About Eyewear
Eyewear is defined as goods and accessories worn on or over the eyes for the purpose of fashion or ornamentation, environmental protection, or to improve or enhance visual acuity. Glasses (also known as eyeglasses or spectacles), sunglasses, and contact lenses are all common types of eyewear. More practical kinds of eye protection, such as goggles, can also be considered eyewear. Eyewear, commonly known as glasses or spectacles, consists of lenses mounted in frames that are worn in front of the eyes to aid vision or correct vision problems such as myopia, hyperopia, and astigmatism. Full-frame, semi-rimless, and rimless glasses are the three primary types of eyeglass frames. They are available in a range of forms, sizes, and colors and can be made of metal or plastic.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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 Eyewear 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.
KERING (France), ESSILOR LUXOTTICA (France), BURBERRY GROUP (United Kingdom), RALPH LAUREN CORPORATION (United States), CAPRI HOLDINGS (United Kingdom), GRANDVISION (Netherlands), FIELMANN (Germany), Titan Company (India), LENSKART (India) and SUN HING VISION GROUP HOLDINGS (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Persol (United States), Ray ban (Italy) and Fastrack (India).
Segmentation Overview
AMA Research has segmented the market of Global Eyewear market by Type (Prescription Eyewear, Lensless Glasses, Sunglasses and Contact Lenses), Application (Childhood (0-6), Juvenile (7-17), Youth (18-40), Middle Aged (41-65) and Elderly >66)) and Region.
On the basis of geography, the market of Eyewear 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 Lens Material, the sub-segment i.e. Composite will boost the Eyewear 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 Eyewear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Style, the sub-segment i.e. Round will boost the Eyewear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Eyewear Frame Material, the sub-segment i.e. Composite will boost the Eyewear 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:
Growth in Number of Aging People Worldwide and Rising Disposable Income in Emerging Countries
Challenges:
The Fluctuation of Raw Materials is anticipated to Challenge the Market
Restraints:
Availability of Low-Quality Products in Cheaper Rates
Opportunities:
Rising Demand for Innovative Eyewear for Better Vision and Higher Aesthetic Appeal and Growth of Advanced Technologies for Manufacturing Sunglasses
Market Leaders and their expansionary development strategies
In September 2023, Persol x Ferrari: Celebrating their shared Italian heritage, Persol and Ferrari 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 Targeting fashionistas, Gucci made a bold statement with their oversized and playful frames in the GG0048 collection. Vibrant colors and playful patterns were the hallmarks of this line.
Key Target Audience
Eyewear 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.