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Press Release:
Eyewear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
Eyewear are accessories that are worn over the eyes for the correction of the vision, embellishment or protection of the eyes from the harmful UV rays present in the sunlight. The material that is generally used to manufacture the eye frames are plastic or metal, depending upon their requirements. Over the years, the demand for various eye care products has been increasing on account of rising awareness regarding UV exposure dangers and increasing number of visual deficiencies. According to IMARC Group’s latest report, titled “Eyewear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023", the global eyewear market was valued at US$ 109 Billion in 2017.
The rising standard of living and exposure to electronic gadgets are expected to boost the demand for spectacles and contact lenses, thereby driving the eyewear market growth. Increasing awareness regarding the significance of appropriate eye protection is further expected to stimulate the sales of these products. Additionally, the growing consumer preferences for luxury and premium products will encourage the manufacturers to invest in the development and marketing of technologically advanced eyewear, leading to higher profit margins for them. Looking forward, the market projected to exceed a value of US$ 167 Billion by 2023, growing at a CAGR of 7.4% during 2018-2023.
The report has segmented the market on the basis of product type, including spectacles, sunglasses and contact lenses. Amongst these, spectacles account for the majority of the market share. The market further has been analysed on the basis of gender, wherein men represent the major consumers. The market has also been assessed on the basis of distribution channels, covering optical stores, independent brand showrooms, online stores and retail stores. Region-wise, Europe represents the largest market followed by North America and Asia Pacific. Other major regions include Middle East and Africa, and Latin America. The leading players in the global eyewear market include Luxottica, Essilor, Johnson & Johnson Vision Care, Safilo and Alcon.
This report provides a deep insight into the global eyewear market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the eyewear industry in any manner.
Key Questions Answered in This Report:
- How has the global eyewear market performed so far and how will it perform in the coming years?
- What are the key regions in the global eyewear market?
- Which are the popular product types in the global eyewear market?
- What are the price trends of eyewear?
- What are the key driving factors and challenges in the global eyewear market?
- What is the structure of the global eyewear market and who are the key players?
- What is the degree of competition in the global eyewear market?
- How is eyewear manufactured?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Eyewear Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product
5.4 Market Breakup by Gender
5.5 Market Breakup by Distribution Channel
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Marketing
5.9.6 Distribution
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 Market Breakup by Product
6.1 Spectacles
6.2 Sunglasses
6.3 Contact lenses
7 Market Breakup by Gender
7.1 Men
7.2 Women
7.3 Unisex
8 Market Breakup by Distribution Channel
8.1 Optical Stores
8.2 Independent Brand Showrooms
8.3 Online Stores
8.4 Retail Stores
9 Market Breakup by Region
9.1 Europe
9.2 North America
9.3 Asia Pacific
9.4 Middle East and Africa
9.5 Latin America
10 Eyewear Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Luxottica
11.3.1.1 Company Overview
11.3.1.2 Description
11.3.1.3 Product Portfolio
11.3.1.4 Financials
11.3.1.5 SWOT Analysis
11.3.2 Essilor
11.3.2.1 Company Overview
11.3.2.2 Description
11.3.2.3 Product Portfolio
11.3.2.4 Financials
11.3.2.5 SWOT Analysis
11.3.3 Johnson & Johnson Vision Care
11.3.3.1 Company Overview
11.3.3.2 Description
11.3.3.3 Product Portfolio
11.3.4 Safilo
11.3.4.1 Company Overview
11.3.4.2 Description
11.3.4.3 Product Portfolio
11.3.5 Alcon
11.3.5.1 Company Overview
11.3.5.2 Description
11.3.5.3 Product Portfolio
List of Figures
Figure 1: Global: Eyewear Market: Major Drivers and Challenges
Figure 2: Global: Eyewear Market: Sales Value (in Billion US$), 2010-2017
Figure 3: Global: Eyewear Market: Breakup by Type (in %), 2017
Figure 4: Global: Eyewear Market: Breakup by Gender (in %), 2017
Figure 5: Global: Eyewear Market: Breakup by Distribution Channel (in %), 2017
Figure 6: Global: Eyewear Market: Breakup by Region (in %), 2017
Figure 7: Global: Eyewear Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 8: Global: Eyewear Industry: SWOT Analysis
Figure 9: Global: Eyewear Industry: Value Chain Analysis
Figure 10: Global: Eyewear Industry: Porter’s Five Forces Analysis
Figure 11: Global: Spectacles Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 12: Global: Sunglasses Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 13:Global: Contact lenses Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 14: Global: Men Eyewear Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 15: Global: Women Eyewear Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 16: Global: Unisex Eyewear Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 17: Global: Eyewear Market: Sales Through Optical Stores (in Million US$), 2010, 2017 & 2023
Figure 18: Global: Eyewear Market: Sales Through Independent Brand Showrooms (in Million US$), 2010, 2017 & 2023
Figure 19: Global: Eyewear Market: Sales Through Online Stores (in Million US$), 2010, 2017 & 2023
Figure 20: Global: Eyewear Market: Sales Through Retail Stores (in Million US$), 2010, 2017 & 2023
Figure 21: Europe: Eyewear Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 22: North America: Eyewear Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 23: Asia Pacific: Eyewear Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 24: Middle East and Africa: Eyewear Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 25: Latin America: Eyewear Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 26: Eyewear Manufacturing: Process Flow
List of Tables
Table 1: Global: Eyewear Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Eyewear Market Forecast: Breakup by Product (in Million US$), 2018-2023
Table 3: Global: Eyewear Market Forecast: Breakup by Gender (in Million US$), 2018-2023
Table 4: Global: Eyewear Market Forecast: Breakup by Distribution Channel (in Million US$), 2018-2023
Table 5: Global: Eyewear Market Forecast: Breakup by Region (in Million US$), 2018-2023
Table 6: Eyewear: Raw Material Requirements
Table 7: Global: Eyewear Market Structure
Table 8: Global: Eyewear Market: Key Players
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