Market Overview:
The global eyeglass market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as an increase in the prevalence of eye disorders, rising awareness about eye health, and technological advancements in eyeglasses. By type, the global eyeglass market is segmented into spectacles, sunglasses, and contact lenses. Spectacles are further sub-segmented into prescription spectacles and non-prescription spectacles. Prescription spectacles are used by people who require corrective lenses for near or far vision problems. Non-prescription spectacles are used by people who do not require corrective lenses for near or far vision problems but still want to use glasses for cosmetic reasons or protection from UV radiation exposure. By application, the global eyeglass market is segmented into young adults (age group 18-34 years), adults (age group 35-54 years), mature adults (age group 55+ years), and seniors (age group 65+ years). Young adults account for the majority of demand for eyeglasses due to their high prevalence of myopia and other eye disorders.
Product Definition:
A lens mounted in a frame worn in front of the eyes, used to correct or improve vision.
Spctacles:
Spctacles is a new term in the eyeglass industry. It means spectacles or lenses that are used to correct refractive errors such as myopia (near-sightedness), hyperopia (farsightedness), astigmatism, and presbyopia.
Sunglasses:
Sunglasses are eyeglass lenses that are designed to protect the wearer from harmful ultraviolet (UV) rays. They may also provide optical benefits such as increased contrast, improved vision, and protection against glare. The global sunglasses market is expected to witness significant growth over the forecast period owing to growing consumer awareness regarding UV ray protection and anti-glare glasses along with changing fashion trends in eyewear.
Application Insights:
Adults application segment accounted for the largest share of more than 60.0% in 2017. The growing preference for eyewear by adults due to the increasing use of smartphones, social media and internet is expected to drive the demand over the forecast period. Furthermore, an increase in spending on fashionable frames that suit their requirements will also boost industry growth over the coming years.
The young adults application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to rising disposable income among millennials coupled with high product adoption rate among this demographic group as they are increasingly wearing eyeglasses while watching movies or TV shows and reading books which has led them being named as ¢â‚¬Ëœyoung adult lens wearer¢â‚¬â„¢s demographic by market researchers Insights West Ltd.
Regional Analysis:
North America dominated the global eyeglass market in 2017. The region is expected to maintain its position during the forecast years owing to high disposable income of consumers and increasing awareness about eye protection against UV light. In addition, presence of major players in this region will also help maintain dominance.
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period due to rising demand for sunglasses and protective eyewear products from developing countries such as China, India, and Japan among others. Moreover, increasing number of manufacturing facilities by prominent players such as Luxottica (Italy) and Rayban (China) will fuel growth further on account of low cost production practices adopted by these companies which are expected to attract customers towards these brands resulting in increased sales volume over time which would drive growth further.
Growth Factors:
- Increasing awareness about eye health and the importance of regular eye check-ups.
- Growing prevalence of vision problems, such as myopia and astigmatism.
- Rising demand for corrective eyeglasses among the aging population.
- Increasing popularity of contact lenses and other vision correction procedures, such as LASIK surgery.
- Proliferation of e-commerce platforms that offer affordable eyeglasses and contact lenses online
Scope Of The Report
Report Attributes
Report Details
Report Title
Eyeglass Market Research Report
By Type
Spctacles, Sunglasses, Contact Lenses
By Application
Young Adults, Adults, Mature Adults, Seniors
By Companies
Luxottica Group S.p.A., Essilor International, Grand Vision, Carl Zeiss AG, Hoya Corporation, De Rigo S.p.A., Indo Internacional, Safilo Group S.p.A., Johnson & Johnson, CIBA Vision, CooperVision, GBV, Marchon, Fielmann AG, Bausch & Lomb, Charmant, TEK Optical Canada
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Eyeglass Market Report Segments:
The global Eyeglass market is segmented on the basis of:
Types
Spctacles, Sunglasses, Contact Lenses
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Young Adults, Adults, Mature Adults, Seniors
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Luxottica Group S.p.A.
- Essilor International
- Grand Vision
- Carl Zeiss AG
- Hoya Corporation
- De Rigo S.p.A.
- Indo Internacional
- Safilo Group S.p.A.
