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Eyewear in South Africa

Report Code : 426995
Industry : Consumer Goods and Retail
Published On : Sep 2020
Pages : 40
Publisher : Euromonitor International
Format: Excel and PDF

Demand for eyewear in South Africa was already slowing prior to the emergence of COVID-19 and the subsequent lockdown measures introduced by the government in an attempt to reduce the spread of the virus. The country had already been experiencing economic instability, which placed further pressure on household incomes, considering the majority of the South African population is comprised of low-income consumers. This meant that eyewear was mainly driven by mid- and high-income consumers, with th...

Euromonitor International's Eyewear in South Africa report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2015-2019), 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 2024 illustrate how the market is set to change.

Product coverage: Contact Lenses and Solutions, Spectacles, Sunglasses.

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

Why buy this report?
* Get a detailed picture of the Eyewear 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.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Eyewear in South Africa 
Euromonitor International 
September 2020

List OF CONTENTS AND TABLES 
 
EXECUTIVE SUMMARY 
COVID-19 impact on eyewear 
COVID-19 country impact 
Company response 
Retailing shift 
What next for eyewear? 
MARKET DATA 
Table 1 Sales of Eyewear by Category: Volume 2015-2020 
Table 2 Sales of Eyewear by Category: Value 2015-2020 
Table 3 Sales of Eyewear by Category: % Volume Growth 2015-2020 
Table 4 Sales of Eyewear by Category: % Value Growth 2015-2020 
Table 5 NBO Company Shares of Eyewear: % Value 2015-2019 
Table 6 LBN Brand Shares of Eyewear: % Value 2016-2019 
Table 7 Distribution of Eyewear by Format: % Value 2015-2020 
Table 8 Forecast Sales of Eyewear by Category: Volume 2020-2025 
Table 9 Forecast Sales of Eyewear by Category: Value 2020-2025 
Table 10 	Forecast Sales of Eyewear by Category: % Volume Growth 2020-2025 
Table 11 	Forecast Sales of Eyewear by Category: % Value Growth 2020-2025 
DISCLAIMER 
GLOBAL MACROECONOMIC ENVIRONMENT 
GLOBAL INDUSTRY ENVIRONMENT 
DEFINITIONS 
SOURCES 
Summary 1 Research Sources 
KEY DATA FINDINGS 
2020 IMPACT 
Economic instability resulting in slowing demand for contact lenses in South Africa further impacted by emergence of COVID-19 and lockdown measures 
Intense competition amongst leading players in 2019 but contact lenses remains fragmented landscape 
E-commerce gains marginal value share following closure of optical shops during the lockdown but latter will remain dominant distribution channel 
RECOVERY AND OPPORTUNITIES 
Marginal improvement in demand for contact lenses from 2021 as consumers return to daily routines with cost-effective frequent replacement lenses gaining in further popularity 
Category must contend with further economic instability and weakening disposable incomes following lockdown resulting in declining unit prices 
Rising incidents of myopia indicate eye health concerns amongst younger consumers who are open to experimenting with contact lenses, while ageing society will also drive demand from more affluent older South Africans 
CATEGORY DATA 
Table 12 Sales of Contact Lenses by Category: Volume 2015-2020 
Table 13 Sales of Contact Lenses by Category: Value 2015-2020 
Table 14 Sales of Contact Lenses by Category: % Volume Growth 2015-2020 
Table 15 Sales of Contact Lenses by Category: % Value Growth 2015-2020 
Table 16 Sales of Contact Lens Solutions: Value 2015-2020 
Table 17 Sales of Contact Lens Solutions: % Value Growth 2015-2020 
Table 18 Sales of Contact Lenses by Type: % Value 2015-2020 
Table 19 Sales of Daily Disposable Lenses (DD) by Material: % Value 2015-2020 
Table 20 Sales of Daily Disposable Lenses (DD) by Condition: % Value 2015-2020 
