Global Eyewear Market Report 2021-2027


DUBLIN, July 16, 2021 / PRNewswire / – The “Eyeglasses – Trajectory and Analysis of the World Market” report was added to ResearchAndMarkets.com offer.

Global eyewear market to reach $ 197.2 billion by 2027

In the midst of the COVID-19 crisis, the global eyewear market is estimated at US $ 139.9 billion in 2020, is expected to reach a revised size of 197.2 billion US dollars by 2027, with a CAGR of 5% over the analysis period 2020-2027.

Lenses, one of the segments analyzed in the report, is expected to register a CAGR of 4.8% and reach US $ 76.9 billion at the end of the analysis period. After an initial analysis of the business implications of the pandemic and its induced economic crisis, the growth of the Executives segment is readjusted to a revised CAGR of 5.8% for the next 7-year period.

Sunglasses segment registers a CAGR of 4.5%

In the global sunglasses segment, United States, Canada, Japan, China and Europe will lead to the estimated 4.1% CAGR for this segment. These regional markets representing a combined market size of US $ 31.6 billion in 2020 will reach a projected size of US $ 41.9 billion before the end of the analysis period.

China will remain among the most dynamic of this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific should reach 28.4 billion US dollars by 2027, while Latin America will increase at a 5% CAGR throughout the analysis period.

The US market is estimated at $ 39.4 billion, while China is expected to grow at 7.2% CAGR

The eyewear market in the United States is estimated at US $ 39.4 billion in the year 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 21.8 billion by 2027, with a CAGR of 7.2% over the analysis period of 2020 to 2027. Other notable geographies include Japan and Canada, each forecasts growth of 3.8% and 4.4% respectively over the period 2020-2027. In Europe, Germany is expected to grow about 4.3% CAGR.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Eyewear Market Amid COVID-19 Pandemic
  • COVID-19 opens a new technological era for the eye care industry
  • Increased emphasis on safety and health presents lucrative avenues for eyewear brands
  • COVID-19 to galvanize the transition from contact lenses to glasses
  • Online sales of eyewear products increase amid COVID-19 pandemic
  • Eyewear retailers rely on virtual trials
  • Eyeglass and DTC Contact Brands Harness Work From Home Trend Amid COVID-19 For Enviable Gains
  • Glasses: an introduction
  • Product presentation
  • Lentils
  • Frames
  • Sun glasses
  • Awareness of eye health: an essential factor for growth
  • Outlook
  • Prevalence of visual impairment fuels demand for glasses
  • Vision Facts, Figures and Opportunities
  • Analysis by geographic region
  • Analysis by product segment
  • Eyeglasses continue to face stiff competition from contact lenses
  • Competitive landscape
  • Recent market activity

2. FOCUS ON CERTAIN PLAYERS(Total 488 featured)

  • Carl Zeiss SA
  • From Rigo SpA
  • Essilor International SA
  • Hoya Company
  • Indo Optic SLU
  • Luxottica SpA Group
  • Oakley Inc.
  • Rodenstock GmbH
  • Safilo SpA Group
  • TEK Optics Canada

