Global Eyewear Market Trends, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global eyewear market in its upcoming report titled, “Global Eyewear Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global eyewear market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global eyewear market report has been segmented on the basis of product, distribution channel, and region.

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Eyewear products are protective and corrective accessories for the eyes which includes contact lenses, spectacles and sun glasses. Eyewear is also used as a fashion accessories and protects eyes against harmful sunlight. In addition, eye defects such as hypermetropia and myopia can be easily corrected by using spectacles or contact lens.

Increasing number of cases for visual disorders have created demand for eye wear accessories which turn is expected to boost the growth of global eyewear market over the forecast period. Changing life standards coupled with maximum usage of digital devices such as laptops, mobiles is expected to create demand for spectacles which in turn is expected to fuel the growth of the market. Manufacturers are focusing on developing eye wears that has different shapes and size which is expected to boost the growth of the market. Development of new lens technologies and subsequent launch of the products in the market is anticipated to further drive the growth of the global eyewear market over the forecast period.

However, rising number of eye surgeries that correct farsightedness and nearsightedness through surgical procedures such as Laser-Assisted in Situ Keratomileusis (LASIK) is a major factor expected to restraint the growth of the global eyewear market over the forecast period.

Europe market dominates the global eyewear market in terms of revenue contribution as compared to that of markets in other regions. This is attributed to increasing demand for eyewear especially for premium eyewear and presence of major eyewear manufacturers in the region. North America accounts for second-largest revenue share contribution to the global eyewear market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years. This is attributed to the changing life style couples with increasing disposable income in countries such as China, and India. In addition, rising number of cases of visual deficiency and eye defects is another factor expected to drive the growth of Asia Pacific market over the forecast period.

Global eyewear market segmentation, by product:

• Contact lenses
• Spectacles
• Sunglasses

Global eyewear market segmentation, by distribution channel:

• Retail Stores
• Online Store

Global eyewear market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Luxottica Group S.p.A
• Fielmann AG
• Safilo Group S.p.A.,
• CooperVision Inc.
• Essilor International S.A
• Carl Zeiss A.G.
• Maui Jim, Inc.
• De Rigo Vision S.p.A.
• Marcolin S.p.A
• Seiko Optical Products Co., Ltd.