Eyewear Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DMD209 | Last Updated On: Sep 22 2020 | No. of Pages: 180 | Available Formats

> Global Eyewear Market Expected to reach a high CAGR of 14% By 2027: DataM Intelligence

Global Eyewear Market is segmented By Product (Spectacles (Spectacles Lenses, Spectacles Frames), Sunglasses (Polarized Sunglasses, Non-Polarized Sunglasses), Contact Lenses (Soft contact lenses, Rigid contact lenses)), By End-User (Men, Women, Unisex), By Distribution Channel (Offline Distribution Channel (Specialty Stores, Hypermarket, clubhouse stores, and department stores), Online Distribution Channel (E-commerce retailers, Brand/Company-owned web portals)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

The Global Eyewear Market is expected to grow at a CAGR of 14% during the forecasting period (2020-2027). Due to the rise in disposable income coupled with ageing population with weak eyesight will be driving the eyewear market for the forecast period.

 Eyewear consists of items and accessories worn on or over the eyes, for fashion or adornment, protection against the environment, and to improve or enhance visual acuity. Common forms of eyewear include glasses (also called eyeglasses or spectacles), sunglasses, and contact lenses. Eyewear can also include more utilitarian forms of eye protection, such as goggles. Conversely, blindfolds are a form of eyewear used to block vision for a variety of purposes.

The report covers all the major trends and drivers playing a vital role in the growth of the global Eyewear market. The global Eyewear market has been segmented based on Region, Product, End-User, and Distribution Channel.

Market Dynamics

The global Eyewear market growth is primarily driven by demand for prescription spectacles and contact lenses owing to the increase in ageing population across the world. Globally, it is estimated that approximately 1.3 billion people live with some form of vision impairment. With regards to distance vision, 188.5 million people have mild vision impairment, 217 million have moderate to severe vision impairment, and 36 million people are blind. The majority of people with vision impairment are over the age of 50 years.

The other reason for the rise in the eyewear market is due to the increase in the disposable income of people coupled with the increasing internet penetration all around the world. The growing internet penetration is helping create awareness for the eyecare to people. And therefore, booming ecommerce usage which gives excess to buy consumer products such as eyewear online from the ecommerce websites.

However, the rise in the optical surgeries due to more advance medicals will hinder the growth of the Eyewear market for the forecast period.

Market Segmentation

By Product, the global Eyewear market is segmented into Spectacles, Sunglasses and Contact Lenses. Spectacles have the dominant position in the Eyewear Product segment and is expected to retain its dominance in the forecasted period due to the rising eye diseases like myopia and hypermetropia all around world and also growing ageing population in the major economies. However, with the increase in the younger population the contact lenses segment is grow with the higher CAGR for the forecast period.

By Distribution Channel, the global Eyewear market is segmented into Construction, Transportation, and Consumer Electronics. Offline Distribution channel has the dominant share in the Distribution Channel segment and is expected to retain its dominance in the forecast period. However, the rise in the online retail boosting the ecommerce in regions like Europe and Asia-Pacific will drive the market with higher CAGR for online distribution channel in the forecast period.

Regional Analysis

By geography, the global Eyewear Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

Europe holds the largest market share for Eyewear Market, due to the rise in the ageing population and the use of the digital devices is driving the market for the eyewear market for the region. The growing internet retailing is the other reason for the growth of the eyewear market in Europe. European ecommerce grew by 11% to ~US$ 603.47 bn (€534 bn) in 2017, and is expected to grow in the upcoming years, according to European B2C Ecommerce Report 2018.

North America is after Europe in terms of market share in global Eyewear market, due to rise in the demand of premium eyewear by the people in the region. Asia-pacific is the most fastest growing market for the eyewear market. With the rise in population coupled with the growing disposable income of the people is boosting the eyewear market. China, Japan, India are major contributors to the growth of eyewear market. The rise in the cosmetic contact culture in Japan and China will be boosting the market for the forecast period. Japan And China together holds around 30% of the contact lenses market share in the world.

