Global Eyewear Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.
Global Eyewear Market, by End User
An increase in awareness for eye healthcare, purchasing power among population, preferences to the luxury and branded sunglasses and demand for eye protection are some of the prominent drivers behind the growth global eyewear market. Additionally, rise in demand for vision correction eyewear, fashion trend, vision deteriorates, vision correction spectacles, and requirement of eyewear for protection of eyes from radiations are expected to boost the market growth in the global eyewear market.
On the other hand, a major barrier in the sustainable growth of the eyewear industry is the stark divide in the access of innovative, affordable, and effective eye care solutions.
Based on the distribution channel, the global eyewear market is segmented into retail stores and online stores. The online store is expected to share significant growth in the global eyewear market. The significant growth in the market is attributed to the online retailing provides more discounts and wider options to purchase.
Online platform become popular because of it provide the delivery to the doorstep by order of products. With an online platform, the consumer can compare the price of a eyewear on different websites. Online platforms delivers the home delivery and exchange & return offer , which turns to increase the popularity of the online retail platform.
Thre women segment is expected to hold the largest share of the market during the forecast period because of the the rise in demand for fashionable and international brands of spectacles from women’s.
An increase in the usage of the sunglasses as a fashion accessory are expected to drive the global eyewear market growth. Eyewear key players are focusing on the fulfilling the changing fashion requirements of customers. An increase in adoption of innovative technologies for manufacturing sunglasses are expected to improvements in the quality of luxury sunglasses. Additionally, they are constantly creating efforts to deliver customized eyewear, considering factors like color, style, and shape and enhancing the quality of their products for superior branding for brand conscious customers.
Region-wise, The Asia Pacific region is projected to be leading region in the global eyewear market. In the region, consumer perception for eyewear is transforming from function to fashion. Many eyewear products are manufactured in China at a reasonably low manufacturing cost, which is expected to drive the regional growth.The active approach of consumers is offering key opportunities for eyewear key players and retailers to expand their consumer base in the region.
The objective of the report is to present a comprehensive analysis of Global Eyewear Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Eyewear Market dynamics, structure by analysing the market segments and project the Global Eyewear Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Eyewear Market make the report investor’s guide.
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Scope of the Report Eyewear Market
Global Eyewear Market, by Product Type
• Prescription Glasses
• Contact Lenses
• Sunglasses
Global Eyewear Market, by Distribution Channel
• Retail Stores
• Online Stores
Global Eyewear Market, by End User
• Men
• Women
Global Eyewear Market, by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players, Global Eyewear Market
• Essilor International S.A.
• Safilo Group S.P.A
• GrandVision
• Prada S.P.A.
• Luxottica Group S.P.A
• Fielmann AG
• Carl Zeiss AG
• Johnson & Johnson, Inc.
• CooperVision
• Bausch + Lomb Inc.
• Fielmann AG
• Safilo Group S.p.A.
• Marcolin S.p.A.
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