Global Eyewear Market to Touch USD 197.6 BN By 2025
Posted On August 20, 2019
Value Market Research has added new report on the Global Eyewear Market, which anticipates the market to reach USD 197.6 BN by 2025 with a CAGR of 7% between 2019 and 2025. The market was valued USD 123.1 BN (by revenue) in 2018. The market of eyewear has witnessed tremendous growth over the last few years and this can be accredited to the changing mindset of the public from the need to desire. Rising usage of eyewear as a fashion statement along with the advent of variety in the models is also expected to fuel the market demand. A growing number of aging and diabetic population coupled with the increasing number of cataract surgeries is further expected to raise the market value of eyewear. Expanding retail industry, introduction of low-cost eyewear products coupled with the rising purchasing power of the people is also assumed to favor the market growth.
To elucidate eyewear, it is a wearable product used to deal with the deficiencies of poor eyesight but it can be also used to protect eyes from dust and other foreign substances. They can be categorized as spectacles, goggles, sunglasses, and contact lenses. Out of which, spectacles are more popular among consumers since they come in a variety of models. Traditionally, they are used to overcome with the poor eyesight deficiency but now they are also used as a fashion statement especially among youngsters which has given a major push to the demand of the spectacles over the last few years.
The report "Global Eyewear Market Report By Product (Spectacles, Sunglasses, Contact Lenses And Sportswear), By Distribution Channel (Optical Stores, Independent Showroom Stores, Online Stores, And Retail Stores) And By Regions - Industry Trends, Size, Share, Growth, Estimation, And Forecast, 2018-2025" precisely describe all the information relevant to industry and also projections for the forecast period.
The market segmentation includes product, distribution channel, and region. Based on the product the market has been classified into spectacles, sunglasses, contact lenses and sportswear. Out of which, spectacles are accounted for the major share in the market because of rising aging people base rate along with the increasing usage of spectacles as a fashion statement especially among adults. Based on the distribution channel the market has been fragmented into optical stores, independent showroom stores, online stores, and retail stores. Optical stores are dominating the overall distribution channel segment as they offer a wide range of eyewear and other services to the customer including consultation and eye examination. Regional segmentation covers North America, Europe, Asia-pacific, Latin America, the Middle East, and Africa. Currently, North America is dominating the overall market owing to the high disposable income of the people and growing fashion trend of using eyewear products like spectacles and lenses which is playing a very important role in increasing the market sale of the region.
The Report Segments Global Eyewear Market -
By Distribution Channel
Middle East and Africa
Players Profiled In The Report:
Bausch & Lomb, Carl Zeiss, Chairman Group, Chemilens, CIBA Vision (Alcon), Cooper Vision, Daemyung, Essilor International, Fielmann, Hoya, Johnson & Rodenstock and Johnson Vision Care and Seiko among others.
Download the FREE SAMPLE of Global Eyewear Market Research Report
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