Spectacle Market Developments by 2031
Spectacles help in improving vision. People with blurred and unclear vision are prescribed to use spectacles. There are various benefits of wearing spectacles. These include protecting the eyes from harmful UV rays, easing the reading process, improving bad vision, and reducing strain on the eyes. At present, people who constantly work on desktops and laptops prefer wearing spectacles coated with UV protection film to prevent their eyes from harmful rays emitted by computer screens. This film protects the eyes from the damage caused by the UV rays and helps in keeping the eyes relaxed. Manufacturers are launching various types of spectacles catering to the needs of consumers and meeting the fashion concerns.
MARKET DYNAMICS
Youngsters are facing the problem of weaker eyesight due to prolonged use of devices such as smartphones, tablets, laptops, and televisions. This factor is expected to drive the market growth. Moreover, large number of people aged between 45-60 are diagnosed with presbyopia which is the major factor driving the demand for prescription glasses or spectacles. Manufacturers are launching innovative and fashionable spectacles to cater to growing fashion concerns and changing fashion trends. This factor is anticipated to create potential demand for spectacles during the forecast period.
MARKET SCOPE
The "Global Spectacle Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the spectacle market with detailed market segmentation by product type and distribution channel. The global spectacle market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading spectacle market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global spectacle market is segmented into product type and distribution channel. By product type, the spectacle market is bifurcated into spectacle lens and spectacle frame. By distribution channel, the spectacle market is bifurcated into supermarkets & hypermarkets, specialty stores, online retail, and others.
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 spectacle market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The spectacle 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 spectacle market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. 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 spectacle market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global spectacle market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The spectacle 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 spectacle market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. 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 spectacle market in these regions.
MARKET PLAYERS
The report covers vital developments in the spectacle 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 market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the spectacle market are anticipated to lucrative growth opportunities in the future with the rising demand for spectacle in the global market. Below mentioned is the list of few companies engaged in the spectacle market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the spectacle market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Alcon
- Essilor Group
- HOYA Corporation
- Johnson & Johnson Vision
- Lenskart
- MODO
- Titan Company Limited
- Warby Parker
- ZEISS International
- Zenni Optical, Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Spectacle Market - By Product Type
1.3.2 Spectacle Market - By Distribution Channel
1.3.3 Spectacle Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SPECTACLE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SPECTACLE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SPECTACLE MARKET - GLOBAL MARKET ANALYSIS
6.1. SPECTACLE - GLOBAL MARKET OVERVIEW
6.2. SPECTACLE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SPECTACLE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. SPECTACLE LENS
7.3.1. Overview
7.3.2. spectacle lens Market Forecast and Analysis
7.4. SPECTACLE FRAME
7.4.1. Overview
7.4.2. spectacle frame Market Forecast and Analysis
8. SPECTACLE MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. supermarkets and hypermarkets Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. specialty stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. online retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. others Market Forecast and Analysis
9. SPECTACLE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Spectacle Market Overview
9.1.2 North America Spectacle Market Forecasts and Analysis
9.1.3 North America Spectacle Market Forecasts and Analysis - By Product Type
9.1.4 North America Spectacle Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Spectacle Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Spectacle Market
9.1.5.1.1 Canada Spectacle Market by Product Type
9.1.5.1.2 Canada Spectacle Market by Distribution Channel
9.1.5.2 Mexico Spectacle Market
9.1.5.2.1 Mexico Spectacle Market by Product Type
9.1.5.2.2 Mexico Spectacle Market by Distribution Channel
9.1.5.3 US Spectacle Market
