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© 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Eyewear Market Size, Share and Forecast 2016-2022.

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Presentation on theme: "© 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Eyewear Market Size, Share and Forecast 2016-2022."— Presentation transcript:

1 © 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Eyewear Market Size, Share and Forecast 2016-2022

2 © 2016 Global Market Insights. All Rights Reserved www.gminsigts.com  Eyewear market size is projected to reach USD 165 billion by 2022, as per a new research report by Global Market Insights, Inc. Growing visual inaccuracies coupled with increased awareness regarding vision correction is expected to provide a fillip to eyewear market growth.  While spectacles remain the dominant mode of correction, contact lenses are expected to witness growth on account of benefits such as aesthetic appeal and growing availability of modalities.  Increased corrective surgeries and prescription contact lenses demand is expected to favorably impact plano sunglasses market growth. Spectacle lenses shipments and revenue is estimated to benefit from replacement demand as well as growing global preference for high quality lenses. Rising incidences of ophthalmic disorders as well as aging population are also considerable factors fueling eyewear market size. Global Market Scenario of Eyewear Industry

3 © 2016 Global Market Insights. All Rights Reserved www.gminsigts.com  High-end sunglasses are expected to be the key revenue contributor to the non-corrective segment, since these products retail at high prices. The plano sunglasses ecosystem is characterized with high focus on establishing a profitable distribution channel, with industry giant Luxottica practicing vertical integration along its supply chain.  Eyewear market size is projected to exceed USD 165 billion by 2022, growing at a CAGR of 7% from 2015 to 2022. Rising population accompanied by increasing visual deficiencies such as hypermetropia/hyperopia, myopia, astigmatism and presbyopia is anticipated to drive the industry growth over the forecast period. Continue..... Latest Research Report On Eyewear Market @ https://www.gminsights.com/industry-analysis/eyewear-market

4 © 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Request for customization: https://www.gminsights.com/roc/119

5 © 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Product Analysis:- The eyewear market can be segregated into plano sunglasses, spectacles, and contact lenses. Spectacles are further segregated into spectacle frames and spectacle lenses. This segment accumulated more than 75% of the overall revenue in 2014. Plano sunglasses market is further segmented on the basis of product and material. Based on material it can be differentiated into CR-39, polycarbonate and polyurethane. On the basis of product it can be segmented into non-polarized and polarized sunglasses. The spur in the sector can be dedicated to rising consumer preference and escalating acceptance of corrective surgery. Contact lenses market is further divided on the basis of product into RGP lenses, soft lenses and hybrid lenses. Driven by demand for cosmetic and daily disposable lenses, the contact lens market accounted for over 30% of the overall shipments in 2014. Proliferating usage of these products in order to improve aesthetic appearance justifies the rising industry demand. Regional Analysis:- 360° Analysis Download Latest Report PDF @ https://www.gminsights.com/request-sample/detail/119 https://www.gminsights.com/request-sample/detail/119

6 © 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Regional Analysis: North America eyewear market share accounted for over 30% of the volume and revenue share. The spur can be attributed to rising demand for plan sunglasses along with increasing consciousness regarding eye examination across the region. Asia Pacific eyewear market size was over 20% in 2014, in terms of revenue. Rapidly increasing wearer base is likely to drive consumption over the forecast period. Europe eyewear market size amounted to over 35% of the global revenue in 2014, primarily due to high average selling prices and the presence of key participants in the region. Latin America, driven by Brazil eyewear market share is expected to witness steady gains over the next seven years. Competitive Analysis: Key industry participants include Bausch & Lomb, Carl Zeiss, Charmant Group, Chemilens, CIBA Vision Inc. (Alcon), CooperVision, Daemyung, Essilor International, Fielmann, Hoya, Johnson & Johnson Vision Care, Rodenstock, Seiko, etc. Plano sunglasses market share is dominated by Luxottica Group, Safilo Group, Marchon Eyewear, Marcolin Eyewear, and De Rigo SpA. Significant knowledge regarding consumer preferences coupled with high degree of branding and product development has led to high entry barriers to the eyewear industry. Product cost and quality are expected to remain the key buying criteria for these products over the forecast period.

7 © 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Latest Research Report On Eyewear Market @ https://www.gminsights.com/industry-analysis/eyewear-market Download Latest Report PDF @ https://www.gminsights.com/request-sample/detail/119 https://www.gminsights.com/request-sample/detail/119 Request for customization: https://www.gminsights.com/roc/119

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