Global Eyeglasses Market Report 2021-2027 - Celebrity On-Screen, Off-Screen Endorsements Drive Acceptance

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Jul 16, 2021, 10:30 ET

DUBLIN, July 16, 2021 /PRNewswire/ -- The "Eyeglasses - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Eyeglasses Market to Reach $197.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Eyeglasses estimated at US$139.9 Billion in the year 2020, is projected to reach a revised size of US$197.2 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027.

Lenses, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$76.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Frames segment is readjusted to a revised 5.8% CAGR for the next 7-year period.

Sunglasses Segment to Record 4.5% CAGR

In the global Sunglasses segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$31.6 Billion in the year 2020 will reach a projected size of US$41.9 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$28.4 Billion by the year 2027, while Latin America will expand at a 5% CAGR through the analysis period.

The U.S. Market is Estimated at $39.4 Billion, While China is Forecast to Grow at 7.2% CAGR

The Eyeglasses market in the U.S. is estimated at US$39.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$21.8 Billion by the year 2027 trailing a CAGR of 7.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Eyewear Market Amid the COVID-19 Pandemic
COVID-19 Unleashes New Technology Era for Eye Care Industry
Heightened Focus on Safety & Hygiene Presents Lucrative Avenues for Eyewear Brands
COVID-19 to Galvanize Transition from Contact Lenses toward Eyeglasses
Online Sales of Eyewear Products Surge Amidst the COVID-19 Pandemic
Eyewear Retailers Bet on Virtual Try-Ons
DTC Glasses & Contacts Brands Tap Work-from-Home Trend amid COVID-19 for Enviable Gains
Eyeglasses: An Introduction
Product Overview
Lenses
Frames
Sunglasses
Eye Health Awareness: A Critical Factor to Growth
Outlook
Prevalence of Visual Impairments Fuels Demand for Eyeglasses
Vision Facts, Figures and Opportunities
Analysis by Geographic Region
Analysis by Product Segment
Eyeglasses Continue to Face Strong Competition from Contact Lenses
Competitive Landscape
Recent Market Activity

2. FOCUS ON SELECT PLAYERS(Total 488 Featured)

Carl Zeiss AG
De Rigo S.p.A.
Essilor International S.A.
Hoya Corporation
Indo Optical S.L.U.
Luxottica Group S.p.A.
Oakley Inc.
Rodenstock GmbH
Safilo Group S.p.A.
TEK Optical Canada

3. MARKET TRENDS & DRIVERS

Popular Eyewear Trends for 2020
Rise in Myopia Rate to Benefit Demand for Eyeglasses
Increased Screen Usage Among Children and Growing Risk of Myopia to Drive Gains for Eyewear Market
Rise in Presbyopes Drives Demand for Progressive Eye Glasses
Increase in Digital Time Peaks the Demand for Protective Clear Glasses
3D Printing Brings in Personalization of Eyeglasses
Advancements in Frame and Lens Technologies to Aid in Betterment of Healthcare Provision
Innovations in Reading Glasses
Smart Glasses: An Undeniable Win Over Other Hands Free Technologies
Select Recent Smart Glass Introductions/Innovations
HD Glasses Designed for a Sharper Vision
Designer Eyewear: A Hit with the Hip Crowd
Celebrity On-Screen, Off-Screen Endorsements Drive Acceptance of Fashionable Eyewear
Innovation: Name of the Game for Industry Players
Online Exams for Vision: A New Route to Widen Reach
Sports Eyewear Market: Growing Need to Protect Vision of Sportspersons to Fuel Demand
Sunglasses Segment Continues to Add "Volume" for Eyeglasses Market
Innovative Designs and Innovations to Boost Sunglasses Market
Changing Lifestyle Drives Market for Sunglasses
Eye Protection Needs Fuel Demand for Plano Sunglasses
Popular-Priced Sunglasses Score Over Premium Category
Growing Popularity of Replica Sunglasses
Travel-Retail Sales of Sunglasses Continue to Grow
Customized Corrective Lenses Grow In Popularity
Premium Lens Market: On the Rise
Progressive Lenses Gain in Popularity
Demand for Lightweight Frames on the Rise
Manufacturers Unfurl Exciting and Contemporary Frames & Lenses for Seniors
Growing Consumer Preference for Refractive Surgical Procedures Looms Ominously Over the Eyewear Market
Distribution Dynamics
Online Retail Growth and Digitization Trends in Eyewear industry
Accelerating Prescription Renewal, Promoting Multiple Pair Purchase Vital for Stimulating Sales Growth
Upgrades and Multiple Purchases Fuel Growth in Developed Markets
Premiumization Trend and Affordable Luxury Aid Market Growth
MACRO GROWTH DRIVERS
Favorable Demographic Trends Indicate Strong Market Potential
Aging Population to Drive Demand for Vision Corrective Eyewear
Expanding Middle Class Population in Developing Countries Accelerate Growth Prospects
Generation Z: An Important Demographic for Market Growth

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES

Market Overview
US Eye-Care Market: Key Vision Statistics
Noteworthy Trends & Growth Drivers
Need for Replacements Augurs Well
Bifocals: Edged Aside by Progressive Lenses
New Raw Materials Challenge Polycarbonate in Lens Manufacture
Frames with More Details and Eco-friendly Materials Stay in Trend
Higher Health Awareness Levels Drive Sunglass Sales
Aging Population: A Significant Market Opportunity
Brick and Mortar Stores and Online Retailers Battle for Market Share
Sunglass Market
Consumer Profile
Polarized Lenses and Premium Products Drive Sunglass Sales
Evolving Market Segments Augur Well for Sunglasses Market
Competitive Landscape
Retail Landscape
US Eyeglass Brands
Market Analytics

CANADA

Sunglasses: A Preferred Fashion Accessory among Canadians

JAPAN

CHINA

Market Overview
Fashionable Eyeglasses Make a Mark
Competitive Scenario
Production Scenario
Challenges Facing Chinese Eyewear Industry
Eyeglass Brands in China

EUROPE

Competitive Landscape
Asia: Major Source for Frames and Glasses

FRANCE

GERMANY

ITALY

UNITED KINGDOM

Market Overview
Competition Landscape & Distribution Dynamics
Eyeglass Brands in the UK
Market Analytics

SPAIN

RUSSIA

REST OF EUROPE

Overview of Select Regional Markets

ASIA-PACIFIC

Market Overview
Competitive Landscape

AUSTRALIA

Market Overview
Eyewear Brands in Australia

INDIA

COVID-19 Impact on Indian Eyewear Market
Sales of Filtered and Clear Glasses Surge Amidst COVID-19 Pandemic
Needs-Based Purchases Drive Eyewear Market
Market Transitions from Utilitarian to High-Quality, Fashionable Eyewear
Fashion Consciousness Drives Sales in Sunglasses Market
Designer Label Sunglasses Make Gains
Young Demography Spurs Growth for Sunglasses
Imports Account for Major Share of Optical Products
Competitive Landscape
Eyeglass Brands in India
Market Analytics

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 488

For more information about this report visit https://www.researchandmarkets.com/r/hmsoz8

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