New market study, "Spectacles in Singapore", has been published

Spectacles recorded stronger current value growth in 2015 than in 2014. More consumers were willing to invest in premium spectacles, be it frames, lenses or sunglasses during 2015 for the perceived better product quality. Some consumers also invested in such products for the brand name, as they viewed spectacles such as sunglasses as a key accessory and wanted to ensure that they could convey their perceived status appropriately.

Competitive Landscape

Essilor Singapore Pte Ltd witnessed the strongest increase in value share in 2014 to reach almost 25%, allowing it to overtake Luxottica South East Asia Pte Ltd to be the leading player in spectacles in 2014. Its comprehensive portfolio of spectacle lenses targeted at the varying needs of consumers from anti-fog, sun protection to photochromic lenses saw Essilor quickly gain awareness and interest among consumers over the review period.

Full Report Details at
- http://www.fastmr.com/prod/1060314_spectacles_singapore.aspx?afid=301

Industry Prospects

Spectacles is expected to record positive constant value performance over the forecast period. Rising image consciousness will drive more consumers to own multiple pairs of spectacles, be it prescription or sunglasses. This will enable them to choose spectacles to match their outfits while owning the most fashionable designs and remaining on-trend. Expansion of chains or online retailers that offer affordable spectacles at below SGD100 will further raise consumers’ willingness to own more than a single pair of spectacles.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Spectacles industry in Singapore 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 strategy with our expert qualitative analysis and growth projections.

If you're in the Spectacles industry in Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.

The Spectacles in Singapore market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* Do spectacle frames create more sales than spectacle lenses in Singapore?
* Which type of spectacles do we spend more on – men’s, women’s or children’s?
* How are independent opticians coping with the emergence of health and beauty multiples?

Reasons to Get this Report

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