Eyewear Market Size Worth USD 369.61 Billion By 2027 | Emergen Research

The global eyewear market size was USD 169.82 Billion in 2022 and is expected to register a revenue CAGR of 8.1% during the forecast period, according to the latest analysis by Emergen Research. As per the World Health Organization (WHO), about 2.2 billion people across the globe are affected by either near- or distance vision impairments. Among these cases, approximately 1 billion involve vision issues that might have been preventable or remain unaddressed. Recent data on eye health, as compiled by the International Agency for the Prevention of Blindness, indicates that there are 295 million individuals with moderate-to-severe visual impairments, and 43 million people are classified as blind on a global scale. The rising prevalence of ocular diseases, including conditions such as refractive errors, age-related macular degeneration, cataracts, diabetic retinopathy, glaucoma, amblyopia, strabismus, and others, is a major factor driving the market revenue growth.

The latest report, titled 'Global Eyewear Market,' comprises a profound analysis of the fundamental parameters contributing to the global Eyewear market scenario. The research report provides the reader with an in-depth interpretation of the Eyewear market dynamics, including the crucial drivers, opportunities, threats, and challenges. The report also describes the key business strategies, demand and supply ratios, leading regions, and the renowned market players, in a nutshell, offering a futuristic outlook of the overall Eyewear industry. The market intelligence report is a prototype of the 360° overview of the global Eyewear industry, shedding light on the estimated market value, share, growth trends, gross revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications.

To Receive A PDF Sample Of The Report, Visit @https://www.emergenresearch.com/request-sample/2430

Competitive Terrain:

The global Eyewear industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The Leading Market Contenders Listed In The Report Are:

Johnson & Johnson Vision, EssilorLuxottica, Fielmann Group AG, De Rigo Spa, Marchon Eyewear, Inc., Safilo Group S.P.A., CooperVision, Lanvin, Maui Jim, Inc., Bausch & Lomb Incorporated, Apple Inc., Hoya, Zeiss Vision, Alcon, Seiko Optical Products Co., Ltd., Charmant USA Inc., Marcolin Spa, Carrera Eyewear, Rodenstock Gmbh, and Komonoamong among others

Some Key Highlights From the Report

• The premium or high end segment is expected to account for a significantly large revenue share over the forecast period. Factors such as increasing disposable incomes, the impact of social media marketing and influencers, and emergence of e-commerce platforms that have streamlined the process for consumers to discover and purchase high-end fashion products are driving revenue growth of this segment. Moreover, certain luxury eyewear brands are providing opportunities for personalization, allowing customers to incorporate unique elements, select specific materials, and choose distinct finishes to tailor their eyeglass frames to their tastes. Barton Perreira, for example, offers customization services that empower customers to create bespoke eyewear that reflects their personal preferences. In addition, brands are diversifying their offerings by introducing high-end eyewear collections targeted at specific consumer groups. For instance, on August 21, 2023, Lenskart unveiled its latest eyewear collection designed to fuse style and functionality in the world of K-Pop. The K-Pop Collection, curated by Lenskart Studio, features luxurious acetate eyeglasses distinguished by color-blocked rims, as well as sunglasses characterized by vibrant colors and sleek aesthetics.

• The online retailing segment is expected to register fastest revenue growth rate over the forecast period. With factors such as convenience, ease of price comparisons, transparent transactions, versatile payment methods, and flexible return and exchange policies, online shopping platforms have gained momentum. Various payment options such as credit cards, digital wallets, and alternative payment options such as Buy-Now-Pay-Later (BNPL) offer consumers versatility, accommodating their diverse preferences and financial circumstances.

To Get A Discount On The Latest Report, Visit @https://www.emergenresearch.com/request-discount/2430

Emergen Research has segmented the global eyewear market on the basis of product type, prescription type, frame material, lens material, lens coating, price range, function, distribution channel, and region:

• Product Type Outlook (Revenue, USD Billion; 2019-2032)
o Prescription Spectacles
1. Single Vision Glasses
2. Bifocal Glasses
3. Progressive or Multifocal Glasses
o Sunglasses
1. Fashion Sunglasses
2. Sports Sunglasses
3. Polarized Sunglasses
o Contact Lens
1. Soft Contact Lens
2. Rigid Gas Permeable Contact Lens
3. Colored Contact Lens
o Readers (Over-the-Counter Reading Glasses)
o Others

• Prescription Type Outlook (Revenue, USD Billion; 2019-2032)
o Myopia
o Hyperopia A
o Astigmatism
o Presbyopia
o Others

• Frame Material Outlook (Revenue, USD Billion; 2019-2032)
o Metal Frames
o Plastic Frames
o Wooden Frames
o Titanium Frames
o Carbon Fiber Frames
o Others

Regional Segmentation:

• North America
• Latin America
• Europe
• Middle East & Africa
• Asia Pacific

Browse Detailed Research Report @https://www.emergenresearch.com/industry-report/eyewear-market

Report Highlights:

• Besides offering a vivid depiction of the global Eyewear business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.

• The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2020-2027).

• The report scrutinizes the salient factors influencing the growth of the market in the near future.

• The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.

Key Benefits of the Report:

• Comprehensive analysis of the competitive scenario and its changing dynamics

• Analytical data with detailed SWOT analysis and Porter's Five Forces analysis

• In-depth 8 year analysis of the Global Eyewear Market

• Critical assessment of the key market segments

• Comprehensive analysis of the drivers, restraints, trends, and opportunities

• Detailed regional analysis and extensive company profiling

• Extensive assessment of current and emerging trends of the market

Buy Now: @https://www.emergenresearch.com/select-license/2430

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

This release was published on openPR.