Eyewear Market- 2016-2031
Product Overview
Eyewear is a set of accessories worn over the eyes tcorrect vision or shield them from debris, harmful radiation, or tomuch light. Spectacles, goggles, and sunglasses are used tcorrect vision or shield the eyes from harmful UV rays and dust particles. Increased life expectancy, a rising geriatric population, and changing fashion trends have all fueled global demand for eyewear. In today's world, people don't only wear eyewear for vision correction; they even wear it tenhance their appearance. Because of technological advances and the availability of lightweight materials, several industry players sell innovative spectacles and lenses.
Market Highlights
Global Eyewear is expected tproject a notable CAGR of 9.9% in 2030.
Global Eyewear tsurpass USD XXXX million by 2030 from USD XXXX million in 2020 at a CAGR of 9.9% in the coming years, i.e., 2021-30. This growth is projected due tthe rising popularity of fast fashion among millennials which is encouraging eyewear manufacturers tdesign affordable and attractive eyewear. The growth of online stores is alspropelling the selling of Eyewear. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution tthe development of the global Eyewear industry.
Global Eyewear: Segments
Spectacles segment tgrow with the highest CAGR during 2021-30
Global Eyewear is segmented by product type intContact lenses, Spectacles, Sunglasses, and others. Spectacles segment held the largest market share of XX.X% in the year 2020. This is due tthe widespread use of cell phones and digital displays, which has resulted in an increase in the prevalence of computer vision syndrome (CVS) in recent years. Children developing CVS as a result of the increasing prevalence of online learning has prompted the adoption of anti-fatigue and anti-glare glasses. Recent trends, such as the increasing popularity of transparent eyeglasses and vivid translucent frames, have alsboosted the overall demand for spectacles.
Brick & Mortar segment tgrow with the highest CAGR during 2021-30
Global Eyewear is segmented by distribution channel intE-commerce and brick and mortar. Over the forecast period, the brick-and-mortar distribution channel is projected texpand at the fastest pace. Due tthe introduction of lockdowns in many countries, which limited the sales of brick and mortar stores, the revenue share has decreased marginally from previous years. However, the general pattern of having one's eye power tested by an optometrist and then purchasing glasses from a store is expected tcontinue in the coming years.
Market Dynamics
Drivers
Increasing living standards and dependence on digital technology
Increased demand for eyewear has resulted from increasing visual impairment and the need for vision correction. The younger generation is predominantly dependent on digital devices, spending the bulk of their time on cell phones, desktop computers, and videgames. People have been motivated tpurchase quality eyewear items that are in perfect keeping with their rising living standards as their disposable income has increased. Furthermore, people are now opting for fashionable and designer sunglasses in line with current market trends. Young people tend tuse contact lenses timprove their overall look. As a result, growing living standards and heightened fashion awareness would lead tthe growth of the eyewear industry, positively influencing the market growth.
Partnerships and initiatives for quality eye care
In order tminimize eye-related problems, deliberate attempts are now being made tstandardize medical and vision care services in rural areas. Various states, in conjunction with various organizations, are introducing initiatives tprovide quality eye care tthe rural population. Rural residents would benefit from accessible healthcare and eye care services if such measures were introduced. As a result of these partnerships with various organizations, the eyewear market is expected texpand.
Restraints
Changing fashion trends as well as consumer tastes
Changing fashion trends, as well as a constant change in customer tastes and expectations, have resulted in increasing prices for the Eyewear market over time. As a result, rising production costs for the market are having a negative effect on the global Eyewear industry.
Global Eyewear: Key Players
Carl Zeiss AG
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
SafilGroup S.p.A.
GrandVision
Alcon Vision LLC
Johnson & Johnson Vision Care, Inc.
Marcolin SpA
Marchon Eyewear Inc.
De RigVision S.p.A.
Essilor International
Other Prominent Players
Global Eyewear: Regions
Global Eyewear is segmented based on regional analysis intfive major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Eyewear in Europe held the largest market share of XX.X% in the year 2020 in terms of revenue. People in the area, which is known for its fashion, are increasingly wearing eyewear as a fashion accessory, such as colored contact lenses, sunglasses, and frames. Furthermore, the existence of many fashion brands in the area ensures that healthy competition is preserved by providing reasonable prices on their products. In EU-regulated countries, eyewear and sunglasses fall under the category of personal protective equipment (PPE), making it mandatory for manufacturers tmeet the directives, this helps tmonitor the market and ensures that eyewear companies have steady and safe growth opportunities.
Global Eyewear is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Eyewear report alscontains analysis on:
Eyewear Segments:
By Product Type
Contact lenses
Spectacles
Sunglasses
Others
By Distribution Channel
E-commerce
Brick and mortar
Eyewear Dynamics
Eyewear Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Eyewear is a set of accessories worn over the eyes tcorrect vision or shield them from debris, harmful radiation, or tomuch light. Spectacles, goggles, and sunglasses are used tcorrect vision or shield the eyes from harmful UV rays and dust particles. Increased life expectancy, a rising geriatric population, and changing fashion trends have all fueled global demand for eyewear. In today's world, people don't only wear eyewear for vision correction; they even wear it tenhance their appearance. Because of technological advances and the availability of lightweight materials, several industry players sell innovative spectacles and lenses.
Market Highlights
Global Eyewear is expected tproject a notable CAGR of 9.9% in 2030.
Global Eyewear tsurpass USD XXXX million by 2030 from USD XXXX million in 2020 at a CAGR of 9.9% in the coming years, i.e., 2021-30. This growth is projected due tthe rising popularity of fast fashion among millennials which is encouraging eyewear manufacturers tdesign affordable and attractive eyewear. The growth of online stores is alspropelling the selling of Eyewear. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution tthe development of the global Eyewear industry.
