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Eyewear Market2024 | Global Industry Key Leaders -Luxottica Group S.p.A., Essilor International, Zeiss International, Johnson & Johnson Vision Care, Inc., Bausch & Lomb Inc., Marchon Eyewear, Inc., Fielmann AG, HOYA Corporation, De Rigo S.p.A and Zeiss In

Eyewear Market

Eyewear Market

GMI presents a most up-to-date research on “Eyewear Market”– Global Industry Analysis, Size, Share, By Product (Spectacles [By Product {Frame (By Material [Plastic, Metal]), Lenses (By Material [Polycarbonate, Plastic, Polyurethane, Trivex])}], Contact Lenses [By Product {RGP, Soft Contact, Hybrid Contact}, By Material {Silicone, PMMA, Polymer}], Plano Sunglasses [By Product {Polarized, Non-Polarized}, By Material {CR-39, Polycarbonate}]), By Distribution Channel [Optical Stores, Independent Brand Showrooms, Online Stores, Retail Stores] Growth Potential, Trends Statistics, Regional Outlook ((U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Sweden, Switzerland, Norway, Belgium, Bulgaria, India, Japan, China, South Korea, Thailand, Indonesia, Malaysia, Vietnam, Taiwan, Singapore, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Egypt, Tunisia)and Forecast 2017 – 2024”.

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According to a new research report by Global Market Insights, Inc. Eyewear Market size is projected to exceed USD 180 billion by 2024.

Rising vision correction necessity, pertaining to growing geriatric population will drive the eyewear market growth. Shifting consumer preference towards durable, lightweight and trendy eyewear products coupled with growing disposable income will drive the product demand.

Computer oriented work environments along with prolong exposure to digital displays such as tablets, smartphones, and television cause vision strain. This increases the the risk of visual impairment such as myopia, astigmatism, hypermetropia/hyperopia, and presbyopia, which will positively influence the product demand over the forecast period.

In addition, various health care organizations and non-profit associations conduct vision health check-up facilities for poverty-stricken people. This will support eyewear market penetration in the developing nations. Environmental and genetic factors will also lead to a surge in demand for the prescription eyeglasses over the forecast period.

Spectacles accounted for over USD 85 billion in 2016. Increasing replacement demand, as well as growing preference for high-quality lenses with low maintenance, will propel market. Rising demand for lenses due to growing population suffering from keratoconus and astigmatism will augment eyewear market.

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Contact lens will witness significant growth and reach up to 1,300 million units by 2024. Growing consumer preference for disposable lenses will propel product market. RGV lenses are expected to be the most lucrative segment over the forecast time frame.

Independent brand showrooms catered for more than 20% of eyewear market share in 2016. Trained and experienced staff along with superior customer service will boost the market. Brand loyalty and aftersales service are the major factors to strengthen this segment.

Online stores will witness the maximum growth of over 5% upto 2024. Rising trend of online shopping and booming e-commerce industry will enhance the product growth. Competitive pricing among online retailers will further support the industry.

Europe eyewear market dominated by Italy and UK accounted for over 25% of the global industry share in 2016. Growing regional gray population will benefit product market. Further consumer preference for premium over regular eyewear products will augment the market over the forecast period.

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Asia Pacific is projected to witness significant growth over 4.5% by 2024. Trend for fashionable sunglasses among the youth will boost demand for luxury eyewear products.

Global eyewear market is competitive in nature owing to the presence of numerous regional and local manufacturers. Key players include Luxottica, Bausch & Lomb, Carl Zeiss, Charmant Group, CIBA Vision, Daemyung, Chemilens, Fielmann, Essilor, Hoya, Seiko and Johnson & Rodenstock. Other major contributors in the market are De Rigo SpA., Marchon, Marcolin, and Safilo.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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