Eyewear Market Latest Trends, Demands and Advancements 2021- Essilor & Luxottica, Grand Vision, Formosa Optical, Carl Zeiss AG, Hoya Corporation

The Eyewear market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers detailed market analysis to provide a 360-degree research study on the global Eyewear market. Some of the tools used for this are SWOT, PESTEL and Porter's 5-forces analysis frameworks. The report includes detailed information on the key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmaps, value chains, player profiles, and strategies. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Eyewear from 2021 till 2026.

Eyewear market size was USD 105.56 billion in 2020. It is projected to grow from USD 114.95 billion in 2021 to USD 172.42 billion in 2028 at a CAGR of 6.9% in the forecast period.

Top leading Manufactures Profiled in Eyewear Market Report are:

Essilor & Luxottica, Grand Vision, Formosa Optical, Carl Zeiss AG, Hoya Corporation, De Rigo S.p.A., Indo Internacional, Safilo Group S.p.A., Johnson & Johnson, CIBA Vision (Novartis), CooperVision (The Cooper Companies), GBV, Marchon (VSP Global), Fielmann, Bausch & Lomb, Charmant, TEK Optical Canada

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News and Updates-

-May 18, 2021 HOYA to Launch Visionary Alliance, a Loyalty program to Connect, Inform and Empower Independent Eye Care Professionals all while earning rewards

The brick and mortar segment dominated the eyewear market in 2020, with a revenue share of over 79%. There has been a slight decrease in the revenue share from previous years due to the implementation of lockdowns in several countries, which restricted brick and mortar stores' sales.

In 2020, North America held USD 30.87 billion in terms of revenue. It is expected to remain at the forefront backed by the rising demand for premium eyewear products and the acceptance of vision care products

Eyewear is slowly emerging as an ethical choice for individuals aware of the environmental welfare and wellness of people around them. The emerging trend amongst companies to mitigate climate change and waste reduction is promoting the practice of offering recycled eyewear.

The growth of the corrective glasses segment is mainly driven by the increasing population suffering from refractive errors, raising awareness, and the cost-effectiveness of eye care devices over refractive surgeries. Moreover, the occurrence of myopia is higher, around 70-90%, in some Asian countries. Europe dominated in 2020 and held a revenue share of over 37%. The region, considered a fashion hub, witnesses people adopting eyewear as a fashion accessory, such as colored contact lenses, sunglasses, and frames. Moreover, the presence of several fashion brands in the region, such as Prada S.p.A., Guccio Gucci S.p.A., Christian Dior, and TOM FORD, ensure that healthy competition is maintained by offering their products at competitive prices

Global Eyewear Market Split by Product Type and Applications:

Market Research Study Focus on these Types:

Prescription Eyewear
Lensless Glasses
Sunglasses
Contact Lenses

Market Research Study Focus on these Applications:

Childhood (0-6)
Juvenile (7-17)
Youth (18-40)
Middle Aged (41-65)
Elderly (>66)

Regional Analysis for Eyewear Market:

For a comprehensive understanding of market dynamics, the global Eyewear market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

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Frequently Asked Questions about the Eyewear market:

– What are the recent developments and government policies?
– What are the top trends in the Eyewear market?
– What is the growth rate of the market?
– Which Is the Most potential market segment?
– Which are the top industry players in the Eyewear market?
– Which region would offer high growth for vendors in the market?

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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