Eyewear Market Forecast to : Key Players, Growth, Trends and Opportunities
Author : Danny patil | Published On : 04 Mar 2024
Discover a detailed exploration of the Eyewear Market by Data Bridge Market Research, thoughtfully presented with visual finesse to ensure seamless data absorption. Crucial insights are illuminated through vivid graphs, charts, and figures, empowering astute decision-making.
The insights, statistics, and data within this Eyewear market report serve as a compass for companies, guiding their production decisions based on demand conditions, maximizing efficiencies, and optimizing each stage in the industrial lifecycle—from engagement and acquisition to retention and monetization. Embedded within this report is an in-depth investment analysis that foresees forthcoming opportunities for market players within this industry. Offering a comprehensive overview, this report spans market analysis, product definitions, segmentation, key developments, and the prevailing vendor landscape.
This Eyewear market research report stands as a meticulous analysis of the current market scenario, encapsulating a multitude of market dynamics. Categorizing information by companies, regions, types, and end-use industries, it furnishes a detailed market landscape. The competitive analysis sheds light on strategies employed by major market players, spanning from new product launches to expansions, agreements, joint ventures, partnerships, and acquisitions, all contributing to their market footprint. Each parameter undergoes thorough research to yield enhanced and actionable market insights. With unwavering dedication, this superior, transparent, and all-encompassing Eyewear market report is offered to clients, extending their reach toward the pathway of success.
Data Bridge Market Research analyses that the eyewear market is expected to reach USD 217.35 billion by 2030, which is USD 121.50 billion in 2022, registering a CAGR of 7.54% during the forecast period of 2023 to 2030.
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Market Growth Drivers:
- Increasing popularity of sports sunglasses
There is a growth in the number of people entering the global workforce, and a major share among them is more expected to embrace fitness and sports as a part of recreational activities, which are changing lifestyle preferences. Endurance sports have also paved the way for enthusiasts who want a different type of sports accessories, thus positively driving the sales of sports sunglasses all over the globe. People's participation rate in outdoor activities, such as the UK’s first open water 10K event, Tour de France, Heliskiing across Canada and Ironman 70.3 Pays d’Aix, have augmented in the last few years. Furthermore, brands such as Mr. Leight, Prada Linea Rossa, Persol, and Cartier are providing consumers the latest designs in the sports sunglasses market by specially targeting winter and skiing sports enthusiasts.
- Rising prevalence of cataract disease
The prevalence of cataract related vision increased by about 55 percent worldwide in 2019, from around 790 per 100,000 people to an estimated 1250 per 100,000 people. Eyewear is compulsory after the cataract surgery. However, many people experience vision improvement there are some which would need some form of eyeglasses. Even before cataract surgery people experience some type of discomfort. As a result of discomfort, eyewear is being used after cataract surgery. Thus, this factor is projected to increase the market growth during the forecast period.
Notably, the report emphasizes the engagement of essential entities, including:
De Rigo Vision S.p.A. (Italy), Essilor (France), Fielmann (Germany), Lanvin (France), Marchon Eyewear, Inc. (U.S.), Marcolin SpA. (Italy), Maui Jim (U.S.), Safilo Group S.p.A. (Italy), Alexander McQueen (U.K.), Michael Kors (U.S.), Pivothead (U.S.), Specsavers (Guernsey), FASTRACK LTD. (India), CHARMANT Group (U.S.), Kyboe. (U.S.), Procter & Gamble (U.S.), Estée Lauder Inc (U.S.), THE AVON COMPANY (U.K.), HOYA Corporation (Japan) and Shanghai Conant Optics Co., Ltd (China)
Key highlights of the report:
- Comprehensive analysis of the global Eyewear market, detailing present and future trends to identify promising investment opportunities.
- Exploration of evolving market dynamics within the industry.
- Examination of strategies adopted by major players and their product portfolios.
- Detailed breakdown of market segments for a profound understanding.
- Review of the latest industry trends and advancements.
- Forecasting the trajectory of the Eyewear market through detailed segmentation analysis
Key Market Segmentation
Product (Spectacles, Sunglasses, Contact Lenses and Other Product Types), Gender (Men, Women and Unisex), Distribution Channel (Optical Stores, Independent Brand Showrooms, Online Stores and Retail Stores)
Intended Audience:
- Companies within the Eyewear industry
- Investors and analysts keen on the Eyewear market
- Individuals seeking insights into the dynamics of the Eyewear market
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