Singapore Eyewear Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Spectacles/ Prescription Glasses, Sunglasses, and Contact Lenses), By Mode of Sale (Online and Offline), By End User (Men and Women), and Singapore Eyewear Market Insights, Industry Trend, Forecasts to 2035

Singapore Eyewear Market Insights Forecasts to 2035

• The Singapore Eyewear Market Size Was Estimated at USD 439.2 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 3.1% from 2025 to 2035
• The Singapore Eyewear Market Size is Expected to Reach USD 614.6 Million by 2035

According to a research report published by Spherical Insights & Consulting, The Singapore Eyewear Market Size is anticipated to reach USD 614.6 Million by 2035, Growing at a CAGR of 3.1% from 2025 to 2035. The market for eyewear in Singapore is mostly driven by increased demand for contact lenses, a growing number of myopic consumers, a high rate of brand-conscious consumers, and individuals who view sunglasses as a fashion statement.

Market Overview

Eyewear is a kind of item made to enhance vision, protect the eyes, and make a style statement. The products that make up the worldwide eyewear market include contact lenses, sunglasses, and spectacles. The primary goals of wearing these goods are to help correct eyesight and protect from damaging UVA and UVB rays.  Moreover, the Community Health Assist Scheme is one such program that advances healthcare services by providing subsidies for regular eye tests. This encourages early detection of vision problems and increases demand for eyeglasses. Additionally, the government's initiatives to promote digital transformation, such as the Smart Nation program, encourage the rise of e-commerce, which benefits online retailers of eyewear. Furthermore, Singapore's increasing need for eyeglasses items offers a good chance to invest in the industry. Eyewear selections are heavily influenced by fashion, and there may be prospects for cooperation between local eyewear businesses and global fashion labels.

Report Coverage

This research report categorizes the market for Singapore eyewear market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Singapore eyewear market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Singapore eyewear market.

Driving Factors

The eyewear market in Singapore is driven by the mostly used prescription glasses to correct vision is a growing factor. customers are likely to buy expensive eyeglasses as a result of the need for regular glasses examinations and their increased awareness of eye health problems. Due to increasing trends in population, fashionable and expensive sunglasses are used mostly.

Restraining Factors

The Singaporean eyewear market is constrained due to its high cost; luxury eyewear is more difficult for the average customer to afford. To stay in the company, businesses in this sector could have to depend on fewer, more affluent customers. Companies in the very competitive eyeglasses market find it difficult to grow and stay profitable on their own. Businesses find it difficult to increase their share of the marketplace and generate steady profits in the crowded market.

Market Segmentation

The Singapore eyewear market share is classified into product type, mode of sale, and end user.

• The spectacles/prescription glasses segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Singapore eyewear market is segmented by product type into spectacles/prescription glasses, sunglasses, and contact lenses. Among these, the spectacles/prescription glasses segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment is driven by the growth as a result of both the growing base of the aging population that requires such products and their significance in vision correction. By eliminating middlemen and utilizing scalable production techniques, online merchants are able to sell prescription eyewear at much reduced costs.

• The offline segment accounted for the largest revenue share in 2024 during the forecast period. 

The Singapore eyewear market is segmented by mode of sale into online and offline. Among these, the offline segment accounted for the largest revenue share in 2024 during the forecast period. The segment is driven by their existing broad reach, excellent customer service, and immediate product availability are the reasons for this.

• The women segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.  

The Singapore eyewear market is segmented by end user into men and women. Among these, the women segment accounted for the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment is driven by the consequences of women's growing interest in trends, eye health, and spectacles as a fashion ornament. Sales in the business are expanding as a result of social media advertising and endorsements from celebrities, which are growing more significant as more women pick spectacles as a statement piece.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Singapore Eyewear Market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Spectacle Hut
• W OPTICS
• Evershine optical
• The Eyes Inc
• Visual Mass
• Monocle
• Visual Loft
• SeeChic
• Raylite
• Optical Zone
• Rocket Eyewear
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In September 2025, Spectacle Hut announced the availability of the new Ray-Ban Meta smart glasses. The innovative eyewear features built-in Meta AI, allowing users to capture moments, listen to audio, and ask questions hands-free with transition lenses.

Market Segment

This study forecasts revenue at the Singapore, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Singapore eyewear market based on the below-mentioned segments:

Singapore Eyewear Market, By Product Type

• Spectacles/ Prescription glasses
• Sunglasses
• Contact Lenses

Singapore Eyewear Market, By Mode of Sale

• Online
• Offline

Singapore Eyewear Market, By End User

• Men
• Women