Eyewear Market 2020 Global Covid-19 Impact Analysis on Healthcare Sector, Business With Forecast To 2027 is latest Report published by Fortune Business Insights. According to report Global Eyewear Market Will rise from Covid-19 crisis at 5.7% CAGR rate and will reach market value of USD 178.95 Billion by 2026. North America generated a revenue of USD 35.60 billion in 2018 and is expected to hold the highest revenue share in the market throughout the forecast period. Increasing acceptance of vision care products is estimated to boost the growth of the market in North America.
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Some of the companies operating the industry are:
- Alcon (Part of Novartis AG)
- EssilorLuxottica
- CooperVision
- Johnson & Johnson Services, Inc.
- Bausch Health Companies Inc.
- Carl Zeiss
- Fielmann AG
- Safilo Group S.p.A
Eyewear Market Analysis From 2020 To 2026:
Market for Eyewear is segmented By Product Type (Spectacles, Sunglasses, Contact Lens), By Distribution Channel (Retail Store, Online Store, Ophthalmic Clinics), and Regional Forecast, 2019-2026.
The global eyewear market size is prognosticated to reach USD 178.95 billion by 2026, projects a recent report by Fortune Business Insights. Various strategies to provide safety to the eyes from ultraviolet rays and other environmental hazards affecting the eye are adopted by vendors that will help to accelerate the eyewear market revenue in the forecast period. the market value was USD 115.90 billion in 2018. The report predicts the market to rise at a CAGR of 5.7 % within the forecast duration of 2019 to 2026.
Eyewear products such as contact lenses, sunglasses, and spectacles are used for various purposes such as protection from UV rays, as an aid for eye disorders such as myopia, hypermetropia, and others. The rise in the prevalence of eye diseases is a major factor boosting the eyewear market growth. Besides this, the vast variety of products offered by both small and large players is also anticipated to help the market gain traction in the forecast years.
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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing defense expenditure and rise in number of Eyewear contracts. In addition, increasing defense expenditure is anticipated to boost the growth of the market as well. The market analysis includes platform segment and geographical landscapes
The surge in availability of sunglasses and spectacles in online and retail channels in both developing and developed nations are anticipated to help increase the eyewear market size in the coming years. This, coupled with the rise in the geriatric population and their vulnerability towards various eye disorders such as short-sightedness and long-sightedness are further expected to drive the market in the long run.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations travel bans and quarantines restaurants closed all indoor events restricted over forty countries state of emergency declared massive slowing of the IT Spending market volatility falling business confidence, growing panic among the population, and uncertainty about future.
As per current eyewear market trends, the market is categorized on the basis of product type, distribution channel, and geography. In terms of product type, the market is segmented into three major categories such as spectacles, sunglasses, and contact lens. Further segmentation of the spectacles segment includes lens and frames. Sunglasses segment is bifurcated into prescription and plano. Lastly, the contact lens segment is further divided into sphere, multifocal, and toric. In 2018, the spectacles segment generated a market share of 79% on account of a rise in the prevalence of ocular diseases and vision problems. It is likely to continue dominating the market in the forecast duration as well on account of the rising prevalence of hypermetropia and myopia.
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The report also focuses on global major leading industry players of worldwide Eyewear market providing information like company profiles, product picture and specification, capacity, production, price, cost, revenue and get in touch with information. Upstream raw materials and equipment and downstream demand analysis is additionally administered. the worldwide Eyewear market development trends and marketing channels are analysed. Finally, the feasibility of latest investment projects is assessed and overall research conclusions offered. With tables and figures helping analyze worldwide Global Eyewear market, this research provides key statistics on the state of the industry and may be a valuable source of guidance and direction for companies and individuals curious about the market.
With respect to segmentation by distribution channels, the market is classified into ophthalmic clinics, online stores, and retail stores. The report forecasts the retail stores segment to emerge as the leading segment and continue doing so in the coming years as well. On the contrary, the ophthalmic clinics segment generated the lowest eyewear market shares.
The Global Eyewear Market 2020 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Eyewear market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market
Regional Market Overview:
Among these, North America emerged dominant in the year 2018 with market size of USD 35.60 billion on account of the rise in acceptance of vision care products and is further expected to continue doing the same in the coming years as well. On the other side, the market in Europe is anticipated to witness remarkable growth, owing to the rise in awareness about ocular diseases, coupled with the increasing affordability to buy expensive sunglasses, especially in nations such as France, UK, Germany, and others.
Moreover, Asia Pacific market is expected to witness rapid growth following Europe, because of the rise in the geriatric population and their vulnerability towards eye diseases. The rise in disposable incomes of people, coupled with the availability of cheaper eyewear products in Latin America and Asia Pacific is anticipated to help these regions to witness progressive eyewear market growth rate in the years to follow.
This report focuses on Eyewear Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2024, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
Competitive Analysis:
The Eyewear Market Size, Share, Growth report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
Key questions answered in the report:
- What will the market growth rate of Eyewear market in 2026?
- What are the key factors driving the global Eyewear market?
