Demand for eyewear in Singapore is recovering well, with retail volume sales expected to surpass pre-pandemic levels in 2024 after the significant decline witnessed in 2020. Both current value and retail volume sales of spectacles recovered in early 2023 to pre-pandemic levels, while demand for contact lenses and solutions as well as sunglasses is expected to take longer to bounce back.
A rising number of Singaporeans suffer from myopia and presbyopia, and catering for these consumers has become the focus of attention for manufacturers, retailers, and optometrists. Manufacturers are developing new products within spectacle lenses and contact lenses, to help prevent and manage the progression of myopia, astigmatism and other conditions.
Eyewear in Singapore remains highly competitive featuring both international and local players. The easing of restrictions has been positive for most industry players, with many of them expected to continue growing over 2023.
Optical goods stores remains the dominant distribution channel for eyewear in 2023. The easing of restrictions and greater return to normality in Singapore is leading to improving sales for many offline retailers, as consumers can now freely visit shopping centres and different stores for their eyewear purchases.
Eyewear is expected to continue to register a positive performance over the forecast period with growth being seen across all categories. Singapore’s ageing population, and high prevalence of myopia among different ages, even children, will contribute to future growth.
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Understand the latest market trends and future growth opportunities for the Eyewear industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories:
If you're in the Eyewear industry in Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Eyewear
Eyewear is the aggregate of contact lenses, spectacles and sunglasses.
See All of Our DefinitionsThis report originates from Passport, our Eyewear research and analysis database.
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