Singapore Eyewear Industry Outlook 2022 - 2026

Key Market Indicators

Singapore's prescription glasses export is expected to reach $1.8 million by 2026, growing at a rate of 2.6% annually since 2021. In 2021, the country ranked 5th with $1.5 million. Malaysia had the highest export with $1.5 million, followed by France, China, and Malaysia in second, third, and fourth place respectively. Singapore's prescription glasses import is forecast to reach $2.6 million by 2026, growing at an average rate of 2.2% since 2021. In 2021, the country ranked 4th with $2.3 million. The Dominican Republic had the highest import with $2.3 million, followed by India, Hungary, and the Dominican Republic in second, third, and fourth place respectively. Since 1994, Singapore's supply of prescription glasses has increased by 23.2% annually, while demand has grown by 20.8%.

Singapore Eyewear Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

• Eyewear Evolution: Contact Lenses and Spectacles Redefining Vision Correction Trends

  The eyewear industry has experienced remarkable transformation over the years. Notably, contact lenses and spectacles dominate the vision correction segment. With technological advancements and increasing consumer demand for more convenient, stylish, and effective eyewear, both manufacturers and consumers are exploring new frontiers in vision correction options.

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• Optics Industry: Exploring the Diverse Dynamics of the Global Spectacles Market

  The growth trajectory of the global spectacles market is heavily influenced by the rising prevalence of ocular disorders, an aging population, and an unprecedented increase in screen time. Other key factors propelling this sector are the growing awareness about eye health and the focus on style and aesthetics as spectacles...

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• Motion Picture Projection Activities: Industry Trends and Lucrative Market Potential

  The industry for film projection has seen several trends affecting its trajectory. The rise in digital technology has led to the phase-out of traditional film projectors in favor of digital projection systems. These modern systems offer increased efficiency, improved picture quality, and lower operating costs. It is also worth noting...

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• Eyeing the Future: Demystifying the Iconic Spectacle Frame and Mounting Industry Trends

  The spectacle frame and mounting industry, a sub-segment of the broader eyewear market, is undergoing significant transformations driven by changing consumer tastes, technology advancements, and shifting demographics. Upscale frames have gained popularity for their utility as fashion accessories, leading to brand diversification and product premiumization. Simultaneously, digitalization has enabled the...

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• Optical Industry: Uncovering Growth Prospects in Spectacle Frames and Mountings Market

  The global spectacle frames and mountings market is undergoing significant change as demand patterns shift. Consumers are increasingly look at eyewear not only as a means of vision correction, but also as a fashion statement. The demand is buoyed by progressive increases in incidents of visual impairment and an increased...

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