Eyewear Market: 2020 Business Strategies by Leading Industry Players | Bausch + Lomb Inc., Johnson & Johnson Vision Care, Prada S.p.A, Safilo Group S.p.A, Fielmann AG, Cooper Companies and others

The "Global Eyewear Market: 2020" Industry Report is a professional and in-depth study on the current state of the Eyewear Market by PMR. The Eyewear market is supposed to demonstrate a considerable growth during the forecast period of 2020 - 2026. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like product launches, joint ventures, mergers and acquisitions and the respective effect on the sales, import, export, revenue and CAGR values have been studied completely in the report. The scope of this Eyewear market report can be expanded from market scenarios to comparative pricing between major players. The emerging trends along with major drivers, challenges and opportunities in the market are also identified and analysed in this report.

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The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

The well-known companies profiled in the report include

o Luxottica Group S.p.A
o Bausch + Lomb Inc.
o Johnson & Johnson Vision Care
o Carl Zeiss AG
o GrandVision
o Essilor International S.A.
o Cooper Companies, Inc.
o Fielmann AG
o Safilo Group S.p.A
o Prada S.p.A
o Hoya Corporation
o De Rigo SpA

The global eyewear market is segmented on the basis of product type, distribution channel, and geography.

Eyewear Market Size and Forecast, by Product Type
o Key Findings
o Spectacles
o Lenses
o Sunglasses

Eyewear Market Size and Forecast, by Distribution Channel

o Offline
o Online

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The increasing rate of diseases associated with vision, along with growing ageing population majorly drives the market growth. Consumers are increasingly becoming aware of eye health, which supports market growth. The growing popularity of fashion trends, and increasing disposable income encourage consumers to purchase designer and branded eyewear. Other factors driving market growth include spending longer durations in front of computers and laptops, increasing cases of myopia, hypermetropia, & astigmatism, and changing dietary habits. New emerging markets, emerging consumer demographics, and sale through online channels would provide growth opportunities for eyewear market in the coming years.

The growing popularity of fashion trends has increased the demand for branded and luxury eyewear products. Consumers are increasingly buying spectacle frames, lenses, and sunglasses with respect to changing fashion trends. The rising standards of living, increasing disposable income, and increase in fashion conscious population drives the market for luxury eyewear products. Earlier premium eyewear products were only available at selected stores at high prices. However, with technological advancements, and mass manufacturing processes, global players are offering these products globally at affordable prices.

Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, leading to rising living standards and high disposable income. Expansion of global players into these countries to tap market potential boosts the market growth. Increasing use of mobile devices and online shopping further augments market growth.

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