According to a new market report by Lucintel, the future of the eyewear market looks promising with opportunities in the male and female eyewear market. The eyewear market is expected to grow with a CAGR of 8% from 2019 to 2024. The major growth drivers for this market are growing geriatric population, rising ophthalmic disorders such as myopia, presbyopia, and hypermetropia, rising consciousness on eye health conditions across the world, and changing fashion trends.
In this market, spectacles, contact lenses, and sunglasses are used for vision correction or protection of eyes from harmful UV lights and dust particles. Spectacle is the largest product segment. Increasing dependence upon gadgets and electronic devices have led to a rise in eyesight disorders.
Within this market, polymer frame and metal frame are the major frame material of the eyewear market. Metal based eyewear is the largest segment. Product availability in metallic frame options such as titanium, nickel, stainless steel, and beryllium offer flexibility in design. Key features such as slimness along premium designer look, superior product finishing and better aesthetic appearance with enhanced durability fueling this segment growth.
North America will remain the largest market over the forecast period due to high brand equity among customers. Customers are preferring luxury eyewear as an add-on accessory to match their apparel collection. A majority of the U.S. population prefers to make a fashion statement with different frames, shapes, and colors of glasses.
Luxottica, Essilor, Zeiss, Johnson & Johnson, Bausch & Lomb, Marchon, Fielmann HOYA, De Rigo, and Zeiss are among the major manufacturers of eyewear.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the eyewear market by product type, distribution channel, gender, material, and region. Lucintel has prepared a comprehensive research report titled “Eyewear Market 2019-2024: Trends, Forecast, and Opportunity Analysis”. This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the eyewear market by product type, distribution channel, gender, material and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
- Spectacles
- Spectacle Lenses
- Spectacle Frames
- Contact Lenses
- Soft Contact Lenses
- Rigid Contact Lenses
- Sunglasses
- Polarized Sunglasses
- Non-Polarized Sunglasses
By Frame Material Type [$M shipment analysis for 2013 – 2024]:
- Polymer
- Metal
- Others
By Distribution Channel [$M shipment analysis for 2013 – 2024]:
- Online Channel
- Offline Channel
By Gender [$M shipment analysis for 2013 – 2024]:
- Male
- Female
By Region [$M shipment analysis for 2013 – 2024]:
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- ROW
- Brazil
This research report of more than 150 pages will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the eyewear market by product type (spectacles (spectacle lenses and spectacle frames), contact lenses (soft contact lenses and rigid contact lenses), and sunglasses (polarized sunglasses and non-polarized sunglasses)), distribution channel (online channel and offline channel), gender (male, female), frame material (polymer, metal, and other), and region (North America, Europe, Asia Pacific, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the eyewear market?
Q.5 What are the business risks and threats to the eyewear market?
Q.6 What are the emerging trends in this eyewear market and the reasons behind them?
Q.7 What are some changing demands of customers in the eyewear market?
Q.8 What are the new developments in the eyewear market? Which companies are leading these developments?
Q.9 Who are the major players in this eyewear market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this eyewear area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this eyewear market?
