Industry Background:
Glasses Frames, the most common form of eyewear frame which is used to hold number lenses or sunglass lenses in front of a person's eyes typically using a bridge over nose and arms which rest over the ears. It is a device which is made up of metal, plastic or any other material on which glass or hard plastic lenses are mounted. Based on the type, the market has been segmented into metal material, plastic or resin, natural materials and some of the mixed material glasses frames. Rising use of fashionable sunglasses frames and increasing disposable income among the growing population is fuelling the glasses frame market. Also, there is an increment in the spending on fashionable accessories which is creating an opportunity for the market. While some of the factors like strong competition due to the attractive market is restraining the growth of the market to some extent.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | SEIKO (Japan), RayBan (Italy), ESSILOR (France), Oakley (United States), Montblanc (Germany), TOM FORD (United States), Gucci (Italy), KATE SPADE (United States), Tapestry (United States) and Prada (United States) |
This growth is primarily driven by Rising Use of Fashionable Sunglasses Frames and Increasing Disposable Income of Growing Population.
Globally, a noticeable market trend is evident Surged in Demand for Vintage Eye Frames
Major Vendors, such as SEIKO (Japan), RayBan (Italy), ESSILOR (France), Oakley (United States), Montblanc (Germany), TOM FORD (United States), Gucci (Italy), KATE SPADE (United States), Tapestry (United States) and Prada (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market players are adopting many strategies so as to attract the audience and to gain highest market share, these strategies can be listed as maintaining product uniqueness, offering attractive discounts, mergers with related organizations, alliances with different companies to increase sales area globally and others.
Key Developments in the Market:
In August 2023, Titan Eyeplus launched Zefr, glasses for men and women. This launch helped company to expand its presence in glasses frames market
In September 2022, EssilorLuxottica extended partnership with Armani. This strategic move helped company to expand its presence in glasses frames market
Influencing Trend:
Surged in Demand for Vintage Eye Frames and Availability of Technologically Advanced Frames
Market Growth Drivers:
Rising Use of Fashionable Sunglasses Frames and Increasing Disposable Income of Growing Population
Challenges:
Intense Competition among the Players
Restraints:
Strong Competition Due to Attractive Market and Availability of Counterfeit Products at Low Prices
Opportunities:
Increment in Spending on Fashion Accessories
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Glasses Frames Market
- Analysis about New Entrants in Glasses Frames Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Glasses Frames Study Sheds Light on
The Glasses Frames Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Glasses Frames industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Glasses Frames industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.