Global Eyewear Market to amass substantial gains by 2025

February 04, 2020


According to the research report titled ‘Eyewear Market Size By Product (Spectacles [By Product {Frame (By Material [Plastic, Metal]), Lenses (By Material [Polycarbonate, Plastic, Polyurethane, Trivex])}], Contact Lenses [By Product {RGP, Soft Contact, Hybrid Contact}, By Material {Silicone, PMMA, Polymer}], Plano Sunglasses [By Product {Polarized, Non-Polarized}, By Material {CR-39, Polycarbonate}]), By Distribution Channel [Optical Stores, Independent Brand Showrooms, Online Stores, Retail Stores] Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Sweden, Switzerland, Norway, Belgium, Bulgaria, China, India, Japan, South Korea, Thailand, Indonesia, Malaysia, Vietnam, Taiwan, Singapore, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Egypt, Tunisia), Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global eyewear market is expected to register substantial growth by the year 2025.
 

According to the report, increased pervasiveness of CVS (computer vision syndrome) among millennial population due to rising adoption of television, mobile phones, and computers is a major factor driving the eyewear market growth. Increasing awareness pertaining to eye health and rising per capita income are fostering the product demand across the globe. Moreover, evolving fashion trends and lifestyles have compelled manufacturers to develop better optical designs as well as frames with improved coating materials, thereby further aiding the market expansion.
 

Rising inclusion of eye screening in tandem with increasing number of eye awareness campaigns are favoring the market outlook. The operational costs of manufacturing eyewear have reduced significantly over the years. This factor along with booming e-commerce sector are fueling the demand for eyewear across the globe. Adding to this, growing demand for branded products, increasing fashion awareness, and favorable government regulations which attract foreign investments are boosting the market growth.
 

Based on the product landscape, the report states that the contact lenses eyewear market segment is presumed to cross USD 15 billion by the year 2025. Surging need for impact resistance material and technological advancements in product capabilities and material are facilitating the business scenario.
 

Citing the distribution channel, the optical stores segment held 23% share of eyewear market in the year 2018 and is slated to accrue considerable profits in the approaching years. Growing inclination towards improved customer service and availability of trained staff are stimulating the industry outlook. Moreover, shifting preferences towards branded goods and after-sales services are propelling the market growth.
 

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As per the regional analysis, the report cites that the North America eyewear industry is expected to expand with a CAGR of 3.6% during 2019-2025. Factors such as high occurrence rate of myopia among children, rising adoption of hectic lifestyle and high usage of gadgets are contributing towards the popularity of the product across the region. On the other hand, Europe eyewear industry held 30% share with Germany being the major revenue generator. Growing elderly population along with shifting preferences towards premium products are augmenting the regional demand for eyewear.
 

Vision-Ease Lens, Uvex Winter Holding, Silhouette International, Shanghai Conant Optics, Shamir Optical Industry Ltd., Seiko Optical Products, Safilo Group, Rodenstock, Fielmann AG, Essilor International S.A., Hoya Corporation, Luxottica Group, Qspex Technologies, Marcolin Eyewear, Marchon Eyewear, Johnson & Johnson, De Rigo S.p.A., Daemyung Optical Co., CooperVision, CIBA Vision, ,Chemilens, Charmant Group, Baush + Lomb Inc. and Carl Zeiss AG are the prominent companies operating in the eyewear market.


Frequently Asked Questions (FAQ) :

According to the report, increased pervasiveness of CVS (computer vision syndrome) among millennial population due to rising adoption of television, mobile phones, and computers is a major factor driving the eyewear market growth. Increasing awareness pertaining to eye health and rising per capita income are fostering the product demand across the globe. Moreover, evolving fashion trends and lifestyles have compelled manufacturers to develop better optical designs as well as frames with improved coating materials, thereby further aiding the market expansion. Rising inclusion of eye screening in tandem with increasing number of eye awareness campaigns are favoring the market outlook. The operational costs of manufacturing eyewear have reduced significantly over the years. This factor along with booming e-commerce sector are fueling the demand for eyewear across the globe. Adding to this, growing demand for branded products, increasing fashion awareness, and favorable government regulations which attract foreign investments are boosting the market growth.
The report states that the contact lenses eyewear market segment is presumed to cross USD 15 billion by the year 2025. Surging need for impact resistance material and technological advancements in product capabilities and material are facilitating the business scenario.
The North America eyewear industry is expected to expand with a CAGR of 3.6% during 2019-2025. Factors such as high occurrence rate of myopia among children, hectic lifestyle, and high usage of gadgets are contributing towards the popularity of the product across the region. On the other hand, Europe eyewear industry held 30% share of the overall market with Germany being the major revenue generator. Growing elderly population along with shifting preferences towards premium products are augmenting the regional eyewear demand.
Vision-Ease Lens, Uvex Winter Holding, Silhouette International, Shanghai Conant Optics, Shamir Optical Industry Ltd., Seiko Optical Products, Safilo Group, Rodenstock, Fielmann AG, Essilor International S.A., Hoya Corporation, Luxottica Group, Qspex Technologies, Marcolin Eyewear, Marchon Eyewear, Johnson & Johnson, De Rigo S.p.A., Daemyung Optical Co., CooperVision, CIBA Vision, Chemilens, Charmant Group, Baush + Lomb Inc., and Carl Zeiss AG are the prominent companies operating in the eyewear market.