Eyewear Market Analysis: Segments, Drivers, Distribution Channels, and Growth Factors Forecast to 2024-2031 | Johnson & Johnson Vision Care, Inc., EssilorLuxottica, CooperVision.

DataM Intelligence has released a new research report on the Eyewear market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

Global Eyewear Market reached US$ 114.8 billion in 2023 and is expected to reach US$ 177.4 billion by 2031 growing with a CAGR of 5.7% during the forecast period 2024-2031.

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The eyewear market encompasses a wide range of products, including prescription glasses, sunglasses, contact lenses, and protective eyewear. This market is driven by factors such as the increasing prevalence of vision impairment, the rise in fashion-conscious consumers, and the growing awareness of eye health.

List of the Key Players in the Eyewear Market:

Johnson & Johnson Vision Care, Inc., EssilorLuxottica, CooperVision, Zeiss Group, Bausch & Lomb Incorporated, Safilo Group S.p.A, Charmant Group, Alcon, De Rigo Vision S.p.A and Marcolin.

Key Developments:

On April 11, 2023, Innovative Eyewear, a company known for producing smart glasses for brands like Nautica and Eddie Bauer, launched an app named Lucyd. This app provides a voice interface for ChatGPT on the company's Lyte 2.0 eyewear collection, enhancing the smart capabilities of the glasses.

On March 30, 2023, Blender Eyewear announced a partnership with Oracle Red Bull Racing, introducing a new line of sunglasses that includes styles like Millenia X2, Meister X2, and Expose. This collaboration aims to blend style and functionality for racing enthusiasts and fans.

On November 14, 2022, at a global conference focused on the VR industry, Huawei unveiled its first smart eyewear called Vision Glass. This eyewear features advanced specifications, including a micro OLED screen with 1080p full HD resolution, making it suitable for immersive experiences.

On September 26, 2022, Safilo Group, a leading player in the eyewear market, announced its adoption of Tritan Renew Polarised lenses, making it the first company to do so. This development was part of a bilateral technical innovation partnership with Eastman, aimed at enhancing sustainability in the eyewear sector. Starting in August 2023, Tritan Renew Polarised lenses will be integrated into Under Armour eyewear and gradually rolled out across Safilo's diverse portfolio of sunglasses, underscoring the company's commitment to incorporating recycled materials into its products.

Research Process:

Both primary and secondary data sources have been used in the global Eyewear Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Eyewear Market:

By Product: Spectacles, Contact Lenses, Sunglasses.

By Material: Plastic Eyewear, Metal Eyewear, Others.

By Distribution Channel: Retail Store, Online Store, Ophthalmic Clinics.

By End-User: Men, Women, Kids

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Eyewear market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Eyewear Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Eyewear market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Eyewear Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Eyewear market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Eyewear market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Eyewear market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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