PROSPECTS AND OPPORTUNITIES
Outsourcing spectacle frames from China likely to gain greater momentum
South Africa’s economy is likely to continue struggling into the forecast period, ensuring that many local consumers will search for ways to find the most competitive prices of spectacles. Some are starting to move online, armed with their prescriptions, to search for attractive deals, with some South Africans identifying Lensmart as a viable option after reading reviews.
Specsavers offers children free spectacles
Since the pandemic, many children’s eyesight has deteriorated due to prolonged exposure to digital screens via online learning platforms and various devices. Even post-pandemic, many schools and educational institutions now incorporate digital devices such as iPad, tablets and laptops as permanent tools within the curriculum.
Consumers will continue to predominantly buy spectacles from optical goods stores
Despite the increasing share of e-commerce within the category, optical goods stores is likely to remain the dominance distribution channel for spectacles in South Africa over the forecast period. This is because many consumers prefer to visit an optometrist where they are able to have an eye test, try on spectacles and obtain professional advise before making a decision.
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Overview:
Understand the latest market trends and future growth opportunities for the Spectacles industry in South Africa 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 South Africa, 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 South Africa 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 South Africa?
- How are sales of contact lenses performing compared to spectacles?
- Which are the leading brands in Spectacles in South Africa?
- How are products distributed in Spectacles in South Africa?
- 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 South Africa - Category analysis
KEY DATA FINDINGS
Spectacles remain a priority for consumers despite economic hardship
Consumers seek more affordable options when purchasing spectacles
Increasing number of consumers rely on government initiatives for spectacles
Outsourcing spectacle frames from China likely to gain greater momentum
Specsavers offers children free spectacles
Consumers will continue to predominantly buy spectacles from optical goods stores
Eyewear in South Africa - Industry Overview
Eyewear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing 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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