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Learn moreAug 2020
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COVID-19 has caused significant disruption to the eyewear supply chain through the closure of factories and restrictions on the operations of retailers. In combination with enforced home seclusion, this has led to a marked decline in sales of contact lenses and spectacles in Singapore.
On 7 April, Singapore implemented its Circuit Breaker (CB) measures, under which people were only allowed to go out for essential shopping, such as groceries, and exercise, and only essential businesses, such as grocery stores, markets, selective restaurants for takeaway only, government bodies and infrastructure-related businesses, remained open. The authorities announced that, without any unforeseen spikes, CB was scheduled to be lifted on 1 June.
COVID-19 has encouraged eyewear manufacturers and retailers to bolster their commitment to the development of their digital presence. This was already occurring prior to the outbreak of the disease, as optical specialist retailers worked to attract consumers to their stores through engagement online.
COVID-19 has strengthened the position of e-commerce in eyewear, which was already stimulating activity on the part of leading retailers in the category. The uptake of e-commerce for eyewear has triggered bricks-and-mortar optical retailers to ramp up their online efforts in order to reinforce their retail dominance.
Eyewear is expected to bounce back quickly from the impact of COVID-19, with sales exceeding the levels seen prior to the pandemic by the end of 2021 and continuing to grow strongly over the forecast period. The essential status of contact lenses and spectacles provides a strong foundation for recovery.
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This Euromonitor market report provides market trend and market growth analysis of the Eyewear industry in Singapore. With this market report, you’ll be able to explore in detail the changing shape and potential of the industry. You will now be able to plan and build strategy on real industry data and projections.
The Eyewear in Singapore market research report includes:
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Why buy this report?
This industry report originates from Passport, our eyewear market research database.
Each report is delivered with the following components:
Report: PDF
Market statistics: Excel workbook
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.