Eyewear Market 2019 | Competitor Analysis By QSpex, Johnson & Johnson Vision, ZEISS Group, uvex group, Essilor, Alcon, Safilo, Bausch + Lomb, De Rigo, Marchon Eyewear, Marcolin, The Cooper Companies, Hoya, And others
Global Eyewear Market is expected to rise from its initial estimated value of USD 135.07 billion in 2018 to an estimated value of USD 197.59 billion by 2026, registering a CAGR of 4.87% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase levels of purchasing power which has been caused by the rise in disposable income of individuals.
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This Eyewear market research report endows with the productive ideas which in turn help to make the product more effective and striking in the competitive market. The market data analyzed and evaluated in this Eyewear market report makes you achieve the business goals and objectives in preset time frame. This report underlines the specific study of the FMCG industry which explains what the market definition, classifications, applications, engagements, and global industry trends are. The Global Eyewear market research report takes into account key product developments and tracks recent acquisitions, mergers and research in the FMCG industry by the top market players.
Key Developments in the Market: Global Eyewear Market
In October 2018, Essilor and Luxottica Group SpA announced they had completed an USD 48 billion merger, combining two of the world’s foremost optical specialists. The newly formed merged company will be able to provide frames and optical lenses all under a single brand name with enhanced service and product capabilities offerings.
In August 2017, HOYA Corporation announced that they had completed the acquisition of Performance Optics, LLC along with its two subsidiaries “VISION EASE” and “Daemyung Optical”. This acquisition will expand the product offerings of HOYA Vision Care and also provide a larger geographical reach to the business division.
Key Competitors: Global Eyewear Market
Johnson & Johnson Vision, ZEISS Group, uvex group, Essilor, Alcon, Safilo, Bausch + Lomb, De Rigo, Marchon Eyewear, Marcolin, The Cooper Companies, Hoya, Silhouette International, Fielmann AG, CHARMANT Group, Seiko Optical Products, Inc., QSpex and others
Table of Contents: Global Eyewear Market
Scope/opportunities of the Report
Porter’s Five Forces Analysis
Business Decision Framework
Drivers And Challenges
Market Key Trends
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Segmentation: Global Eyewear Market
By Distribution Channel
Independent Brand Showrooms
Middle East & Africa
Market Drivers: Global Eyewear Market
Growing awareness programs and increased funding from private and government sources to provide information regarding the technologies and treatment options for eyesight available in the market
Increasing prevalence of eye-related disorders and computer vision syndrome (CVS) which has been caused due to prolonged usage of electronic devices resulting in higher eye strain; this factor is expected to drive the growth of the market
Market Restraints: Global Eyewear Market
Increasing prevalence and adoption of corrective surgeries which result in lack of need for corrective spectacles is expected to restrain the growth of the market
Presence of a significant difference between the cheap products and the high-end products; this factor is expected to restrain the growth of the market
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Competitive Analysis: Global Eyewear Market
Global eyewear market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of eyewear market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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