- Johnson & Johnson
- CIBA Vision
- CooperVision
- GBV
- Marchon
- Fielmann AG
- Bausch & Lomb
- Charmant
- TEK Optical Canada
Highlights of The Eyeglass Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spctacles
- Sunglasses
- Contact Lenses
- By Application:
- Young Adults
- Adults
- Mature Adults
- Seniors
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Eyeglass Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Eyeglasses are a type of eyewear that help people see better. They come in many different styles and can be made from a variety of materials, including plastic, metal, and glass.
Some of the major companies in the eyeglass market are Luxottica Group S.p.A., Essilor International, Grand Vision, Carl Zeiss AG, Hoya Corporation, De Rigo S.p.A., Indo Internacional, Safilo Group S.p.A., Johnson & Johnson, CIBA Vision, CooperVision, GBV, Marchon, Fielmann AG, Bausch & Lomb, Charmant, TEK Optical Canada.
The eyeglass market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Eyeglass Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Eyeglass Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Eyeglass Market - Supply Chain
4.5. Global Eyeglass Market Forecast
4.5.1. Eyeglass Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Eyeglass Market Size (000 Units) and Y-o-Y Growth
4.5.3. Eyeglass Market Absolute $ Opportunity
5. Global Eyeglass Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Eyeglass Market Size and Volume Forecast by Type
5.3.1. Spctacles
5.3.2. Sunglasses
5.3.3. Contact Lenses
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Eyeglass Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Eyeglass Market Size and Volume Forecast by Application
6.3.1. Young Adults
6.3.2. Adults
6.3.3. Mature Adults
6.3.4. Seniors
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Eyeglass Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Eyeglass Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Eyeglass Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Eyeglass Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Eyeglass Demand Share Forecast, 2019-2026
9. North America Eyeglass Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Eyeglass Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Eyeglass Market Size and Volume Forecast by Application
9.4.1. Young Adults
9.4.2. Adults
9.4.3. Mature Adults
9.4.4. Seniors
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Eyeglass Market Size and Volume Forecast by Type
9.7.1. Spctacles
9.7.2. Sunglasses
9.7.3. Contact Lenses
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Eyeglass Demand Share Forecast, 2019-2026
10. Latin America Eyeglass Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Eyeglass Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Eyeglass Market Size and Volume Forecast by Application
10.4.1. Young Adults
10.4.2. Adults
10.4.3. Mature Adults
10.4.4. Seniors
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Eyeglass Market Size and Volume Forecast by Type
10.7.1. Spctacles
10.7.2. Sunglasses
10.7.3. Contact Lenses
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Eyeglass Demand Share Forecast, 2019-2026
11. Europe Eyeglass Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Eyeglass Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Eyeglass Market Size and Volume Forecast by Application
11.4.1. Young Adults
11.4.2. Adults
11.4.3. Mature Adults
11.4.4. Seniors
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Eyeglass Market Size and Volume Forecast by Type
11.7.1. Spctacles
11.7.2. Sunglasses
11.7.3. Contact Lenses
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.0.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Eyeglass Demand Share, 2019-2026
12. Asia Pacific Eyeglass Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Eyeglass Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Eyeglass Market Size and Volume Forecast by Application
12.4.1. Young Adults
12.4.2. Adults
12.4.3. Mature Adults
12.4.4. Seniors
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Eyeglass Market Size and Volume Forecast by Type
12.7.1. Spctacles
12.7.2. Sunglasses
12.7.3. Contact Lenses
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Eyeglass Demand Share, 2019-2026
13. Middle East & Africa Eyeglass Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Eyeglass Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Eyeglass Market Size and Volume Forecast by Application
13.4.1. Young Adults
13.4.2. Adults
13.4.3. Mature Adults
13.4.4. Seniors
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Eyeglass Market Size and Volume Forecast by Type
13.7.1. Spctacles
13.7.2. Sunglasses
13.7.3. Contact Lenses
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Eyeglass Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Eyeglass Market: Market Share Analysis
14.2. Eyeglass Distributors and Customers
14.3. Eyeglass Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Luxottica Group S.p.A.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Essilor International
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Grand Vision
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Carl Zeiss AG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hoya Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. De Rigo S.p.A.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Indo Internacional
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Safilo Group S.p.A.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Johnson & Johnson
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CIBA Vision
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CooperVision
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. GBV
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Marchon
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fielmann AG
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Bausch & Lomb
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Charmant
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. TEK Optical Canada
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
