The global eyewear market is driven by the high prevalence of eyesight disorders and increase in demand for discretionary eyewear. Approximately 75% of the population in APAC and 35% in Europe have some form of myopia or hyperopia. Changing dietary habits and increased amounts of time spent playing video games, watching television, and in front of computers at work can affect eyesight. In developed markets such as the US, Germany, the UK, France, Italy, Spain, and Japan, the consumption of discretionary items is increasing because of the availability of a wide variety of styles, colors, and features in products, and the influence of celebrity styles.
Based on the product offerings of the major global eyewear retail players, the products in the market can be categorized into three: eyeglasses, sunglasses, and contact lenses. Eyeglasses can be categorized into the following sub-segments: frames and lenses.
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Technavio's analysts forecast the global eyewear market to grow at a CAGR of 7.18% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global eyewear market for 2016-2020. To calculate the market size, the report considers revenue generated from the retail sales of the following eyewear products:
* Eyeglasses
* Sunglasses
* Contact lenses
The market is divided into the following segments based on geography:
* APAC
* Europe
* North America
* ROW
Technavio's report, Global Eyewear Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
* Alcon
* Essilor
* Johnson & Johnson Vision Care
* Luxottica
* Safilo
Other prominent vendors
* Alexander McQueen
* Charmant
* CIBA Vision
* CooperVision
* De Rigo Vision
* Fielmann
* Lanvin
* Marchon Eyewear
* Marcolin Eyewear
* Maui Jim
* Michael Kors
* Pivothead
* Prada
* Revo
* Specsavers Optical
* Tag Heuer
* Vision Express
* Walmart
Market driver
* High prevalence of eyesight disorders
* For a full, detailed list, view our report
Market challenge
* Rise in adoption of refractive eye surgery
* For a full, detailed list, view our report
Market trend
* Eyewear as fashion products
* For a full, detailed list, view our report
Key questions answered in this report
* What will the market size be in 2020 and what will the growth rate be?
* What are the key market trends?
* What is driving this market?
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Global Eyewear Market 2016-2020 - New Report Available
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Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001