Market Forecast By Product (Spectacles, Sunglasses, Contact Lenses & Others), By End-user (Male, Female, Unisex), By Distribution Channels (Online, Offline) and by the competitive landscape
Product Code: ETC003431 | Publication Date: Feb 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Philippines Eyewear market is expected to register growth during the forecast period 2020-26F on the back of an increase in the use of augmented consumption of luxurious sunglasses range and other eyewear commodities. Further, rising discretionary spending on eyewear coupled with enhanced preferences of the consumers for best-in-style eyewear products backed by advanced fashion sense is expected to proliferate the growth of the Philippines eyewear market in the upcoming six years. However, the rising popularity of refractive surgeries and laser- insisted (LASIK) vision correction advancements in the eyewear industry is likely to limit the growth of the Philippines eyewear market in the near term.
According to 6Wresearch, the Philippines Eyewear Market is anticipated to witness growth during the forecast period 2020-2026F. However, the spread of COVID-19 is expected to contribute towards the decline of the Philippines eyewear market on the back of disturbances in the supply chain and discontinuation of production. Moreover, consequent disruptions in the operations during the lockdown period in the country are likely to dip the sales revenue for many of the top eyewear brands in the near term and significantly contribute towards the slow growth of the Philippines eyewear market in the coming years.
On the basis of product, contact lenses are anticipated to register the highest growth in the overall Philippines eyewear market backed by comfort and curiosity amongst the people to get rid of spectacles. Moreover, the high use of soft contact lenses by sportspersons as contact lenses tend to provide greater freedom and comfort to perform strenuous activities. Additionally, sunglasses are expected to register the second-highest growth followed by contact lenses owing to an increase in fashion statements by the Asian population.
The Philippines Eyewear report thoroughly covers the market by End-user, Product, and by Distribution Channels. Philippines Eyewear outlook report provides an unbiased and detailed analysis of the ongoing Philippines Eyewear trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
The Philippines Eyewear Market report provides a detailed analysis of the following market segments:
1. Which factors proliferates the growth of this market?
The growing awareness of the eyecare, increasing prevalence of vision disorders, and increasing disposable income are proliferating the growth of this market.
2. What are the key opportunities for the Philippines Eyewear market?
The growing demand for online eyewear products and increasing medical tourism are some of the key opportunities for the market.
3. Which type of disorders are driving the demand for the eyewear market in the Philippines?
Myopia and hyperopia vision disorders are driving the demand for the eyewear market in the Philippines.
4. What are the most popular types of eyewear in the Philippines?
The most popular types of eyewear in the Philippines are prescription glasses and contact lenses.
5. What are the major constraints for the market?
The high cost of premium eyewear products, unavailability of quality products, and unawareness of the importance of eye care are the major factor restricting the growth of the eyewear market.
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. Philippines Eyewear Market Overview |
3.1. Philippines Eyewear Market Revenues, 2016-2026F |
3.2. Philippines Eyewear Market Revenue Share, By End-users, 2019 & 2026F |
3.3. Philippines Eyewear Market Revenue Share, By-Products, 2019 & 2026F |
3.4. Philippines Eyewear Market Revenue Share, By Distribution Channels, 2019 & 2026F |
3.5. Philippines Eyewear Market Revenue Share, By Regions, 2019 & 2026F |
3.6. Philippines Eyewear Market Industry Life Cycle |
3.7. Philippines Eyewear Market- Porter’s Five Forces |
4. Philippines Eyewear Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Philippines Eyewear Market Trends |
6. Philippines Eyewear Market Overview, By End-Users |
6.1. Philippines Eyewear Market Revenues, By Men, 2016-2026F |
6.2. Philippines Eyewear Market Revenues, By Women, 2016-2026F |
6.3. Philippines Eyewear Market Revenues, By Unisex, 2016-2026F |
7. Philippines Eyewear Market Overview, By-Products |
7.1. Philippines Eyewear Market Revenues, By Sunglasses, 2016-2026F |
7.2. Philippines Eyewear Market Revenues, By Spectacles, 2016-2026F |
7.3. Philippines Eyewear Market Revenues, By Contact Lenses, 2016-2026F |
7.4. Philippines Eyewear Market Revenues, By Others, 2016-2026F |
8. Philippines Eyewear Market Overview, By Distribution Channels |
8.1. Philippines Eyewear Market Revenues, By Online, 2016-2026F |
8.2. Philippines Eyewear Market Revenues, By Offline, 2016-2026F |
9. Philippines Eyewear Market Overview, By Region |
9.1. Philippines Eyewear Market Revenues, By Region, 2016-2026F |
10. Philippines Eyewear Market Key Performance Indicators |
11. Philippines Eyewear Market Opportunity Assessment |
11.1. Philippines Eyewear Market, Opportunity Assessment, By Product, 2025F |
11.2. Philippines Eyewear Market, Opportunity Assessment, By Region, 2025F |
12. Philippines Eyewear Market Competitive Landscape |
12.1. Philippines Eyewear Market Competitive Benchmarking, By Product |
12.2. Philippines Eyewear Market Revenue Share, By Company, 2019 |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |