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Nigeria Eyewear Market (2020-26): Market Forecast

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DESCRIPTION

Nigeria Eyewear Market (2020-26): Market Forecast By Product (Spectacles, Sunglasses, Contact Lenses & Others), By End-User (Male, Female, Unisex), By Distribution Channels (Online, Offline), By Regions (Northern Region, Western Region, Eastern Region) And Competitive Landscape

Nigeria Eyewear Market report thoroughly covers market by products, types, distribution channels, and regions. Nigeria Eyewear market outlook report provides an unbiased and detailed analysis of the on-going Nigeria Eyewear market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Nigeria Eyewear Market Synopsis

Nigeria Eyewear Market witnessed a moderate growth during the period 2016-2019 due to the rising consumer consciousness and increasing middle class population that is leading to increased spending on fashion products. Furthermore, rising concerns for quality products for vision correction coupled with increased brand consciousness amongst the consumers are some of the factors driving the growth of the Nigeria eyewear market. Additionally, the pandemic COVID-19 hit the country in 2020, due to which lockdown was imposed in the country and several other countries as well which resulted in supply chain disruptions, thereby, leading to a slowdown in market growth. Furthermore, the closure of markets across the country also had an adverse impact on the market demand. However, recovery is expected in the market owing to increase in digitalization and work from home policy adopted by most of the companies, prompting increased usage of electronic devices, thus, fostering the demand for anti-glare eyewear products for eye protection. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth.

According to 6Wresearch, Nigeria Eyewear Market size is projected to grow at CAGR of 4.3% during 2020-2026. The primary reason for growth in the Nigeria eyewear industry can be attributed to the higher proportion of young and middle-aged people in the overall population, along with rising screen time of both working population and children. Moreover, the increase in air pollution and high UV rays penetrating the atmosphere would further augment the demand for protective glasses in the forthcoming period, owing to increasing awareness among people regarding their health. Additionally, with rapid urbanization and increasing internet penetration, there has been a tremendous increase in online shopping, online gaming and trading along with online studying and working as well, leading to eye strains as a result of the blue light of the electronic screens, which would further enhance the need for protective glasses and spectacles in the coming years.

Market Analysis by Product

On the basis of product, spectacles dominated the Nigeria eyewear market in 2019 as a result of increased exposure to smartphones, laptops and computer screens due to the changing lifestyle and technological advancement. However, the market demand for sunglasses is anticipated to grow at a faster pace in the coming years underpinned by rising fashion statements amongst the young population in the country coupled with changing climatic conditions due to which the need for eye protection is rising.

Key Attractiveness of the Report

COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2016 to 2020.
Base Year: 2019
Forecast Data until 2026.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report

Nigeria Eyewear Market Overview
Nigeria Eyewear Market Forecast
Nigeria Eyewear Market Outlook
Nigeria Eyewear Market, Until 2026
Historical and Forecast data of Nigeria Eyewear Market Revenues for the Period 2016-2026F
Historical data of Nigeria Eyewear Market Revenues, By Product Type for the Period 2016-2019
Market Size & Forecast data of Nigeria Eyewear Market Revenues, By Product Type until 2026F
Historical data of Nigeria Eyewear Market Revenues, By Product Form for the Period 2016-2019
Market Size & Forecast data of Nigeria Eyewear Market Revenues, By Product Form until 2026F
Historical data of Nigeria Eyewear Market Revenues, By Distribution Channel for the Period 2016-2019
Market Size & Forecast data of Nigeria Eyewear Market Revenues, By Distribution Channel until 2026F
Historical data of Nigeria Eyewear Market Revenues, By End Users for the Period 2016-2019
Market Size & Forecast data of Nigeria Eyewear Market Revenues, By End Users until 2026F
Market Drivers, Restraints and Trends
Market Trends and Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
Market Player’s Revenue Shares
Market Competitive Benchmarking
Company Profiles
Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By End Users

Men
Women
Unisex

By Products

By Regions

Northern Region
Western Region
Eastern Region

TABLE OF CONTENTS

1. Executive Summary

2. Introduction

2.1 Report Description

2.2 Key Highlights of the Report

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3. Nigeria Eyewear Market Overview

3.1 Nigeria Eyewear Market Revenues, 2016-2026F

3.2 Nigeria Eyewear Market-Industry Life Cycle

3.3 Nigeria Eyewear Market-Porter’s Five Forces

3.4 Nigeria Eyewear Market Revenue Share, By End-users, 2019 & 2026F

3.5 Nigeria Eyewear Market Revenue Share, By Products, 2019 & 2026F

3.6 Nigeria Eyewear Market Revenue Share, By Distribution Channels, 2019 & 2026F

3.7 Nigeria Eyewear Market Revenue Share, By Regions, 2019 & 2026F

4. Nigeria Eyewear Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5. Nigeria Eyewear Market Trends

6. Nigeria Eyewear Market Overview, By End-users

6.1 Nigeria Eyewear Market Revenues, By Men, 2016-2026F

6.2 Nigeria Eyewear Market Revenues, By Women, 2016-2026F

6.3 Nigeria Eyewear Market Revenues, By Unisex, 2016-2026F

7. Nigeria Eyewear Market Overview, By Products

7.1 Nigeria Eyewear Market Revenues, By Sunglasses, 2016-2026F

7.2 Nigeria Eyewear Market Revenues, By Spectacles, 2016-2026F

7.3 Nigeria Eyewear Market Revenues, By Contact Lenses, 2016-2026F

7.4 Nigeria Eyewear Market Revenues, By Others, 2016-2026F

8. Nigeria Eyewear Market Overview, By Distribution Channels

8.1 Nigeria Eyewear Market Revenues, By Online, 2016-2026F

8.2 Nigeria Eyewear Market Revenues, By Offline, 2016-2026F

9. Nigeria Eyewear Market Overview, By Regions

9.1. Nigeria Eyewear Market Revenues, By Regions, 2016-2026F

10. Nigeria Eyewear Market Key Performance Indicators

11. Nigeria Eyewear Market Opportunity Assessment

11.1 Nigeria Eyewear Market, Opportunity Assessment, By End Users, 2026F

11.2 Nigeria Eyewear Market, Opportunity Assessment, By Products, 2026F

11.3 Nigeria Eyewear Market, Opportunity Assessment, By Distribution Channels, 2026F

11.4 Nigeria Eyewear Market, Opportunity Assessment, By Regions, 2026F

12. Nigeria Eyewear Market Competitive Landscape

12.1 Nigeria Eyewear Market Competitive Benchmarking, By Product

12.2 Nigeria Eyewear Market Revenue Share, By Company, 2019

13. Company Profiles

14. Key Strategic Recommendations

15. Disclaimer

List Of Tables

1. Population Of Nigeria (2018-2020)

2. Population in Top 8 Urban Agglomerations in Nigeria, 2015 & 2030F (Million Persons)

3. Nigeria Eyewear Market Revenues, By Regions, 2016-2026F ($ Million)

4. List of Upcoming Skyscrapers in Nigeria

5. Average UV Index in 12 Top Cities in Nigeria (as on November 2020)

List Of Figures

1. Nigeria Eyewear Market Revenues, 2016-2026F ($ Million)

2. Nigeria Eyewear Market Revenue Share, By End User, 2019 & 2026F

3. Nigeria Eyewear Market Revenue Share, By Products, 2019 & 2026F

4. Nigeria Eyewear Market Revenue Share, By Distribution Channels, 2019 & 2026F

5. Nigeria Eyewear Market Revenue Share, By Regions, 2019 & 2026F

6. Population Distribution in Nigeria, By Age, 2020

7. Nigeria Men Eyewear Market Revenues, 2016-2026F ($ Million)

8. Nigeria Women Eyewear Market Revenues, 2016-2026F ($ Million)

9. Nigeria Unisex Eyewear Market Revenues, 2016-2026F ($ Million)

10. Nigeria Sunglasses Eyewear Market Revenues, 2016-2026F ($ Million)

11. Nigeria Spectacles Eyewear Market Revenues, 2016-2026F ($ Million)

12. Nigeria Contact Lenses Eyewear Market Revenues, 2016-2026F ($ Million)

13. Nigeria Other Eyewear Market Revenues, 2016-2026F ($ Million)

14. Nigeria Online Eyewear Market Revenues, 2016-2026F ($ Million)

15. Nigeria Offline Eyewear Market Revenues, 2016-2026F ($ Million)

16. Number of Mobile Users, Nigeria, 2016-Jul’2020 (Million Active Lines)

17. Monthly Subscriber Connected Lines in Nigeria, Jan’2020- Jul’2020 (Million Connected Lines)

18. Average UV Index, Lagos, Jan-Dec, 2019

19. Nigeria Eyewear Market Opportunity Assessment, By End Users, 2026F

20. Nigeria Eyewear Market Opportunity Assessment, By Products, 2026F

21. Nigeria Eyewear Market Opportunity Assessment, By Distribution Channels, 2026F

22. Nigeria Eyewear Market Opportunity Assessment, By Regions, 2026F

23. Nigeria Eyewear Market Revenue Share, By Companies, 2019

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