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Eyewear Market 2019 Significant Growth Rate by Industry Size, Share, Market Dynamics, Development Status of Key Players Forecast to 2024

Eyewear

The “Eyewear Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Eyewear industry. The information available in the Eyewear market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Eyewear market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Eyewear Market:

  • Fielmann AG
  • Safilo Group SpA
  • Luxottica Group SpA
  • Essilor International S.A.
  • The Cooper Companies Inc.
  • De Rigo Vision S.p.A.
  • Carl Zeiss AG
  • Charmant Group

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    Market Overview:

  • The eyewear market is forecasted to reach USD 182.84 million by 2024, registering at a CAGR of 5.1% during the forecast period (2019 – 2024). The proactive approach of consumers is providing opportunities for eyewear manufacturers and retailers to expand their consumer base. A major roadblock in the sustainable growth of the eyewear industry is the stark divide in the access of advanced, affordable, and effective eye care solutions, especially in the marginalized economies. E-retailing and online advertising are gaining huge popularity across the world as the key players are aggressively implementing their online marketing and promotional activities. Online marketing and promotion does not only provide customers with easy access but also helps vendors reduce operational costs. This factor is likely to boost the sales of eyewear through online platform in the upcoming years.

    Scope of the Report:

  • The eyewear market includes products, such as spectacles, sunglasses, contact lenses, and other protective eyewear that comprises of different lens materials. Also, the scope of the study includes specific to end user men, women, and unisex eyewear and by sales channel as online and offline retail stores.

    Reasons for Buying Eyewear Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Demands from the Geriatric Population and Rise in the Number of Optical Deficiencies

    The eyewear industry is propelled by the growing demands for corrective and prescription-based spectacles, especially from the geriatric population – several clinical studies found a strong linkage between ageing and increased risk of developing certain eye diseases leading to low vision. Visual impairment disproportionately affects the elderly. With advancing age, the normal function of eye tissues decrease and there is an increased incidence of ocular pathology. The high prevalence rate of diseases, such as diabetes and hypertension, owing to the lifestyle conditions are further known to aggravate the rates of blindness and visual impairment. The accelerating degradation of eyes is boosting the market sentiments of the eyewear products.

    Asia-Pacific is Likely to Experience the Highest Growth Rate

    A paradigm shift has been observed in the Asia-Pacific region where the consumer perception for eyewear is changing from function to fashion. Attributed to the growing economy and increasing purchasing power, the consumers in the region are buying eyewear as a fashion statement as well. By country, China emerges as the world’s leading manufacturer of spectacles along with the largest potential consumer base. They also have the highest population rate with myopia, which suggests a huge potential for the spectacles market. Some of the major players in the market are Luxottica, Johnson and Johnson, Hoya Corp, and others who are competing on the basis of the number of in-house and licensed brands, price range, product variants of each brand, type of glasses, and other parameters.

    Eyewear Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of Eyewear Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY
    3.1 Market Overview

    4 MARKET DYNAMICS
    4.1 Market Drivers
    4.2 Market Restraints
    4.3 Porter’s Five Forces Analysis
    4.3.1 Threat of New Entrants
    4.3.2 Bargaining Power of Buyers/Consumers
    4.3.3 Bargaining Power of Suppliers
    4.3.4 Threat of Substitute Products
    4.3.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product Type
    5.1.1 Sunglasses and Frames
    5.1.2 Contact Lenses
    5.1.3 Corrective Glasses
    5.2 By End User
    5.2.1 Men
    5.2.2 Women
    5.2.3 Unisex
    5.3 By Distribution Channel
    5.3.1 Offline Channel
    5.3.2 Online Channel
    5.4 Geography
    5.4.1 North America
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.1.4 Rest of North America
    5.4.2 Europe
    5.4.2.1 Spain
    5.4.2.2 United Kingdom
    5.4.2.3 Germany
    5.4.2.4 France
    5.4.2.5 Italy
    5.4.2.6 Russia
    5.4.2.7 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 Rest of Asia-Pacific
    5.4.4 South America
    5.4.4.1 Brazil
    5.4.4.2 Argentina
    5.4.4.3 Rest of South America
    5.4.5 Middle East & Africa
    5.4.5.1 South Africa
    5.4.5.2 Saudi Arabia
    5.4.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Market Share Analysis
    6.2 Most Active Companies
    6.3 Most Adopted Strategy
    6.4 Company Profiles
    6.4.1 Fielmann AG
    6.4.2 Safilo Group SpA
    6.4.3 Luxottica Group SpA
    6.4.4 Essilor International S.A.
    6.4.5 The Cooper Companies Inc.
    6.4.6 De Rigo Vision S.p.A.
    6.4.7 Carl Zeiss AG
    6.4.8 Charmant Group

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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