Opportunities in the Global Eyewear Market: A $111.12 Billion Market by 2026 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Eyewear Market, By Product Type (Sunglasses Spectacles, Contact Lenses, Sport Eyewear, and Others (Safety Eyewear & Protection Eyewear)), By End User (Women, Men, and Unisex), By Distribution Channel, By Region Competition, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.

The global eyewear market is expected to reach USD111.12 billion by 2026F, growing at CAGR of 5.83% during the forecast period.

The global eyewear market is being driven by rising population, economic development, and consumer purchasing power. The market has been growing as diseases such as cataracts, myopia, and hyper myopia are becoming more common, and eye specialists prescribe spectacles after diagnoses to provide clear vision. As adults and children spend more time on digital screens, eyewear has become a daily requirement.

The global eyewear market is segmented into product type, end user, distribution channel, region and company. In terms of product type, the global eyewear market is further segmented into sunglasses, spectacles, contact lenses, sports eyewear, and others (safety and protection eyewear). Among these, sunglasses have accounted for the majority of market share in the global eyewear market which was around 42% in 2020 and is expected to continue its dominance during the forecast period as sunglasses are fashionable and protect the eyes from sun damage and conjunctivitis. People have different pairs of sunglasses for various occasions. Contact lenses are the fastest-growing product type segment as they provide a natural field of view, have no frames to obstruct vision, and greatly reduce distortions. Also, unlike glasses, they do not fog up or cause glare.

In terms of distribution channel, the global eyewear market can be segmented into specialty stores, supermarkets/hypermarkets, multi-brand stores, online channels, and others (counter shops, make-up & beauty stores, etc.). Among these, specialty stores have accounted for the majority of the share in the global eyewear market in 2020 and will continue to dominate the market throughout the forecast period. Nowadays, Online sales have expanded significantly as more consumers have shifted to e-commerce for better prices and discounts, convenience, and a wider product selection, including private label by big e-tailers.

The major players operating in the global eyewear market are EssilorLuxottica, Johnson & Johnson Services, Inc., The Cooper Companies Inc., Alcon Vision LLC, Fielmann AG, Bausch Health Companies Inc., Carl Zeiss Meditec AG, Safilo Group S.p.A, De Rigo Vision S.p.A and others.

To remain competitive in the market, eyewear companies are focusing on developing unique marketing strategies and using updated technology to enrich customer experience and to remain competitive in the global eyewear market. They are differentiating their product and are communicating their unique selling proposition through different mediums to the consumers. They are also positioning their brand in such a way to create trust among consumers.

Objective of the Study:

• To analyze and estimate the market size of the global eyewear market from 2016 to 2020.
• To estimate and forecast the market size of the global eyewear market from 2021 to 2026 and growth rate until 2026F.
• To classify and forecast the global eyewear market based on the product type, end user, distribution channel, region and company.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global eyewear market.
• To identify the dominant region or segment in the global eyewear market.
• To identify drivers and challenges for the global eyewear market.
• To identify and analyze the profile of leading players operating in the global eyewear market.
• To identify key sustainable strategies adopted by market players in the global eyewear market.

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Eyewear Market

4. Executive Summary

5. Voice of Customer

6. Global Eyewear Market Outlook

7. North America Eyewear Market Outlook

8. Asia-Pacific Eyewear Market Outlook

9. Europe Eyewear Market Outlook

10. South America Eyewear Market Outlook

11. Middle East and Africa Eyewear Market Outlook

12. Market Dynamics

13. Market Trends & Developments

14. Competitive Landscape

• EssilorLuxottica SA
• Bausch Health Companies Inc.
• Johnson & Johnson Services Inc.
• The Cooper Companies Inc
• Alcon Vision LLC
• Feilmann AG
• Carl Zeiss Meditec AG
• Safilo Group S.p.A
• De Rigo Vision S.p.A.

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

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