As per this study the Global Eyewear Market was valued USD 123.1 BN (by revenue) in 2018 and is anticipated to reach USD 197.6 BN by 2025 with a CAGR of 7%.
 
Eyewear refers to the accessories or wearable used to protect eyes from dirt, dust, and sunrays. It includes spectacles, contact lenses, safety goggles, and sunglasses that impart protection from various external factors. Among these spectacles and contact lenses are mainly used to enhance visual acuity whereas sunglasses are used for fashion purpose.
 
Market Dynamics
 
Rising usage of laptops and smart phones is one of the major factors boosting the demand of prescribed eyewear. Increasing prevalence of myopia and other optical deficiencies in youths is another factor driving eyewear market growth. Development of scratch resistance and unbreakable eyewear followed by rising awareness regarding eye protection is further fueling the market growth. However, growing count of population undergoing LASIK treatment is likely to hinder the eyewear market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of eyewear.
 
Market Segmentation
 
The broad eyewear market has been sub-grouped into product and distribution channel. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Product

• Spectacles
• Sunglasses
• Contact Lenses
• Sportswear

 
By Distribution Channel

• Optical Stores
• Independent Showroom Stores
• Online Stores 
• Retail Stores

 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for eyewear in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Eyewear Market By Revenue (USD MN)


 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the eyewear market include 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. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.