Eyewear Market

“Global Eyewear Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global eyewear market. Eyewear consists of spectacles, sunglasses, and contact lenses that help correct the vision and protect the eyes from several external factors, such as debris, light, harmful radiation, and environmental changes. The frames and lenses are primarily made using plastic, carbon fiber, and glass that are durable, flexible, and affordable. Eyewear helps improve visual activity and prevent ultraviolet rays (UV) from damaging the lens and retina. It is also used to reduce the strain and minimize the risk of eyesight-related problems, such as hypermetropia, myopia, and presbyopia.

Eyewear consists of two main components, namely frames and lenses. Amongst these, frames serve the main function of holding the lenses in place and staying uptight on the wearer’s head. The eyewear manufacturing process involves die-cutting, molding, riveting, curving,  and polishing the material into the desired shape and design of the frame. On the other hand, lenses require both human interaction and machinery to ensure quality and precision.

The eyewear market is primarily driven by the increasing prevalence of ocular diseases due to the surging use of digital devices. Similarly, the increasing cases of computer vision syndrome (CVS), dry eyes, and eye irritation among the working professionals is bolstering the market growth. In line with this, the rising geriatric population that is more prone to developing chronic eye-related diseases and the increasing occurrences of hypermetropia and myopia among children are further facilitating the need for vision-correcting products, thus supporting the market growth. Moreover, the changing consumer lifestyles and increasing per capita income have surged the demand for premium quality eyewear accessories, which is acting as another growth-inducing factor. Besides this, the introduction of novel product variants, such as anti-glare, anti-fatigue, multifocal, and light-adaptive lenses with enhanced comfort and visibility, is propelling the market growth. Other factors, such as extensive research and development (R&D) activities, easy product availability in various shapes and sizes, and increasing customization, are creating a positive outlook for the market.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the eyewear market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the eyewear market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the eyewear market in detail for the latest trends, outlook and opportunities.

The report analyses the competitive structure of the eyewear Industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the eyewear Industry along the parameters of Porter’s Five Forces model. This model examines the degree of competition in the eyewear Industry by analysing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities and threats pertaining to the eyewear Industry. Furthermore, the value chain analysis of the eyewear Industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
    
Key Segments and Highlights of the Global Eyewear Market 

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis
• Market Breakup by Type
• Market Breakup by End-Use
• Market Breakup by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• Key players         

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the eyewear Industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.