Press release
How COVID-19 Impacting Spectacles Market ? Top Key Players : Zenni Optical Inc., Carl Zeiss , EssilorLuxottica , Warby Parker, Fielmann AG , Ciba Vision , HOYA Corporation , Safilo Group S.p.A., Johnson and Johnson Vision , Other prominent market players
Spectacles Market
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The report covers :
o Global spectacles market trends, with detailed analysis on consumer trends & manufacturer trends.
o Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
o Key areas of investments identifying market opportunities and challenges in forecast time frame.
o Competitive analysis of the industry players along with the overview on strategic management.
o Comprehensive company profiles of the major industry players.
An Overview of the Impact of COVID-19 on this Market :
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of corona virus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this [Market].
Please visit : https://www.fortunebusinessinsights.com/industry-reports/spectacles-market-101953
Leading Players operating in the Spectacles Market are :
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
o Zenni Optical, Inc.
o Carl Zeiss
o EssilorLuxottica
o Warby Parker
o Fielmann AG
o Ciba Vision
o HOYA Corporation
o Safilo Group S.p.A.
o Johnson and Johnson Vision
o Other prominent market players
High Demand for Trendy Spectacles Worldwide to Fuel Growth
In the developed nations, namely, the U.K., Italy, France, and the U.S., premium quality spectacle frames have started becoming a major fashion statement. The demand for trendy eyewear is also gradually increasing in the emerging nations on account of rising disposable income. Besides, there is a reduction in the rate of contact lens usage. The masses are inclining rapidly towards spectacles. Apart from that, several companies present in the market are adopting smart business strategies. All these factors are anticipated to boost the spectacles market growth during the forecast period.
North America to Dominate: Increasing Acceptance of Vision Care Products Will Favor Growth
In terms of region, the market is grouped into Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. Amongst them, North America had generated USD 27.59 billion spectacles market share in 2018 and is likely to retain its dominant position in the coming years. This growth is attributable to the increasing preference for premium eye care products, rising acceptance of vision care products, and surging awareness programs regarding various types of ocular disorders. Additionally, the region houses populaces with high disposable income that can afford to purchase high-quality frames.
Asia Pacific, on the other hand , would follow the footsteps of North America and remain in the second position during the forthcoming period. It is likely to occur because of the rising geriatric population in countries, namely China and Japan. Coupled with this, the increasing prevalence of vision refractive errors and up surging affordability of vision care products are expected to augment growth in this region.
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