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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