The global Eyewear market size is to be worth around US$ 300 billion by 2030, according to a new report by Vision Research Reports, size was valued at US$ 150.60 billion in 2020 and is anticipated to grow at a CAGR of 9.5% during forecast period 2021 to 2030.
Eyewear Market By Product(Contact Lenses, Spectacles, Spectacle Lenses, Sunglasses)by Distribution Channel(E-Commerce, Brick & Mortar)
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Technological advancements have surged the exposure of younger generation to smartphones and computers leading to eyesight problems such as hyperopia, myopia, and astigmatism, thereby fuelling the demand for prescription glasses and contact lens. Manufacturers are expected to invest in new product development with reduced glare and improved UV protection. Increasing prevalence of Computer Vision Syndrome (CVS) or digital eye strain with continuously working on a computer system will augment the eyewear market share.
Eyewear comprises accessories that are worn over the eyes for vision correction or to protect eyes from debris, harmful radiations or excessive light.Eyewear includes spectacles, lenses and sunglasses worn for vision correction or protection of eyes from harmful UV lights and dust particles. Factors such as increasing life span, growing geriatric population, and changing fashion trends have fostered the demand for eyewear, worldwide.
Growing visual deficiencies and need for correct vision has resulted in increasing demand for eyewear. Presently, millennials are more dependent and attracted towards digital devices such as laptops, video games, mobile phones, etc. Spending long hours on these devices has increased the incidence of eye disorders in them.
In the present scenario, consumers not only wear eyewear for vision correction, but also for enhancing one’s appearance. Numerous market players offer innovative spectacles and lenses, owing to technological advancements and availability of lightweight materials. Emerging countries, such as India, China are exhibiting a rapid growth in the eyewear market.
Major Impacting Key Factors
- Growing visual deficiency and eye defects
- Rising living standards and growing fashion trend
- Collaborations between different institutions to mitigate vision disorder in rural areas
- Ageing population
How has COVID- 19 Impacted the Eyewear Market?
The COVID-19 pandemic has impacted the overall adoption trends of eyewear in 2020. Kids began spending more time on digital devices rather outdoor activities, which resulted increase in eye disorders and rising demand for eyewear. Even the work from home culture has increased demand for spectacles. Movie theaters were closed as a result of lockdowns, which had a negative impact on sales of 3D glasses.
However, all this has allowed eyewear companies to gain higher sales of anti-fatigue and blue light canceling lenses, thereby resulting in overall market growth.
After the unprecedented events of 2020, it has become important to capture the impact of COVID-19 and recalibrate our findings with the actual market scenario. This edition (2021-2031) brings readers up-to-date with key market developments, providing analysis on how manufacturers and other stakeholders are reacting to change. Key industry metrics have been captured, and their impact on eyewear sales has been analyzed.
Key Players
- Johnson & Johnson Vision Care, Inc.
- ESSILORLUXOTTICA
- CooperVision
- Carl Zeiss AG.
- Bausch & Lomb Inc.
- Safilo Group S.p.A
Market Segmentation
- Product Outlook
- Contact Lenses
- Premium Contact Lenses
- Mass Contact Lenses
- Spectacles
- Spectacle Frames
- Type
- Premium Spectacle Frames
- Mass Spectacle Frames
- Style
- Round
- Square
- Rectangle
- Oval
- Others
- Type
- Spectacle Lenses
- Spectacle Frames
- Sunglasses
- Lens Type
- Polarized Sunglasses
- Non-Polarized Sunglasses
- Lens Material
- CR-39
- Polycarbonate
- Polyurethane
- Others
- Lens Type
- Contact Lenses
- Distribution Channel Outlook
- E-Commerce
- Brick & Mortar
- Regional Outlook
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Japan
- Vietnam
- South America
- Brazil
- MEA
- North America
Read More Details@ https://www.visionresearchreports.com/eyewear-market-size-share-trends-growth-production-consumption-revenue-company-analysis-and-forecast-2021-2030/37213
In this study, the years considered to estimate the market size of Eyewear are as follows:
- Historic Year: 2017-2020
- Base Year: 2021
- Forecast Year 2021 to 2030
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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