Competitive Analysis

Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market. Global Eyewear Market is a fragmented market with the presence of various global and regional players in the market. The major players include Luxottica, Essilor, Johnson & Johnson Vision Care, Safilo, and Alcon. Other key players in the market include Bausch & Lomb, Carl Zeiss, Charmant, Chemilens, and CooperVision.

In July 2019, Human Capable is launching a Kickstarter campaign for its augmented reality glasses. That’s not something new. But the company claims that its Norm Glasses aren’t as bulky and ugly as most AR headsets. Rather, the Fort Lauderdale, Florida-based company said its Norm Glasses are stylish, lightweight, and designed to look and feel like normal glasses. The company is taking preorders on Kickstarter for $300.

In June 2019, Johnson & Johnson has announced that its new contact lens Acuvue Oasys with Light Intelligent Technology is available now. The photochromic contact lenses will adapt to changing light conditions both indoors and outdoors, help eye recover from bright light up to five seconds faster than normal and reduce halos and starbursts around bright light at night.

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  • Comprehensive details on factors that will drive or challenge the growth of market players.
  • Product mapping in excel for the key products of all major market players
  • Deep Sector-Specific Intelligence
  • Attractiveness and consumer behavior analysis for every region
  • Highlights of the competitive landscape

Target Audience:

**The global Eyewear market report would provide access to an approx., 61 market data table, 51 figures, and 150 pages.

 

Table of Contents

  1. Eyewear Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Eyewear Market– Market Definition and Overview

  3. Eyewear Market– Executive Summary

    1. Market Snippet by Product
    2. Market Snippet by End-User
    3. Market Snippet by Distribution Channel
    4. Market Snippet by Region
  4. Eyewear Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Rise of the adaption of energy-efficient solutions
      2. Restraints
        1. High Initial cost & Lack of Awareness  
    2. Impact Analysis
    3. Opportunities
  5. Eyewear Market– Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
  6. Eyewear Market– By Product

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      2. Market Attractiveness Index, By Product
    2. Spectacles*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
        1. Spectacles Lenses
        2. Spectacles Frames
    3. Sunglasses
        1. Polarized Sunglasses
        2. Non-Polarized Sunglasses
    4. Contact Lenses
        1. Soft contact lenses
        2. Rigid contact lenses
  7. Eyewear Market– By End-User

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
      2. Market Attractiveness Index, By End-User
    2. Men*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Women
    4. Unisex
  8. Eyewear Market– By Distribution Channel

      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
      2. Market Attractiveness Index, By Distribution Channel
    1. Offline Distribution Channel*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
        1. Specialty Stores
        2. Hypermarket, clubhouse stores, and department stores
    2. Online Distribution Channel
        1. E-commerce retailers
        2. Brand/Company-owned web portals
  9. Eyewear Market– By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Distribution Channel
  10. Eyewear Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Eyewear Market – Company Profiles

    1. Luxottica*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Essilor
    3. Johnson & Johnson Vision Care
    4. Safilo
    5. Alcon
    6. Bausch & Lomb
    7. Carl Zeiss
    8. Charmant
    9. Chemilens
    10. CooperVision (List not exhaustive)
  12. Eyewear Market– Premium Insights

