Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), 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: ETC401152 | Publication Date: Aug 2022 | Updated Date: Nov 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | Middle East Eyewear Market |
Base Year | 2022 |
Historical Period | 2019-2022 |
Forecast Period | 2023-2029 |
Growth Rate (CAGR) | 3.9% |
Report Coverage | Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share |
Segment Coverage | By Countries, By Product Type, By Mode Of Sale, By End User |
Customization Scope | 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com |
Pricing and Purchase Options | Avail customization purchase option to know the exact pricing of your research needs |
The Middle East Eyewear market report thoroughly covers the market by product type, mode of sale, end-user, countries and competitive landscape. The 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.
The Middle East Eyewear industry is a rapidly growing and evolving market characterized by increasing consumer demand for both corrective and fashion eyewear. Factors such as a rising population, higher disposable incomes, changing lifestyle preferences, and increased awareness of eye health have contributed to the market's expansion. Key trends include a shift towards branded and designer eyewear, the adoption of online retail channels, and a growing focus on innovative lens technologies. Additionally, government initiatives to promote eye health and the prevalence of eye conditions such as myopia are driving the need for eyewear in the region. While traditional eyeglasses and contact lenses continue to dominate the market, there is also a rising interest in fashion-forward sunglasses and sports eyewear, making the Middle East an attractive hub for eyewear manufacturers and retailers. Further, the market is witnessing a shift towards online sales channels, with consumers increasingly opting for the convenience of purchasing eyewear online. However, the Middle East eyewear market faces several challenges, including economic fluctuations that can affect consumer spending on non-essential items like eyewear. Additionally, regulatory complexities and differing standards across the region's countries can pose obstacles for manufacturers and retailers. Counterfeit eyewear products are also a concern, impacting both brand reputation and consumer safety.
According to 6Wresearch, the Middle East eyewear market size is valued at over US$ 473.10 Mn and it is estimated to expand at a CAGR of 3.9% during the forecast period 2023-2029. The Middle East eyewear market is being driven by several key growth factors. Firstly, the region's growing population, coupled with rising disposable incomes, is expanding the consumer base for eyewear products. Secondly, increased awareness of the importance of eye health and the prevalence of vision problems are driving demand for prescription eyeglasses and contact lenses. Thirdly, fashion-conscious Middle Eastern consumers are increasingly embracing eyewear as a fashion accessory, leading to a surge in demand for designer and luxury eyewear brands. Fourthly, advancements in lens technology, such as blue light filtering lenses and anti-reflective coatings, are resonating with consumers, especially in the digital age, enhancing the value proposition of eyewear. Additionally, the adoption of e-commerce and online retail channels is providing greater accessibility and convenience for consumers. Finally, government initiatives and healthcare campaigns focused on eye health are further fueling the market's growth by promoting regular eye check-ups and eyewear usage. These drivers collectively contribute to the robust expansion of the Middle East eyewear market. Moreover, the UAE, particularly Dubai and Abu Dhabi, have experienced significant growth in the eyewear market. The presence of a diverse and affluent population, a vibrant fashion scene, and a focus on luxury brands make the UAE a hub for high-end eyewear, including designer sunglasses and prescription eyeglasses.
The COVID-19 pandemic had a profound impact on the Middle East Eyewear market revenues. During the pandemic's initial phases, lockdowns, social distancing measures, and economic uncertainty led to a decline in consumer spending on non-essential items, including eyewear, impacting sales and revenue for businesses in the sector. Moreover, supply chain disruptions affected the availability of eyewear products, leading to delays and shortages. However, as the pandemic progressed, there was an increased awareness of eye health and the importance of protective eyewear, particularly among healthcare professionals and the general public, driving demand for safety glasses and goggles. Additionally, the accelerated shift towards e-commerce and online shopping during lockdowns provided opportunities for eyewear retailers to reach consumers digitally. While the market faced short-term challenges, the growing focus on eye health and the adaptation to online sales channels have positioned the Middle East eyewear market for recovery and potential long-term growth in a post-pandemic landscape.
The Middle East eyewear market features several prominent key players, including multinational corporations and regional brands. Established international eyewear companies like Luxottica Group, EssilorLuxottica, Safilo Group, and GrandVision operate in the region, offering a wide range of eyewear brands and products. Additionally, regional players such as Magrabi Optical, Yateem Optician, and Al Jaber Optical are well-known and have a significant presence across Middle Eastern countries, offering a mix of prescription eyewear, sunglasses, and contact lenses. Further, some of the companies hold considerable Middle East Eyewear market share. Additionally, these key players engage in various strategies, including brand collaborations, expanding their retail presence, and introducing innovative eyewear products, contributing to the competitive landscape and growth of the Middle East eyewear market.
According to Ravi Bhandari, Research Head, 6Wresearch, the Middle East eyewear market encompasses a diverse range of product categories catering to the evolving needs and preferences of consumers. These categories include prescription eyeglasses, which are essential for vision correction and come in various styles and materials to suit individual tastes. Sunglasses, both as fashion accessories and for protection against the region's intense sunlight, are another significant product category. Contact lenses, available for both vision correction and cosmetic purposes, have gained popularity. Additionally, safety glasses and goggles have seen increased demand, especially in the industrial and healthcare sectors. The market also includes specialized eyewear such as sports goggles, which cater to the region's active lifestyle and outdoor activities. Furthermore, the eyewear market features a variety of lens technologies, including anti-reflective coatings, blue light filtering lenses, and photochromic lenses, reflecting the increasing emphasis on eye health and digital device usage. Further, Saudi Arabia is one of the leading countries in the eyewear market in the region and holds the majority of the Saudi Arabia Eyewear Market share.
