About Foldable Glasses
Folding glasses are the ideal solution. This frame folds up to a much smaller volume than standard glasses, making them easy to store and carry regardless of how they are used. The folding glasses can be stored in a small carrying case. Due to its small size, this case will fit in a pocket, a small bag, or even clip to a belt. It will be much easier not to forget the glasses still that they are hence easily transportable. They are ideal for those who do not have the space to transport their glasses. Users can either use small bags or carry the case in the pocket. As a result, they frequently forget to bring their glasses.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.0% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Foldable Glasses 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.
EyeWris (United States), Rokid Corporation Ltd (United States), FGX International Inc. (United States), Nannini Italian Quality Srl (Italy), Eagle Eyes Optics (United States), MAD Gaze (China), BURBERRY GROUP (United Kingdom), FIELMANN (Germany) and Titan Company (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are LENSKART (India), Persol (United States), Ray ban (Italy) and The Wolt (Sweden).
Segmentation Overview
AMA Research has segmented the market of Global Foldable Glasses market by , Application (Men, Women and Children) and Region.
On the basis of geography, the market of Foldable Glasses has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Frame Shape, the sub-segment i.e. Aviator will boost the Foldable Glasses market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Foldable Glasses market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Frame Material, the sub-segment i.e. Composite will boost the Foldable Glasses market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development Of E-Commerce Sites To Raise Online Sales
Market Growth Drivers:
Rising Disposable Income in Emerging Countries and Growth in Number of Aging People Worldwide
Challenges:
The Fluctuation of Raw Materials is anticipated to Challenge the Market and Intense Competition among the Players
Restraints:
Availability of Low-Quality Products in Cheaper Rates and Impact of Slow Down of Economy on Production of Foldable Glasses
Opportunities:
Growth of Advanced Technologies for Manufacturing Foldable Glasses, Availability of Technologically Advanced Frames and Increment in Spending on Fashion Accessories
Market Leaders and their expansionary development strategies
In September 2023, TCL, a major display manufacturer, partnered with INMO, a Chinese foldable smart glasses maker, to develop and produce new foldable AR glasses. This suggests larger companies are entering the space.
In October 2023, Lenovo ThinkReality A3, a lightweight and affordable enterprise-focused foldable AR glasses, was launched. This marked a step towards wider adoption in professional settings.
Key Target Audience
Foldable Glasses Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations 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.