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Eyewear Market Size with Focus on Emerging Technologies, Top Countries Data, Top Key Players Update, and Forecast 2030

Report Ocean presents a new report on eyewear market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future.

The eyewear market is forecast to grow at a compound annual growth rate (CAGR) of more than 5% during the forecast period from 2021-2030.

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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.

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.

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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

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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

What are the aspects of this report that relate to regional analysis?

The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

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Updated : 2022-05-23 22:57 GMT+08:00