Spectacles in Malaysia

Feb 16, 2015 - Euromonitor International - 22 pages - USD $900
Abstract Table of Contents Request Details Related
A rising number of Malaysians who are highly fashion conscious is prompting more consumers to purchase spectacles like sunglasses for fashion-driven purposes. Aside from sunglasses, spectacles are also being purchased as to accessorize dressing styles of consumers. Thus, more Malaysians are purchasing not just one pair of sunglasses and spectacles but a few pairs in order to swap them frequently according to what they are wearing.

Competitive Landscape

Luxottica Group maintained its leading position in spectacles with a 16% value share in 2013. The company specialises in manufacturing a wide range of spectacles, ranging from sunglasses to spectacle frames. Brands manufactured under license by Luxottica Group included Oakley, Giorgio Armani, Armani, Ray-Ban, Prada and various other brands. Manufacturing and sales of an extensive range of spectacles products has enabled Luxottica Group to establish strong competitive strength in spectacles.

Industry Prospects

Implementation of the Goods and Service Tax (GST) in Malaysia could possibly constrain forecast growth of several types of spectacles products. Consumers are likely to feel a heavier burden on living expenses as a result of the tax. Therefore, Malaysians are likely to limit the number of pairs of spectacles that they purchase if they encounter a higher cost of living due to GST implementation.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Spectacles industry in Malaysia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Spectacles industry in Malaysia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Spectacles in Malaysia market research report includes:
  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volumes and values, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
  • Do spectacle frames create more sales than spectacle lenses in Malaysia?
  • Which type of spectacles do we spend more on – men’s, women’s or children’s?
  • How are independent opticians coping with the emergence of health and beauty multiples?
Reasons to Get this Report
  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

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About the Publisher
Euromonitor International is a world leading independent provider of business intelligence on industries, countries and consumers. Their business intelligence products include award-winning online information databases, market reports and business reference books. Founded in 1972, Euromonitor International is a privately owned company with offices in London, Chicago, Singapore, Shanghai and Vilnius. Euromonitor has a team of over 600 in-country analysts worldwide, giving them a unique capability to deliver high quality and reliable business information.