Market Forecast By Product Type (Prescription glasses/spectacles, Sunglasses, Contact lenses), By Distribution Channel (Retail stores, Online stores), By End Users (Men, Women, Unisex) And Competitive Landscape
Product Code: ETC369653 | Publication Date: Sep 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 68 | No. of Figures: 16 | No. of Tables: 4 | |
Morocco Eyewear market currently, in 2023, has witnessed an HHI of 4236, Which has increased slightly as compared to the HHI of 3358 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.
The Morocco Eyewear market report thoroughly covers market by products, types, distribution channels, and regions. Morocco Eyewear market report provides an unbiased and detailed analysis of the on-going Morocco Eyewear 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.
Morocco eyewear market witnessed a moderate growth during the previous years due to rising income and urbanization which led to increased spending on eyewear products. Furthermore, rising concerns regarding vision care coupled with increased brand consciousness and preference for fashion products amongst the consumers are some of the factors driving the growth of Morocco eyewear market. Additionally, the COVID-19 pandemic led lockdown in 2020 resulted in subdued demand and supply chain disruption, thereby, leading to a decline in market growth. However, recovery is expected in the market owing to increase in digitalization prompting increased usage of electronic devices, thus, fostering the demand for anti-glare eyewear products for eye protection as well as spectacles for vision correction.
According to 6Wresearch, the Morocco Eyewear Market is projected to grow at a CAGR 6.6% during 2022-2028F. The primary reason for growth in the Morocco eyewear industry can be attributed to a higher proportion of young and middle-aged people in the overall population, along with rising screen time of both working population and children. Additionally, with rapid urbanization and increasing internet penetration, there has been an increase in online shopping and online gaming along with online studying and new work from culture, leading to eye strains because of increased exposure to blue light, which would further increase the need for protective glasses and spectacles in the coming years.
Spectacles dominated the Morocco eyewear market being a necessity product used to correct refractive error and protect the eyesight from degrading. Owing to improvement in lifestyle and income, the sunglasses segment is also expected to witness growth in the coming years.
The report provides a detailed analysis of the following 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. Morocco Eyewear Market Overview |
3.1. Morocco Eyewear Market Revenues, 2018-2028F |
3.2. Morocco Eyewear Market Industry Life Cycle |
3.3. Morocco Eyewear Market Porter's Five Forces |
4. Impact Analysis of Covid-19 on Morocco Eyewear Market |
5. Morocco Eyewear Market Dynamics |
5.1 Impact Analysis |
5.2 Market Drivers |
5.3 Market Restraints |
6. Morocco Eyewear Market Trends |
7. Morocco Eyewear Market Overview, By Types |
7.1. Morocco Eyewear Market Revenue Share & Revenues, By Sunglasses |
7.2. Morocco Eyewear Market Revenue Share & Revenues, By Spectacles |
7.3. Morocco Eyewear Market Revenue Share & Revenues, By Contact Lenses |
7.4. Morocco Eyewear Market Revenue Share & Revenues, By Others ( Safety and Sports glass) |
8. Morocco Eyewear Market Overview, By End Users |
8.1. Morocco Eyewear Market Revenue Share & Revenues, By Women |
8.2. Morocco Eyewear Market Revenue Share & Revenues, By Men |
8.3. Morocco Eyewear Market Revenue Share & Revenues, By Unisex |
9. Morocco Eyewear Market Overview, By Distribution Channel |
9.1. Morocco Eyewear Market Revenue Share & Revenues, By Online |
9.2. Morocco Eyewear Market Revenue Share & Revenues, By Offline |
10. Morocco Eyewear Market Key Performance Indicators |
11. Morocco Eyewear Market Opportunity Assessment |
11.1 Morocco Eyewear Market Opportunity Assessment, By Types, 2028F |
11.2 Morocco Eyewear Market Opportunity Assessment, By End Users, 2028F |
11.3 Morocco Eyewear Market Opportunity Assessment, By Distributional Channel, 2028F |
12. Morocco Eyewear Market – Competitive Landscape |
12.1 Morocco Eyewear Market Revenue Share, By Companies |
12.2 Morocco Eyewear Market Competitive Benchmarking, By Technical Parameter |
12.3 Morocco Eyewear Market Competitive Benchmarking, By Operating Parameter |
13. Company Profiles |
13.1 Luxottica Group S.p.A |
13.2 LVMH |
13.3 CooperVision |
13.4 Johnson & johnson vision care inc. |
13.5 Bausch & Lomb |
13.6 Zeiss International |
13.7 Cartier |
13.8 Kering group |
13.9 UN!AC AABOUD NEGOCE SARL |
13.10 Azonal |
14. Key Strategic Recommendations |
15. Disclaimer |
List of Figure |
1: Morocco Eyewear Market Revenues, 2018-2028F ($ Million) |
2: Population Distribution in Morocco, By Age, 2022E |
3: Most Used Social Media Platform, ( in %), 2021 |
4: Percentage of Population living in Urban Area, 2017-2020 (%) |
5: Morocco GDP Per Capita, 2018 – 2021, (USD) |
6: Morocco Eyewear imports from China, 2019 – 2021, Million USD |
7: Morocco Eyewear Market Revenue Share, By Types, 2021 & 2028F |
8: Morocco Eyewear Market Revenue Share, By End Users, 2021 & 2028F |
9: Morocco Eyewear Market Revenue Share, By Distribution Channel, 2021 & 2028F |
10: Number of Internet Users, 2019 – 2022E, (Million) |
11: Number of Ophthalmologists in Morocco, 2012 -2020 |
12: Morocco Eyewear Market Opportunity Assessment, By Types, 2028F |
13: Morocco Eyewear Market Opportunity Assessment, By End Users, 2028F |
14: Morocco Eyewear Market Opportunity Assessment, By End Distribution Channels, 2028F |
15: Morocco Sunglasses Eyewear Market Revenue Ranking, By Companies, 2021 |
16: Morocco Spectacles & Contact lenses Eyewear Market Revenue Ranking, By Companies, 2021 |
List of Tables |
1: Morocco Eyewear Market Revenues, By Types, 2018-2028F ($ Million) |
2: Morocco Eyewear Market Revenues, By End Users, 2018-2028F ($ Million) |
3: Morocco Eyewear Market Revenues, By Distribution Channel, 2018-2028F ($ Million) |
4: Number of Primary Health Care Establishments in Morocco Regions, 2020 |