Global US$ 142 Bn Eyewear Market Report 2020, Industry Analysis, Size, Share, Growth, Trends & Forecast Till 2025

The global eyewear market was worth US$ 123 Billion in 2019, registering a CAGR of 3.3% during 2012-2019. The market is further projected to cross US$ 142 Billion by 2025, at a CAGR of 2.4% during 2020-2025, according to a new report by IMARC Group.

Eyewear products help in improving the visual acuity and protecting the eyes against environmental damage. The increasing usage of electronic gadgets or devices by both the children and adults has led to a rise in the prevalence of eyesight related problems. Moreover, extreme exposure to UV rays and population aging have also led to an increase in the cases of visual ailments. In line with this, governments in many countries are initiating programs in partnership with different organizations to provide affordable eye care facilities, particularly to the rural population, which is aiding in augmenting the sales of eyewear products across the globe.

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Global Eyewear Market Trends:

Consumers nowadays are opting for trendy and designer sunglasses and spectacles to enhance their appearances as well as to protect their eyes from damage. Further, with rising preferences of the consumers towards luxury and premium products, the manufacturers are investing in the development and marketing of technologically advanced eyewear products. For instance, Nikon Lenswear has developed innovative lenses with improved optical designs, materials and enhanced coatings. Apart from this, many government and non-government institutions are conducting programs to create awareness among people regarding the availability of advanced treatments for eye diseases. These initiatives have facilitated the expansion of the global eyewear industry.

Browse full report with TOC: https://www.imarcgroup.com/eyewear-market

Eyewear Market Segmentation:

Market Breakup by Product:

1. Spectacles

2. Sunglasses

3. Contact lenses

Market Breakup by Gender:

1. Men

2. Women

3. Unisex

Market Breakup by Distribution Channel:

1. Optical Stores

2. Independent Brand Showrooms

3. Online Stores

4. Retail Stores

Market Breakup by Region:

1. Europe

2. North America

3. Asia Pacific

4. Middle East and Africa

5. Latin America

Competitive Landscape:

The competitive landscape of the eyewear industry has also been examined with some of the market players being Essilor, Johnson & Johnson Vision Care, Safilo and Alcon.

Also Read:

Top eyewear companies in the world: https://www.imarcgroup.com/top-5-companies-operating-global-eyewear-industry

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This release was published on openPR.