The Global Eyewear Market is emerging the market demand due to changing fashion trends and rising visual deficiency cases
The global eyewear market expected to spur market value with USD 170.24 billion with anticipating CAGR in the forecast period from 2020-2027. The emerging demand for eyewear is increasing in the global market owes to the rise in disposable income, changing lifestyle, growing activities, and work over the computer, smartphones are developing visual deficiency and growing demand for eyewear for optical correction.
With the increasing disposable income of residents, consumer spending power has increased, and consumer psychology has gradually matured. The consumer demand for glasses is developing in a diversified and personalized direction. Therefore, digging deeply into the consumer preferences of specific groups and subdividing the consumer market has become a new trend in the eyewear market.
Moreover, with the emerging disposable income of the consumer, people are willing to spend their income on themselves to enhance their appearances. Thus, today's time, the consumer not only wear eyewear for vision correction but also to look stylish.
Therefore, the younger consumers and the geriatric population are mainly capturing the largest share of the eyewear market. The market demand for sunglasses is driving not just to protect eyes from UV rays, but sunglasses are purchased as a fashion accessory by men and women both.
Product Type overview in the Global Eyewear Market
Based on the product type, the global eyewear market segment into Prescription Glasses/Spectacles, Sunglasses, Contact Lenses. The contact lenses segment estimated to dominate the maximum share of the global eyewear market in the forecast period from 2020-2027. It is mainly due to the convenience of wearing contact lenses and can wear by myopia affected person. Moreover, contact lenses come in different colors and primarily used by females to meet the aesthetic requirement of beauty. Therefore, contact lenses not only aimed at people with short-sightedness but also a big hobby in the beauty industry.
Mode of Sale overview in the Global Eyewear Market
Based on the mode of sale, the global eyewear market classified into Retail stores, Online stores. The retail stores' segment dominated the largest market share in the global eyewear market. The demand for retail stores is fueling owing to the availability of eyewear with different varieties, trending features, color, shape, and material glasses sold. Moreover, the retail stores are also gaining demand in the market as the optometrists are handling the retail eyewear stores that provide lenses for myopia, sunglasses, prescription lenses. Also, the need for online stores will grow in the forecast period from 2020-2027. It is due to the increasing penetration of online service is gaining customer attraction. Thus, various eyewear companies are selling glasses online by offering 3D technology to test different lenses on customer and choose accordingly.
End-Users overview in the Global Eyewear Market
Based on the end-users, the global eyewear market bifurcated into men and women. The women segment has captured the largest share in the global eyewear market. The demand for sunglasses, contact lenses is contributing to increasing the percentage of eyewear by the women segment. As women are very high risk of refractive errors and therefore, demand for eyewear with different materials, color, and patterns are dominating the market at the global level.
Region overview in the Global Eyewear Market
Based on geography, the global eyewear market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific is the world's fastest-growing eyewear market, accounting for the largest share in the global market. It is mainly owing to the changing lifestyle, fashion trends, increasing the young generation, and geriatric population risk for vision errors are growing market share of eyewear in the Asia Pacific.
Global Eyewear Market: Competitive Landscape
Companies such as Carl Zeiss AG, Essilor International S.A., Grand Vision, Johnson & Johnson, Inc., Prada S.p.A., Safilo Group S.p.A., Luxottica Group S.p.A., Valeant Pharmaceuticals, Cooper Vision, Inc., Fielmann AG, and others are key players in the global eyewear market
Global Eyewear Market
Report Content
1. Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2. Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