- Who are the key manufacturers in Eyewear market space?
- What are the market opportunities, market risk and market overview of the Eyewear market?
- What are sales, revenue, and price analysis of top manufacturers of Eyewear market?
- Who are the distributors, traders and dealers of Eyewear market?
- What are the Eyewear market opportunities and threats faced by the vendors in the global Eyewear industry?
- What are sales, revenue, and price analysis by types and applications of Eyewear market?
- What are sales, revenue, and price analysis by regions of Eyewear industry?
Table Of Content:
1 Market Overview
1.1 Eyewear Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook (2014-2024)
1.4.1.2 Canada Market States and Outlook (2014-2024)
1.4.1.3 Mexico Market States and Outlook (2014-2024)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook (2014-2024)
1.4.2.2 France Market States and Outlook (2014-2024)
1.4.2.3 UK Market States and Outlook (2014-2024)
1.4.2.4 Russia Market States and Outlook (2014-2024)
1.4.2.5 Italy Market States and Outlook (2014-2024)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook (2014-2024)
1.4.3.2 Japan Market States and Outlook (2014-2024)
1.4.3.3 Korea Market States and Outlook (2014-2024)
1.4.3.4 India Market States and Outlook (2014-2024)
1.4.3.5 Southeast Asia Market States and Outlook (2014-2024)
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook (2014-2024)
1.4.4.2 Egypt Market States and Outlook (2014-2024)
1.4.4.3 Saudi Arabia Market States and Outlook (2014-2024)
1.4.4.4 South Africa Market States and Outlook (2014-2024)
1.4.4.5 Turkey Market States and Outlook (2014-2024)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
3 Global Eyewear Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
3.1 Global Eyewear Sales and Market Share by Manufacturer (2017-2018)
3.2 Global Eyewear Revenue and Market Share by Manufacturer (2017-2018)
3.3 Market Concentration Rate
3.3.1 Top 3 Eyewear Manufacturer Market Share in 2018
3.3.2 Top 6 Eyewear Manufacturer Market Share in 2018
3.4 Market Competition Trend
4 Global Eyewear Market Analysis by Regions
4.1 Global Eyewear Sales, Revenue and Market Share by Regions
4.1.1 Global Eyewear Sales and Market Share by Regions (2014-2019)
4.1.2 Global Eyewear Revenue and Market Share by Regions (2014-2019)
4.2 North America Eyewear Sales and Growth Rate (2014-2019)
4.3 Europe Eyewear Sales and Growth Rate (2014-2019)
4.4 Asia-Pacific Eyewear Sales and Growth Rate (2014-2019)
4.5 South America Eyewear Sales and Growth Rate (2014-2019)
4.6 Middle East and Africa Eyewear Sales and Growth Rate (2014-2019)
5 North America Eyewear by Country
5.1 North America Eyewear Sales, Revenue and Market Share by Country
5.1.1 North America Eyewear Sales and Market Share by Country (2014-2019)
5.1.2 North America Eyewear Revenue and Market Share by Country (2014-2019)
5.2 United States Eyewear Sales and Growth Rate (2014-2019)
5.3 Canada Eyewear Sales and Growth Rate (2014-2019)
5.4 Mexico Eyewear Sales and Growth Rate (2014-2019)
8 South America Eyewear by Country
8.1 South America Eyewear Sales, Revenue and Market Share by Country
8.1.1 South America Eyewear Sales and Market Share by Country (2014-2019)
8.1.2 South America Eyewear Revenue and Market Share by Country (2014-2019)
8.2 Brazil Eyewear Sales and Growth Rate (2014-2019)
8.3 Argentina Eyewear Sales and Growth Rate (2014-2019)
8.4 Colombia Eyewear Sales and Growth Rate (2014-2019)
9 Middle East and Africa Eyewear by Countries
9.1 Middle East and Africa Eyewear Sales, Revenue and Market Share by Country
9.1.1 Middle East and Africa Eyewear Sales and Market Share by Country (2014-2019)
9.1.2 Middle East and Africa Eyewear Revenue and Market Share by Country (2014-2019)
9.2 Saudi Arabia Eyewear Sales and Growth Rate (2014-2019)
9.3 Turkey Eyewear Sales and Growth Rate (2014-2019)
9.4 Egypt Eyewear Sales and Growth Rate (2014-2019)
9.5 Nigeria Eyewear Sales and Growth Rate (2014-2019)
10 Eyewear Market In Developing Conutries
11 South America Eyewear Market Analysis by Countries
12 Competitive Landscape
13 Industry Outlook
13.1 Market Driver Analysis
13.1.2 Market Restraints Analysis
13.1.3 Market Trends Analysis
13.2 Merger, Acquisition and New Investment
13.3 News of Product Release
14 Global Eyewear Market Forecast
15 New Project Feasibility Analysis
15.1 Industry Barriers and New Entrants SWOT Analysis
15.1.1 Porter’s Five Forces Analysis
15.1.2 New Entrants SWOT Analysis
15.2 Analysis and Suggestions on New Project Investment
Continued…
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