Eyewear Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Consumer Goods and Food and Beverages | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC476

Introduction

Eyewear is the product used by consumers with eye ailments and disabilities to correct the vision or to protect the eyes. Eyewear consists of accessories and items worn in or over the eyes, for adornment or fashion, protection and to enhance the overall visual acuity. Some common types of eyewear are sunglasses, glasses and contact lenses. It also includes other utilitarian forms of eye protection including goggles among others. Conversely, blindfolds are also a type of eyewear and are used to block vision for different purposes. Eyewear could be of various types and may differ based on size, quality, frame and material. Growing awareness among people towards the importance of regular eye examinations and checkups is a major driving factor for the growth of global eyewear market. Due to this, the demand for corrective eyewear such as spectacles and contact lenses is increasing significantly. In addition, a large number of people use eyewear as a fashion statement. Consumers prefer to purchase eyewear from optical shops since they can encounter a wide range of eyewear services such as eye consultations and examinations from optometrists and can also try, browse and buy eyewear under one roof. Eyewear vendors are rapidly adopting modern ways of eyewear distribution such as online sales, exclusive online stores and other e-commerce websites. Online sales channels enable eyewear vendors to potentially offer a wide range of product selection along with instant implementation of marketing strategies.

Market Dynamics

Increasing population and rising prevalence of optical deficiencies are some key factors anticipated to fuel the global eyewear market over the forecast period. Also, rising awareness among consumers regarding the significance of eye examinations along with increasing purchasing capabilities of consumers are further projected to create impetus in the global eyewear market over the forecast period. In addition, rising prevalence of myopia or nearsightedness among children and adults owing to environmental and genetic factors is expected to increase the demand for prescription eyeglasses over the forecast period. Moreover, changing lifestyles and technological advancements are also leading to exposure to electronic devices such as tablets and smartphones which cause strain on eyes. Furthermore, awareness among consumers regarding the significance of efficient eye protection is anticipated to propel the overall sales of eyewear products over the forecast period. Increasing per capita disposable income among distinct demographic sections have led sunglasses and spectacle frames to be used as a fashion accessory. Eyewear vendors are focusing on introducing innovative eyewear products to suit different consumer preferences and needs. Introduction of relatively cheaper, soft and daily disposable lenses with easy maintenance and cleaning features is a majorly preferred product among consumers. However, increasing inclination of consumers towards eye treatments and surgeries is expected to hinder the growth of global eyewear market over the forecast period.

Market Classification

The global eyewear market can be segmented on the basis of product type and region. By product type, the global eyewear market can be segmented into spectacles, contact lenses and plano glasses. Spectacles can be further sub-segmented into spectacle frames and spectacle lenses. Plano glasses can be further sub-categorized into polarized sunglasses, non-polarized sunglasses, polycarbonate sunglasses, CR-39 sunglasses, polyurethane sunglasses and others. Geographically, the global eyewear market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market

Eyewear Market

Analysis Period

2014 – 2024

Historic Data

2014 – 2015

Base Year

2016

Forecast Data

2017 – 2024

Market Stratification

Product Type, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

Market Participants

Some of the key players in the global eyewear market include Bausch & Lomb Inc., Carl Zeiss AG, Charmant Group, Chemilens, CIBA Vision Inc., Daemyung Optical, CooperVision Inc., De Rigo SPA, Fielmann AG, Essilor International SA, Johnson & Johnson Vision Care, Marchon Eyewear Inc., Marcolin Eyewear SPA., Safilo Group SPA, Seiko Optical Products Co. Ltd., and Hoya Corporation among others.

Market Segmentation

Market By Product Type

·         Spectacles

o   Spectacle frames

o   Spectacle lenses

·         Contact lenses

·         Plano glasses

o   Polarized sunglasses

o   Non-polarized sunglasses

o   Polycarbonate sunglasses

o   CR-39 sunglasses

o   Polyurethane sunglasses

o   Others

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


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