing steady growth over the years. As a developing country, Thailand is witnessing a rise in its middle-class population, which has higher disposable income and an increasing demand for fashionable and functional eyewear.
One of the key trends driving the market is the rising awareness about eye health and the importance of wearing corrective eyeglasses or contact lenses. With more people using digital devices for work or leisure, there is a growing concern about eye strain and other vision problems. This has led to an increase in regular eye check-ups and prescriptions for glasses or contacts, boosting the demand for eyewear products.
Another trend that is gaining traction in the Thai eyewear market is the popularity of designer and luxury eyewear brands. As the economy grows and consumers become more sophisticated in their fashion choices, there is a growing demand for high-end eyewear products. The rise of social media influencers and celebrity endorsements has also played a significant role in promoting these luxury brands, making them aspirational purchases for many Thai consumers.
With the increasing demand for eyewear products in Thailand, there are numerous investment opportunities available in the market. One of the key areas for investment is in retail stores and e-commerce platforms that sell eyewear products. As more consumers shift towards online shopping, investing in a well-established e-commerce platform specializing in eyewear can be a profitable venture.
Another potential area for investment is in manufacturing facilities for eyewear products. With the growing demand for fashionable and functional eyewear, there is a need for high-quality production facilities to meet these demands. Investing in state-of-the-art machinery and technology can help produce high-quality eyewear products that cater to both domestic and international markets.
Additionally, there is also an opportunity to invest in research and development for new and innovative eyewear products. This could include advancements in materials used for frames and lenses, as well as incorporating technology such as blue-light blocking or anti-glare features. With the increasing awareness about eye health, investing in cutting-edge research can help tap into a growing market segment.
Key players include Thai Optical Group, Marcolin Group, Essilor, Luxottica, Follie Follie, Vivid Eyewear. These companies are recognized for their unique designs and commitment to high-quality eyewear products tailored to the Thai market.
Thailand Eyewear Market is growing and government’s regulation and policies are helping in extension of the market. Programs aimed at increasing public awareness about the importance of regular eye examinations have been launched, encouraging citizens to prioritise their eye health. Additionally, the government has partnered with local healthcare providers to enhance accessibility to eye care services, particularly in rural areas, ensuring that more individuals can receive necessary eye treatment and eyewear solutions. Financial incentives and tax breaks for local eyewear manufacturers have also been introduced to stimulate production and innovation within the sector. Furthermore, initiatives promoting research and development in ophthalmic technology are in place to advance the quality and effectiveness of eyewear products available to consumers.
The future of Thailand Eyewear Market looks promising due to the convergence of technology and consumer preferences. As smart glasses and augmented reality (AR) become more prevalent, innovations in eyewear will likely redefine functionality and style. Consumers are expected to seek out eyewear that seamlessly integrates technology, such as built-in health monitoring features and connectivity options. Additionally, sustainability will emerge as a key consideration, influencing purchasing decisions as environmentally aware consumers gravitate toward brands that adopt eco-friendly practices in their manufacturing processes. The integration of virtual reality (VR) for virtual try-ons and consultations is also anticipated to enhance customer engagement and reduce friction in the purchasing process.
According to Ravi Bhandari, Research Head, 6Wresearch, spectacles segment is expected to experience the most significant growth in coming years due to increasing awareness of eye health, coupled with the growing prevalence of vision-related issues due to digital device usage, is driving demand for prescription glasses and corrective lenses.
Male segment is expected to witness significant expansion in the future attributed to the increasing embrace of fashion-conscious eyewear designed for men. This demographic is becoming more aware of personal style and is keen to invest in quality and trendy eyewear that complements their lifestyle.
Online distribution channel is projected to experience robust growth in the coming years due to increasing penetration of the internet and the rise of e-commerce platforms have made it easier for consumers to explore a vast array of eyewear options from the comfort of their homes.
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 Thailand Eyewear Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Eyewear Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Eyewear Market - Industry Life Cycle |
3.4 Thailand Eyewear Market - Porter's Five Forces |
3.5 Thailand Eyewear Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Thailand Eyewear Market Revenues & Volume Share, By Mode of Sale, 2021 & 2031F |
3.7 Thailand Eyewear Market Revenues & Volume Share, By End User, 2021 & 2031F |
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 Segmentations |
6.1 Thailand Eyewear Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Eyewear Market Revenues & Volume, By Prescription glasses/spectacles, 2021 - 2031F |
6.1.3 Thailand Eyewear Market Revenues & Volume, By Sunglasses, 2021 - 2031F |
6.1.4 Thailand Eyewear Market Revenues & Volume, By Contact lenses, 2021 - 2031F |
6.2 Thailand Eyewear Market, By Mode of Sale |
6.2.1 Overview and Analysis |
6.2.2 Thailand Eyewear Market Revenues & Volume, By Retail stores, 2021 - 2031F |
6.2.3 Thailand Eyewear Market Revenues & Volume, By Online stores, 2021 - 2031F |
6.3 Thailand Eyewear Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Thailand Eyewear Market Revenues & Volume, By Men, 2021 - 2031F |
6.3.3 Thailand Eyewear Market Revenues & Volume, By Women, 2021 - 2031F |
7 Thailand Eyewear Market Import-Export Trade Statistics |
7.1 Thailand Eyewear Market Export to Major Countries |
7.2 Thailand Eyewear Market Imports from Major Countries |
8 Thailand Eyewear Market Key Performance Indicators |
9 Thailand Eyewear Market - Opportunity Assessment |
9.1 Thailand Eyewear Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Thailand Eyewear Market Opportunity Assessment, By Mode of Sale, 2021 & 2031F |
9.3 Thailand Eyewear Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Thailand Eyewear Market - Competitive Landscape |
10.1 Thailand Eyewear Market Revenue Share, By Companies, 2024 |
10.2 Thailand Eyewear Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |