+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free
Published Date: 2016-07-28Number of Pages: 97

Eyewear Market (Product - Spectacles, Spectacle Lenses, Spectacle Frames, Contact lenses, Soft Contact Lenses, Rigid Contact Lenses, Plano Sunglasses, Polarized Sunglasses, Non-Polarized Sunglasses) - Middle East Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

The eyewear market in the Middle East is marked by the rising use of disposable contact lenses, increased affordability, an enhanced sense of fashion, and high consumption of luxury sunglasses and high-end spectacle frames. With contact lenses and frequent replacement of corrective spectacle lenses coming under the realm of a constantly expanding middle class population, the Middle East eyewear market is projected to witness healthy expansion in the years to come.

According to Transparency Market Research, the Middle East eyewear market is set to expand at an 8.8% CAGR over the period between 2015 and 2023 in terms of revenue. Growing at this rate, the market is expected to expand from US$2.75 bn in 2014 to US$5.86 bn by 2023. In terms of volume, the market is expected to exhibit a 4.8% over the same period. The vast deficit between revenue- and volume-wise growth prospects of the market point at the possibility that the consumers in the region are rapidly shifting towards opulent choices for eyewear.

Corrective Eyewear Remains Key Determinant of Market Growth

Based on the type of products in the Middle East eyewear market, the segment of corrective eyewear, comprising spectacles and contact lenses, accounts for a dominant share in the overall market. Of these, the spectacles segment has a clear lead, in terms of both valuation and volume.

The segment accounted for a share of nearly 75% in terms of value and 60% in terms of volume of the overall market in 2014. Spectacle lenses and spectacle frames come under the purview of the spectacles segment, of which, the high frequency of replacement aid the increased demand for spectacle lenses, enabling them to account for a dominant share. The rising prevalence of a number of vision-related problems at younger ages and rising geriatric population have aided the healthy growth of the spectacles segment in Middle East eyewear market in the past few years.

middle-east-eyewear-market

 

Contact Lenses to Witness Heightened Popularity

Over the forecasting horizon, contact lenses will emerge as the most promising product segment, expanding at a CAGR of 9.6% through 2023. The growth will be enabled by the introduction and increasing popularity of colored and daily disposable contact lenses in the region. Additionally, shift in consumer preference from spectacles to contact lenses owing to the latter’s high style quotient and added comfort will also favor the growth of contact lenses in the Middle East eyewear market.

UAE and Saudi Arabia to Remain Attractive Markets

On the basis of geography, the market for eyewear in UAE emerged as the leading contributor to the overall revenues of the Middle East eyewear market in 2014, accounting for over 39% in the market. In terms of volume as well, UAE led the Middle East eyewear market, accounting for a 38% share. The UAE marker for eyewear benefits from the high population of affluent consumers, strengthening economy, and the easy availability of luxury brands.

With over 23% share in the Middle East eyewear market, Saudi Arabia emerged as the second leading regional market in 2014. Over the forecasting horizon as well, UAE and Saudi Arabia are expected to remain the dominant regional markets, with the share of UAE rising to 39% and Saudi Arabia nearing 24% of the Middle East eyewear market by 2023.

The competitive landscape of the Middle East eyewear market features mostly foreign companies such as Luxottica S.p.A, Carl Zeiss A.G, Essilor International, Safilo Group, and Johnson and Johnson Vision Care. Luxottica S.p.A., the company having luxury brands such as Prada, Ray-Ban, and Oakley under its portfolio, rules across most regional markets, accounting for over 40% share of the overall market in countries such as Egypt, Qatar, Oman, Kuwait, UAE, Bahrain, Saudi Arabia, and Jordan.

Chapter 1 Preface
1.1 Report description
1.2 Research scope
1.3 Research methodology

Chapter 2 Executive Summary

Chapter 3 Middle East Eyewear Market, by Product Type
3.1 Overview
      3.1.1 Middle East Eyewear Market Revenue Share, By Product Type, 2014 and 2023
      3.1.2 Middle East Eyewear Market Volume Share, By Product Type, 2014 and 2023
3.2 Market Attractiveness Analysis
3.3 Spectacles
      3.3.1 Middle East Spectacles Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      3.3.2 Spectacle Frames
              3.3.2.1 Middle East Spectacle Frames Market, Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      3.3.3 Spectacle Lenses
              3.3.3.1 Middle East Spectacle Lenses Market, Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
3.4 Contact Lenses
      3.4.1 Middle East Contact Lenses Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      3.4.2 Rigid Contact Lenses
             3.4.2.1 Middle East Rigid Contact Lenses Market, Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      3.4.3 Soft Contact Lenses
             3.4.3.1 Middle East Soft Contact Lenses Market, Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
3.5 Plano Sunglasses
      3.5.1 Middle East Plano Sunglasses Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      3.5.2 Polarized Sunglasses
             3.5.2.1 Middle East Polarized Sunglasses Market, Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      3.5.3 Non-Polarized Sunglasses
             3.5.3.1 Middle East Non-Polarized Sunglasses Market, Revenue, Volume and Forecast 2014 – 2023 (USD Million and Million Units)

Chapter 4 Middle East Eyewear Market: By Countries
4.1 Overview
      4.1.1 Middle East Eyewear Market Revenue Share (%), By Countries, 2014 and 2023
      4.1.2 Middle East Eyewear Market Volume Share (%), By Countries, 2014 and 2023
4.2 Middle East Eyewear Market Distribution Channel Analysis
4.3 Saudi Arabia
      4.3.1 Key Trends Analysis
      4.3.2 Saudi Arabia Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      4.3.3 Import v/s Export Data
      4.3.4 Historical Data (2011 to 2013)
      4.3.5 Saudi Arabia Eyewear Market Distribution Channel Analysis, 2014 (Value %)
      4.3.6 Saudi Arabia Eyewear Market Share by Key Players, 2014 (Value %)
4.4 Egypt
      4.4.1 Key Trends Analysis
      4.4.2 Egypt Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      4.4.3 Import v/s Export Data
      4.4.4 Historical Data (2011 to 2013)
      4.4.5 Egypt Eyewear Market Distribution Channel Analysis, 2014 (Value %)
      4.4.6 Egypt Eyewear Market Share by Key Players, 2014 (Value %)
4.5 United Arab Emirates (UAE)
      4.5.1 Key Trends Analysis
      4.5.2 UAE. Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      4.5.3 Import v/s Export Data
      4.5.4 Historical Data (2011 to 2013)
      4.5.5 UAE Eyewear Market Distribution Channel Analysis, 2014 (Value %)      
      4.5.6 UAE Eyewear Market Share by Key Players, 2014 (Value %)
4.6 Qatar
      4.6.1 Key Trends Analysis
      4.6.2 Qatar Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      4.6.3 Import v/s Export Data
      4.6.4 Historical Data (2011 to 2013)
      4.6.5 Qatar Eyewear Market Distribution Channel Analysis, 2014 (Value %)
      4.6.6 Qatar Eyewear Market Share by Key Players, 2014 (Value %)
4.7 Oman
      4.7.1 Key Trends Analysis
      4.7.2 Oman Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      4.7.3 Import v/s Export Data
      4.7.4 Historical Data (2011 to 2013)
      4.7.5 Oman Eyewear Market Distribution Channel Analysis, 2014 (Value %)
      4.7.6 Oman Eyewear Market Share by Key Players, 2014 (Value %)
4.8 Kuwait
      4.8.1 Key Trends Analysis
      4.8.2 Kuwait Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      4.8.3 Import v/s Export Data
      4.8.4 Historical Data (2011 to 2013)
      4.8.5 Kuwait Eyewear Market Distribution Channel Analysis, 2014 (Value %)
      4.8.6 Kuwait Eyewear Market Share by Key Players, 2014 (Value %)
4.9 Bahrain
      4.9.1 Key Trends Analysis
      4.9.2 Bahrain Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      4.9.3 Import v/s Export Data
      4.9.4 Historical Data (2011 to 2013)
      4.9.5 Bahrain Eyewear Market Distribution Channel Analysis, 2014 (Value %)
      4.9.6 Bahrain Eyewear Market Share by Key Players, 2014 (Value %)
4.10 Jordan
      4.10.1 Key Trends Analysis
      4.10.2 Jordan Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      4.10.3 Import v/s Export Data
      4.10.4 Historical Data (2011 to 2013)
      4.10.5 Jordan Eyewear Market Distribution Channel Analysis, 2014 (Value %)
      4.10.6 Jordan Eyewear Market Share by Key Players, 2014 (Value %)
4.11 Lebanon
      4.11.1 Key Trends Analysis
      4.11.2 Lebanon Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      4.11.3 Import v/s Export Data
      4.11.4 Historical Data (2011 to 2013)
      4.11.5 Lebanon Eyewear Market Distribution Channel Analysis, 2014 (Value %)
      4.11.6 Lebanon Eyewear Market Share by Key Players, 2014 (Value %)
4.12 Turkey
      4.12.1 Key Trends Analysis
      4.12.2 Turkey Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      4.12.3 Import v/s Export Data
      4.12.4 Historical Data (2011 to 2013)
      4.12.5 Turkey Eyewear Market Distribution Channel Analysis, 2014 (Value %)
      4.12.6 Turkey Eyewear Market Share by Key Players, 2014 (Value %)
4.13 Rest of Middle East
      4.13.1 Key Trends Analysis
      4.13.2 Rest of Middle East Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
      4.13.3 Historical Data (2011 to 2013)
      4.13.4 Rest of Middle East Eyewear Market Distribution Channel Analysis, 2014 (Value %)
      4.13.5 Rest of Middle East Eyewear Market Share by Key Players, 2014 (Value %)

Chapter 5 Company Profiles
5.1 Luxottica S.p.A.
      5.1.1 Company Details (HQ, Foundation Year, Employee Strength)
      5.1.2 Market Presence, By Segment and Geography
      5.1.3 Key Developments
      5.1.4 Strategy and Historical Roadmap
      5.1.5 Revenue and Operating Profits
5.2 Safilo Group
      5.2.1 Company Details (HQ, Foundation Year, Employee Strength)
      5.2.2 Market Presence, By Segment and Geography
      5.2.3 Key Developments
      5.2.4 Strategy and Historical Roadmap
      5.2.5 Revenue and Operating Profits
5.3 Essilor International
      5.3.1 Company Details (HQ, Foundation Year, Employee Strength)
      5.3.2 Market Presence, By Segment and Geography
      5.3.3 Key Developments
      5.3.4 Strategy and Historical Roadmap
      5.3.5 Revenue and Operating Profits
5.4 Johnson and Johnson Vision Care
      5.4.1 Company Details (HQ, Foundation Year, Employee Strength)
      5.4.2 Market Presence, By Segment and Geography
      5.4.3 Key Developments
      5.4.4 Strategy and Historical Roadmap
      5.4.5 Revenue and Operating Profits
5.5 Carl Zeiss A.G.
      5.5.1 Company Details (HQ, Foundation Year, Employee Strength)
      5.5.2 Market Presence, By Segment and Geography
      5.5.3 Key Developments
      5.5.4 Strategy and Historical Roadmap
      5.5.5 Revenue and Operating Profits

List of Figures

FIG. 1 Market Segmentation Eyewear Market
FIG. 2 Middle East Eyewear Market Revenue Share, By Product Type, 2014 and 2023
FIG. 3 Middle East Eyewear Market Volume Share, By Product Type, 2014 and 2023
FIG. 4 Middle East Eyewear-Market Attractiveness Analysis By Product Type (2014)
FIG. 5 Middle East Spectacles Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 6 Middle East Spectacles Frames Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 7 Middle East Spectacles Lenses Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 8 Middle East Contact Lenses Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 9 Middle East Rigid Contact Lenses Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 10 Middle East Soft Contact Lenses Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 11 Middle East Plano Sunglasses Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 12 Middle East Polarized Sunglasses Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 13 Middle East Non- Polarized Sunglasses Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 14 Middle East Eyewear Market Revenue Share (%), By Countries, 2014 and 2023
FIG. 15 Middle East Eyewear Market Volume Share (%), By Countries, 2014 and 2023
FIG. 16 Saudi Arabia Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 17 Saudi Arabia Eyewear Market Distribution Channel Analysis, 2014 (Value %)
FIG. 18 Saudi Arabia Eyewear Market Share by Key Players, 2014 (Value %)
FIG. 19 Egypt Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 20 Egypt Eyewear Market Distribution Channel Analysis, 2014 (Value %)
FIG. 21 Egypt Eyewear Market Share by Key Players, 2014 (Value %)
FIG. 22 UAE. Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 23 UAE Eyewear Market Distribution Channel Analysis, 2014 (Value %)
FIG. 24 UAE Eyewear Market Share by Key Players, 2014 (Value %)
FIG. 25 Qatar Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 26 Qatar Eyewear Market Distribution Channel Analysis, 2014 (Value %)
FIG. 27 Qatar Eyewear Market Share by Key Players, 2014 (Value %)
FIG. 28 Oman Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 29 Oman Eyewear Market Distribution Channel Analysis, 2014 (Value %)
FIG. 30 Oman Eyewear Market Share by Key Players, 2014 (Value %)
FIG. 31 Kuwait  Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 32 Kuwait Eyewear Market Distribution Channel Analysis, 2014 (Value %)
FIG. 33 Kuwait Eyewear Market Share by Key Players, 2014 (Value %)
FIG. 34 Bahrain Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 35 Bahrain Eyewear Market Distribution Channel Analysis, 2014 (Value %)
FIG. 36 Bahrain Eyewear Market Share by Key Players, 2014 (Value %)
FIG. 37 Jordan Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 38 Jordan Eyewear Market Distribution Channel Analysis, 2014 (Value %)
FIG. 39 Jordan Eyewear Market Share by Key Players, 2014 (Value %)
FIG. 40 Lebanon Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 41 Lebanon Eyewear Market Distribution Channel Analysis, 2014 (Value %)
FIG. 42 Lebanon Eyewear Market Share by Key Players, 2014 (Value %)
FIG. 43 Turkey Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 44 Turkey Eyewear Market Distribution Channel Analysis, 2014 (Value %)
FIG. 45 Turkey Eyewear Market Share by Key Players, 2014 (Value %)
FIG. 46 Rest of Middle East Eyewear Market Revenue, Volume and Forecast, 2014 – 2023 (USD Million and Million Units)
FIG. 47 Rest of Middle East Eyewear Market Distribution Channel Analysis, 2014 (Value %)
FIG. 48 Rest of Middle East Eyewear Market Share by Key Players, 2014 (Value %)

List of Tables

TABLE 1 Middle East Eyewear Market Snapshot (Revenue), 2014 and 2023
TABLE 2 Middle East Eyewear Market Snapshot (Volume), 2014 and 2023
TABLE 1 Saudi Arabia Eyewear Market, Import v/s Export Data
TABLE 2 Saudi Arabia Eyewear Market Revenue, Volume and Forecast, 2011 – 2013 (USD Million and Million Units)
TABLE 3 Egypt Eyewear Market, Import v/s Export Data
TABLE 4 Egypt Eyewear Market Revenue, Volume and Forecast, 2011 – 2013 (USD Million and Million Units)
TABLE 5 U.A.E. Eyewear Market, Import v/s Export Data
TABLE 6 UAE. Eyewear Market Revenue, Volume and Forecast, 2011 – 2013 (USD Million and Million Units)
TABLE 7 Qatar Eyewear Market, Import v/s Export Data
TABLE 8 Qatar Eyewear Market Revenue, Volume and Forecast, 2011 – 2013 (USD Million and Million Units)
TABLE 9 Oman Eyewear Market, Import v/s Export Data
TABLE 10 Oman Eyewear Market Revenue, Volume and Forecast, 2011 – 2013 (USD Million and Million Units)
TABLE 11 Kuwait Eyewear Market, Import v/s Export Data
TABLE 12 Kuwait Eyewear Market Revenue, Volume and Forecast, 2011 – 2013 (USD Million and Million Units)
TABLE 13 Bahrain Eyewear Market, Import v/s Export Data
TABLE 14 Bahrain Eyewear Market Revenue, Volume and Forecast, 2011 – 2013 (USD Million and Million Units)
TABLE 15 Jordon Eyewear Market, Import v/s Export Data
TABLE 16 Jordan Eyewear Market Revenue, Volume and Forecast, 2011 – 2013 (USD Million and Million Units)
TABLE 17 Lebanon Eyewear Market, Import v/s Export Data
TABLE 18 Lebanon Eyewear Market Revenue, Volume and Forecast, 2011 – 2013 (USD Million and Million Units)
TABLE 19 Turkey Eyewear Market, Import v/s Export Data
TABLE 20 Turkey Eyewear Market Revenue, Volume and Forecast, 2011 – 2013 (USD Million and Million Units)
TABLE 21 Rest of Middle East Eyewear Market Revenue, Volume and Forecast, 2011 – 2013 (USD Million and Million Units)

