Global Eyewear Market Overview 2018, Demand by Regions, Share, Size, Growth and Forecast to 2023

The global eyewear market has been witnessing a positive growth over the years. This can be attributed to various factors which include rising prevalence rate of chronic diseases due to changing dietary patterns and excessive exposure to electronic devices.

Eyewear are the accessories or items that are worn over the eyes for the purpose of improving or enhancing visual activity. These are also used for providing protection against the damage caused by excessive light, pollution, UV rays and dust among others. Frames for eyewear products can be manufactured by using metal or plastic, depending upon the specific requirements of these frames. These products are available in different shapes, designs and sizes. A new research report by IMARC Group, titled “Eyewear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market was around US$ 116 Billion in 2017. The report further anticipates the market to reach nearly US$ 138 Billion by 2023, at a projected CAGR of 3% over the forecast period.

Want more information about this market? Request a free report sample

Global Eyewear Market Drivers/Constraints:

  • There has been a substantial rise in the prevalence rate of chronic diseases owing to the changing dietary habits and excessive exposure to electronic devices. This is one of the major factors which is propelling the growth of the global eyewear market.
  • Several organisations as well as governments across various nations have been conducting programmes in order to spread awareness about eyesight-related issues along with the importance of eyewear. This, in turn, highly contributes towards the augmented demand for eyewear.
  • Some of the other factors which are fostering the market growth include growing geriatric population, increasing disposable incomes, improving living standards and changing fashion trends.
  • However, some of the challenges such as price differentiation between the unbranded and branded frames along with the availability of illegal novelty contact lenses act as obstacles for the growth of the market.

eyewear market segmentation

Product Insights:

On the basis of type, there are a large number of eyewear available in the market including spectacles, sunglasses and contact lenses. Currently, spectacles represent the largest product type due to the availability of aesthetically appealing frames in the market.

Gender Insights:

The market has been further segregated into gender types which include men, women and unisex. Among these, men exhibit a clear dominance over the market, holding the majority of the market share.

Distribution Channel Insights:

Based on distribution channel, optical stores represent the most popular segment of the global eyewear market. It is followed by independent brand stores, online stores and retail stores.

Regional Insights:

On a geographical front, Europe enjoys the leading position in the market on account of a high demand for eyewear in the region. Some of the other major markets include North America, Asia-Pacific, Middle East and Africa, and Latin America.

Competitive Landscape:

The market is fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

  • Luxottica
  • Essilor
  • Johnson & Johnson Vision Care
  • Safilo
  • Alcon

 

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s