PROSPECTS AND OPPORTUNITIES
Grim outlook for spectacles in Hong Kong with eroded local demand
Spectacles in Hong Kong is projected to decline further during the forecast period, showcasing a demand issue in the local market. This erosion of domestic demand is not a temporary blip but rather a structural shift, as consumers grow accustomed to the convenience and cost savings of northbound consumption.
Optical goods stores transform as consumers seek experiential retail
Hong Kong’s optical retail landscape is undergoing a structural transformation, marked by the decline of traditional neighbourhood opticians and the ascent of experiential, brand-driven concepts. While local shops face closures due to rising operational costs and cross-border competition, niche players like South Korea’s Gentle Monster, Japan’s Kaneko Optical, and Hong Kong’s local The New Black Optical are gaining traction through differentiated strategies that align with evolving consumer expectations.
Smart glasses as whitespace but close monitoring of regulations will be key
The development of smart glasses in Hong Kong presents a prime opportunity for premiumisation in eyewear, leveraging Hong Kong’s tech-savvy local consumers and appetite for novel gadgets. As traditional spectacle sales flounder facing structural demand issues, smart glasses, combining advanced functionalities like augmented reality (AR), voice assistants, and health tracking, represent a high-growth whitespace, particularly among affluent professionals and early adopters.
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Overview:
Understand the latest market trends and future growth opportunities for the Spectacles industry in Hong Kong, China 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 Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Spectacles in Hong Kong, China report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Spectacles in Hong Kong, China?
- How are sales of contact lenses performing compared to spectacles?
- Which are the leading brands in Spectacles in Hong Kong, China?
- How are products distributed in Spectacles in Hong Kong, China?
- How are demographic changes impacting demand?
- To what extent are fashion and consumer affluence growth determinants?
- Where is future growth expected to be most dynamic?
Spectacles in Hong Kong, China - Category analysis
KEY DATA FINDINGS
Continuous decline in 2025 due to northbound consumption and hyper-awareness of preventative eye health measures
Hoya remains leader but is challenged by macroenvironment decline
Myopia control gains traction but growth limited by knowledge and wealth gap
Grim outlook for spectacles in Hong Kong with eroded local demand
Optical goods stores transform as consumers seek experiential retail
Smart glasses as whitespace but close monitoring of regulations will be key
Eyewear in Hong Kong, China - Industry Overview
Eyewear in 2025: The big picture
2025 key trends
Competitive landscape
Retail developments
What next for eyewear?
DISCLAIMER
The following categories and subcategories are included:
Spectacles
- Readymade Reading Glasses
- Spectacle Frames
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- Standard Spectacle Lenses
- Myopia Control Spectacle Lenses
Spectacles
This is the aggregation of spectacle frames, spectacle lenses and readymade reading glasses.
See all of our definitionsWhy buy this report?
- 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
This report originates from Passport, our Spectacles research and analysis database.
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