Eyewear consists of products used to aid in vision correction, cosmetic enhancement and protection of the eyes.Corrective eyewear can be used to correct and alleviate refractive errors. Spectacles and contact lenses are the most common form of corrective eyewear, and are usually prescribed by an optometrist, ophthalmologist, or optician. They aim to improve the quality of life of patients, and can also be used for eye protection.

Factors such as rapid modernization in urban areas and rising consciousness about eye health conditions are responsible for driving the growth of the eyewear market in the Middle East.Consumers, especially the younger generation, are likely to try out newproducts as long as they provide real added value and contribute to their quality of life. Moreover, with a higher percentage of population being able to afford luxury goods, increasing disposable income is a major driving force for the expansion of the eyewear market. Colored contact lenses, high index eyeglasses, and high-end spectacle frames are now within the reach of a large section of the population. Customers frequently replace spectacle lenses by getting customized lenses to fit the same frame. Since lenses have a higher retail margin than frames, there is high renewal rate of lenses among consumers. Considering all these factors, the eyewear market in the Middle East is likely to grow at a significant rate during the forecast period.

However, increasing acceptance rate towards refractive surgeries and treatments are expected to inhibit market growth, as these methodologies provide a complete alternative to the usage of corrective eyewear products. These procedures require a one-time investment, and omit periodicexpenses of eyewear and eye care products.

Eyewear productsare marketed through different distribution channels including optical shops, hypermarkets, department shops and online stores. Increasing availability of these products in stores and supermarkets are also promoting the growth of the eyewear market in the Middle East.Optical shops are having a substantial advantage over other channels. Leading chains such as YateemOpticals, Al Jaber, and MagrabiOpticals are increasing their number of outlets in the Middle East.Strong marketing efforts, social media advertising, special offers and the promotion of new designs and concentration on recent trends are some of the major strategies implemented by these optical shops. However, affordable eye check-ups and increased awareness amongst the public are necessaryfor the widespread use of eyeglasses and contact lenses.

This market research study analyzes the eyewear market in the Middle Eastand provides estimates in terms of revenue (USD Million) from 2014 to 2023. It emphasizeson the drivers and restraints responsible for the growth of the industry and examines their impact during the forecast period from 2015 to 2023. Moreover, it recognizes the important opportunities for the market expansion in the upcoming years.

The report segments the eyewear market based on product type which includes spectacles, contact lenses and plano sunglasses. The spectacles segment is segmented into spectacle lenses and spectacle frames. The contact lenses segment is subdivided into rigid contact lenses and soft contact lenses. The plano sunglasses segment is further bifurcated into polarized and non-polarized plano sunglasses.By countries, the eyewear market in the Middle East is classified into Saudi Arabia, Egypt, UAE, Qatar, Oman, Kuwait, Bahrain, Jordan, Lebanon, Turkey and rest of the Middle East.

The report offers company market share analysis of key industry participants. Major players have been profiled on the basis of company overview, financial overview, business strategies and key developments.Leading market players profiled in this report areLuxottica S.p.A. (Italy), Safilo Group (Italy), Essilor International (France), Johnson and Johnson Vision Care (U.S.) and Carl Zeiss A.G. (Germany).

The Middle EastEyewear Market: by Product Type

  • Spectacles
  • Spectacle Lenses
  • Spectacle Frames
  • Contact lenses
  • Soft Contact Lenses
  • Rigid Contact Lenses
  • Plano Sunglasses
  • Polarized Sunglasses
  • Non-Polarized Sunglasses

The Middle EastEyewear Market: by Country

  • Saudi Arabia
  • Egypt
  • UAE
  • Qatar
  • Oman
  • Kuwait
  • Bahrain
  • Jordan
  • Lebanon
  • Turkey
  • Rest of the Middle East


 
 
Back To Top