The Middle East eyewear market employs a variety of sales modes to reach consumers. Traditional brick-and-mortar optical stores remain a significant channel, offering a personalized shopping experience and expert assistance for fitting and selecting eyewear. Moreover, shopping malls and dedicated eyewear boutiques play a pivotal role in showcasing a wide range of eyewear brands and styles. The rise of e-commerce and online retail platforms has been particularly noteworthy, providing consumers with convenience and accessibility to browse, select, and purchase eyewear products from the comfort of their homes. This digital shift is further accelerated by the presence of dedicated eyewear e-tailers and the online storefronts of established eyewear brands. Additionally, some businesses in the Middle East have adopted a hybrid approach, combining physical stores with online sales channels to offer a seamless omnichannel shopping experience. These diverse modes of sales reflect the evolving consumer preferences and the adaptability of the Middle East eyewear market.
The Middle East Eyewear market report provides a detailed analysis of the following 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 Middle East Eyewear Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Eyewear Market Revenues & Volume, 2019 & 2029F |
3.3 Middle East Eyewear Market - Industry Life Cycle |
3.4 Middle East Eyewear Market - Porter's Five Forces |
3.5 Middle East Eyewear Market Revenues & Volume Share, By Countries, 2022 & 2029F |
3.6 Middle East Eyewear Market Revenues & Volume Share, By Product Type, 2022 & 2029F |
3.7 Middle East Eyewear Market Revenues & Volume Share, By Mode of Sale, 2022 & 2029F |
3.8 Middle East Eyewear Market Revenues & Volume Share, By End User, 2022 & 2029F |
4 Middle East Eyewear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Eyewear Market Trends |
6 Saudi Arabia Eyewear Market, 2019 - 2029 |
6.1.1 Saudi Arabia Eyewear Market, Revenues & Volume, By Product Type, 2019 - 2029 |
6.1.2 Saudi Arabia Eyewear Market, Revenues & Volume, By Mode of Sale, 2019 - 2029 |
6.1.3 Saudi Arabia Eyewear Market, Revenues & Volume, By End User, 2019 - 2029 |
7 UAE Eyewear Market, 2019 - 2029 |
7.1 UAE Eyewear Market, Revenues & Volume, By Product Type, 2019 - 2029 |
7.2 UAE Eyewear Market, Revenues & Volume, By Mode of Sale, 2019 - 2029 |
7.3 UAE Eyewear Market, Revenues & Volume, By End User, 2019 - 2029 |
8 Qatar Eyewear Market, 2019 - 2029 |
8.1 Qatar Eyewear Market, Revenues & Volume, By Product Type, 2019 - 2029 |
8.2 Qatar Eyewear Market, Revenues & Volume, By Mode of Sale, 2019 - 2029 |
8.3 Qatar Eyewear Market, Revenues & Volume, By End User, 2019 - 2029 |
9 Kuwait Eyewear Market, 2019 - 2029 |
9.1 Kuwait Eyewear Market, Revenues & Volume, By Product Type, 2019 - 2029 |
9.2 Kuwait Eyewear Market, Revenues & Volume, By Mode of Sale, 2019 - 2029 |
9.3 Kuwait Eyewear Market, Revenues & Volume, By End User, 2019 - 2029 |
10 Oman Eyewear Market, 2019 - 2029 |
10.1 Oman Eyewear Market, Revenues & Volume, By Product Type, 2019 - 2029 |
10.2 Oman Eyewear Market, Revenues & Volume, By Mode of Sale, 2019 - 2029 |
10.3 Oman Eyewear Market, Revenues & Volume, By End User, 2019 - 2029 |
11 Bahrain Eyewear Market, 2019 - 2029 |
11.1 Bahrain Eyewear Market, Revenues & Volume, By Product Type, 2019 - 2029 |
11.2 Bahrain Eyewear Market, Revenues & Volume, By Mode of Sale, 2019 - 2029 |
11.3 Bahrain Eyewear Market, Revenues & Volume, By End User, 2019 - 2029 |
12 Turkey Eyewear Market, 2019 - 2029 |
12.1 Turkey Eyewear Market, Revenues & Volume, By Product Type, 2019 - 2029 |
12.2 Turkey Eyewear Market, Revenues & Volume, By Mode of Sale, 2019 - 2029 |
12.3 Turkey Eyewear Market, Revenues & Volume, By End User, 2019 - 2029 |
13 Rest of Middle East Eyewear Market, 2019 - 2029 |
13.1 Rest of Middle East Eyewear Market, Revenues & Volume, By Product Type, 2019 - 2029 |
13.2 Rest of Middle East Eyewear Market, Revenues & Volume, By Mode of Sale, 2019 - 2029 |
13.3 Rest of Middle East Eyewear Market, Revenues & Volume, By End User, 2019 - 2029 |
14 Middle East Eyewear Market Key Performance Indicators |
15 Middle East Eyewear Market - Opportunity Assessment |
15.1 Middle East Eyewear Market Opportunity Assessment, By Countries, 2022 & 2029F |
15.2 Middle East Eyewear Market Opportunity Assessment, By Product Type, 2022 & 2029F |
15.3 Middle East Eyewear Market Opportunity Assessment, By Mode of Sale, 2022 & 2029F |
15.4 Middle East Eyewear Market Opportunity Assessment, By End User, 2022 & 2029F |
16 Middle East Eyewear Market - Competitive Landscape |
16.1 Middle East Eyewear Market Revenue Share, By Companies, 2022 |
16.2 Middle East Eyewear Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |