This Eyewear market report serves business purposes and endows you with the best market research and analysis performed with the advanced tools and techniques. This market research report classifies the market by companies, geographical region, type, component, application and end-use industry. Under competitive analysis section, major key players existing in the market are mentioned along with various details such as company profiles, their market share analysis, and their different strategies which make them thrive in the market. This Eyewear market research report also identifies and analyses the emerging trends along with major driving factors, challenges and opportunities in the market.
Eyewear market report is an analytical estimation of the key challenges in terms of sales, export/import, or revenue that an organization may have to face in the coming years. The report uses an excellent research methodology which focuses on market share analysis and key trend analysis. For competitive analysis, it considers various strategies of the major players in the market such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others which leads to a rise of their footprints in the market. This Eyewear market research report is sure to help in growing sales with new thinking, new skills, and innovative programs and tools
Global Eyewear Market is expected to rise from its initial estimated value of USD 135.07 billion in 2018 to an estimated value of USD 197.59 billion by 2026, registering a CAGR of 4.87% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase levels of purchasing power which has been caused by the rise in disposable income of individuals.
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Key Competitors: Global Eyewear Market
Johnson & Johnson Vision, ZEISS Group, uvex group, Essilor, Alcon, Safilo, Bausch + Lomb, De Rigo, Marchon Eyewear, Marcolin, The Cooper Companies, Hoya, Silhouette International, Fielmann AG, CHARMANT Group, Seiko Optical Products, Inc., QSpex and others
Key Developments in the Market: Global Eyewear Market
In October 2018, Essilor and Luxottica Group SpA announced they had completed an USD 48 billion merger, combining two of the world’s foremost optical specialists. The newly formed merged company will be able to provide frames and optical lenses all under a single brand name with enhanced service and product capabilities offerings.
In August 2017, HOYA Corporation announced that they had completed the acquisition of Performance Optics, LLC along with its two subsidiaries “VISION EASE” and “Daemyung Optical”. This acquisition will expand the product offerings of HOYA Vision Care and also provide a larger geographical reach to the business division.
Segmentation: Global Eyewear Market
By Distribution Channel
Independent Brand Showrooms
Middle East & Africa
Market Drivers: Global Eyewear Market
Growing awareness programs and increased funding from private and government sources to provide information regarding the technologies and treatment options for eyesight available in the market
Increasing prevalence of eye-related disorders and computer vision syndrome (CVS) which has been caused due to prolonged usage of electronic devices resulting in higher eye strain; this factor is expected to drive the growth of the market
Market Restraints: Global Eyewear Market
Increasing prevalence and adoption of corrective surgeries which result in lack of need for corrective spectacles is expected to restrain the growth of the market
Presence of a significant difference between the cheap products and the high-end products; this factor is expected to restrain the growth of the market
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Table of Contents: Global Eyewear Market
Scope/opportunities of the Report
Porter’s Five Forces Analysis
Business Decision Framework
Drivers And Challenges
Market Key Trends
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Competitive Analysis: Global Eyewear Market
Global eyewear market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of eyewear market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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