DUBLIN--(BUSINESS WIRE)--The "Eyewear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global eyewear market was valued at US$ 109 Billion in 2017. Looking forward, the market projected to exceed a value of US$ 167 Billion by 2023, growing at a CAGR of 7.4% during 2018-2023.
The rising standard of living and exposure to electronic gadgets are expected to boost the demand for spectacles and contact lenses, thereby driving the eyewear market growth. Increasing awareness regarding the significance of appropriate eye protection is further expected to stimulate the sales of these products. Additionally, the growing consumer preferences for luxury and premium products will encourage the manufacturers to invest in the development and marketing of technologically advanced eyewear, leading to higher profit margins for them.
The report has segmented the market on the basis of product type, including spectacles, sunglasses and contact lenses. Amongst these, spectacles account for the majority of the market share.
The market further has been analyzed on the basis of gender, wherein men represent the major consumers.
The market has also been assessed on the basis of distribution channels, covering optical stores, independent brand showrooms, online stores and retail stores.
Region-wise, Europe represents the largest market followed by North America and Asia Pacific. Other major regions include Middle East and Africa, and Latin America.
The leading players in the global eyewear market include Luxottica, Essilor, Johnson & Johnson Vision Care, Safilo and Alcon.
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Eyewear Market
6 Market Breakup by Product
7 Market Breakup by Gender
8 Market Breakup by Distribution Channel
9 Market Breakup by Region
10 Eyewear Manufacturing Process
11 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/lvw69x/global_167?w=4