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Eyewear Market By Leading Key Players, Opportunities and Strategies Grows at a CAGR of 8.4% by 2021 to 2030 ; Explore Top Factors that Will Boost the Global Market in Future
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The research offers detailed segmentation of the global eyewear market based on product type, mode of sale, end user, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Based on product type, the prescription glasses or spectacles segment held the highest share in 2020, accounting for around three-fourths of the global eyewear market and is expected to continue its leadership status during the forecast period. However, the contact lenses segment is expected to portray the fastest CAGR of 8.8% from 2021 to 2030. The report also studied sunglasses segment.
Based on mode of sale, the retail stores segment accounted for the highest share in 2020 contributing to more than two-thirds of the global eyewear market and is expected to maintain its lead in terms of revenue during the forecast period. However, the online stores segment is expected to manifest the highest CAGR of 9.0% throughout the forecast timeframe.
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On the basis of end user, the men segment held the highest share in 2020, accounting for more than half of the global eyewear market and is expected to continue its leadership status during the forecast period. However, the women segment is expected to register the highest CAGR of 8.7% from 2021 to 2030.
By region, the North America held the largest share in 2020, contributing to nearly two-fifths of the global eyewear market and is projected to maintain its dominant share in terms of revenue by 2030. However, the Asia-Pacific region is expected to manifest the fastest CAGR of 9.3% during the forecast period.
Leading market players of the global eyewear market analyzed in the research include Safilo Group S.p.A., Fielmann AG, GrandVision, Essilor International S.A., Luxottica Group S.p.A., Johnson & Johnson, Inc., Cooper Companies, Inc., Prada S.p.A., Valeant Pharmaceuticals International, Inc., and Carl Zeiss AG.
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The report provides a detailed analysis of these key players in the global eyewear market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others, to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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