SAUDI ARABIA EYEWEAR MARKET

INTRODUCTION

Eyewear includes goods and accessories worn on or over the eyes for aesthetic purposes, environmental protection, and to enhance or improve visual acuity. Sunglasses, contact lenses, and glasses—also known as eyeglasses or spectacles—are common types of eyewear.

Goggles are an example of more practical eye protection that can be used as eyewear. On the other hand, blindfolds are a type of eyewear that obscures eyesight for a number of reasons.

OS denotes the left eye. OS, which is short for oculus sinister, or "left eye" in Latin, is the conventional acronym for the left eye.

SAUDI ARABIA EYEWEAR MARKET SIZE AND FORECAST

The Saudi Arabia Eyewear Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

MARKET DYNAMICS

Because of Saudi Arabia's rapidly urbanising population, the market for eyewear is predicted to expand significantly over the coming years.The demand for eyewear is being driven by rising internet usage and rising screen time.

One of the main aspects boosting the industry's growth is the manufacturers' rising innovation of products along with how easily they may be implemented at home.

Long hours spent on smartphones, laptops, or personal computers is what is fueling the market's demand. The industry is expanding as a result of booming sales of items through online channels and e-commerce websites.

According to the market analysis  the Saudi Arabian eyewear market as a whole is anticipated to develop at the highest rate in the sunglasses segment due to rising fashion trends among the millennial population and cutting-edge designs of opulent sunglasses offered by leading eyewear manufacturers with improved comfort.

In addition, it is anticipated that the introduction of a variety of characteristics in sunglasses, such as the newest forms, colours, and wide range, would spur demand for high-end, branded sunglasses in Saudi Arabia in the upcoming years.

Due to disruptions in the supply chain and subsequent disruptions in operations during the country's lockdown, it is anticipated that the spread of COVID-19 will contribute to the fall of the eyewear market in Saudi Arabia.

The market value of the eyeglasses industry in Saudi Arabia is also anticipated to drop as a result of a significant decline in revenues that is causing the sector to suffer significant financial losses and a disruption in routine business operations.

COMPANY PROFILE

• Magrabi
• Titan eye
• Safilo
• Huawei
• Snap Inc

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Eyewear are manufactured per annum Saudi Arabia? Who are the sub-component suppliers in this region?
2. Cost breakup of a Saudi Arabia Eyewear and key vendor selection criteria
3. Where is the Eyewear manufactured? What is the average margin per unit?
4. Market share of Saudi Arabia Eyewear market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Saudi Arabia Eyewear in-house
6. key predictions for next 5 years in Saudi Arabia Eyewear market
7. Average B-2-B Eyewear market price in all segments
8. Latest trends in Eyewear market, by every market segment
9. The market size (both volume and value) of the Eyewear market in 2023-2030 and every year in between?
10. Production breakup of Eyewear market, by suppliers and their OEM relationship