  13. Eyewear Market– DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables
Table 1 Global Eyewear Market Value, By Product, 2018,2022 & 2027 ($ Million)
Table 2 Global Eyewear Market Value, By End-User, 2018,2022 & 2027 ($ Million)
Table 3 Global Eyewear Market Value, By Distribution Channel, 2018,2022 & 2027 ($ Million)
Table 4 Global Eyewear Market Value, By Region, 2018,2022 & 2027 ($ Million)
Table 5 Global Eyewear Market Value, By Product, 2018,2022 & 2027 ($ Million)
Table 6 Global Eyewear Market Value, By Product, 2017-2027 ($ Million)
Table 7 Global Eyewear Market Value, By End-User, 2018,2022 & 2027 ($ Million)
Table 8 Global Eyewear Market Value, By End-User, 2017-2027 ($ Million)
Table 9 Global Eyewear Market Value, By Distribution Channel, 2018,2022 & 2027 ($ Million)
Table 10 Global Eyewear Market Value, By Distribution Channel, 2017-2027 ($ Million)
Table 11 Global Eyewear Market Value, By Region, 2018,2022 & 2027 ($ Million)
Table 12 Global Eyewear Market Value, By Region, 2017-2027 ($ Million)
Table 13 North America Eyewear Market Value, By Product, 2017-2027 ($ Million)
Table 14 North America Eyewear Market Value, By End-User, 2017-2027 ($ Million)
Table 15 North America Eyewear Market Value, By Distribution Channel, 2017-2027 ($ Million)
Table 16 North America Eyewear Market Value, By Country, 2017-2027 ($ Million)
Table 17 South America Eyewear Market Value, By Product, 2017-2027 ($ Million)
Table 18 South America Eyewear Market Value, By End-User, 2017-2027 ($ Million)
Table 19 South America Eyewear Market Value, By Distribution Channel, 2017-2027 ($ Million)
Table 20 South America Eyewear Market Value, By Country, 2017-2027 ($ Million)
Table 21 Europe Eyewear Market Value, By Product, 2017-2027 ($ Million)
Table 22 Europe Eyewear Market Value, By End-User, 2017-2027 ($ Million)
Table 23 Europe Eyewear Market Value, By Distribution Channel, 2017-2027 ($ Million)
Table 24 Europe Eyewear Market Value, By Country, 2017-2027 ($ Million)
Table 25 Asia-Pacific Eyewear Market Value, By Product, 2017-2027 ($ Million)
Table 26 Asia-Pacific Eyewear Market Value, By End-User, 2017-2027 ($ Million)
Table 27 Asia-Pacific Eyewear Market Value, By Distribution Channel, 2017-2027 ($ Million)
Table 28 Asia-Pacific Eyewear Market Value, By Country, 2017-2027 ($ Million)
Table 29 Middle East & Africa Eyewear Market Value, By Product, 2017-2027 ($ Million)
Table 30 Middle East & Africa Eyewear Market Value, By End-User, 2017-2027 ($ Million)
Table 31 Middle East & Africa Eyewear Market Value, By Distribution Channel, 2017-2027 ($ Million)
Table 32 Luxottica: Overview
Table 33 Luxottica: Product Portfolio
Table 34 Luxottica: Key Developments
Table 35 Essilor: Overview
Table 36 Essilor: Product Portfolio
Table 37 Essilor: Key Developments
Table 38 Johnson & Johnson Vision Care: Overview
Table 39 Johnson & Johnson Vision Care: Product Portfolio
Table 40 Johnson & Johnson Vision Care: Key Developments
Table 41 Safilo: Overview
Table 42 Safilo: Product Portfolio
Table 43 Safilo: Key Developments
Table 44 Alcon: Overview
Table 45 Alcon: Product Portfolio
Table 46 Alcon: Key Developments
Table 47 Bausch & Lomb: Overview
Table 48 Bausch & Lomb: Product Portfolio
Table 49 Bausch & Lomb: Key Developments
Table 50 Carl Zeiss: Overview
Table 51 Carl Zeiss: Product Portfolio
Table 52 Carl Zeiss: Key Developments
Table 53 Charmant: Overview
Table 54 Charmant: Product Portfolio
Table 55 Charmant: Key Developments
Table 56 Chemilens: Overview
Table 57 Chemilens: Product Portfolio
Table 58 Chemilens: Key Developments
Table 59 CooperVision: Overview
Table 60 CooperVision: Product Portfolio
Table 61 CooperVision: Key Developments

