Saudi Arabia Eyewear Market (2020-2026) | Size, Share, segmentation, Trends, Growth, Revenue, Analysis, Forecast, industry, Outlook & COVID-19 IMPACT

Latest 2023 Development of the Saudi Arabia Eyewear Market

Saudi Arabia Eyewear Market has been evolving rapidly in recent years. The primary factors driving the growth of this market are the increasing prevalence of vision disorders such as myopia, hyperopia, and presbyopia. In addition, the growing population and disposable income are also contributing to the growth of the eyewear market in Saudi Arabia. In general, Eyewear is considered a fashion accessory, with consumers seeking out trendy and stylish frames. Moreover, people are becoming more aware of the importance of eye health. Due to this, they are looking for eyewear products that offer protection from harmful UV rays and blue light.

There has been a significant increase in the number of people in Saudi Arabia who require corrective eyewear due to factors such as an ageing population and increased use of mobile phones and laptops. This has led to a growing demand for prescription glasses. Moreover, contact lenses have become more widely available and affordable in Saudi Arabia, and are increasingly popular among younger consumers which have bolstered the growth of the Saudi Arabia Eyewear Industry. Furthermore, many international eyewear brands are expanding their presence in Saudi Arabia, either through partnerships with local retailers or by opening their own stores in the country. 

Saudi Arabia Eyewear Market Synopsis

Saudi Arabia Eyewear report thoroughly covers the market by End-user, Product, and Distribution Channels. Saudi Arabia Eyewear outlook report provides an unbiased and detailed analysis of the ongoing Saudi Arabia Eyewear 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.

Saudi Arabia Eyewear Market is expected to register growth during the forecast period 2020-26F owing to the rising adoption of eyewear products as fashionable accessories coupled with increased awareness regarding eye protection against harmful UV rays of the sun which is further, anticipated to boost the growth of Saudi Arabia eyewear market in the coming years. The launch of eye-friendly contact lenses that provide comfort and freedom to carry day-long activities coupled with an increase in the geriatric population with age-related eye vision problems are expected to drive considerable demand projections for eyewear products in Saudi Arabia in the upcoming six years.

According to 6Wresearch, Saudi Arabia Eyewear Market is anticipated to witness growth during the forecast period 2020-2026F. Increasing penetration of modern sunglasses along with rising adoption of the latest fashion trends is driving the growth of the market. Moreover, the growing adoption of online shopping is also providing lucrative opportunities for the growth of the industry. The rising influence of social media bloggers on the people is also adding to Saudi Arabia Eyewear Market Share.

Saudi Arabia Eyewear Market is expected to register growth during the forecast period 2020-26F on the back of increasing instances of vision disorders which is leading to increased adoption of eyeglasses. Moreover, the rising adoption of eyewear products as fashion accessories is further, anticipated to boost the growth of Saudi Arabia eyewear market in the coming years. The launch of eye-friendly contact lenses which provide comfort and freedom to carry day-long activities coupled with an increase in the geriatric population with age-related eye vision problems are expected to drive considerable demand projections for eyewear products in Saudi Arabia in the upcoming six years. 

COVID-19 Impact on Saudi Arabia Eyewear Market

The spread of COVID-19 is expected to contribute to the decline of the Saudi Arabia eyewear market on the back of disturbances in the supply chain and consequent disruptions in the operations in the lockdown period in the country. Moreover, owing to a substantial dip in revenues is leading to heavy financial losses to the industry coupled with disruption in normal business activities is expected to lead to a decline in the market value of the Saudi Arabia eyewear market.

Market Analysis by Product

On the basis of products, the sunglasses domain of the overall Saudi Arabia eyewear market is expected to witness the highest growth during the projected period 2020-26F backed by rising trends of fashion statements amongst the millennial population coupled with innovative designs of luxurious sunglasses introduced by top eyewear brands with increased comfort. Moreover, the introduction of various features in sunglasses such as the latest shapes, colors, and wide range is expected to trigger the market demand for premium and branded sunglasses in Saudi Arabia in the coming years.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020.
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Saudi Arabia Eyewear Market Overview
• Saudi Arabia Eyewear Market Outlook
• Saudi Arabia Eyewear Market Forecast
• Saudi Arabia Eyewear Market Size and Saudi Arabia Eyewear Market Forecast until 2025
• Saudi Arabia Eyewear Market Share, By End-user
• Saudi Arabia Eyewear Market Share, By Product
• Saudi Arabia Eyewear Market Share, By Distribution Channels
• Saudi Arabia Eyewear Market Share, By Region
• Historical Data of Saudi Arabia Eyewear Market Revenues and Volume for the period, 2015-2018
• Market size and Forecast of Saudi Arabia Eyewear Market Revenues and Volume until 2025
• Historical Data of Saudi Arabia Eyewear Market Revenues and Volume, By End-user, for the Period 2015-2018
• Market size and Forecast of Saudi Arabia Eyewear Market Revenues and Volume, By End-user, until 2025
• Historical Data of Saudi Arabia Eyewear Market Revenues and Volume, By Product, for the Period 2015-2018
• Market size and Forecast of Saudi Arabia Eyewear Market Revenues and Volume, By Product, until 2025
• Historical Data of Saudi Arabia Eyewear Market Revenues and Volume, By Distribution Channels, for the Period 2015-2018
• Market size and Forecast of Saudi Arabia Eyewear Market Revenues and Volume, By Distribution Channels, until 2025
• Historical Data of Saudi Arabia Eyewear Market Revenues and Volume, By Region, for the Period 2015-2018
• Market size and Forecast of Saudi Arabia Eyewear Market Revenues and Volume, By Region, until 2025
• Saudi Arabia Eyewear Market Drivers and Restraints
• Saudi Arabia Eyewear Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Saudi Arabia Eyewear Market Opportunity Assessment
• Saudi Arabia Eyewear Market Revenue Share, By Company
• Saudi Arabia Eyewear Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Saudi Arabia Eyewear Market report provides a detailed analysis of the following market segments:

By Product

• Spectacles
• Sunglasses
• Contact Lenses
• Others  

By End-user:

• Male
• Female
• Unisex

By Distribution Channels:

• Online
• Offline