Luxury Eyewear in Malaysia
Consumers spent even more time than normal using a variety of digital devices during lockdown when they were required to work or study from home which can be damaging to the eyes. However, under the Movement Control Orders (MCO) enforced by the Malaysian government, standalone and optical stores were forced to close between 18 March and 4 May 2020. As a result, optical stores such as Sunglass Hut, Optical 88 and Focus Point were not in operation for almost two months as they were considered non-...
Euromonitor International's Luxury Eyewear in Malaysia report offers a comprehensive guide to the size and shape of the Luxury Eyewear market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Eyewear retailing along with the development of consumers’ shopping patterns. Forecasts to 2025 illustrate how the market is set to change
Product coverage: Luxury Spectacle Frames, Luxury Sun Glasses.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
Euromonitor International's Luxury Eyewear in Malaysia report offers a comprehensive guide to the size and shape of the Luxury Eyewear market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Eyewear retailing along with the development of consumers’ shopping patterns. Forecasts to 2025 illustrate how the market is set to change
Product coverage: Luxury Spectacle Frames, Luxury Sun Glasses.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
- Get a detailed picture of the Luxury Eyewear market;
- Pinpoint growth sectors and identify factors driving change;
- Understand the competitive environment, the market’s major players and leading brands;
- Use five-year forecasts to assess how the market is predicted to develop.
LUXURY EYEWEAR IN MALAYSIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Despite prolonged exposure to digital devices and subsequent boost to luxury spectacle frames, the ongoing presence of the virus slows industry recovery in 2021
Limited travel and home-based lifestyles and subsequent decimation of impulse purchases hamper category sales in 2021
Industry players and retailers engage in discounting in order to make their brands more enticing and to shift old stock
PROSPECTS AND OPPORTUNITIES
Strong recovery for luxury eyewear from 2022 onwards
Consumers continue to favour bricks and mortar distribution channels although e-commerce sees further growth through the development and progression of virtual try-on technology
Industry recovers as society resumes normality though discounts remain a crucial marketing strategy as both consumers and industry players recover from the economic fallout from the pandemic
CATEGORY DATA
Table 1 Sales of Luxury Eyewear by Category: Value 2016-2021
Table 2 Sales of Luxury Eyewear by Category: % Value Growth 2016-2021
Table 3 NBO Company Shares of Luxury Eyewear: % Value 2016-2020
Table 4 LBN Brand Shares of Luxury Eyewear: % Value 2017-2020
Table 5 Distribution of Luxury Eyewear by Format: % Value 2016-2021
Table 6 Forecast Sales of Luxury Eyewear by Category: Value 2021-2026
Table 7 Forecast Sales of Luxury Eyewear by Category: % Value Growth 2021-2026
LUXURY GOODS IN MALAYSIA
EXECUTIVE SUMMARY
Luxury goods in 2021: The big picture
2021 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 8 Sales of Luxury Goods by Category: Value 2016-2021
Table 9 Sales of Luxury Goods by Category: % Value Growth 2016-2021
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2016-2021
Table 11 NBO Company Shares of Luxury Goods: % Value 2016-2020
Table 12 LBN Brand Shares of Luxury Goods: % Value 2017-2020
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2021
Table 14 Forecast Sales of Luxury Goods by Category: Value 2021-2026
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2021-2026
DISCLAIMER
SOURCES
Summary 1 Research Sources
KEY DATA FINDINGS
2021 DEVELOPMENTS
Despite prolonged exposure to digital devices and subsequent boost to luxury spectacle frames, the ongoing presence of the virus slows industry recovery in 2021
Limited travel and home-based lifestyles and subsequent decimation of impulse purchases hamper category sales in 2021
Industry players and retailers engage in discounting in order to make their brands more enticing and to shift old stock
PROSPECTS AND OPPORTUNITIES
Strong recovery for luxury eyewear from 2022 onwards
Consumers continue to favour bricks and mortar distribution channels although e-commerce sees further growth through the development and progression of virtual try-on technology
Industry recovers as society resumes normality though discounts remain a crucial marketing strategy as both consumers and industry players recover from the economic fallout from the pandemic
CATEGORY DATA
Table 1 Sales of Luxury Eyewear by Category: Value 2016-2021
Table 2 Sales of Luxury Eyewear by Category: % Value Growth 2016-2021
Table 3 NBO Company Shares of Luxury Eyewear: % Value 2016-2020
Table 4 LBN Brand Shares of Luxury Eyewear: % Value 2017-2020
Table 5 Distribution of Luxury Eyewear by Format: % Value 2016-2021
Table 6 Forecast Sales of Luxury Eyewear by Category: Value 2021-2026
Table 7 Forecast Sales of Luxury Eyewear by Category: % Value Growth 2021-2026
LUXURY GOODS IN MALAYSIA
EXECUTIVE SUMMARY
Luxury goods in 2021: The big picture
2021 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 8 Sales of Luxury Goods by Category: Value 2016-2021
Table 9 Sales of Luxury Goods by Category: % Value Growth 2016-2021
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2016-2021
Table 11 NBO Company Shares of Luxury Goods: % Value 2016-2020
Table 12 LBN Brand Shares of Luxury Goods: % Value 2017-2020
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2021
Table 14 Forecast Sales of Luxury Goods by Category: Value 2021-2026
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2021-2026
DISCLAIMER
SOURCES
Summary 1 Research Sources
