The global eyewear market is forecast to grow at a compound annual growth rate (CAGR) of more than 5% during the forecast period from 2021-2030.
Eyewear consists of accessories worn over the eyes to correct vision or protect the eyes from debris, radiation, or excessive light. There are numerous types of eyewear, including spectacles, lenses, and sunglasses worn for vision correction or protection against harmful UV rays and dust. Consumers today wear eyewear not only for vision improvement but also to enhance their appearance.
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Factors Affecting
- The aging population and an extended lifespan are primary factors driving the growth of the eyewear market. Older people tend to have several vision-related problems, such as presbyopia and cataracts, leading to an increased need for eyewear.
- Patients with diabetes need to undergo routine eye examinations to prevent vision problems. Thus, growing vision impairments and deficiencies will affect the growth of the eyewear market during the forecast period.
- Aiming for high living standards and increasing fashion consciousness will boost the market growth for eyewear.
- In partnership with various agencies, governments in numerous countries provide affordable eye care services to rural populations. Such initiatives would enable rural people to access efficient eye care and healthcare. As a result, these partnerships will drive the market for eyewear forward.
Impact Analysis of COVID-19
Globally, the eyewear industry faced COVID-19’s impact on every stage of its value chain, including workforce losses, raw materials supply (lens materials, frame materials, polishing materials), trade & logistics, and uncertain consumer demand. The outbreak has a particularly adverse effect on the production, distribution, and inventory rates for eyewear. The closure of retail stores boosted e-commerce sales for eyewear products. Several companies started offering remote eye prescriptions after adjusting to the situation. Although the demand for trendy eyewear has declined, e-commerce has been crucial for the growth of contact lenses and eyeglasses.
Regional Overview
Among the worldwide eyewear market, North America held the largest share, followed by Europe.
Europe will likely be the second-largest regional market due to high average selling prices and a strong inclination of the masses towards premium products. Increasingly, premium consumers look for scratch-resistance, anti-reflective, and UV-blocking eyewear items, increasing the demand in a particular region. In Europe, leading eyewear manufacturers such as Safilo and Luxottica have contributed to this growth.
Leading Competitors
The leading prominent competitors in the global eyewear market are:
- EssilorLuxottica SA (France)
- Johnson & Johnson Vision (United States)
- CooperVision (United States)
- Charmant Group (Japan)
- Chemiglas Corporation (South Korea)
- De Rigo S.p.A (Europe)
- Fielmann Group (Europe)
- Hoya Corporation (Japan)
- Marchon Eyewear, Inc. (United States)
- Rodenstock GmbH (Europe)
- Shamir Optical Industry Ltd. (Middle East)
- Silhouette International Schmied AG (Europe)
- Marchon Eyewear, Inc. (United States)
- Rodenstock GmbH (Europe)
- Shamir Optical Industry Ltd. (Middle East)
- Silhouette International Schmied AG (Europe)
- Other Prominent Players
Scope of the Report
The global eyewear market segmentation focuses on Product Type, Material, End-Users, Distribution Channel, and Region.
Segmentation based on Product Type
- Contact Lenses
- Soft
- Rigid
- Spectacles
- Spectacle Lenses
- Spectacle Frames
- Sunglasses
- Polarized
- Non-Polarized
Segmentation based on Material
- Glass
- Plastics
- Metal
Segmentation based on End-Users
- Male
- Female
Segmentation based on Distribution Channel
- Online Store
- Retail Store
- Specialty Stores
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Eyewear Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Eyewear market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Eyewear Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Eyewear market Size Forecast (2023-2032).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Eyewear market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Eyewear market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Eyewear market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Eyewear business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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