Global Eyeglasses Market Overview:
Eyeglasses, the most common form of eyewear which used to improve or correct several types of vision problems. It is also called spectacles that are used to correct refractive errors. Refractive errors can include myopia, hyperopia or farsightedness, and astigmatism. Eyeglasses perform this function by subtracting or adding focusing power to the eye's cornea and lens. Based on the type, the market has been segmented into spectacles, sunglasses, and contact lenses. The increasing vision problem incidences across the globe is one of the major factor contributing to the growth of the market. Some of the key players profiled in the study are Luxottica Group S.p.A. (Italy), Essilor International (France), Grand Vision (Netherlands), Carl Zeiss AG (Germany), Hoya Corporation (Japan), De Rigo S.p.A. (Italy), Indo Internacional S.A. (Spain), Safilo Group S.p.A. (Italy), Johnson Johnson (United States) and CIBA Vision (United States).
On the basis of geography, the market of Eyeglasses has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Eyeglasses market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Incidences of Vision Problems across the Globe
- Rising Geriatric Population Worldwide
- The Surging Demand for Stylish Eyeglasses among the Youths
- Increased the Popularity of Aviators
- Surged in Demand for Vintage Eye Frames
- Technological Advancements in Eyeglasses
- The Emerging Demand from Developed As Well As Developing Nations
- Intense Competition among the Players
Major Market Developments:
On 27 March 2019, Johnson & Johnson vision has announced the availability of Acuvue Oasys with transitions light intelligent technology in the United States. The contact lenses seamlessly adapt to changing light, helping eyes recover from bright light up to five seconds faster, reducing halos and starbursts at night, and delivering more effortless sight with less squinting, from dawn to dusk., On 20 Feb 2019, El Corte Inglés and GrandVision have reached an agreement for the Dutch group to acquire the optical retail chain Óptica2000. This will enable the Spanish brand to embark on a new phase of growth as part of the world leader in optical retailing. and On 28 Jan 2019, GrandVision N.V. has announced that it acquired 100 percent of Charlie Temple, the leading online optical retailer in the Benelux. It's business model focuses on offering quality spectacles with a single vision and multifocal lenses at competitive prices and next-day delivery.
On 24 Sept 2018, Marchon Eyewear, Inc., one of the world's leading eyewear manufacturers, and Cutler and Gross Ltd., the iconic, luxury British eyewear brand, announced that they have entered into a long-term exclusive agreement for the distribution of Cutler and Gross sun and optical eyewear throughout the United States. and On 26 June 2018, DE RIGO and Mulberry have signed a license agreement to develop the eyewear line. With the first collection expected to launch during Spring-Summer 2019. The collection will be distributed across the Mulberry network which comprises flagship stores, the mulberry.com digital platform, and select wholesale and optical stores.
Eyeglasses Manufacturers, Eyeglasses Raw Material Suppliers, Eyeglasses Traders/Distributors, Eyeglasses Importer/Exporter, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Eyeglasses market on the basis of product [Spectacles, Sunglasses and Contact Lenses] , application [Young Adults, Adults, Mature Adults and Seniors], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Eyeglasses market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Eyeglasses industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are CooperVision (United States), Marchon Eyewear (United States), Fielmann AG (Germany), Bausch Lomb (United States), Charmant Inc. (Japan) and TEK Optical Canada (Canada).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Eyeglasses market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.