Global Eyewear Industry 2018 Industry Analysis, Top Players, Revenue and Market Share Report

Eyewear Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of eyewear market by product (spectacles, contact lenses, sunglasses, and others), material (plastic, glass, and polycarbonate), distribution Channel (online stores, and retail stores), end-user (men, women, and unisex) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the eyewear market it includes the five years Industry analysis and the 6 years annual forecast from 2018 to 2024. Some of the prominent participants in the global eyewear market are ZEISS International, De Rigo Vision SpA, Safilo Group S.p.A., Fielmann A.G., LUXOTTICA GROUP, CooperVision, CHARMANT Group, lenskart, CIBA VISION, Marchon Eyewear, Inc, and MAUI JIM, INC.

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Eyewear is an essential accessory used for vision correction and protection against sunlight, debris, and harmful U.V. radiations. Apart from this, eyeglasses are used in welding procedure in order to protect against high-intensity heat and light. The common forms of eyewear include sunglasses, contact lenses, and eyeglasses. Sunglasses ideally block UVA and UVB rays and contact lenses help to correct refractive errors.

According to the WHO, globally, it is estimated that approximately 1.3 billion people live with some form of vision impairment. The form that, 188.5 million people had a mild vision impairment, 217 million had moderate to severe vision impairment, and 36 million people were blind. The excessive use of gadgets such as tablets, mobile phones, computer desktops, and television develops the vision problems resulting in the purchase of more eyewear products. This in turns, driving the growth of the eyewear market.

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Growing Demand for Luxury and Branded U.V. Protection Sunglasses are Fuelling the Market

Apart from this, the number of people suffering from various eye-related diseases such as cataract, glaucoma, diabetic retinopathy, corneal opacity, and trachoma has led the demand for prescription-based eyeglasses. Moreover, age-related macular degeneration with an increase in the elderly population across the globe is escalating the growth of the eyewear market. Furthermore, growing disposable income has resulted in increased buying power of eyeglasses particularly sunglasses and spectacle frames that have a positive impact on the growth of the eyewear market.

Apart from this, the growing demand for luxury and branded U.V. protection sunglasses are fuelling the market. However, growing awareness about vision correction surgeries and procedures such as PRK (photorefractive keratectomy), LASIK (laser in-situ keratomileusis) and RLE (refractive lens exchange) are hindering the growth of the eyewear market. Furthermore, leading vendors of eyewear manufacturers are focusing on the development of new eyewear products in terms of shapes, size and material are anticipated to provide lucrative growth opportunities for the eyewear market during the forecast period.

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The global eyewear market is consolidated. Geographically, North America and Europe hold maximum share in the eyewear market. Europe is expected to grow at a significant rate owing to the presence of major eyewear players such as Safilo and Luxottica. Growing awareness about eyewear products coupled with abundant disposable income is expected to drive the demand for eyewear market in the North America region. The Asia Pacific is expected to be the fastest growing region for the eyewear market owing to the increasing demand for sunglasses, transparent and spectacles eyewear products.

Apart from this, the growing popularity of social media and e-commerce, growing purchasing power among consumers, changing lifestyle and easy availability of eyewear products, which is proliferating the demand for eyewear in this region. Moreover, growing penetration of branded eyewear vendors such as Dior, Rayon and many others in the Asia Pacific region has a positive impact on market growth.

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