Portland, OR, June 28, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global eyewear market garnered $110,900.0 million in 2020 and is estimated to generate $237,051.1 million by 2030, manifesting a CAGR of 8.4% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, major segments, the value chain, competitive scenarios, and regional landscape. This research offers valuable guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2021-2030 |
| Base Year | 2020 |
| Market Size in 2020 | $110,900.0 Million |
| Market Size in 2030 | $237,051.1 Million |
| CAGR | 8.4% |
| No. of Pages in Report | 299 |
| Segments covered | Product type, Mode of sale, End user, and Region |
| Drivers | Growing visual deficiency and eye defects |
| Collaboration between different institutions to mitigate vision disorder in rural areas | |
| Rising living standards and growing fashion trends | |
| Ageing population | |
| Opportunities | Demand for different varieties of eyewear products |
| Restraints | Acceptance of laser surgeries |
The research offers detailed segmentation of the global eyewear market based on product type, mode of sale, end user, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
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Based on product type, the prescription glasses or spectacles segment held the highest share in 2020, accounting for around three-fourths of the global eyewear market and is expected to continue its leadership status during the forecast period. However, the contact lenses segment is expected to portray the fastest CAGR of 8.8% from 2021 to 2030. The report also studied sunglasses segment.
Based on mode of sale, the retail stores segment accounted for the highest share in 2020 contributing to more than two-thirds of the global eyewear market and is expected to maintain its lead in terms of revenue during the forecast period. However, the online stores segment is expected to manifest the highest CAGR of 9.0% throughout the forecast timeframe.
On the basis of end user, the men segment held the highest share in 2020, accounting for more than half of the global eyewear market and is expected to continue its leadership status during the forecast period. However, the women segment is expected to register the highest CAGR of 8.7% from 2021 to 2030.
By region, the North America held the largest share in 2020, contributing to nearly two-fifths of the global eyewear market and is projected to maintain its dominant share in terms of revenue by 2030. However, the Asia-Pacific region is expected to manifest the fastest CAGR of 9.3% during the forecast period.
Leading market players of the global eyewear market analyzed in the research include Safilo Group S.p.A., Fielmann AG, GrandVision, Essilor International S.A., Luxottica Group S.p.A., Johnson & Johnson, Inc., Cooper Companies, Inc., Prada S.p.A., Valeant Pharmaceuticals International, Inc., and Carl Zeiss AG.
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The report provides a detailed analysis of these key players in the global eyewear market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others, to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
