Eyewear Market Size | 2021 Global Analysis By Growth Insights, Developments, Emerging Technologies, COVID-19 Impact, Share, Key Players, Trends, Regional Outlook And Global Industry Forecast To 2028 is latest study published by Fortune Business Insights. Eyewear market expected to reach 172 Billion value exhibiting a 6.0% CAGR by 2028. Eyewear Industry is segmented By Product Type (Spectacles, Sunglasses, Contact Lens), By Distribution Channel (Retail Store, Online Store, Ophthalmic Clinics), and Regional Forecast, 2021-2028.
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Key Companies Studied In Report:
Alcon (Part of Novartis AG), EssilorLuxottica, CooperVision, Johnson & Johnson Services, Inc., Bausch Health, ompanies Inc., Carl Zeiss, Fielmann AG, Safilo Group S.p.A.
Eyewear Market Highlights:
The global eyewear market size is expected to reach USD 178.95 Billion by 2026; owing to increasing cases of deteriorating eye health and trendsetting launch of eyewear products by the manufacturers across the globe. Eyewear is an integral part of everybody’s life. Whether it is for that so-called nerdy look, or style statement, they have always been in demand across the consumers. Additionally, they are beneficial for enhancing one’s eyesight and protect against the harmful effects of pollution. The most common type of eyewear is the numbered glasses or the spectacles, contact lenses, and sunglasses, among others. Furthermore, there are googles too that protect the eyes from the harmful UV rays by offering a UV protection film. With celebrities advocating new fashion style by mounting several types of eyewear, the demand keeps on soaring among the people once it is witnessed as a fashion statement.
According to the World Health Organization (WHO), around 2.2 Billion people are suffering from eye blindness and vision impairment. Additionally, over a billion people across the globe suffer from vision impairment owing to be deprived of the care they require to treat conditions such as cataracts, glaucoma, and short and far sightedness, among others. An increasing number of people suffering from ocular disorders is expected to boost the sales of eyewear products in the forthcoming years. Furthermore, the increasing number of geriatric population in developed and developing regions will bode well for the growth of the market during the forecast period.
The segment Spectacles (By Product Type) generated maximum revenue and held a 79.0% market share in 2018. Additionally, the segment is likely to dominate owing to increasing cases of hypermetropia and myopia among the population across the globe. This is likely to be followed by the contact lenses and sunglasses segment owing to increasing consumer base across the developed and developing economies during the projected horizon.
Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Eyewear market to figure out and study the market’s needs, market size, and competition.
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)
Among the regions, the market in North America is anticipated to remain dominant and generate high global eyewear market revenue in the forthcoming years. In addition to this, the region was worth USD 35.60 Billion in 2018 and is likely to foresee massive growth. This is ascribable to factors such as increasing acceptance for eye care products in the region. Europe, on the other hand, is expected to witness growth backed by increasing awareness for ocular disorders and high demand for premium eye care products. Furthermore, affordable sunglasses in countries such as the U.K., France, and Germany will contribute to the growth of the market in Europe.
The market in Asia-Pacific is likely to be the second-most leading region during the forecast period. This is attributable to factors such as increasing geriatric population in countries such as China, Japan, and India. Moreover, high disposable incomes and availability of cheaper eyewear products in Asia-Pacific will drive the market growth between 2019 and 2026.
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 2028, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
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Eyewear 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
Competitive Analysis And Industry News:
Major companies in the global Eyewear Market are increasingly focusing on research and development activities to create new and innovative products to stay ahead of the competition. Staying on top of market trends and drivers is crucial for decision-makers to hold this emerging opportunity. The study provides information on market trends and development, drivers, capacities, technologies, and the changing investment structure of the Eyewear Industry.
Key questions answered in the report:
- What will the market growth rate of Eyewear Market in 2028?
- 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 Global market?
- What are sales, revenue, and price analysis of top manufacturers of Eyewear Global market?
- 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 market?
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Table of Content:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1 Key Industry Developments – Merger, Acquisitions, and Partnerships
4.2 Technological Developments
4.3 Porter’s Five Forces Analysis
4.4 SWOT Analysis
4.5 Impact of COVID-19
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 (2020-2028)
5.1.2 North America Eyewear Revenue and Market Share by Country (2020-2028)
5.2 United States Eyewear Sales and Growth Rate (2020-2028)
5.3 Canada Eyewear Sales and Growth Rate (2020-2028)
5.4 Mexico Eyewear Sales and Growth Rate (2020-2028)
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 (2020-2028)
8.1.2 South America Eyewear Revenue and Market Share by Country (2020-2028)
8.2 Brazil Eyewear Sales and Growth Rate (2020-2028)
8.3 Argentina Eyewear Sales and Growth Rate (2020-2028)
8.4 Colombia Eyewear Sales and Growth Rate (2020-2028)
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 (2020-2028)
9.1.2 Middle East and Africa Eyewear Revenue and Market Share by Country (2020-2028)
9.2 Saudi Arabia Eyewear Sales and Growth Rate (2020-2028)
9.3 Turkey Eyewear Sales and Growth Rate (2020-2028)
9.4 Egypt Eyewear Sales and Growth Rate (2020-2028)
9.5 Nigeria Eyewear Sales and Growth Rate (2020-2028)
10 Eyewear Market In Developing Countries
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
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