According to a new market report by Lucintel, the future of the eyewear market looks promising with opportunities in the online and offline retail industries. The global eyewear market is expected to reach an estimated $129.8 billion by 2026 with a CAGR of 3.1% from 2021 to 2026. The major drivers for this market are upsurge in demand for prescription spectacles and contact lenses due to increases in vision impairments, growing geriatric population, and rising exposure of younger generation to smartphones and computer leads to problems with eyesight.
To download report brochure, please go to https://www.lucintel.com/eyewear-market.aspx and click "download brochure" tab from the menu.
In this market, spectacles, contact lenses, and sunglasses are used for vision correction or protection of eyes from harmful UV lights and dust particles. spectacles will remain the largest segment over the forecast period due to growing population suffering from vision problems, increasing awareness regarding eye healthcare, and growing number of users of smartphones and computers. Lucintel predicts that the sunglasses segment is expected to witness the highest growth during the forecast period due to changing fashion trends and increasing awareness regarding harmful effects of UV rays on the eyes.
Within the global eyewear market, offline will remain the largest distribution channel over the forecast period the forecast period due to increasing consumer preference towards after sales services and ease to make a choice of eyewear products.
APAC will remain the largest region and it is also expected to witness the highest growth over the forecast period due to growing awareness about eye healthcare, increase in population of vision deteriorates with ageing, and rising disposable incomes further accelerating the eyewear market growth in this region.
EssilorLuxottica, Carl Zeiss, Johnson & Johnson, BAUSCH and LOMB, Marchon, Fielmann, Alcon Vision, Hoya, and Safilo are among the major manufacturers of eyewear.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the eyewear market by product type, distribution channel, gender, material, and region. Lucintel has prepared a comprehensive research report titled "Eyewear Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the eyewear market by product type, distribution channel, gender, and region as follows:
By Product Type [Value ($M) and Volume (Million Units) from 2015 to 2026]:
Spectacles
Contact Lenses
Sunglasses
By Distribution Channel [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:
Offline Channels
Online Channels
By Gender [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:
By Region [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:
North America
US
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
APAC
China
Japan
India
ROW
Brazil
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/eyewear-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.