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

Thailand Eyewear Market Highlights

Report Name	Thailand Eyewear Market
Forecast period	2024-2030
CAGR	7.5%
Growing Sector	Fashion and Eyecare

Topics Covered in Thailand Eyewear Market Report

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 Synopsis

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 2024-2030. 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.

Thailand Eyewear Market: Leading Players

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: Government Regulations

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.

Future Insights of the Market

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.

Market Segmentation by Product

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.

Market Segmentation by End-User

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.

Market Segmentation by Distribution Channels

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.

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

• Thailand Eyewear Market Overview
• Thailand Eyewear Market Outlook
• Thailand Eyewear Market Forecast
• Thailand Eyewear Market Size and Thailand Eyewear Market Forecast until 2030
• Thailand Eyewear Market Share, By End-user
• Thailand Eyewear Market Share, By Product
• Thailand Eyewear Market Share, By Distribution Channels
• Thailand Eyewear Market Share, By Region
• Historical Data of Thailand Eyewear Market Revenues and Volume for the period, 2020-2030
• Market size and forecast of Thailand Eyewear Market Revenues and Volume until 2030
• Historical Data of Thailand Eyewear Market Revenues and Volume, By End-user, for the Period 2020-2030
• Market size and forecast of Thailand Eyewear Market Revenues and Volume, By End-user, until 2030
• Historical Data of Thailand Eyewear Market Revenues and Volume, By Product, for the Period 2020-2030
• Market size and forecast of Thailand Eyewear Market Revenues and Volume, By Product, until 2030
• Historical Data of Thailand Eyewear Market Revenues and Volume, By Distribution Channels, for the Period 2020-2030
• Market size and forecast of Thailand Eyewear Market Revenues and Volume, By Distribution Channels, until 2030
• Historical Data of Thailand Eyewear Market Revenues and Volume, By Region, for the Period 2020-2030
• Market size and forecast of Thailand Eyewear Market Revenues and Volume, By Region, until 2030
• Thailand Eyewear Market Drivers and Restraints
• Thailand Eyewear Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Thailand Eyewear Market Opportunity Assessment
• Thailand Eyewear Market Revenue Share, By Company
• Thailand Eyewear Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered

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

By Product

• Spectacles
• Sunglasses
• Contact Lenses 
• Others

By End-User

• Male
• Female
• Unisex

By Distribution Channels

• Online
• Offline