Market Snapshot:
Eyewear is defined as goods and accessories worn on or over the eyes for the purpose of fashion or ornamentation, environmental protection, or to improve or enhance visual acuity. Glasses (also known as eyeglasses or spectacles), sunglasses, and contact lenses are all common types of eyewear. More practical kinds of eye protection, such as goggles, can also be considered eyewear. Eyewear, commonly known as glasses or spectacles, consists of lenses mounted in frames that are worn in front of the eyes to aid vision or correct vision problems such as myopia, hyperopia, and astigmatism. Full-frame, semi-rimless, and rimless glasses are the three primary types of eyeglass frames. They are available in a range of forms, sizes, and colors and can be made of metal or plastic.
Market Drivers
- Growth in Number of Aging People Worldwide
- Rising Disposable Income in Emerging Countries
Market Trend
- Development of E-Commerce Sites to raise Online Sales
Restraints
- Availability of Low-Quality Products in Cheaper Rates
Opportunities
Rising Demand for Innovative Eyewear for Better Vision and Higher Aesthetic Appeal and Growth of Advanced Technologies for Manufacturing Sunglasses
Vendors Covered in the Study are:
KERING (France), ESSILOR LUXOTTICA (France), BURBERRY GROUP (United Kingdom), RALPH LAUREN CORPORATION (United States), CAPRI HOLDINGS (United Kingdom), GRANDVISION (Netherlands), FIELMANN (Germany), Titan Company (India), LENSKART (India) and SUN HING VISION GROUP HOLDINGS (China)
The Global Eyewear market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
What can be explored with Eyewear study:
Where Eyewear industry stands in scaling its end use implementations
What concrete benefits would result from scaled initiatives by Vendors
Where Vendors should focus their investments cycle
Key success factors and recommendations for upscaling future growth.
Target Market / Country and Key Business Segments
Available Customization:
List of players that can be included in the study on immediate basis are Persol (United States), Ray ban (Italy) and Fastrack (India).
Frequently Asked Questions (FAQ):
1. What is the growth rate predicted for the Global Eyewear Market?The Eyewear market is expected to see a CAGR of
% during projected year 2021 to 2027.
2. Who are the top performing companies in Eyewear Market?
Top performing companies in the Global Eyewear market are KERING (France), ESSILOR LUXOTTICA (France), BURBERRY GROUP (United Kingdom), RALPH LAUREN CORPORATION (United States), CAPRI HOLDINGS (United Kingdom), GRANDVISION (Netherlands), FIELMANN (Germany), Titan Company (India), LENSKART (India) and SUN HING VISION GROUP HOLDINGS (China), to name a few.
3. What trending factors would impact Eyewear Market growth most?
"Development of E-Commerce Sites to raise Online Sales" is seen as one of major influencing trends for Eyewear Market during projected period 2021-2027.