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Eyewear Market Trends 2019 – Competitive Analysis by Demand Status, Valuable Insights of Business, Product Scope, Driving Factors Forecast to 2024

Eyewear

The “Eyewear Market” report 2019 provides information for market players, stakeholders, investors, and business strategists to achieve a leading position the market. It maintains the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the global Eyewear market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. The impact of prevailing regulatory scenario on both regional and worldwide Eyewear market is provided in detail in the report.

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Eyewear Market Covers Key Players:

  • Fielmann AG
  • Safilo Group SpA
  • Luxottica Group SpA
  • Essilor International S.A.
  • The Cooper Companies Inc.
  • De Rigo Vision S.p.A.
  • Carl Zeiss AG
  • Charmant Group

    Market Overview:

  • The eyewear market is forecasted to reach USD 182.84 million by 2024, registering at a CAGR of 5.1% during the forecast period (2019 – 2024). The proactive approach of consumers is providing opportunities for eyewear manufacturers and retailers to expand their consumer base. A major roadblock in the sustainable growth of the eyewear industry is the stark divide in the access of advanced, affordable, and effective eye care solutions, especially in the marginalized economies. E-retailing and online advertising are gaining huge popularity across the world as the key players are aggressively implementing their online marketing and promotional activities. Online marketing and promotion does not only provide customers with easy access but also helps vendors reduce operational costs. This factor is likely to boost the sales of eyewear through online platform in the upcoming years.

    Report Highlights:

    • The report provides a detailed analysis on current and future market trends to identify the investment opportunities
    • Market forecasts till 2024, using estimated market values as the base numbers
    • Key market trends across the business segments, Regions and Countries
    • Key developments and strategies observed in the market
    • Market Dynamics such as Drivers, Restraints, Opportunities and other trends
    • In-depth company profiles of key players and upcoming prominent players
    • Growth prospects among the emerging nations through 2024
    • Eyewear Market opportunities and recommendations for new investments

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    Scope of the Report:

  • The eyewear market includes products, such as spectacles, sunglasses, contact lenses, and other protective eyewear that comprises of different lens materials. Also, the scope of the study includes specific to end user men, women, and unisex eyewear and by sales channel as online and offline retail stores.

    Key Market Trends:

    Demands from the Geriatric Population and Rise in the Number of Optical Deficiencies

    The eyewear industry is propelled by the growing demands for corrective and prescription-based spectacles, especially from the geriatric population – several clinical studies found a strong linkage between ageing and increased risk of developing certain eye diseases leading to low vision. Visual impairment disproportionately affects the elderly. With advancing age, the normal function of eye tissues decrease and there is an increased incidence of ocular pathology. The high prevalence rate of diseases, such as diabetes and hypertension, owing to the lifestyle conditions are further known to aggravate the rates of blindness and visual impairment. The accelerating degradation of eyes is boosting the market sentiments of the eyewear products.

    Asia-Pacific is Likely to Experience the Highest Growth Rate

    A paradigm shift has been observed in the Asia-Pacific region where the consumer perception for eyewear is changing from function to fashion. Attributed to the growing economy and increasing purchasing power, the consumers in the region are buying eyewear as a fashion statement as well. By country, China emerges as the world’s leading manufacturer of spectacles along with the largest potential consumer base. They also have the highest population rate with myopia, which suggests a huge potential for the spectacles market. Some of the major players in the market are Luxottica, Johnson and Johnson, Hoya Corp, and others who are competing on the basis of the number of in-house and licensed brands, price range, product variants of each brand, type of glasses, and other parameters.

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    Detailed TOC of Eyewear Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY
    3.1 Market Overview

    4 MARKET DYNAMICS
    4.1 Market Drivers
    4.2 Market Restraints
    4.3 Porter’s Five Forces Analysis
    4.3.1 Threat of New Entrants
    4.3.2 Bargaining Power of Buyers/Consumers
    4.3.3 Bargaining Power of Suppliers
    4.3.4 Threat of Substitute Products
    4.3.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product Type
    5.1.1 Sunglasses and Frames
    5.1.2 Contact Lenses
    5.1.3 Corrective Glasses
    5.2 By End User
    5.2.1 Men
    5.2.2 Women
    5.2.3 Unisex
    5.3 By Distribution Channel
    5.3.1 Offline Channel
    5.3.2 Online Channel
    5.4 Geography
    5.4.1 North America
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.1.4 Rest of North America
    5.4.2 Europe
    5.4.2.1 Spain
    5.4.2.2 United Kingdom
    5.4.2.3 Germany
    5.4.2.4 France
    5.4.2.5 Italy
    5.4.2.6 Russia
    5.4.2.7 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 Rest of Asia-Pacific
    5.4.4 South America
    5.4.4.1 Brazil
    5.4.4.2 Argentina
    5.4.4.3 Rest of South America
    5.4.5 Middle East & Africa
    5.4.5.1 South Africa
    5.4.5.2 Saudi Arabia
    5.4.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Market Share Analysis
    6.2 Most Active Companies
    6.3 Most Adopted Strategy
    6.4 Company Profiles
    6.4.1 Fielmann AG
    6.4.2 Safilo Group SpA
    6.4.3 Luxottica Group SpA
    6.4.4 Essilor International S.A.
    6.4.5 The Cooper Companies Inc.
    6.4.6 De Rigo Vision S.p.A.
    6.4.7 Carl Zeiss AG
    6.4.8 Charmant Group

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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