9.1.5.3.1 US Spectacle Market by Product Type
9.1.5.3.2 US Spectacle Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Spectacle Market Overview
9.2.2 Europe Spectacle Market Forecasts and Analysis
9.2.3 Europe Spectacle Market Forecasts and Analysis - By Product Type
9.2.4 Europe Spectacle Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Spectacle Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Spectacle Market
9.2.5.1.1 Germany Spectacle Market by Product Type
9.2.5.1.2 Germany Spectacle Market by Distribution Channel
9.2.5.2 France Spectacle Market
9.2.5.2.1 France Spectacle Market by Product Type
9.2.5.2.2 France Spectacle Market by Distribution Channel
9.2.5.3 Italy Spectacle Market
9.2.5.3.1 Italy Spectacle Market by Product Type
9.2.5.3.2 Italy Spectacle Market by Distribution Channel
9.2.5.4 United Kingdom Spectacle Market
9.2.5.4.1 United Kingdom Spectacle Market by Product Type
9.2.5.4.2 United Kingdom Spectacle Market by Distribution Channel
9.2.5.5 Russia Spectacle Market
9.2.5.5.1 Russia Spectacle Market by Product Type
9.2.5.5.2 Russia Spectacle Market by Distribution Channel
9.2.5.6 Rest of Europe Spectacle Market
9.2.5.6.1 Rest of Europe Spectacle Market by Product Type
9.2.5.6.2 Rest of Europe Spectacle Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Spectacle Market Overview
9.3.2 Asia-Pacific Spectacle Market Forecasts and Analysis
9.3.3 Asia-Pacific Spectacle Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Spectacle Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Spectacle Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Spectacle Market
9.3.5.1.1 Australia Spectacle Market by Product Type
9.3.5.1.2 Australia Spectacle Market by Distribution Channel
9.3.5.2 China Spectacle Market
9.3.5.2.1 China Spectacle Market by Product Type
9.3.5.2.2 China Spectacle Market by Distribution Channel
9.3.5.3 India Spectacle Market
9.3.5.3.1 India Spectacle Market by Product Type
9.3.5.3.2 India Spectacle Market by Distribution Channel
9.3.5.4 Japan Spectacle Market
9.3.5.4.1 Japan Spectacle Market by Product Type
9.3.5.4.2 Japan Spectacle Market by Distribution Channel
9.3.5.5 Rest of Asia-Pacific Spectacle Market
9.3.5.5.1 Rest of Asia-Pacific Spectacle Market by Product Type
9.3.5.5.2 Rest of Asia-Pacific Spectacle Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Spectacle Market Overview
9.4.2 Middle East and Africa Spectacle Market Forecasts and Analysis
9.4.3 Middle East and Africa Spectacle Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Spectacle Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Spectacle Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Spectacle Market
9.4.5.1.1 South Africa Spectacle Market by Product Type
9.4.5.1.2 South Africa Spectacle Market by Distribution Channel
9.4.5.2 Saudi Arabia Spectacle Market
9.4.5.2.1 Saudi Arabia Spectacle Market by Product Type
9.4.5.2.2 Saudi Arabia Spectacle Market by Distribution Channel
9.4.5.3 U.A.E Spectacle Market
9.4.5.3.1 U.A.E Spectacle Market by Product Type
9.4.5.3.2 U.A.E Spectacle Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Spectacle Market
9.4.5.4.1 Rest of Middle East and Africa Spectacle Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Spectacle Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Spectacle Market Overview
9.5.2 South and Central America Spectacle Market Forecasts and Analysis
9.5.3 South and Central America Spectacle Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Spectacle Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Spectacle Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Spectacle Market
9.5.5.1.1 Brazil Spectacle Market by Product Type
9.5.5.1.2 Brazil Spectacle Market by Distribution Channel
9.5.5.2 Argentina Spectacle Market
9.5.5.2.1 Argentina Spectacle Market by Product Type
9.5.5.2.2 Argentina Spectacle Market by Distribution Channel
9.5.5.3 Rest of South and Central America Spectacle Market
9.5.5.3.1 Rest of South and Central America Spectacle Market by Product Type
9.5.5.3.2 Rest of South and Central America Spectacle Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SPECTACLE MARKET, KEY COMPANY PROFILES
11.1. ALCON
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ESSILOR GROUP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HOYA CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JOHNSON AND JOHNSON VISION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LENSKART
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MODO
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. TITAN COMPANY LIMITED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. WARBY PARKER
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ZEISS INTERNATIONAL
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ZENNI OPTICAL INC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Alcon
2. Essilor Group
3. HOYA Corporation
4. Johnson and Johnson Vision
5. Lenskart
6. MODO
7. Titan Company Limited
8. Warby Parker
9. ZEISS International
10. Zenni Optical Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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