Table 21 	Sales of Frequent Replacement Lenses (FRP) by Material: % Value 2015-2020 
Table 22 	Sales of Frequent Replacement Lenses (FRP) by Condition: % Value 2015-2020 
Table 23 	NBO Company Shares of Contact Lenses: % Value 2015-2019 
Table 24 	LBN Brand Shares of Contact Lenses: % Value 2016-2019 
Table 25 	Distribution of Contact Lenses by Format: % Value 2015-2020 
Table 26 	Distribution of Contact Lens Solutions by Format: % Value 2015-2020 
Table 27 	Forecast Sales of Contact Lenses by Category: Volume 2020-2025 
Table 28 	Forecast Sales of Contact Lenses by Category: Value 2020-2025 
Table 29 	Forecast Sales of Contact Lenses by Category: % Volume Growth 2020-2025 
Table 30 	Forecast Sales of Contact Lenses by Category: % Value Growth 2020-2025 
Table 31 	Forecast Sales of Contact Lens Solutions: Value 2020-2025 
Table 32 	Forecast Sales of Contact Lens Solutions: % Value Growth 2020-2025 
KEY DATA FINDINGS 
2020 IMPACT 
Temporary closure of optical shops during lockdown results in slowing demand for optical shops, exacerbating trend already noted pre-COVID-19 due to economic instability 
Spectacles fairly concentrated in the hands of major players in 2019 
Heightened awareness of need for strict hygiene routines during the pandemic could benefit further development of spectacle lens cleaning solutions 
RECOVERY AND OPPORTUNITIES 
Spectacles slow to gain stronger upturn in demand due to price sensitivity 
Increasing cases of various eye health conditions in South Africa will continue to drive greater demand for readymade reading glasses and spectacle lenses 
Fashion trends will continue to reduce stigma attached to wearing spectacles, with lower-priced options which follow global designs likely to gain in relevance 
CATEGORY DATA 
Table 33 Sales of Spectacles by Category: Volume 2015-2020 
Table 34 Sales of Spectacles by Category: Value 2015-2020 
Table 35 Sales of Spectacles by Category: % Volume Growth 2015-2020 
Table 36 Sales of Spectacles by Category: % Value Growth 2015-2020 
Table 37 Sales of Spectacle Lenses by Type: % Value 2015-2020 
Table 38 NBO Company Shares of Spectacles: % Value 2015-2019 
Table 39 LBN Brand Shares of Spectacles: % Value 2016-2019 
Table 40 Distribution of Spectacles by Format: % Value 2015-2020 
Table 41 Forecast Sales of Spectacles by Category: Volume 2020-2025 
Table 42 	Forecast Sales of Spectacles by Category: Value 2020-2025 
Table 43 	Forecast Sales of Spectacles by Category: % Volume Growth 2020-2025 
Table 44 	Forecast Sales of Spectacles by Category: % Value Growth 2020-2025 
KEY DATA FINDINGS 
2020 IMPACT 
Declining demand for sunglasses amidst unstable economy and weak consumer sentiment exacerbated by emergence of COVID-19 and lockdown in 2020 
Luxury designer brands lead sunglasses in 2019 but more affordable private label and low-cost lines from mixed retailers perform well due to increasing price sensitivity 
Apparel and footwear specialist retailers offer expanding range of sunglasses attracting younger consumers of fast fashion 
RECOVERY AND OPPORTUNITIES 
Strengthening decline predicted for sunglasses due to further economic instability as consumers prioritise their spending 
While younger affluent South Africans will continue to be influenced by social media and global trends, pandemic is likely to slow new product development of sunglasses 
CATEGORY DATA 
Table 45 Sales of Sunglasses: Volume 2015-2020 
Table 46 Sales of Sunglasses: Value 2015-2020 
Table 47 Sales of Sunglasses: % Volume Growth 2015-2020 
Table 48 Sales of Sunglasses: % Value Growth 2015-2020 
Table 49 NBO Company Shares of Sunglasses: % Value 2015-2019 
Table 50 LBN Brand Shares of Sunglasses: % Value 2016-2019 
Table 51 Distribution of Sunglasses by Format: % Value 2015-2020 
Table 52 Forecast Sales of Sunglasses: Volume 2020-2025 
Table 53 Forecast Sales of Sunglasses: Value 2020-2025 
Table 54 	Forecast Sales of Sunglasses: % Volume Growth 2020-2025 
Table 55 	Forecast Sales of Sunglasses: % Value Growth 2020-2025