Malaysia Eyewear Market Outlook to 2021: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The report titled “Malaysia Eyewear Market by Type (Spectacles and Contact Lenses), By Sunglasses and Eyeglasses and By Sales Channel – Outlook to 2021” which provides an extensive analysis of Eye care products market in Malaysia. The report covers market size on the basis of revenue, market segmentation by spectacles and contact lenses, by type of spectacle glasses, spectacle frames and glasses, type of contact lenses, contact lens replacement time and by distribution channel. The report also includes the government initiatives and regulations in Malaysia eye wear market, competitive landscape and company profiles for major players in the eye wear market. The report provides detailed overview on the future outlook & projections with future strategies of the players in the market. The report facilitates the readers with the identification and in-depth analysis of the existing and future trends and issues that impacts the industry and has anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for eyewear manufacturers, importers, wholesalers, retailers, customers and other stakeholders to plan their market centric strategies in accordance with the ongoing and expected trends in the future. Industry Overview Malaysia is the third largest economy in Southeast Asia. The country was ranked 23rd most competitive country in the world for the period of 2017-2018. The monthly household income of Malaysians has increased at an annual rate of 6.6% from 2014 to 2016. Malaysia is one among the countries in the world where the vision impairments like myopia, hyperopia and presbyopia are rising at an alarming rate. Largely, owing to the increased demand for prescription glasses the eyewear market in Malaysia has grown at a CAGR of 6.4% during the review period 2011-2016. There is also a significant demand for sunglasses in the country. Malaysians are highly price conscious due to which the major players in the country offer branded eyewear products at discounted and affordable prices. Moreover, the optical shops in the country hold sales and promotional activities to attract a larger lot of Malay customers and also to accommodate the evolving consumer behavior, many optical shops have refurbished their existing store layouts to an open concept store layout. Market Segmentation In terms of revenue generation, spectacles dominated the eyewear market as of 2016 followed by contact lenses. While categorizing the market into spectacle glasses and spectacle frames in terms of revenue generation, spectacle glasses dominated the Malaysia eyewear market. Glasses has higher replacement rate in comparison to frames and since Malaysians are price conscious when lens replacement demand arises they would prefer replacing their glasses and not the frames, if they already possess one. In 2016, eyeglasses held a higher share than the sunglasses. Such domination was supported by the rising rate of vision impairments in the country. It held a share of ~% in the overall market revenue. It was followed by sunglasses in 2016. In terms of revenue, branded spectacles dominated the Malaysia eyewear market with a share of ~% in 2016 followed by unbranded products that accounted for a share of ~% in the market in the same year. Optical shops are the most preferred distribution channel in the Malaysia eyewear market. They are widely spread over the various parts if the country in both rural and urban areas and are easily accessible. Optical shops have been consistently dominating the market from the past six years with more than 80.0% share in the market revenue. However, during the review period a gradual fall in the channel’s market share can be observed owing to the rising presence of other channels in the market. Clear spherical lenses dominated the market in terms of revenue from contact lenses in 2016. The rate of hyperopia has seen a decline in the year 2016. However, the prevalence of hyperopia population in the country also contributes to the increased revenue from the sale of clear spherical contact lenses. Hyperopia among the children aged between 6-12 years is over 14.0%. Clear spherical lenses like other contact lenses are sold only based on a valid prescription at eye care clinics or optical shops in the country. Toric lenses are used to correct astigmatism and it accounted for a share of ~% in 2016. Monthly disposable lenses contributed a higher share in the revenue derived from the sale of contact lenses in Malaysia. It accounted for a share of ~% in 