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Spectacles in the Philippines

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    Report

  • 19 Pages
  • May 2024
  • Region: Philippines
  • Euromonitor International
  • ID: 2321639
The market for spectacles in the Philippines is expected to see significant growth in current value terms in 2024. This will be in the context of gradually improving economic conditions, including government efforts to contain inflation, which will encourage consumer spending. The concept of Business Process Outsourcing (BPO has also seen an increase in popularity across the Philippines.

The Spectacles in Philippines report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2019-2023), allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, distribution or pricing issues. Forecasts to 2028 illustrate how the market is set to change.

Product coverage: Readymade Reading Glasses, Spectacle Frames, Spectacle Lenses.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Spectacles market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

KEY DATA FINDINGS
2024 DEVELOPMENTS
  • Spectacles see healthy growth, alongside rise in BPO, increasing levels of awareness of the need for vision correction and innovation by major players
  • Single vision lenses retain their popularity, although consumer awareness of bifocals and progressives is steadily increasing, together with lenses offering myopia control
  • Entry of Japanese players threatens local brands
PROSPECTS AND OPPORTUNITIES
  • Players will continue to drive growth through blend of technological advancements and aesthetics
  • E-commerce will play key role in driving growth, although more premium outlets are expected to appear, alongside growing consumer awareness
  • Move towards more sustainable spectacles
CATEGORY DATA
  • Table 1 Sales of Spectacles by Category: Volume 2019-2024
  • Table 2 Sales of Spectacles by Category: Value 2019-2024
  • Table 3 Sales of Spectacles by Category: % Volume Growth 2019-2024
  • Table 4 Sales of Spectacles by Category: % Value Growth 2019-2024
  • Table 5 Sales of Spectacle Lenses by Type: % Value 2019-2024
  • Table 6 NBO Company Shares of Spectacles: % Value 2019-2023
  • Table 7 LBN Brand Shares of Spectacles: % Value 2020-2023
  • Table 8 Distribution of Spectacles by Format: % Value 2019-2024
  • Table 9 Forecast Sales of Spectacles by Category: Volume 2024-2029
  • Table 10 Forecast Sales of Spectacles by Category: Value 2024-2029
  • Table 11 Forecast Sales of Spectacles by Category: % Volume Growth 2024-2029
  • Table 12 Forecast Sales of Spectacles by Category: % Value Growth 2024-2029
EYEWEAR IN THE PHILIPPINES
EXECUTIVE SUMMARY
  • Eyewear in 2024: The big picture
  • 2024 key trends
  • Competitive landscape
  • Retailing developments
  • What next for eyewear?
MARKET DATA
  • Table 13 Sales of Eyewear by Category: Volume 2019-2024
  • Table 14 Sales of Eyewear by Category: Value 2019-2024
  • Table 15 Sales of Eyewear by Category: % Volume Growth 2019-2024
  • Table 16 Sales of Eyewear by Category: % Value Growth 2019-2024
  • Table 17 NBO Company Shares of Eyewear: % Value 2019-2023
  • Table 18 LBN Brand Shares of Eyewear: % Value 2020-2023
  • Table 19 Distribution of Eyewear by Format: % Value 2019-2024
  • Table 20 Forecast Sales of Eyewear by Category: Volume 2024-2029
  • Table 21 Forecast Sales of Eyewear by Category: Value 2024-2029
  • Table 22 Forecast Sales of Eyewear by Category: % Volume Growth 2024-2029
  • Table 23 Forecast Sales of Eyewear by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
  • Summary 1 Research Sources