About Eyeglasses
Eyeglasses, the most common form of eyewear which used to improve or correct several types of vision problems. It is also called spectacles that are used to correct refractive errors. Refractive errors can include myopia, hyperopia or farsightedness, and astigmatism. Eyeglasses perform this function by subtracting or adding focusing power to the eye's cornea and lens. Based on the type, the market has been segmented into spectacles, sunglasses, and contact lenses. The increasing vision problem incidences across the globe is one of the major factor contributing to the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The eyeglasses market is a complex and dynamic space with a diverse range of players. Understanding the competitive landscape, consumer trends, and key drivers of growth is essential for any business seeking to succeed in this exciting industry. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Eyeglasses market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Luxottica Group S.p.A. (Italy), Essilor International (France), Grand Vision (Netherlands), Carl Zeiss AG (Germany), Hoya Corporation (Japan), De Rigo S.p.A. (Italy), Indo Internacional S.A. (Spain), Safilo Group S.p.A. (Italy), Johnson Johnson (United States) and CIBA Vision (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are CooperVision (United States), Marchon Eyewear (United States), Fielmann AG (Germany), Bausch Lomb (United States), Charmant Inc. (Japan) and TEK Optical Canada (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Eyeglasses market by Type (Spectacles, Sunglasses and Contact Lenses), Application (Young Adults, Adults, Mature Adults and Seniors) and Region.
On the basis of geography, the market of Eyeglasses has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Eyeglasses market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased the Popularity of Aviators and Surged in Demand for Vintage Eye Frames
Market Growth Drivers:
Increasing Incidences of Vision Problems across the Globe, Rising Geriatric Population Worldwide and The Surging Demand for Stylish Eyeglasses among the Youths
Challenges:
Intense Competition among the Players
Opportunities:
Technological Advancements in Eyeglasses and The Emerging Demand from Developed As Well As Developing Nations
Market Leaders and their expansionary development strategies
In September 2023, Persol and Ferrari has collaborated Celebrating their shared Italian heritage, Persol, a sunglasses brand known for its vintage vibes, and Ferrari, the iconic car manufacturer, teamed up for a limited-edition collection of sunglasses inspired by Ferrari's racing legacy. This partnership catered to car enthusiasts and lovers of Italian luxury.
In July 2023, Gucci launched "GG0048" Collection: Gucci, a leader in high-fashion, made a bold statement with their oversized and playful frames in the GG0048 collection. Targeting fashionistas who crave daring and unique eyewear, these frames captured the limelight with their vibrant colors and playful patterns.
Key Target Audience
Eyeglasses Manufacturers, Eyeglasses Raw Material Suppliers, Eyeglasses Traders/Distributors, Eyeglasses Importer/Exporter, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.