Eyewear Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

All products that are used to protect the eyes from the outside environment and to correct various eye illnesses such as myopia and other visual abnormalities are referred to as eyewear. Dust, light, dangerous radiation, and other environmental variables are all protected by these goods. Sunglasses, contact lenses, eyeglasses, and other eyewear goods are the most common types of eyewear.

MARKET SCOPE

The "Global Eyewear Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the eyewear market with detailed market segmentation by type, category, and distribution channel. The report provides key statistics on the market status of the leading eyewear market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type, the global eyewear market is segmented into spectacles, sunglasses, others.
  
•   On the basis of category, the market is segmented into men, women, and unisex.
  
•   Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, speciality stores, online retail, and others.
  

MARKET DYNAMICS

Drivers

•   The need for eyewear has expanded tremendously as the geriatric population has grown, along with an increase in eye and vision diseases.
  
•   Changing lifestyles, as well as altering tastes and preferences, have boosted eyeglass demand. The growing necessity and demand to focus on one's physical appearance has also fueled demand for glasses.
  

Restraints

•   The increasing use of vision problems correction operations would provide a significant obstacle to the market's growth.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The eyewear market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the eyewear market in these regions.

IMPACT OF COVID-19 ON EYEWEAR MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the eyewear market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from eyewear market are anticipated to lucrative growth opportunities in the future with the rising demand for eyewear in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the eyewear market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ESSILORLUXOTTICA
  
•   CooperVision
  
•   Carl Zeiss AG.
  
•   Bausch & Lomb Inc.
  
•   Safilo Group S.p.A
  
•   Carl Zeiss AG
  
•   Essilor International S.A.
  
•   Grand Vision
  
•   Prada S.p.A.
  
•   Luxottica Group S.p.A.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Eyewear Report Scope