Retail current value sales of spectacles performed relatively strongly during 2020, in spite of a difficult economic environment and the disruption caused by the pandemic. While the rate of growth in retail current value sales of spectacles slowed significantly, it remained positive.
While optical shops will remain the dominant distribution channel, the share of retail current value sales of spectacles accounted for e-commerce is set to almost double during 2021 – albeit from a very low base. Although online ordering was an option prior to the onset of the pandemic, customers still needed to go to an optical store, particularly for prescribed spectacles, as an optician had to measures the eye distance precisely.
Essilor Indonesia PT will maintain its strong leadership position in spectacles during 2021, with almost twice the retail value share of Luxottica Group SpA – its closest rival. The Essilor brand is long established in Indonesia and has a strong reputation for quality and innovation.
The rate of growth in retail current value sales of spectacles will accelerate during the early part of the forecast period and be robust for the forecast period as a whole. Apart from an anticipated post-pandemic economic rebound, the trend towards Indonesians developing myopia at a younger age shows no time of slowing.
With the number of presbyopia patients in Indonesia growing, there is likely to be strong growth in demand for spectacles with progressive lenses during the forecast period. Presbyopia is a form of long-sightedness that is caused by a loss of elasticity in the lens of the eye.
Optical stores are expected to accelerate their adaptation of new technology in an effort to create a more convenient shopping experience for spectacles. The US retail store already allows consumers to buy prescription glasses online, and its larger rivals, such as Melawai and Seis, are likely to follow suit.
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Understand the latest market trends and future growth opportunities for the Spectacles industry in Indonesia 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.
If you're in the Spectacles industry in Indonesia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This report originates from Passport, our Spectacles research and analysis database.
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