Home > Consumer Goods & Services > Personal Care > Eyewear > Eyewear Market

Eyewear Market Analysis

  • Report ID: GMI119
  • Published Date: Jun 2019
  • Report Format: PDF

Eyewear Market Analysis

Spectacles dominated the global eyewear market share, accounting at over 55% of the global volume demand in 2018 owing to the introduction of innovative designs supported by growth in online distribution segment. Further, transformation in the spectacle lenses technology including development of lenses with resistance to fog, smudge, scratch and UV rays will generate new growth opportunities./p>

 

Plano sunglasses is anticipated to witness significant gains at over 6.5% annually up to 2025. Factors such as rapid urbanization, economic growth, expansion in the distribution network, increasing influence social media, innovations in design and lens of sunglasses will foster the eyewear market segment. Strong investments in online marketing & advertising are also among the primary drivers for business expansion. Further, celebrity endorsements are among the key branding strategies adopted by the key manufacturers. Shifting preferences toward multipurpose sunglasses, need for anti-glare and ultraviolet radiation, and changing consumer lifestyles will drive the plano sunglasses industry expansion./p>

 

Metal-based eyewear is expected to surpass USD 52 billion by 2025. Product availability in varied metallic material options such as titanium, nickel, stainless steel, and beryllium offers flexibility in design and contributes to achieving the required characteristics. Key features such as slimness along with lightweight properties, premium designer look, superior product finishing and better aesthetic appearance with enhanced durability is fueling the eyewear market growth.  Monel is the most widely used metal in the spectacle frames production, accounting for over 20% share in 2018./p>

 

UK Eyewear Market Statistics

To understand key trends  
Download Free Sample
 

Optical stores accounted at over 23% of the global eyewear market share in 2018. Shifting consumer preference towards after-sales service is among the key aspects driving the product sales through the segment. In addition, the optical stores provide product variety ranging from economical brands to premium products, thus influencing the consumer buying decision. Many optical stores provide free or low-cost check-ups from trained optometrists. Henceforth, these stores are expected to be the most preferred distribution channel by customers to procure eyeglasses as they can receive a wide range of services including eye examinations and consultation services.
 

Online stores are projected to witness around 6% CAGR up to 2025. Shifting preference towards online shopping owing to busier lifestyles is propelling the eyewear market share. Technological advancements in the industry such as the launch of visualization tools to try on products online are driving the product sales through online stores. Online websites offer convenience and are working on reducing the delivery time which is anticipated to propel the industry landscape. Also, these stores offer products at low prices and promote their products through the digital network by offering large discounts.
 

Asia Pacific Eyewear Market By Region

To understand key market trends  
Download Free Sample
 

North America accounted for more than 37% revenue share in 2018. High disposable incomes accompanied by the existence of leading brands in the region are among the key factors augmenting the eyewear market sales. Inclination towards for premium eyewear products is high among the consumers. Leading manufacturers in the region offer designer frames and high-end glasses. Further, prolonged usage of gadgets along with hectic lifestyle is the major driving factor propelling product penetration.
 

Asia Pacific is the fastest growing region observing over 5.5% CAGR from 2019 to 2025. Increase in preference for branded products along with product availability at lower costs is fueling the business development. Growing youth population and improved standard of living will boost demand for fashionable eyewear products. Also, countries such as China and India observe an increasing count of people suffering from eye defects such as myopia and hypermetropia. Product innovation in designs, as well as improved optical solutions, will boost the eyewear market segmentation over the projected timeline.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The eyewear market share is expected to expand at a CAGR of 5% between 2019 and 2025.

Plano sunglasses will record considerable gains at a rate of more than 6.5% through 2025 driven by economic growth, rapid urbanization, surging influence of social media, expansion in the distribution network, and innovations in the design & lens of sunglasses.

Metal-based eyewear is anticipated to register USD 52 billion through 2025 owing to the availability of the product in numerous metallic material alternatives such as nickel, titanium, stainless steel, and beryllium.

The eyewear market size from online stores is expected to depict a CAGR of 6% between 2019 and 2025 on account of shifting preference towards online shopping due to busier lifestyles.

Eyewear Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2018
  • Companies covered: 24
  • Tables & Figures: 1668
  • Countries covered: 31
  • Pages: 930
 Download Free Sample