{"id":746,"date":"2022-11-11T11:30:49","date_gmt":"2022-11-11T11:30:49","guid":{"rendered":"https:\/\/www.innoviusresearch.com\/blog\/?p=746"},"modified":"2022-11-11T11:30:50","modified_gmt":"2022-11-11T11:30:50","slug":"eyewear-market-saudi-arabia","status":"publish","type":"post","link":"https:\/\/www.innoviusresearch.com\/blog\/market-report\/eyewear-market-saudi-arabia\/","title":{"rendered":"Eyewear Market -Saudi Arabia"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Eyewear refers to goods that are used to correct vision or protect the eyes from external influences such as light, harmful radiation, debris, and harsh environmental changes. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Products in the eyewear market include eyeglasses, sunglasses, and contact lenses. With many local and international competitors, the industry is highly fragmented. These items provide vision correction as well as protection from damaging UVA and UVB solar rays. Wearing spectacles is often considered a fashion statement in both developing and developed countries.<\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>KSA Eyewear Market Size and Potential Growth (2022-2027)<\/strong><\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">\u279f In <strong>2022<\/strong>, the <strong>KSA eyewear Market <\/strong>is estimated to be valued at <strong>$767.2 million ($0.77 billion) <\/strong>with an approximate <strong>share of 27% <\/strong>of the GCC eyewear market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u279f During 2022-2027, the market is extrapolated to grow at a <strong>CAGR<\/strong> <strong>of 5.8%\u00a0 <\/strong>and would reach <strong>$1,015 million ($1.01 billion) <\/strong>in <strong>2027<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" width=\"606\" height=\"363\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/11\/Slide2-4.jpg\" alt=\"Eyewear Market - Innovius Research\" class=\"wp-image-750\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/11\/Slide2-4.jpg 606w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/11\/Slide2-4-300x180.jpg 300w\" sizes=\"auto, (max-width: 606px) 100vw, 606px\" \/><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>KSA Eyewear Market, By Type of Eyewear in 2022 (%)<\/strong><\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">In <strong>2022<\/strong>, the <strong>spectacles<\/strong> segment holds the largest market share of the KSA eyewear industry with a share of<strong> 62%, <\/strong>followed by <strong>Sunglasses<\/strong> with a<strong> 29%<\/strong> market share.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"599\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/11\/Presentation1-2-1024x599.jpg\" alt=\"Eyewear Market-2 - Innovius Research\" class=\"wp-image-756\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/11\/Presentation1-2-1024x599.jpg 1024w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/11\/Presentation1-2-300x175.jpg 300w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/11\/Presentation1-2-768x449.jpg 768w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/11\/Presentation1-2.jpg 1112w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Market Trends<\/strong><\/h5>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"text-decoration: underline;\">Booming Online Retail Industry<\/span><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u279f Online merchants have had to improve security and reliability to sell consumer goods through <strong>online channels<\/strong>, which has increased the demand for eyewear.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u279f <strong>Foreign investors <\/strong>are registering business accounts with the <strong>Saudi Ministry of Commerce <\/strong>to take advantage of the online platform&#8217;s possibilities. Such <strong>registration<\/strong> <strong>numbers<\/strong> increased from <strong>14,154 in 2015 <\/strong>to <strong>25,238 in 2020.<\/strong><\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<p class=\"wp-block-paragraph\">\u279f In <strong>March 2021<\/strong>, <strong>Amazon.com Inc<\/strong>. announced its <strong>expansion<\/strong> into <strong>Saudi Arabia<\/strong>, with a storage capacity of more than <strong>867,000 sq. ft, <\/strong>and to <strong>expand<\/strong> its <strong>geographical reach <\/strong>by <strong>58%<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"text-decoration: underline;\">Increasing Use of Eyewear Products by Tourists in the KSA Region<\/span><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u279f The <strong>harsh and humid climate <\/strong>of the <strong>Kingdom of Saudi Arabia<\/strong>, along with an increasing number of <strong>smartphone users, <\/strong>has enabled the region&#8217;s eyewear sector to gain pace.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u279f However, the majority of the demand is satisfied by <strong>tourists<\/strong>, who frequently include <strong>eyewear<\/strong> products as a <strong>daily essential <\/strong>or as part of their <strong>souvenir culture<\/strong>.<\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"text-decoration: underline;\">Increasing Demand for Soft Contact Lenses Generates Revenue for Manufacturers<\/span><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u279f The Saudi Arabian eyeglasses market has been increasing\u00a0with developments in <strong>eyewear production technologies<\/strong>. <strong>Soft contact lenses<\/strong>, spectacle lenses, contact lenses, spectacles, and other eyewear are becoming increasingly popular in the region. People are increasingly opting for <strong>soft contact lenses <\/strong>in order to <strong>avoid wearing spectacles<\/strong>. Contact lenses are often used by <strong>athletes<\/strong> because they allow them to conduct more <strong>intense sports <\/strong>with <strong>greater freedom<\/strong>.<\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Data Sources:<\/strong> <a href=\"https:\/\/www.statista.com\/\" target=\"_blank\" rel=\"noopener\" title=\"Statista\">Statista<\/a>, <a href=\"https:\/\/www.persistencemarketresearch.com\" target=\"_blank\" rel=\"noopener\" title=\"Persistence Market Research\">Persistence Market Research<\/a>, <a href=\"https:\/\/www.transparencymarketresearch.com\" target=\"_blank\" rel=\"noopener\" title=\"Transparency Market Research\">Transparency Market Research<\/a>, <a href=\"https:\/\/www.mordorintelligence.com\" target=\"_blank\" rel=\"noopener\" title=\"Mordor Intelligence\">Mordor Intelligence<\/a>, <a href=\"https:\/\/www.globenewswire.com\/\" target=\"_blank\" rel=\"noopener\" title=\"GlobeNewsWire\">GlobeNewsWire<\/a>, and others<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Get in-depth <strong>Market Research for any industry<\/strong> to understand the Market Size, Competitors, Trends, Drivers and Challenges, Future forecasts, SWOT analysis, TAM, SAM or SOM, and much other information in detail. <a href=\"https:\/\/www.innoviusresearch.com\/contact-us.php\"><strong>Get in touch with us today<\/strong><\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Must Read<\/strong><\/p>\n\n\n<div class=\"monsterinsights-widget-popular-posts monsterinsights-widget-popular-posts-charlie monsterinsights-popular-posts-styled monsterinsights-widget-popular-posts-columns-2\"><ul class=\"monsterinsights-widget-popular-posts-list\"><li ><a href=\"https:\/\/www.innoviusresearch.com\/blog\/environmental-and-sustainability\/youth-social-media-the-new-force-powering-sustainability-in-india\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" >Youth &amp; 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Products in the eyewear market include eyeglasses, sunglasses, and contact lenses. With many local and international competitors, the industry is highly fragmented. These items provide vision correction as&hellip; <a class=\"more-link\" href=\"https:\/\/www.innoviusresearch.com\/blog\/market-report\/eyewear-market-saudi-arabia\/\">Continue reading <span class=\"screen-reader-text\">Eyewear Market -Saudi Arabia<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":759,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-report","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts\/746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/comments?post=746"}],"version-history":[{"count":8,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts\/746\/revisions"}],"predecessor-version":[{"id":761,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts\/746\/revisions\/761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/media\/759"}],"wp:attachment":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/media?parent=746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/categories?post=746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/tags?post=746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}