3. Executive Summary
4. Market Insights
4.1. Economic Factor Analysis
4.1.1. Drivers
4.1.2. Trends
4.1.3. Opportunities
4.1.4. Challenges
4.2. Competitors & Product Analysis
4.3. Regulatory Framework
4.4. Company market share analysis, 2019
4.5. Porter's Five forces analysis
4.6. New Investment Analysis
4.7. PESTEL Analysis
5. Global Eyewear Market Overview
5.1. Market Size & Forecast, 2016-2027
5.1.1. Demand
5.1.1.1. By Value (USD Million)
5.2. Market Share & Forecast, 2016-2027
5.2.1. By Product Type
5.2.1.1. Prescription glasses/Spectacles
5.2.1.2. Sunglasses
5.2.1.3. Contact Lenses
5.2.2. By Mode of Sale
5.2.2.1. Retail Stores
5.2.2.2. Online Stores
5.2.3. By End-User
5.2.3.1. Men
5.2.3.2. Women
5.2.4. By Region
5.2.4.1. Europe
5.2.4.2. North America
5.2.4.3. Asia Pacific
5.2.4.4. South America
5.2.4.5. Middle East & Africa
6. Europe Eyewear Market Overview
6.1. Europe Eyewear Size & Forecast, 2016-2027
6.1.1. Demand
6.1.1.1. By Value (USD Million)
6.2. Europe Eyewear Market Share & Forecast, 2016-2027
6.2.1. By Product Type
6.2.1.1. Prescription glasses/Spectacles
6.2.1.2. Sunglasses
6.2.1.3. Contact Lenses
6.2.2. By Mode of Sale
6.2.2.1. Retail Stores
6.2.2.2. Online Stores
6.2.3. By End-User
6.2.3.1. Men
6.2.3.2. Women
6.2.4. By Country
6.2.4.1. Germany
6.2.4.2. UK
6.2.4.3. France
6.2.4.4. Italy
6.2.4.5. Rest of Europe
6.2.5. Company Market Share (Top 3-5)
6.2.6. Economic Impact Study on Europe Eyewear Market
7. North America Eyewear Market Overview
7.1. North America Eyewear Market Size & Forecast, 2016-2027
7.1.1. Demand
7.1.1.1. By Value (USD Million)
7.2. North America Eyewear Market Share & Forecast, 2016-2027
7.2.1. By Product Type
7.2.1.1. Prescription glasses/Spectacles
7.2.1.2. Sunglasses
7.2.1.3. Contact Lenses
7.2.2. By Mode of Sale
7.2.2.1. Retail Stores
7.2.2.2. Online Stores
7.2.3. By End-User
7.2.3.1. Men
7.2.3.2. Women
7.2.4. By Country
7.2.4.1. US
7.2.4.2. Canada
7.2.4.3. Mexico
7.2.5. Company Market Share (Top 3-5)
7.2.6. Economic Impact Study on North America Eyewear Market
8. Asia Pacific Eyewear Overview
8.1. Asia Pacific Eyewear Market Size & Forecast, 2016-2027
8.1.1. Demand
8.1.1.1. By Value (USD Million)
8.2. Asia Pacific Eyewear Market Share & Forecast, 2016-2027
8.2.1. By Product Type
8.2.1.1. Prescription glasses/Spectacles
8.2.1.2. Sunglasses
8.2.1.3. Contact Lenses
8.2.2. By Mode of Sale
8.2.2.1. Retail Stores
8.2.2.2. Online Stores
8.2.3. By End-User
8.2.3.1. Men
8.2.3.2. Women
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Australia
8.2.4.5. Rest of Asia Pacific
8.2.5. Company Market Share (Top 3-5)
8.2.6. Economic Impact Study on Asia Pacific Eyewear Market
9. South America Eyewear Market Overview
9.1. South America Eyewear Market Size & Forecast, 2016-2027
9.1.1. Demand
9.1.1.1. By Value (USD Million)
9.2. South America Eyewear Market Share & Forecast, 2016-2027
9.2.1. By Product Type
9.2.1.1. Prescription glasses/Spectacles
9.2.1.2. Sunglasses
9.2.1.3. Contact Lenses
9.2.2. By Mode of Sale
9.2.2.1. Retail Stores
9.2.2.2. Online Stores
9.2.3. By End-User
9.2.3.1. Men
9.2.3.2. Women
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Argentina
9.2.4.3. Rest of South America
9.2.5. Company Market Share (Top 3-5)
9.2.6. Economic Impact Study on South America Eyewear Market
10. Middle East & Africa Eyewear Market Overview
10.1. Middle East & Africa Eyewear Market Size & Forecast, 2016-2027
10.1.1. Demand
10.1.1.1. By Value (USD Million)
10.2. Middle East & Africa Eyewear Market Share & Forecast, 2016-2027
10.2.1. By Product Type
10.2.1.1. Prescription glasses/Spectacles
10.2.1.2. Sunglasses
10.2.1.3. Contact Lenses
10.2.2. By Mode of Sale
10.2.2.1. Retail Stores
10.2.2.2. Online Stores
10.2.3. By End-User
10.2.3.1. Men
10.2.3.2. Women
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of Middle East & Africa
10.2.5. Company Market Share (Top 3-5)
10.2.6. Economic Impact Study on Middle East & Africa Eyewear Market
11. Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1.1. Carl Zeiss AG
11.7.1.2. Essilor International S.A.
11.7.1.3. Grand Vision
11.7.1.4. Johnson & Johnson, Inc.
11.7.1.5. Safilo Group S.p.A.
11.7.1.6. Prada S.p.A.
11.7.1.7. Luxottica Group S.p.A.
11.7.1.8. Valeant Pharmaceuticals
11.7.1.9. Cooper Vision, Inc.
11.7.1.10. Fielmann AG
11.7.1.11. Other players
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