Eyewear Market Insights:
The Eyewear Market was analyzed which was worth USD 171.06 Billion in the year 2022, expecting a CAGR of 8.3% during the forecast period (2023-2030), and the market is projected to be valued at USD 298.63 Billion by 2030.
Driver:
The increased adoption of Eyewear in the Specialty Glass, Ceramic & Fiber is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Eyewear also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Eyewear in many sectors also boosts the market growth during the forecast period.
Eyewear refers to any type of accessory or device that is worn over the eyes to protect them, correct vision, or enhance vision. Eyewear includes a wide range of products such as glasses, contact lenses, sunglasses, safety goggles, and virtual reality headsets. Glasses, also known as spectacles, are typically made of lenses and frames and are used to correct various vision problems such as nearsightedness, farsightedness, and astigmatism. Contact lenses are thin, curved lenses that are placed directly on the eye’s surface to correct vision or for cosmetic purposes.
Eyewear Market Research Report” was just released by Market Research Community. It is divided into several categories, including Product Type (Prescription glasses/spectacles, Sunglasses, Contact lenses), Mode of Sale (Retail stores, Online stores), End User (Men, Women), and companies (Carl Zeiss AG, Essilor International S.A., GrandVision, Johnson & Johnson, Inc., Safilo Group S.p.A, Prada S.p.A, Luxottica Group S.p.A, Valeant Pharmaceuticals International, Inc., Cooper Companies, Inc., Fielmann AG), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 8.3%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | 298.63 Billion |
| CAGR (2023-2030) | 8.3% |
| By Product Type | Prescription glasses/spectacles, Sunglasses, Contact lenses |
| By Mode of Sale | Retail stores, Online stores |
| By End User | Men, Women |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Carl Zeiss AG, Essilor International S.A., GrandVision, Johnson & Johnson, Inc., Safilo Group S.p.A, Prada S.p.A, Luxottica Group S.p.A, Valeant Pharmaceuticals International, Inc., Cooper Companies, Inc., Fielmann AG |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Eyewear market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Carl Zeiss AG, Essilor International S.A., GrandVision, Johnson & Johnson, Inc., Safilo Group S.p.A, Prada S.p.A, Luxottica Group S.p.A, Valeant Pharmaceuticals International, Inc., Cooper Companies, Inc., Fielmann AG
Market Segment Analysis:
By Product Type
- Prescription glasses/spectacles
- Sunglasses
- Contact lenses
By Mode of Sale
- Retail stores
- Online stores
By End User
- Men
- Women
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Eyewear industries in the region.
Key Eyewear Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Eyewear Market segments.
– Largest Market Share Held by Industry to Industry for Eyewear
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Eyewear Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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