Eyewear Market: Overview
The Global eyewear market is
expected to register exponential growth over the forecast period owing to the
growth in eye defect and increasing awareness regarding eye health. It is an
essential accessory that aid in numerous visual defects such as myopia and
hyperopia. Factors such as acute myopia at a younger age and acceptance as a
trendy accessory are expected to drive the growth of the eyewear market.
Another factor driving the market potential is the increasing use of computers
and smartphones has resulted in rising cases of Computer vision syndrome (CVS)
caused due to focusing the eyes on a display device for so long.
Moreover, a rise in the number of
optical deficiencies and growth in the elderly population across the world is
expected to augment the eyewear market growth. Also, the changing lifestyle and
technological advancements have led to prolonged exposure to electronic devices
that have caused strain on eyes. Thus, the need among individuals to protect
their eyes is expected to drive the eyewear demand globally. Furthermore, the
rise in disposable income has resulted in the augmented purchase of eyeglasses
and the mounting likings of luxury and branded sunglasses are contributing
significantly to the eyewear demand over the forecast period. Additionally,
manufacturers have introduced innovative eyewear products to gain the momentum
of the emerging market.
Eyewear Market- Product Analysis
Based on the product, the global
eyewear market is categorized into Spectacles, Contact Lenses and Sunglasses.
The sunglasses segment to witness the fastest growth during the forecast period
due to the increasing awareness of eye protection from harmful UVB and UVV rays
has influenced the demand for sunglasses. Moreover, the increased level of
competition in the sunglasses market has resulted in reduced prices and product
innovation. Also, the key players are focusing on offering their products
through various e-commerce website and applications such as KREWE and Lenskart,
to improve their branding and online presence across the global market.
Furthermore, the introduction of contact lenses has served an easy way for the
consumer to shun eyeglasses, without going through laser treatment, that in
turn propelling the growth of the global eyewear market during the forthcoming
Eyewear Market- Distribution Channel Analysis
The global eyewear market based on
the distribution channel is categorized into Online Stores, Retail Stores, and
Specialty Stores. The specialty stores segment dominates the global eyewear
market and is expected to continue its dominance over the coming years. The
manufacturers have also adopted vertical integration and an effective
distribution network to drive profitability. The specialty stores are still the
most preferred channels for consumers to purchase eyeglasses owing to the
offered range of services including eye examinations and consultations from
practiced optometrists. However, a shift in consumer preference toward online
purchasing and booming e-commerce will enhance product sales and factors such
as shopping experience, convenient home delivery, and competitive pricing are
the major factors driving product sale through online store distribution
Eyewear Market- Regional Analysis
The Europe region is expected to
be the largest regional market, primarily due to high average selling prices
for the eyewear products and a strong inclination toward the premium category.
Premium consumers are increasingly opting for scratch-resistant,
anti-reflective, and UV protected eyewear products, which is further fueling
the demand in a particular region. Moreover, the presence of major eyewear
vendors such as Safilo and Luxottica has led the European region to dominate in
the global eyewear industry. However, the Asia Pacific region is expected to
emerge as the fastest-growing region. Factors such as the dense population,
changing lifestyle, and increasing purchasing power are estimated to be the key
drivers contributing to the regional growth. Thus, the robust eyewear demand is
expected to result in an increased growth rate despite lower selling prices
over the forecast period.
Key players in the global eyewear market
include CooperVision, Luxottica Group S.p.A, Bausch + Lomb Inc., CooperVision,
Fielmann AG, and Safilo Group S.p.A. and others. Acquisitions, mergers, and new
product developments are key strategies used by key participants to improve
their competitiveness and to cater customer bases in the global market. For
instance, in January 2017, Essilor International SA and Luxottica Group S.p.A
entered into merger agreement, in order to improve its position in the global
Objective of the Study:
analyze and forecast market size of the global eyewear market, in terms of
value and volume.
examine the careful market segmentation and forecast the market size, in terms
of value, on the premise of the region by segmenting global eyewear market into
five regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, Latin America and their
· To outline, categorized and
forecast the global eyewear market on the basis of product type, material and end-user,
and distribution channel.
examine competitive developments like expansions, technological
advancement, services, and regulative framework within
the global eyewear market.
highlight the impact analysis of the factors, affecting the market dynamics
such as drivers, restraints, opportunities, and challenges.
strategically profile the key players and comprehensively analyze their market
shares along with detailing the competitive landscape for market leaders.
Key Target Audience:
Market research and consulting firms
Raw material suppliers
Research organizations and consulting
Organizations, associations, and alliances
related to global eyewear
Scope of the Report
By Product Type
ü Contact Lenses
By Distribution Channel
the report provides analysis of the eyewear market with respect to the following geographic segments
and their high performing regions:
Business Questions answer by the report
How will the market drivers, restraints
and opportunities affect the market dynamics?
What will be the market size in terms of value
and volume and market statistics with detailed classification
Which segment dominates the market or region
and one will be the fastest growing and why?
A comprehensive survey of the competitive
landscape and the market participant players
Analysis of strategy adopted by the key player
and their impact on other players.
Customization Scope for the Client
Client satisfaction is our
first and last priority. And that’s why BlueWeave Consulting offers
customization according to Company’s specific needs. The following
customization options are available for the report:
Additional Company Information
With five additional company detail analysis.
Additional country analysis.