Eyewear Market Research Report

 

Eyewear Market:

The GMI Research expects the eyewear market to expand at a significant rate. From a regional perspective, Europe is projected to dominate the market. As per the "Fashion Revolution Foundation," in April 2019, around 1700 fashion events were held with approximately 80,000 participants, which shows the hyperactivity of the fashion population.

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Eyewear Market Dynamics (including market size, share, trends, forecast, growth, and industry analysis)

Key Drivers

The global eyewear market is predicted to witness an upsurge in demand during the forecast period due to the growing eye-defects and visual deficiency worldwide. As per WHO, around 2.2 billion people in 2019 had vision impairment or blindness. According to the eyewear industry statistics, the increasing burden of vision impairment and eye conditions in low and middle-income regions, particularly in sub-Saharan Africa and South Asia, will fuel the demand for spectacles to correct the vision impaired population. In addition to this, the strong demand for luxury eyewear and the emerging trend of following brands are some other factors propelling the growth of the global eyewear market size. Furthermore, the rising status of fast fashion among millennials enforces manufacturers to manufacture and design attractive and affordable eyewear. Additionally, people are adopting trendy and designer sunglasses, which will bolster the growth of the eyewear market share in terms of revenue.

Strategic directions integrated by the companies will further stimulate the growth of the global eyewear market. For instance, organizations in India, including Vision Express and Coolwinks, are providing an eye-check-up for the patients at home. The players provide the users to select their frames and try them in real-time with the e-commerce platform like "Lenskart," which will boost the demand of the market. On the other hand, the factors hindering the growth of the market include the higher cost of the lenses and maintenance regarding the product.

Eyewear Market’s leading Manufacturers:

·        Alcon

·        Coolwinks

·        Vision Express

·        EssilorLuxottica

·        CooperVision

·        Bausch Health Companies Inc

·        ZEISS International

·        Fielmann

·        Safilo Group S.p.A.

·        Johnson & Johnson Vision

Eyewear Market Segmentation:

Segmentation by Product Type:

·        Contact Lenses

·        Spectacles

·        Sunglasses

Segmentation by End-User:

·        Men

·        Women

·        Unisex

Segmentation by Distribution Channel:

·        Offline

·        Online

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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