Press Resease

Eyewear Market by Product (Spectacles, Sunglasses, Contact Lenses and Sportswear), and by Distribution Channel for Optical Stores, Independent Brand Showrooms, Online Stores and Retail Stores: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023

Published Date: 19-Apr-2018 Category: Consumer Goods Report Format : PDF Pages: 110 Report Code: ZMR-2792 Status : Published

Global eyewear market expected to generate revenue of around USD 182.42 billion by end of 2023, growing at a CAGR of around 7.68% between 2017 and 2023. The rise in disposable income has resulted in the increased purchase of eyeglasses, especially spectacle frames and sunglasses, which are perceived as a fashion accessory.

Description

The report covers forecast and analysis for the eyewear market on a global and regional level. The study provides historic data of 2017 along with a forecast from 2018 to 2023 based revenue (USD Billion). The study includes drivers and restraints for the eyewear market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the eyewear market on a global level.

In order to give the users of this report a comprehensive view on the eyewear market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product type segment and distribution channel segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, the product portfolio of various companies according to the region.

Global Eyewear Market

The study provides a decisive view on the eyewear market by segmenting the market based on product type, distribution channel, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2023. Based on product type the market is segmented into spectacles, sunglasses, contact lenses and sportswear. Based on distribution channel the market is segmented into optical stores, independent brand showrooms, online stores and retail stores. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa with its further bifurcation into major countries including the U.S., Rest of North America, U.K., Germany, France, Rest of Europe, China, Japan, India, Rest of Asia Pacific, Brazil, Mexico, Rest of Latin America, Saudi Arabia, UAE, South Africa and Rest of Middle East and Africa. This segmentation includes demand for eyewear market based on individual product type and distribution channel in all the regions and countries.

The report also includes detailed profiles of end players such as Carl Zeiss, Bausch & Lomb, Charmant Group, CIBA Vision (Alcon), Chemilens, Daemyung, Cooper Vision, Fielmann, Essilor International, Hoya, Johnson & Rodenstock, Johnson Vision Care and Seiko. Other prominent players are De Rigo SpA., Luxottica Group, Marchon, Marcolin, and Safilo Group.

This report segments the global eyewear market as follows:

Global Eyewear Market: Product Type Segment Analysis

  • Spectacles
  • Sunglasses
  • Contact Lenses
  • Sportswear

Global Eyewear Market: Distribution Channel Segment Analysis

  • Optical Stores
  • Independent Brand Showrooms
  • Online Stores
  • Retail Stores

Global Eyewear Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope 
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global eyewear market, 2017 – 2023 (USD Billion)
    • 2.2. Global eyewear market: snapshot
  •  
  • Chapter 3. Eyewear Market– Market Dynamics 
    • 3.1. Introduction 
    • 3.2. Market Drivers
      • 3.2.1. Global eyewear market drivers: impact analysis 
      • 3.2.2. Growing visual deficiency and eye defects
      • 3.2.3. Collaboration between different institutions to mitigate vision disorder in rural areas
    • 3.3. Market Restraints
      • 3.3.1. Global eyewear market restraints: impact analysis     
      • 3.3.2. Acceptance to laser surgeries
    • 3.4. Opportunities 
      • 3.4.1. Demand for a different variety of eyewear
    • 3.5. Porter’s five forces analysis 
      • 3.5.1. Bargaining power of suppliers 
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. The threat from new entrants
      • 3.5.4. The threat from new substitutes
      • 3.5.5. Degree of competition                 
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by product type segment 
      • 3.6.2. Market attractiveness analysis, by distribution channel segment
      • 3.6.3. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Eyewear Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global eyewear market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New therapy launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
    • 4.3. Price trend analysis
  •  
  • Chapter 5. Global Eyewear Market– Product Type Segment Analysis
    • 5.1. Global eyewear market: product overview 
      • 5.1.1. Global eyewear market revenue share, by product type, 2017 and 2023
    • 5.2. Spectacles
      • 5.2.1. Global eyewear market for spectacles, 2017 – 2023 (USD Billion) 
    • 5.3. Sunglasses
      • 5.3.1. Global eyewear market for sunglasses, 2017 – 2023 (USD Billion) 
    • 5.4. Contact Lenses
      • 5.4.1. Global eyewear market for contact lenses, 2017 – 2023 (USD Billion)
    • 5.5. Sportswear
      • 5.5.1. Global eyewear market for sportswear, 2017 – 2023 (USD Billion)
  •  
  • Chapter 6. Global Eyewear Market– Distribution Channel Segment Analysis
    • 6.1. Global eyewear market: distribution channel overview 
      • 6.1.1. Global eyewear market revenue share, by distribution channel, 2017 and 2023
    • 6.2. Optical Stores
      • 6.2.1. Global eyewear market for optical stores, 2017 – 2023 (USD Billion)
    • 6.3. Independent Brand Showrooms
      • 6.3.1. Global eyewear market for independent brand showrooms, 2017 – 2023 (USD Billion)
    • 6.4. Online Stores
      • 6.4.1. Global eyewear market for online stores, 2017 – 2023 (USD Billion)
    • 6.5. Retail Stores
      • 6.5.1. Global eyewear market for retail stores, 2017 – 2023 (USD Billion)
  •  
  • Chapter 7. Global Eyewear Market– Regional Segment Analysis 
    • 7.1. Global eyewear market: regional overview 
      • 7.1.1. Global eyewear market revenue share, by region, 2017 and 2023
    • 7.2. North America 
      • 7.2.1. North America eyewear market revenue, by product type, 2017 – 2023 (USD Billion)
      • 7.2.2. North America eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. eyewear market revenue, by product type, 2017 – 2023 (USD Billion) 
        • 7.2.3.2. U.S. eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 7.2.4. Rest of North America
        • 7.2.4.1. Rest of North America eyewear market revenue, by product type, 2017 – 2023 (USD Billion) 
        • 7.2.4.2. Rest of North America eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion) 
    • 7.3. Europe 
      • 7.3.1. Europe eyewear market revenue, by product type, 2017 – 2023 (USD Billion)
      • 7.3.2. Europe eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 7.3.3. U.K.
        • 7.3.3.1. U.K. eyewear market revenue, by product type, 2017 – 2023 (USD Billion) 
        • 7.3.3.2. U.K. eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 7.3.4. Germany
        • 7.3.4.1. Germany eyewear market revenue, by product type, 2017 – 2023 (USD Billion) 
        • 7.3.4.2. Germany eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 7.3.5. France
        • 7.3.5.1. France eyewear market revenue, by product type, 2017 – 2023 (USD Billion) 
        • 7.3.5.2. France eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 7.3.6. Rest of Europe
        • 7.3.6.1. Rest of Europe eyewear market revenue, by product type, 2017 – 2023 (USD Billion) 
        • 7.3.6.2. Rest of Europe eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
    • 7.4. Asia Pacific 
      • 7.4.1. Asia Pacific eyewear market revenue, by product type, 2017 – 2023 (USD Billion)  
      • 7.4.2. Asia Pacific eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)  
      • 7.4.3. China
        • 7.4.3.1. China eyewear market revenue, by product type, 2017 – 2023 (USD Billion) 
        • 7.4.3.2. China eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 7.4.4. Japan
        • 7.4.4.1. Japan eyewear market revenue, by product type, 2017 – 2023 (USD Billion) 
        • 7.4.4.2. Japan eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 7.4.5. India
        • 7.4.5.1. India eyewear market revenue, by product type, 2017 – 2023 (USD Billion) 
        • 7.4.5.2. India eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 7.4.6. Rest of Asia Pacific  
        • 7.4.6.1. Rest of Asia Pacific eyewear market revenue, by product type, 2017 – 2023 (USD Billion)
        • 7.4.6.2. Rest of Asia Pacific eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
    • 7.5. Latin America 
      • 7.5.1. Latin America eyewear market revenue, by product type, 2017 – 2023 (USD Billion)
      • 7.5.2. Latin America eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 7.5.3. Brazil 
        • 7.5.3.1. Brazil eyewear market revenue, by product type, 2017 – 2023 (USD Billion) 
        • 7.5.3.2. Brazil eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 7.5.4. Mexico
        • 7.5.4.1. Mexico eyewear market revenue, by product type, 2017 – 2023 (USD Billion) 
        • 7.5.4.2. Mexico eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 7.5.5. Rest of Latin America
        • 7.5.5.1. Rest of Latin America eyewear market revenue, by product type, 2017 – 2023 (USD Billion)
        • 7.5.5.2. Rest of Latin America eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa eyewear market revenue, by product type, 2017 – 2023 (USD Billion) 
      • 7.6.2. Middle East and Africa eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 7.6.3. Saudi Arabia  
        • 7.6.3.1. Saudi Arabia eyewear market revenue, by product type, 2017 – 2023 (USD Billion) 
        • 7.6.3.2. Saudi Arabia eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 7.6.4. UAE 
        • 7.6.4.1. UAE eyewear market revenue, by product type, 2017 – 2023 (USD Billion) 
        • 7.6.4.2. UAE eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 7.6.5. South Africa
        • 7.6.5.1. South Africa eyewear market revenue, by product type, 2017 – 2023 (USD Billion) 
        • 7.6.5.2. South Africa eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
      • 7.6.6. Rest of Middle East and Africa
        • 7.6.6.1. Rest of Middle East and Africa eyewear market revenue, by product type, 2017 – 2023 (USD Billion) 
        • 7.6.6.2. Rest of Middle East and Africa eyewear market revenue, by distribution channel, 2017 – 2023 (USD Billion)
  •  
  • Chapter 8. Company Profile  
    • 8.1. Carl Zeiss
      • 8.1.1. Overview  
      • 8.1.2. Financials  
      • 8.1.3. Therapy portfolio 
      • 8.1.4. Business strategy 
      • 8.1.5. Recent developments 
    • 8.2. Bausch & Lomb
      • 8.2.1. Overview  
      • 8.2.2. Financials  
      • 8.2.3. Therapy portfolio 
      • 8.2.4. Business strategy 
      • 8.2.5. Recent developments 
    • 8.3. Charmant Group
      • 8.3.1. Overview  
      • 8.3.2. Financials  
      • 8.3.3. Therapy portfolio 
      • 8.3.4. Business strategy 
      • 8.3.5. Recent developments 
    • 8.4. CIBA Vision (Alcon)
      • 8.4.1. Overview  
      • 8.4.2. Financials  
      • 8.4.3. Therapy portfolio 
      • 8.4.4. Business strategy 
      • 8.4.5. Recent developments 
    • 8.5. Chemilens
      • 8.5.1. Overview  
      • 8.5.2. Financials  
      • 8.5.3. Therapy portfolio 
      • 8.5.4. Business strategy 
      • 8.5.5. Recent developments 
    • 8.6. Daemyung
      • 8.6.1. Overview  
      • 8.6.2. Financials  
      • 8.6.3. Therapy portfolio 
      • 8.6.4. Business strategy 
      • 8.6.5. Recent developments 
    • 8.7. Cooper Vision
      • 8.7.1. Overview  
      • 8.7.2. Financials  
      • 8.7.3. Therapy portfolio 
      • 8.7.4. Business strategy 
      • 8.7.5. Recent developments 
    • 8.8. Fielmann
      • 8.8.1. Overview  
      • 8.8.2. Financials  
      • 8.8.3. Therapy portfolio 
      • 8.8.4. Business strategy 
      • 8.8.5. Recent developments
    • 8.9. Essilor International
      • 8.9.1. Overview  
      • 8.9.2. Financials  
      • 8.9.3. Therapy portfolio 
      • 8.9.4. Business strategy 
      • 8.9.5. Recent developments
    • 8.10. Hoya
      • 8.10.1. Overview  
      • 8.10.2. Financials  
      • 8.10.3. Therapy portfolio 
      • 8.10.4. Business strategy 
      • 8.10.5. Recent developments
    • 8.11. Johnson & Rodenstock
      • 8.11.1. Overview  
      • 8.11.2. Financials  
      • 8.11.3. Therapy portfolio 
      • 8.11.4. Business strategy 
      • 8.11.5. Recent developments
    • 8.12. Johnson Vision Care and Seiko
      • 8.12.1. Overview  
      • 8.12.2. Financials  
      • 8.12.3. Therapy portfolio 
      • 8.12.4. Business strategy 
      • 8.12.5. Recent developments

