Spectacle Market Values: Rising Demand for Eyeglasses and Lenses

Spectacle Market size was valued at US$ 17.18 Bn. in 2022. Lens, one of the segments reviewed in our reports dominated the Spectacle Market.

Spectacle Market Market Report Scope and Research Methodology

Report Scope: Maximize Market Research Pvt. Ltd., based in Pune, India, presents a comprehensive research report on the Spectacle Market. This report offers a detailed analysis of market dynamics, segment insights, regional trends, and more, providing invaluable information to industry stakeholders and decision-makers.

Research Methodology: Our research methodology relies on real data, demand and supply statistics from 2022, and inputs from key industry players worldwide. We consider past data from 2018 to 2022, accounting for the impact of the global lockdown in 2020 and 2021.

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What are Spectacle Market Market Dynamics?

The rising prevalence of vision problems among younger populations due to prolonged use of digital devices is a significant driver of eyewear demand. The increased risk of computer vision syndrome (CVS) has led to a surge in anti-glare eyewear, contributing to market growth. In 2022, a substantial percentage of Chinese youths required corrective lenses, further boosting demand.

Fashion-conscious millennials are also contributing to the growing demand for eyewear. The availability of stylish eyeglasses and the durability of plastic frames are driving consumer interest. Manufacturers are focusing on developing glasses tailored to various tasks, such as computing, driving, and gaming, in response to increased reliance on technology.

Spectacle Market Market Segmentation:

With a 61% market share in 2022, the Lens sector led the market in terms of product. Because of the aging population and the high demand for bifocal lenses, manufacturers are spending a lot of money on research and development to create new products that will satisfy customers' individual demands. The category is expanding as a result of rising demand for various types of spectacle lenses, such as single vision, bifocal, triple focus, and progressive lenses. These elements are fueling the market's segment expansion.

With a 76% market share in 2022, the Offline category led the market in terms of distribution channel. The number of retail establishments is rising in response to the rising demand for practical eyewear. These shops give thorough eye exams to assist customers in selecting the appropriate eyewear. They also offer simple services for lens and frame maintenance and replacement, saving customers time and money. Offline retailers like opticians and specialized shops offer convenience, personalization, and care to customers. These elements are fueling the market segment's expansion.

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Who are Spectacle Market Market Key Players?

1. Johnson & Johnson Vision
2. Zeiss International
3. Hoya Corporation
4. Zenni Optical, Inc
5. Warby Parker
6. Lenskart
7. Titan Company Limited
8. Modo
9. Carl Zeiss Ag
10. Jand, Inc
11. Novartis Ag (Ciba Vision)
12. Safilo Group S.P.A
13. Prada S.P.A
14. Essilor
15. Fielmann Ag
16. Gkb Ophthalmics Ltd
17. Rodenstock Gmbh
18. Seiko Optical Products Co. Ltd
19. Nikon Corporation

Table of Content: Spectacle Market Market

Part 01: Executive Summary

Part 02: Scope of the Spectacle Market Market Report

Part 03: Global Spectacle Market Market Landscape

Part 04: Global Spectacle Market Market Sizing

Part 05: Global Spectacle Market Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America leads the spectacle market, driven by a surge in visual impairments due to increased digital device usage and an aging population. In contrast, the Asia Pacific region is expected to exhibit substantial growth, with a high prevalence of myopia among children and young adults. The workforce expansion in countries like India, China, and Vietnam is likely to boost demand for computer eyeglasses.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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