Global Eyewear Market Report 2022-2027: Increased Screen Use Among Children and Rising Risk of Myopia to Drive Growth – ResearchAndMarkets.com


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The global eyewear market will reach $197.2 billion by 2027

Amid the COVID-19 crisis, the global eyewear market estimated at US$139.9 billion in 2020 is expected to reach a revised size of US$197.2 billion by 2027, growing at a CAGR by 5% over the 2020-2027 analysis period. Glasses, one of the segments analyzed in the report, is expected to register a CAGR of 4.8% and reach US$76.9 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and induced economic crisis, Frames segment growth is readjusted to a revised CAGR of 5.8% for the next 7-year period.

The US market is estimated at $39.4 billion, while China is expected to grow at a CAGR of 7.2%

The eyewear market in the United States is estimated to be worth US$39.4 billion in 2020. China, the world’s second largest economy, is expected to reach a projected market size of US$21.8 billion by 2027, with a CAGR of 7.2% on the analysis. between 2020 and 2027. Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 3.8% and 4.4% respectively over the period 2020-2027. In Europe, Germany is expected to grow around 4.3% CAGR.

The sunglasses segment will register a CAGR of 4.5%

In the global sunglasses segment, the United States, Canada, Japan, China and Europe will drive the estimated CAGR of 4.1% for this segment. These regional markets representing a combined market size of US$31.6 billion in 2020 will reach a projected size of US$41.9 billion by the end of the analysis period. China will remain among the fastest growing markets in this group of regional markets. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$28.4 billion by 2027, while Latin America will grow to a CAGR of 5% over the analysis period.

Select competitors (total of 488 featured) –

  • Carl Zeiss AG

  • From Rigo SpA

  • Essilor International S.A.

  • Hoya Company

  • Indo Optical SLU

  • Luxottica SpA Group

  • Oakley Inc.

  • Rodenstock GmbH

  • Safilo Group SpA

  • Optical TEK Canada

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Overview of the influencer market

  • Global Market Trajectories

  • Impact of COVID-19 and a looming global recession

  • Eyewear market amid the COVID-19 pandemic

  • Percentage change in weekly eye exams, United States, January through August: 2020 vs. 2019

  • Percentage change in weekly lens sales in the United States, January to August: 2020 vs. 2019

  • COVID-19 opens a new technological era for the eye care industry

  • Increased focus on safety and hygiene presents lucrative avenues for eyewear brands

  • COVID-19 to galvanize the transition from contact lenses to glasses

  • Online eyewear sales rise amid COVID-19 pandemic

  • Eyewear retailers bet on virtual try-ons

  • DTC eyewear and contact brands are harnessing the work-from-home trend amid COVID-19 for enviable gains

  • Glasses: an introduction

  • Product presentation

  • Lenses

  • Frames

  • Sun glasses

  • Awareness of eye health: an essential growth factor

  • Outlook

  • Prevalence of visual impairment fuels demand for eyewear

  • Vision Facts, Figures and Opportunities

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND DRIVERS

  • Popular eyewear trends for 2020

  • Increase in the myopia rate in favor of the demand for glasses

  • Increased use of screens among children and increasing risk of myopia to drive gains for the eyewear market

  • Rise in presbyopia drives demand for progressive glasses

  • The rise of digital time is driving up the demand for transparent goggles

  • 3D printing brings personalization of glasses

  • Advances in frame and lens technologies to help improve healthcare delivery

  • Innovations in reading glasses

  • Smart glasses: an undeniable victory over other hands-free technologies

  • Select recent Smart Glass introductions/innovations

  • HD glasses designed for sharper vision

  • Designer eyewear: a hit with the trendy crowd

  • On-screen and off-screen celebrity endorsements drive acceptance of fashionable eyewear

  • Innovation: name of the game for industry players

  • Online Exams for Vision: A New Way to Expand Reach

  • Sports eyewear market: growing need to protect athletes’ vision to fuel demand

  • The sunglasses segment continues to add “volume” to the eyewear market

  • Innovative designs and innovations to drive the sunglasses market

  • Changing lifestyle drives the sunglasses market

  • Eye protection needs to fuel demand for Plano sunglasses

  • Popularly Priced Sunglasses Surpass the Premium Category

  • Growing popularity of replica sunglasses

  • Sunglasses retail sales continue to grow

  • Personalized corrective lenses are gaining popularity

  • High-end lens market: on the rise

  • Global premium lenses market – Penetration rate (%) of photochromic lenses in selected countries for 2019

  • Progressive lenses are gaining popularity

  • Demand for lightweight frames is on the rise

4. GLOBAL MARKET OUTLOOK

IV. COMPETITION

For more information on this report, visit https://www.researchandmarkets.com/r/hrcbg4

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