Eyewear Market - Technological Advancement and Incredible Opportunities Forecast To 2027 | Major Players De Rigo S.p.A., Marcolin S.p.A., Safilo Group Spa, Fielmann AG., Cooper Companies Inc., Johnson & Johnson Vision Care, Inc., Hoya Corporation, Carl Ze

Eyewear accessories help in improving visual acuity caused due to myopia and hyperopia. Eyewear is also used as a fashion accessory and for the protection of eyes from debris, dust and harmful radiations such as UV rays or excessive sunlight. Excessive exposure of eye to U.V. radiation or sunlight causes several disease and conditions such as macular degeneration, cataracts, pterygium, photokeratitis and may result in temporary to permanent vision lost.

The global eyewear market is estimated to account for 461.60 Bn in terms of value by the end of 2027, witnessing CAGR of 6.0% during the forecast period (2020-2027).

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Market Dynamics:

Increasing geriatric population globally coupled with rising prevalence of visual disorders are major driving factors, expected to drive growth of the global eyewear market. For instance, according to the World Health Organization, the number of people falling in the age group of 65 and above is estimated to be 1.5 billion in 2050. Further, changing fashion trends globally is expected to spur demand for sunglasses, globally. However, laser corrective techniques that are available to treat eye disorders could hamper growth of the market.

Europe held the dominant position in the global eyewear market in 2016, due to the increasing prevalence of defects related to the eye in the region. According to the WHO about 24.3% of the overall European population suffers from myopia, and the condition is nearly twice as common in younger people and around 47% of those of aged between 25 and 29 years have myopia. Apart from this, presence of leading industry players such as Luxottica Group S.p.A in Europe is another factor for significant growth of the regional market.

Asia Pacific is projected to be the fastest growing region in the global eyewear market over the forecast period, owing to rising demand for spectacles and sunglasses amongst the emerging economies such as China and India. According to the WHO, the geriatric population in the Asia Pacific region is projected to reach to nearly 923 million by 2050. This is expected to lead to rise in demand for spectacles, due to increasing visual disorders that tend to develop amongst the geriatric population. Moreover, key players are focusing on increasing awareness regarding numerous visual defects in various rural areas through programs and this is expected to aid manufacturers in enhancing their market share. For instance, in 2015, Essilor Vision Foundation team in India began an extensive program with the goal of giving 90,000 school children access to vision screenings and distribute free glasses.

Competitive Landscape:

Major players involved in the global eyewear market are De Rigo S.p.A., Marcolin S.p.A., Safilo Group Spa, Fielmann AG., Cooper Companies Inc., Johnson & Johnson Vision Care, Inc., Hoya Corporation (Life Care), Carl Zeiss AG, Essilor International S.A, and Luxottica Group SpA.

Market Opportunities:

1. Increasing demand for innovative eyewear products and increasing popularity of Internet-based sales transactions due to the widespread adoption of e-commerce is expected to generate significant growth opportunities for the eyewear market. For instance, in January 2020, Rodenstock launched new collection of spectacles to take advantage of the opportunity provided by the increasing demand for innovative products in Europe.

2. The emergence of COVID-19 and stringent government regulations are also expected to offer some lucrative growth opportunities for players in the market. For instance, in EU-regulated countries, eyewear products come under Personal Protective Equipment (PPE), making it mandatory for suppliers to follow the instructions.

Market Trends:

1. Increasing adopting of trendy and designer eyewear products and rising sense of fashion among people is a major trend in the eyewear market. For instance, in November 2020, Question What's Real (QWR) launched its first Make in India smart audio eyewear 'AURL' to offer a hands-free experience where a user does not need to reach out to his/her smartphone for everything, saving 30% screen time per day over 10% use.

2. Major players in the market are adopting various inorganic strategies, such as partnership and collaboration, to strengthen their market position. For instance, in February 2021, Kering Eyewear teamed up with China Duty Free Group (CDFG) to reveal a Lunar New Year sunglasses special edition from Gucci; available in Chinese travel retail through CDFG stores.

