Dublin, March 17, 2023 (GLOBE NEWSWIRE) -- Maximize Market research, a global Consumer Goods & Services business-consulting firm, has published a market intelligence and competitive landscape report on the “Eyewear Market”. The total market opportunity for the Eyewear Market was USD 114.14 Bn in 2021 and is expected to grow at 8.19 percent CAGR over the forecast period to reach USD 214.25 Bn by 2029.
| Market Size in 2021 | USD 114.14 Bn |
| Market Size in 2029 | USD 214.25 Bn |
| CAGR | 8.19 percent (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 255 |
| No. of Tables | 130 |
| No. of Charts and Figures | 125 |
| Segment Covered | Product, Distribution Channel |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Eyewear Market Scope and Research Methodology:
The report is a comprehensive analysis of Eyewear Market by region, segment and competitive landscape. The Eyewear Market report provides an overview of the Eyewear Market for stakeholders, investors, market players and followers and new entrants for developing investment strategies and marketing strategies. The Eyewear Market was analysed by region, revenue, financial status, portfolio & improvement required in the logistics, technological advancement adopted, sand mergers and acquisitions. The segments covered in the Eyewear Market report are by Product, Distribution Channel.
Technical developments, investments, strategic expansion and competitive landscape of the key players operating in the Eyewear Market are also profiled. The new entrants in Distribution Channel was researched for growth prospects and future business outlooks. The analysis acts as a guide for stakeholders, investors, market players and followers, and new entrants with an overall view of the Distribution Channel for formulating investment approaches and marketing tactics. Bottom-up approach was used to estimate the Distribution Channel size and volume.
Eyewear Market Overview
The Eyewear Market includes products such as Contact Lenses, Spectacles, Sunglasses and different lens materials. The scope of Eyewear Market includes end-users men, women, and unisex eyewear, and sales channels such as online and offline retail stores. The Eyewear Market growth is driven by the increasing demand for sunglasses given the rising awareness about eye disorders.
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Rising incidence of Eye health issues influence the growth of market
Increase in the awareness related to Eye disorders across the world, is expected to drive the eyeglass products acceptance. The rising availability of spectacles and sunglasses in retails and online channels is expected to influence the market over the forecast period. Many people are suffering from myopia and hyper myopia which is expected to increase the need for eyecare related services and eyewear. The high demand for sunglasses and increase in adoption of sunglasses is influence the growth of market.
Use of cheaper frames and sunglasses is expected to hamper the growth of market
Local shops and manufacturers of eyewear producing cheaper frames, spectacles and sunglasses is expected to restrain the growth of market. Higher cost of luxurious frames, sunglasses and contact lenses have high import duties are the major factors expected to hamper the growth of Eyewear Market.
Asia-Pacific region is expected to be the fastest growing Eyewear Market over the forecast period
Asia Pacific region held the major share in eyewear market in 2021. Increasing demand for eyewear such as frames, sunglasses, colored contact lenses and frames as fashion accessories. The availability of inexpensive products & cost-effective services, which is pouring the market for eyewear in the Asia-Pacific region. The region is hub for many fashion brands is expected to growth of Eyewear Market during forecast period.
North America is also held the major amount of share in the year 2021. Well-developed e-commerce delivery system in the region and availability of services with increased local production in the region is influence the growth of market.
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Eyewear Market Segmentation
Based on Product, Spectacles segment is expected to be the largest source of Eyewear Market over the forecast period
The spectacles segment held the major share in the overall market in 2021. The segment is expected to maintain its dominating position over the forecast period. Increasing demand for contact lenses is expected to boost the contact lens segment growth.
Based on Distribution Channel, online segment is expected to be the largest source of Eyewear Market over the forecast period
The retail stores segment held the major share in the overall market in 2021. The segment is expected to maintain its dominating position over the forecast period. Rise in popularity of purchasing eyeglass products through online stores and channel is expected to grow over the forecast period
By Product, Online channel
- Contact Lenses
- Spectacles
By Distribution Channel
- Offline
- Online
Eyewear Market Key Players include:
- Bausch and Lomb Inc.
- Carl Zeiss AG
- Charmant Group
- CooperVision
- Warby Parker
- EssilorLuxotttica
- Zeiss International
- HOYA Corporation
- Johnson & Johnson Vision Care, Inc.
- Cooper Vision
- Fielmann AG
- Safilo Group S.p.A.
- Marcolin SpA.
- De Rigo Vision S.p.A
- Alcon
- Marchon Eyewear, Inc.
- Charmant Inc.
- MAUI JIM, INC.
- Bausch & Lomb
- Fittingbox
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Key questions answered in the Eyewear Market are:
- What are Eyewear?
- What was the Eyewear Market size in 2021?
- What is the forecast period of Eyewear Market?
- What is the growth rate of the Eyewear Market?
- Which factors are expected to influence the Eyewear Market growth?
- What factors are expected to hamper the Eyewear Market growth?
- Who are the key players in the Eyewear Market?
- Which segment dominated the Eyewear Market growth?
- What is the demand pattern for the Eyewear Market?
- Which region held the largest share in the Eyewear Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product, Distribution Channel
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Consumer Goods & Services research firm, has also published the following reports:
Safety Eyewear Market: The total market size was valued at USD 2.59 Bn in 2021 and is expected to grow at a CAGR of 4.2 percent from 2022 to 2029, reaching USD 3.60 Bn. The demand for various types of eye equipment such as goggles, visors, and glasses as required for job safety is influence the growth of market.
Wooden Eyewear Market: The total market size was valued at USD 49.57 Bn in 2022 and is expected to grow at a CAGR of 4 percent from 2022 to 2029, reaching USD 65.24 Bn. Growing awareness about using environment friendly products, increased availability of eco-positioned wooden eyewear products is influence the growth of market.
Sunglasses Market: The total market size was valued at USD 14.27 Bn in 2021 and is expected to grow at a CAGR of 4.1 percent from 2022 to 2029, reaching USD 19.68 Bn. Rise in the brand capability in targeting the growing middle-class segment at large, which are highly influenced by the trending fashion sense is influence the growth of market.
Spectacle Market: The total market size was valued at USD 16.21 Bn in 2021 and is expected to grow at a CAGR of 6 percent from 2022 to 2029, reaching USD 25.84 Bn. Increasing population aging, combined with the prevalence of presbyopia, is expected to generate new growth of market.
Anti-fog Coatings Market: The total market size was valued at USD 16.76 Bn in 2021 and is expected to grow at a CAGR of 3.5 percent from 2022 to 2029, reaching USD 22.07 Bn. Anti-fog coatings have proven popular as a result of their capacity to reduce light scattering is influence the growth of market.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
