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Learn moreSep 2020
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Sunglasses is set to see a marked downturn in its performance in 2020 as a result of the COVID-19 pandemic. Efforts to limit the spread of the disease, including restrictions on travel and enforced home seclusion have significantly reduced opportunities for wearing sunglasses, both for protective and fashion-orientated purposes.
COVID-19 related restrictions on store operations have contributed to a significant shift towards e-commerce in sunglasses in 2020. Indeed, several sunglasses players have looked to strengthen their e-commerce activities in light of measures aimed at preventing the spread of the virus.
Luxottica Group remains the largest player in sunglasses with its luxury Ray-Ban, Prada, and Oakley brands. However, the company has experienced consistent share erosion in recent years as it has faced increasing competition from smaller players and brands entering the category.
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Discover the latest market trends and uncover sources of future market growth for the Sunglasses industry in Philippines with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Sunglasses industry in Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.
This industry report originates from Passport, our sunglasses market research database.
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.