Discover the latest market trends and uncover sources of future market growth for the spectacles industry in thailand 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. Demand for eyewear in thailand remains positive the market records current value growth in 2018 only marginally slower than the review period current value. Glazziq changes the way thais shop for eyewear to tap into a $13b market written by: cynthia luo on january 12, 2017 it’s surprising no company in thailand has found a way to sell better to the digitally adept generation glazziq wanted its frames to be affordable and designed to suit the tastes of its target market of 20-35 year olds.
Eyewear market, by distribution channel optical stores accounted for over 25% of the industry share in 2016 easy eye examination availability and consultation services are the key factors driving highest demand in this segment online stores will witness growth over 5% up to 2024. “with supreme eyewear as our partner we position ourselves to gain market share in thailand the market has good potential across both the diffusion and luxury segments, including atelier,” said luisa delgado, ceo of safilo group. Thailand has made remarkable progress in social and economic development, moving from a low-income country to an upper-income country in less than a generation thailand has been one of the widely cited development success stories of the region, with annual economic growth averaging 75% in the boom years of 1960 to 1996 and 5% following the asian financial crisis during 1999-2005.
Demand for eyewear in thailand remains positive the market records current value growth in 2018 only marginally slower than the review period current value cagr social and active lifestyles support growing demand for eyewear, while increasing disposable incomes also pave the way for activities requiring the use of eyewear such as travelling and outdoor hobbies. Thailand has made remarkable progress in social and economic development, moving from a low-income country to an upper-income country in less than a generation thailand's long-term economic goals are laid out in the country's 20-year national strategy (2017 – 2036) for attaining developed country status. Euromonitor international's eyewear in thailand report provides a thorough outline of the market magnitude and design at a national level it offers the recent retail sales data (2013-2017), permitting you to recognize the sectors generating growth. The change in the eyewear market the indian online eyewear market has witnessed a technological shift over the past few years, driven by the changing buying behavior of the consumers, increasing penetration of smartphones and the transition of eyewear manufacturers from unorganised to organised.
With a smart business model, some traditional retail experience, dedicated founders and a market with high demand for spectacles euromonitor forecasts that glasses in thailand is expected to maintain a compounded annual growth rate of 5% to push sales to reach $13 billion by 2021.
Demand for eyewear in thailand (th) remains positive the market records current value growth in 2018 only marginally slower than the review period current value compound annual growth rate social and active lifestyles support increasing demand for eyewear, while growing disposable incomes also pave the way for activities requiring the use of eyewear including travelling and outdoor hobbies.
Spectacles in thailand: thailand already has an ageing population and the growing ageing society is expected to remain a solid supportive factor for eyewear expects a stable performance market data table 13 sales of eyewear by category: volume 2013-2018 table 14 sales of eyewear by category:. Padua, italy and bangkok, thailand—safilo has announced the exclusive distribution partnership for thailand and cambodian markets with supreme eyewear supreme eyewear is one of the strongest local eyewear distributors with significant experience in the optical industry, more than 40 years of business history, solid foundations both in retail and wholesale markets, strong customer service.
Eyewear market size was worth over usd 110 billion in 2016 and is set to exceed 13 billion units by 2024 contact lens to witness growth at over 3% cagr.