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Ecuador Eyewear Market Size, Share, Growth, Trends, Analysis: By Product: Spectacles, Sunglasses, Contact Lenses, Others; By Price Category: Mass, Premium; By End User: Men, Women, Unisex; By Distribution Channel: Online, Offline; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Ecuador Eyewear Market Size
The Ecuador eyewear market is projected to grow at a CAGR of 6.70% between 2024 and 2032.
Ecuador Eyewear Market Outlook
- In 2022, the country exported USD 408 thousand worth of eyewear frames, making Ecuador the 66th largest exporter of eyewear frames.
- As per industry reports, the major export destinations of eyewear frames from Ecuador are Guatemala, Colombia, El Salvador, Peru, and Panama.
- The expansion of the e-commerce sector in Ecuador is strengthening the market growth.
Ecuador Eyewear Market Growth
In Ecuador, the key types of visual alterations are myopia, astigmatism, hyperopia, and cataracts. It is estimated that 1/3 of individuals have some visual disorder in Ecuador. The younger generation in Ecuador is experiencing a rise in visual acuity issues due to prolonged use of technological devices, leading to a greater need for eyewear.
Additionally, the increasing temperatures and occurrences of heat waves in Ecuador is also increasing the purchase of sunglasses. Sunglasses protect from harmful UV rays and the reduction in UV exposure improves overall vision and visibility while driving as well.
Online channels are gaining traction in Ecuador due to their improved convenience and better pricing. These channels allow customers to search for product information and compare prices and benefits like discounts before making their purchasing decisions. In 2022, the digital economy in Ecuador constituted a value of USD 3.17 million, a growth of 36% from a value of USD 2.33 billion in 2020.
Ecuador Eyewear Industry Segmentation
Ecuador Eyewear Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Spectacles
- Sunglasses
- Contact Lenses
- Others
Market Breakup by Price Category
- Mass
- Premium
Market Breakup by End User
- Men
- Women
- Unisex
Market Breakup by Distribution Channel
- Online
- Offline
Ecuador Eyewear Market Share
According to the National Council for Equality of Disabilities (CONADIS), in Ecuador, 20,288 people over 65 years of age have a visual disability, with Guayas province having the most visual impairments. The increasing cases of visual impairment among both younger and older populations is catering to an increased demand for eyewear, further driving the growth of eyewear market in Ecuador.
Leading Manufacturers in Ecuador Eyewear Market
Market players are increasingly providing newer varieties and forms of eyewear, catering to the changing consumer preferences.
- Gianni Versace S.r.l.
- EssilorLuxottica SA
- Inti Eyewear
- Silhouette International Schmied AG
- Maku Sunglasses Co.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Price Category |
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| Breakup by End User |
|
| Breakup by Distribution Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Eyewear Market Overview
8.1 Key Industry Highlights
8.2 Latin America Eyewear Historical Market (2018-2023)
8.3 Latin America Eyewear Market Forecast (2024-2032)
8.4 Latin America Eyewear Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Ecuador
8.4.5 Others
9 Ecuador Eyewear Market Overview
9.1 Key Industry Highlights
9.2 Ecuador Eyewear Historical Market (2018-2023)
9.3 Ecuador Eyewear Market Forecast (2024-2032)
10 Ecuador Eyewear Market by Product
10.1 Spectacles
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Sunglasses
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Contact Lenses
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Ecuador Eyewear Market by Price Category
11.1 Mass
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Premium
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Ecuador Eyewear Market by End User
12.1 Men
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Women
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Unisex
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Ecuador Eyewear Market by Distribution Channel
13.1 Online
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Offline
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 900490)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Gianni Versace S.r.l.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 EssilorLuxottica SA
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Inti Eyewear
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Silhouette International Schmied AG
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Maku Sunglasses Co.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Eyewear Market: Key Industry Highlights, 2018 and 2032
2. Ecuador Eyewear Market: Key Industry Highlights, 2018 and 2032
3. Ecuador Eyewear Historical Market: Breakup by Product (USD Million), 2018-2023
4. Ecuador Eyewear Market Forecast: Breakup by Product (USD Million), 2024-2032
5. Ecuador Eyewear Historical Market: Breakup by Price Category (USD Million), 2018-2023
6. Ecuador Eyewear Market Forecast: Breakup by Price Category (USD Million), 2024-2032
7. Ecuador Eyewear Historical Market: Breakup by End User (USD Million), 2018-2023
8. Ecuador Eyewear Market Forecast: Breakup by End User (USD Million), 2024-2032
9. Ecuador Eyewear Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
10. Ecuador Eyewear Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. Ecuador Eyewear Market Structure
Key Questions Answered in the Report
The eyewear market in Ecuador is estimated to grow at a CAGR of 6.70% between 2024 and 2032.
The two kinds of price categories for eyewear are mass and premium.
Spectacles, sunglasses, and contact lenses are the different eyewear products in the market report.
Online and offline are the two distribution channels for eyewear.
The end users of eyewear are men, women and unisex.
The major players in the market are Gianni Versace S.r.l, EssilorLuxottica SA, Inti Eyewear, Silhouette International Schmied AG, and Maku Sunglasses Co, among others.
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