3. MARKET TRENDS AND FACTORS

  • Popular eyewear trends for 2020
  • Increase in the rate of myopia in favor of the demand for glasses
  • Increased use of screen in children and increasing risk of myopia to generate gains for the eyewear market
  • The increase in the number of presbyopes stimulates the demand for progressive glasses
  • Rising digital time drives up demand for clear protective eyewear
  • 3D printing allows the customization of glasses
  • Advances in frame and lens technologies to help improve healthcare
  • Innovations in reading glasses
  • Connected glasses: an undeniable victory over other hands-free technologies
  • Select recent smart glass introductions / innovations
  • HD glasses designed for sharper vision
  • Designer glasses: a hit with the trendy public
  • On-screen and off-screen celebrity endorsements drive acceptance of trendy eyewear
  • Innovation: name of the game for industry players
  • Online exams for vision: a new way to expand reach
  • Sports eyewear market: growing need to protect athletes’ vision to fuel demand
  • Sunglasses segment continues to add “volume” to eyewear market
  • Innovative designs and innovations to drive the sunglasses market
  • Changing Lifestyle Drives Sunglasses Market
  • Eye protection needs fuel for Plano sunglasses
  • Popularly priced sunglasses score higher than premium category
  • Growing popularity of replica sunglasses
  • Retail sales of sunglasses in travel continue to grow
  • Personalized corrective lenses are growing in popularity
  • High-end glass market: on the rise
  • Progressive lenses are growing in popularity
  • Demand for lightweight frames is on the rise
  • Manufacturers Deploy Exciting and Contemporary Frames and Lenses for Seniors
  • Growing consumer preference for refractive surgeries weighs worryingly on the eyewear market
  • Distribution dynamics
  • Online Retail Growth and Digitization Trends in Eyewear Industry
  • Accelerate prescription refills, promote the purchase of multiple pairs, essential to drive sales growth
  • Upgrades and Multiple Purchases Fuel Growth in Developed Markets
  • Premiumisation trend and growth in the affordable luxury aid market
  • MACRO GROWTH ENGINES
  • Favorable demographic trends indicate strong market potential
  • An aging population will drive demand for prescription glasses
  • Rising middle-class population in developing countries accelerates growth prospects
  • Generation Z: an important demographic factor for market growth

4. WORLD MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES

  • Market Snapshot
  • U.S. Eye Care Market: Key Vision Statistics
  • Notable trends and growth drivers
  • Need for replacements bodes well
  • Bifocal lenses: edged on the side by progressive lenses
  • The new challenge of raw materials Polycarbonate in lens manufacturing
  • Frames with more details and environmentally friendly materials remain in trend
  • Higher Health Awareness Levels Boost Sunglasses Sales
  • Aging population: an important market opportunity
  • Brick-and-mortar stores and online retailers are fighting for market share
  • Sunglasses market
  • Consumer profile
  • Polarized lenses and premium products drive sunglasses sales
  • Changing market segments bode well for the sunglasses market
  • Competitive landscape
  • Retail landscape
  • American eyewear brands
  • Market analysis

CANADA

  • Sunglasses: a favorite fashion accessory of Canadians

JAPAN

CHINA

  • Market Snapshot
  • Fashionable glasses are making their mark
  • Competitive scenario
  • Production scenario
  • Challenges facing the Chinese eyewear industry
  • Eyewear brands China

EUROPE

  • Competitive landscape
  • Asia: Main source of frames and glasses

FRANCE

GERMANY

ITALY

UK

  • Market Snapshot
  • Competition landscape and distribution dynamics
  • Eyewear brands in the UK
  • Market analysis

SPAIN

RUSSIA

REST OF EUROPE

  • Overview of some regional markets

ASIA PACIFIC

  • Market Snapshot
  • Competitive landscape

AUSTRALIA

  • Market Snapshot
  • Eyewear brands Australia

INDIA

  • Impact of COVID-19 on the Indian eyewear market
  • Sales of filtered and clear glasses increase amid COVID-19 pandemic
  • Needs-based shopping drives the eyewear market
  • Market Transitions From Utility Eyewear To High Quality Fashionable Eyewear
  • Fashion Consciousness Boosts Sales in Sunglasses Market
  • Designer sunglasses are making gains
  • Young demographics are driving the growth of sunglasses
  • Import account for Major share of optical products
  • Competitive landscape
  • Eyewear brands India
  • Market analysis

SOUTH KOREA

REST OF ASIA PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

  • Total number of profiled companies: 488

For more information on this report, visit https://www.researchandmarkets.com/r/hmsoz8

Media contact:

Research and markets
Laura Wood, senior
[email protected]

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SOURCE Research and Markets

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