Global Eyewear Market 2017-2021 - Latest Trends, Drivers & Challenges

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Sep 15, 2017, 10:30 ET

DUBLIN, September 15, 2017 /PRNewswire/ --

The "Global Eyewear Market 2017-2021" report has been added to Research and Markets' offering.

The global eyewear market to grow at a CAGR of 7.49% during the period 2017-2021.

Global Eyewear Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is Utility of eyewear as fashion product. Eyewear manufacturers and designers are increasingly focusing on the development of eyeglasses and sunglasses in new styles, shape, sizes, colors, and structural orientation. With the continuous improvisation of product development and product innovation, consumers have options to choose products depending on the occasion, such as office wear, casual wear, party wear, and beachwear. Prescription sunglasses have gained immense popularity over a period, with many consumers maintaining two pairs of glasses for daily use, one pair of regular prescription eyeglasses, and another as prescription sunglasses.

According to the report, one of the major drivers for this market is Product innovation and differentiation through functional and technological advances. Functional and technological advances by the leading marketers have increased the growth of the market in terms of value. Product innovation, the result of continuous R&D in the industry, helps companies to expand their product portfolio. To introduce multiple categories in terms of functionality and style of eyewear that suit specific functions and requirements, vendors are investing heavily in research projects. At present, lenses are being developed with improved optical designs, materials, and enhanced coatings to offer better comfort.

Further, the report states that one of the major factors hindering the growth of this market is The presence of counterfeit products. The counterfeiting of eyewear and contact lens solutions is a global challenge, with the eyewear market being equally affected. Sunglasses and contact lenses are products, which are mostly affected by fake products. China is the largest economy that produces counterfeit eyewear. Counterfeiting of design, style, and brands of eyewear is expected to experience a surge in the market in the coming decade.

Key vendors

Essilior
Johnson & Johnson Vision Care
Novartis
Safilo Group

Other prominent vendors

Alexander McQueen Trading Limited
Charmant Group
CIBA VISION
CooperVision
De Rigo Vision
Fielmann
Lanvin
Marchon Eyewear
Marcolin
Maui Jim
Pivothead
Specsavers Optical
TAG Heuer
Reliance Vision Express
Walmart Stores

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Product

Part 07: Geographical Segmentation

Part 08: Key Leading Countries

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Key Vendor Analysis

Part 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/frrd52/global_eyewear

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SOURCE Research and Markets