List of Figures
Figure 1 Global Eyewear Market Share, By Product, 2018 & 2027 (%)
Figure 2 Global Eyewear Market Share, By End-User, 2018 & 2027 (%)
Figure 3 Global Eyewear Market Share, By Distribution Channel, 2018 & 2027 (%)
Figure 4 Global Eyewear Market Share, By Region, 2018 & 2027 (%)
Figure 5 Global Eyewear Market Value, 2017-2027 ($ Million)
Figure 6 Global Eyewear Market Y-o-Y Growth, By Product, 2018-2027 (%)
Figure 7 Spectacles: Global Eyewear Market Value, 2017-2027 ($ Million)
Figure 8 Sunglasses: Global Eyewear Market Value, 2017-2027 ($ Million)
Figure 9 Contact Lenses: Global Eyewear Market Value, 2017-2027 ($ Million)
Figure 10 Global Eyewear Market Y-o-Y Growth, By End-User, 2018-2027 (%)
Figure 11 Men: Global Eyewear Market Value, 2017-2027 ($ Million)
Figure 12 Women: Global Eyewear Market Value, 2017-2027 ($ Million)
Figure 13 Unisex: Global Eyewear Market Value, 2017-2027 ($ Million)
Figure 14 Global Eyewear Market Y-o-Y Growth, By Distribution Channel, 2018-2027 (%)
Figure 15 Online Distribution Channel: Global Eyewear Market Value, 2017-2027 ($ Million)
Figure 16 Offline Distribution Channel: Global Eyewear Market Value, 2017-2027 ($ Million)
Figure 17 Global Eyewear Market Y-o-Y Growth, By Region, 2018-2027 (%)
Figure 18 North America Eyewear Market Value, 2017-2027 ($ Million)
Figure 19 North America Eyewear Market Share, By Product, 2018 & 2027 (%)
Figure 20 North America Eyewear Market Share, By End-User, 2018 & 2027 (%)
Figure 21 North America Eyewear Market Share, By Distribution Channel, 2018 & 2027 (%)
Figure 22 North America Eyewear Market Share, By Country, 2018 & 2027 (%)
Figure 23 South America Eyewear Market Value, 2017-2027 ($ Million)
Figure 24 South America Eyewear Market Share, By Product, 2018 & 2027 (%)
Figure 25 South America Eyewear Market Share, By End-User, 2018 & 2027 (%)
Figure 26 South America Eyewear Market Share, By Distribution Channel, 2018 & 2027 (%)
Figure 27 South America Eyewear Market Share, By Country, 2018 & 2027 (%)
Figure 28 Europe Eyewear Market Value, 2017-2027 ($ Million)
Figure 29 Europe Eyewear Market Share, By Product, 2018 & 2027 (%)
Figure 30 Europe Eyewear Market Share, By End-User, 2018 & 2027 (%)
Figure 31 Europe Eyewear Market Share, By Distribution Channel, 2018 & 2027 (%)
Figure 32 Europe Eyewear Market Share, By Country, 2018 & 2027 (%)
Figure 33 Asia-Pacific Eyewear Market Value, 2017-2027 ($ Million)
Figure 34 Asia-Pacific Eyewear Market Share, By Product, 2018 & 2027 (%)
Figure 35 Asia-Pacific Eyewear Market Share, By End-User, 2018 & 2027 (%)
Figure 36 Asia-Pacific Eyewear Market Share, By Distribution Channel, 2018 & 2027 (%)
Figure 37 Asia-Pacific Eyewear Market Share, By Country, 2018 & 2027 (%)
Figure 38 Middle East & Africa Eyewear Market Value, 2017-2027 ($ Million)
Figure 39 Middle East & Africa Eyewear Market Share, By Product, 2018 & 2027 (%)
Figure 40 Middle East & Africa Eyewear Market Share, By End-User, 2018 & 2027 (%)
Figure 41 Middle East & Africa Eyewear Market Share, By Distribution Channel, 2018 & 2027 (%)
Figure 42 Luxottica: Financials
Figure 43 Essilor: Financials
Figure 44 Johnson & Johnson Vision Care: Financials
Figure 45 Safilo: Financials
Figure 46 Alcon: Financials
Figure 47 Bausch & Lomb: Financials
Figure 48 Carl Zeiss: Financials
Figure 49 Charmant: Financials
Figure 50 Chemilens: Financials
Figure 51 CooperVision: Financials
 

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