Global eyewear industry growth is highly fragmented owing to the presence of a large number of regional and multinationals players. However, the spectacles lenses, contact lenses, and Plano sunglasses industry share is dominated by a few multinational corporations. The key players include
The foremost strategies observed among the industry participants include new product launches, merger & acquisitions, collaborations, production capacity expansions, and product innovations. For instance, in October 2018, Essilor, the leading spectacle lenses manufacturer merged with Luxxotica, a major player in the sunglasses market to gain competitive edge and enhance their geographic presence.