October 2017 Singapore Eyewear Market Outlook to 2021
parameters. Retailers include optical shops such as Owndays 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 and similar related features.
Future Potential of Singapore Eyewear Market Eyewear market of Singapore is anticipated to showcase a CAGR of ~% during the 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, sunglasses as a fashion accessory and other related factors. Singapore ' s economic and social stability, pro-business policies, competitive production costs, leading-edge medical technology, outstanding human resource capabilities and advanced industrial development will act as key factors that shall attract more number of foreign players to set up manufacturing facilities for eyewear products in the country. The overall eyewear market of Singapore is expected to generate revenue of USD ~ million by 2021.
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