Global Eyewear: Segments
Spectacles segment tgrow with the highest CAGR during 2021-30
Global Eyewear is segmented by product type intContact lenses, Spectacles, Sunglasses, and others. Spectacles segment held the largest market share of XX.X% in the year 2020. This is due tthe widespread use of cell phones and digital displays, which has resulted in an increase in the prevalence of computer vision syndrome (CVS) in recent years. Children developing CVS as a result of the increasing prevalence of online learning has prompted the adoption of anti-fatigue and anti-glare glasses. Recent trends, such as the increasing popularity of transparent eyeglasses and vivid translucent frames, have alsboosted the overall demand for spectacles.
Brick & Mortar segment tgrow with the highest CAGR during 2021-30
Global Eyewear is segmented by distribution channel intE-commerce and brick and mortar. Over the forecast period, the brick-and-mortar distribution channel is projected texpand at the fastest pace. Due tthe introduction of lockdowns in many countries, which limited the sales of brick and mortar stores, the revenue share has decreased marginally from previous years. However, the general pattern of having one's eye power tested by an optometrist and then purchasing glasses from a store is expected tcontinue in the coming years.
Market Dynamics
Drivers
Increasing living standards and dependence on digital technology
Increased demand for eyewear has resulted from increasing visual impairment and the need for vision correction. The younger generation is predominantly dependent on digital devices, spending the bulk of their time on cell phones, desktop computers, and videgames. People have been motivated tpurchase quality eyewear items that are in perfect keeping with their rising living standards as their disposable income has increased. Furthermore, people are now opting for fashionable and designer sunglasses in line with current market trends. Young people tend tuse contact lenses timprove their overall look. As a result, growing living standards and heightened fashion awareness would lead tthe growth of the eyewear industry, positively influencing the market growth.
Partnerships and initiatives for quality eye care
In order tminimize eye-related problems, deliberate attempts are now being made tstandardize medical and vision care services in rural areas. Various states, in conjunction with various organizations, are introducing initiatives tprovide quality eye care tthe rural population. Rural residents would benefit from accessible healthcare and eye care services if such measures were introduced. As a result of these partnerships with various organizations, the eyewear market is expected texpand.
Restraints
Changing fashion trends as well as consumer tastes
Changing fashion trends, as well as a constant change in customer tastes and expectations, have resulted in increasing prices for the Eyewear market over time. As a result, rising production costs for the market are having a negative effect on the global Eyewear industry.
Global Eyewear: Key Players
Carl Zeiss AG
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
SafilGroup S.p.A.
GrandVision
Alcon Vision LLC
Johnson & Johnson Vision Care, Inc.
Marcolin SpA
Marchon Eyewear Inc.
De RigVision S.p.A.
Essilor International
Other Prominent Players
Global Eyewear: Regions
Global Eyewear is segmented based on regional analysis intfive major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Eyewear in Europe held the largest market share of XX.X% in the year 2020 in terms of revenue. People in the area, which is known for its fashion, are increasingly wearing eyewear as a fashion accessory, such as colored contact lenses, sunglasses, and frames. Furthermore, the existence of many fashion brands in the area ensures that healthy competition is preserved by providing reasonable prices on their products. In EU-regulated countries, eyewear and sunglasses fall under the category of personal protective equipment (PPE), making it mandatory for manufacturers tmeet the directives, this helps tmonitor the market and ensures that eyewear companies have steady and safe growth opportunities.
Global Eyewear is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Eyewear report alscontains analysis on:
Eyewear Segments:
By Product Type
Contact lenses
Spectacles
Sunglasses
Others
By Distribution Channel
E-commerce
Brick and mortar
Eyewear Dynamics
Eyewear Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
1. EXECUTIVE SUMMARY
2. GLOBAL EYEWEAR MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL EYEWEAR MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL EYEWEAR MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. GLOBAL EYEWEAR MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Product Type: Market Share (2020-2030F)
12.2.1. Contact lenses, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Spectacles, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Sunglasses, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.4. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Distribution Channel: Market Share (2020-2030F)
12.3.1. E-commerce, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Brick and mortar, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. COMPANY PROFILE
14. CARL ZEISS AG
14.1. Company Overview
14.2. Company Total Revenue (Financials)
14.3. Market Potential
14.4. Global Presence
14.5. Key Performance Indicators
14.6. SWOT Analysis
14.7. Product Launch
15. SAFILO GROUP S.P.A.
16. GRANDVISION
17. ALCON VISION LLC
18. JOHNSON & JOHNSON VISION CARE, INC.
19. MARCOLIN SPA
20. MARCHON EYEWEAR INC.
21. DE RIGO VISION S.P.A.
22. ESSILOR INTERNATIONAL
23. OTHER PROMINENT PLAYERS
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2. GLOBAL EYEWEAR MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL EYEWEAR MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL EYEWEAR MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. GLOBAL EYEWEAR MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Product Type: Market Share (2020-2030F)
12.2.1. Contact lenses, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Spectacles, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Sunglasses, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.4. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Distribution Channel: Market Share (2020-2030F)
12.3.1. E-commerce, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Brick and mortar, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. COMPANY PROFILE
14. CARL ZEISS AG
14.1. Company Overview
14.2. Company Total Revenue (Financials)
14.3. Market Potential
14.4. Global Presence
14.5. Key Performance Indicators
14.6. SWOT Analysis
14.7. Product Launch
15. SAFILO GROUP S.P.A.
16. GRANDVISION
17. ALCON VISION LLC
18. JOHNSON & JOHNSON VISION CARE, INC.
19. MARCOLIN SPA
20. MARCHON EYEWEAR INC.
21. DE RIGO VISION S.P.A.
22. ESSILOR INTERNATIONAL
23. OTHER PROMINENT PLAYERS
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