Methodology

Free Analysis

Eyewear is one which wears to protect the eyes or to correct the vision. It consists of items and accessories used to aid in vision correction, cosmetic enhancement, and protection of the eyes. These products are worn to correct and alleviate refractive errors. Rising prevalence of rapid modernization in urban areas, acute myopia at younger ages, and rising consciousness about eye health conditions across the world is anticipated to drive the growth of the eye market globally.

According to WHO in 2017, around 250 million people had vision impairment of which 35 million were blind and millions had moderate to severe vision impairment, globally. The increasing use of computers and smartphones has resulted in rising cases of computer vision syndrome (CVS) caused due to focusing the eyes on a computer or other display devices for a long period of time. This is one of the factors driving the growth of the eyewear market. Apart from this the changing fashion trends and availability of new lens technologies is expected to fuel the market growth. However rising awareness and implementation of techniques for vision correction such as LASIK treatment in addition to PRK (Photorefractive Keratectomy) are major restraints that could hamper the growth of eyewear market.

Based on product type the market is segmented into spectacles, sunglasses, contact lenses and sportswear. Based on distribution channel the market is segmented into optical stores, independent brand showrooms, online stores and retail stores. Online stores segment is expected to grow rapidly during the forecast period due to the strong distribution network.

Global Eyewear Market

North America and Europe hold the leading position in the global eyewear market. The high disposable income of people in these regions has aided toward the market’s growth. While eyewear is mostly available with a higher price tag in developed economies, the fondness of consumers toward procuring premium commodities is supporting the market’s growth. Asia Pacific is projected to be the fastest growing region in the eyewear market in terms of CAGR over the forecast period.  The reason is raising penetration of international eyewear brands such as Rayban, Dior, and D&G in this region. Apart from this, the large population suffering from visual defects coupled with a low usage of any visual correction aids provides the manufacturers with a huge untapped market for growth.

Some of the key players in the eyewear market are Carl Zeiss, Bausch & Lomb, Charmant Group, CIBA Vision (Alcon), Chemilens, Daemyung, Cooper Vision, Fielmann, Essilor International, Hoya, Johnson & Rodenstock, Johnson Vision Care and Seiko. Other prominent players are De Rigo SpA., Luxottica Group, Marchon, Marcolin, and Safilo Group. The players are engaged in mergers and acquisitions to capture increased market share. Adoption of modern ways of distribution such as e-commerce and online catalogs by vendors have added value to the product offerings and distribution network.

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