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Table of Contents:

1. Research Objective and assumption
o Research Objectives
o Assumptions
o Abbreviations

2. Market Purview
o Report Description
• Market Definition and Scope
o Executive Summary
• Market Snippet By Product Type
• Market Snippet By Distribution Channel
• Market Snippet By End-User
• Market Snippet By Region
o Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis
o Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Regulatory Scenario
• Industry Trend
• Merger and Acquisitions
• New Product Approvals/Launch
• Promotion and Marketing Initiatives
o Cost Tier Down Analysis

4. Global Eyewear Market, By Product Type, 2016-2025 (USD Million)
o Introduction
• Market Share Analysis, 2015 and 2024 (%)
• Y-O-Y Growth Analysis, 2016-2025
• Segment Trends
o Spectacles
• Introduction
• Market Size and Forecast, and Y-O-Y Growth, 2016-2025, (USD Million)
o Sunglasses
• Introduction
• Market Size and Forecast, and Y-O-Y Growth, 2016-2025, (USD Million)
o Contact Lenses
• Introduction
• Market Size and Forecast, and Y-O-Y Growth, 2016-2025, (USD Million)
o Others
• Introduction
• Market Size and Forecast, and Y-O-Y Growth, 2016-2025, (USD Million)

5. Global Eyewear Market, By Distribution Channel, 2016-2025 (USD Million)
o Introduction
• Market Share Analysis, 2015 and 2024 (%)
• Y-O-Y Growth Analysis, 2016-2025
• Segment Trends
o Online
• Introduction
• Market Share Analysis, 2015 and 2024 (%)
• Y-O-Y Growth Analysis, 2016-2025
o Supermarkets
• Introduction
• Market Size and Forecast, and Y-O-Y Growth, 2016-2025, (USD Million)
o Hypermarkets
• Introduction
• Market Size and Forecast, and Y-O-Y Growth, 2016-2025, (USD Million)
o Specialty Stores
• Introduction
• Market Size and Forecast, and Y-O-Y Growth, 2016-2025, (USD Million)
o Others
• Introduction
• Market Size and Forecast, and Y-O-Y Growth, 2016-2025, (USD Million)

6. Global Eyewear Market, By End-User, 2016-2025 (USD Million)
o Introduction
• Market Share Analysis, 2015 and 2024 (%)
• Y-O-Y Growth Analysis, 2016-2025
• Segment Trends
o Men
• Introduction
• Market Size and Forecast, and Y-O-Y Growth, 2016-2025, (USD Million)
o Women
• Introduction
• Market Size and Forecast, and Y-O-Y Growth, 2016-2025, (USD Million)
o Kids
• Introduction
• Market Size and Forecast, and Y-O-Y Growth, 2016-2025, (USD Million)

7. Global Eyewear Market, By Regions, 2016-2025 (USD Million)
o Introduction
• Market Share Analysis, By Region, 2015 and 2024 (%)
• Y-O-Y Growth Analysis, For Regions, 2016-2025
o North America
• Market Size and Forecast, By Drug Class, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Route of Administration, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Country, 2017 – 2025, (US$ Million)
• U.S.
• Canada
o Latin America
• Market Size and Forecast, By Drug Class, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Route of Administration, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Country, 2017 – 2025, (US$ Million)
• Brazil
• Mexico
• Rest of Latin America
o Europe
• Market Size and Forecast, By Drug Class, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Route of Administration, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Country, 2017 – 2025, (US$ Million)
• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Rest of Europe
o Asia Pacific
• Market Size and Forecast, By Drug Class, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Route of Administration, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Country, 2017 – 2025, (US$ Million)
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of APAC
o Middle East
• Market Size and Forecast, By Drug Class, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Route of Administration, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Country, 2017 – 2025, (US$ Million)
• GCC
• Israel
• Rest of Middle East
o Africa
• Market Size and Forecast, By Drug Class, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Route of Administration, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Distribution Channel, 2017 – 2025, (US$ Million)
• Market Size and Forecast, By Country, 2017 – 2025, (US$ Million)
• South Africa
• Central Africa
• North Africa

8. Competitive Landscape
o Heat Map Analysis
o Market Share Analysis (3×3 Matrix)
o Company Profiles
o Analyst Views

9. Section
o References
o Research Methodology
o About us and Sales Contact

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