2016. Daily and bi-weekly disposable contact lenses held a share of ~% in the contact lens market of the country as of 2016. Competitive Landscape Malaysia Eyewear market has been dominated by the increased demand for prescription glasses among the people owing to the rising rate of myopia, hyperopia and presbyopia. Hence, the top players in the market includes increasingly known for prescription glasses and contact lenses such as Essilor, Carl Zeiss, Hoya Corp., Johnson & Johnson and others. The major players in the market include manufacturers and retailers. In 2016, more than ~% share in terms of revenue in the market is held by eyewear manufacturers and retailers originated from countries like Italy, France, US, Germany, Switzerland and other countries. Major manufacturers present in the market are Luxottica, Johnson and Johnson, Hoya Corp and others who compete on the basis of the number of in-house and licensed brands, price range, product variants of each brand, type of glasses and other parameters. Retailers include optical shops like Focus Point and many more that compete against each other on the basis of brands available in the shop, type of glasses offered, retail price, product variety, design of frames, type of glasses available in the store, sales and promotional activities and similar related features. Future Potential of Malaysia Eyewear Market Eyewear market of Malaysia is anticipated to showcase a decent growth at a CAGR of ~% during the forecast period 2016-2021. Certain factors that shall drive market growth during the forecast period are increasing rate of myopia, rising number of aging population, increased acceptance of contact lenses, changing fashion trends in the country and others. The most preferred choice of spectacles among the Malaysians is expected to be influenced from Korean fashion trends during the forecast period. In addition, an introduction of more entry-level branded sunglasses at relatively affordable prices is expected to be witnessed in the market. The availability of affordably priced sunglasses is expected to assist in stimulating the growth of sunglasses. Key Topics Covered in the Report: Malaysia Eyewear Market Overview and Genesis Value Chain Analysis of the Malaysia Eyewear Market Malaysia Eyewear Market Size Malaysia Eyewear Market Segmentation Government Initiatives and Regulations on the Malaysia Eyewear Market Trends and Developments in the Malaysia Eyewear Market Trade Scenario in the Malaysia Eyewear Market Consumer Profile in Malaysia Eyewear Market SWOT Analysis for Malaysia Eyewear Market Competitive Landscape of Major Players in the Malaysia Eyewear Market Future Outlook and Projections of the Malaysia Eyewear Market Macroeconomic Factors affecting the Malaysia Eyewear Market Future Outlook Eyewear Malaysia Contact Lens Industry Size Malaysia Malaysia Eyewear Market Segmentation SWOT Analysis for Malaysia Eyewear Market Malaysia Myopic Populations Market Share Luxottica Malaysia Sunglasses Market Malaysia Sales Volume Eyewear Export Volume Malaysia Malaysia Eyewear Marker Mergers and Acquisitions Contact Lenses Market Revenue Malaysia Value Chain Analysis Malaysia Eyewear Market For More Information on the Research Report, Refer to Below Link:- Malaysia Eyewear Market Related Reports:- Singapore Eyewear Market by Type (Spectacles & Contact Lenses), By Sunglasses and Eyeglasses and by Sales Channel – Outlook to 2021 India Eyewear Market Outlook to FY2018 – Rising Popularity of Online Eyewear Portals Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Competitive Landscape Players Malaysia Eyecare, Consumer Profile In Malaysia Eyewear Market, Contact Lens Industry Size Malaysia, Contact Lenses Market Revenue Malaysia, Disposable Lens Industry Size Malaysia, Eyewear Export Volume Malaysia, Fashion Eyewear Market Malaysia, Future Outlook Eyewear Malaysia, Goggles Market Share Malaysia, Hoya Market Share Malaysia, Macroeconomic Factors Malaysia Eyewear, Malaysia Eyewear Import, Malaysia Eyewear Marker Mergers And Acquisitions, Malaysia Eyewear Market Segmentation, Malaysia Eyewear Market Size, Malaysia Hyper Myopic Population, Malaysia Kids Eyewear Market, Malaysia Myopic Populations, Malaysia Spectacles Market Size, Market Share Luxottica Malaysia, Photo-Chromic Lenses Demand Malaysia, Regulations In Eyewear Industry Malaysia, Shade Sales In Malaysia, Spectacle Lens Market Malaysia, Sunglasses Brand Share Malaysia, Sunglasses Industry Malaysia, Sunglasses Market Malaysia Sales Volume, SWOT Analysis For Malaysia Eyewear Market, Value Chain Analysis Malaysia Eyewear Market