Global Eyewear (Contact Lenses, Eyeglasses, Sunglasses) Market Trends and Analysis Report 2021-2028 – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD) – The report “Global Eyewear Market 2021-2028” has been added to ResearchAndMarkets.com offer.

The global eyewear market size is expected to reach USD 278.95 billion by 2028 and is expected to grow at a CAGR of 8.5%.

Advances in lens manufacturing technology allow eyeglass manufacturers to produce large quantities of eye lenses, thereby providing users with more affordable and diverse purchasing options. The integration of 3D printing technology into the eyewear manufacturing process further provides eyewear suppliers with the ability to exercise efficient resource management and mitigate the costs associated with large inventory, limited product design. and complicated supply chains.

The growing demand for personalized eyewear among users is fueling the growth of the market. People prefer unique products tailored to their needs, such as the shape of the eyes and face, the color and texture of the glasses, and the design and material of the frame.

This is expected to result in disruption of distribution models to meet end user demands, thus providing growth opportunities for the market over the next few years. To respond to this trend, a growing number of eyewear manufacturers, such as Topology and Pair Eyewear, have started offering personalized eyewear to their customers. These personalized eyewear products include eyewear with different characteristics, such as UV ray elimination, photochromic eyewear, and high index eyewear.

The merger of digital channels with the eyewear value chain in recent years has dramatically increased sales of eyewear products. The e-commerce distribution channel is gradually gaining momentum due to the ongoing COVID-19 pandemic, which encourages users to practice social distancing and order from their homes.

Several eyewear companies, including Lenskart, offer users the ability to make calculated eyewear purchasing decisions by providing virtual facial analysis and product virtualization capabilities. Additionally, establishing digital channels allows businesses to retain critical customer data such as purchasing preferences, search history, and reviews, which can help them deliver more select and specific products to their customers. in the future.

The emerging demand for putting sustainability into practice among eyewear companies and their customers is changing the dynamics of the market. Eyewear manufacturers such as Evergreen Eyecare and Modo have started using environmentally friendly materials in eyewear design, which helps the company practice sustainability and improve its customer journey.

The trend is encouraging new eyewear manufacturers such as Shwood Eyewear and PaperStyle to diversify their products and deliver greener, more economical and unique products to customers while capturing a better share of revenue. Companies are experimenting with materials such as wood, paper, leather and wool to design eyewear with innovative textures, which promises to attract more customers.

Highlights of Eyewear Market Report

  • In terms of products, the sunglasses segment is expected to become the fastest growing segment during the forecast period. The segment’s promising growth prospects can be attributed to the gradual easing of travel restrictions, which prompts people to use sunglasses as a travel accessory.

  • In terms of distribution channel, the e-commerce segment is expected to register the highest growth rate during the forecast period. This can be attributed to the better functionality, ease of access, better discounts, and better shopping options offered by players online.

  • The Asia-Pacific region is expected to register the highest CAGR during the forecast period. This can mainly be attributed to the resumption of eyewear and eyewear parts manufacturing and critical supply chain activities in China, which is one of the major eyewear parts suppliers in the world.

  • The growing demand for colored contact lenses and the increasing penetration of soft contact lenses in Japan and China are further driving the demand for glasses in the Asia-Pacific region.

  • In response to the COVID-19 pandemic, businesses have rapidly deployed their IT capabilities to run remote connections with employees and customers to deliver a productive, functional and productive work-from-home (WFH) strategy that has kept the market dynamic.

Market variables, trends and scope

Eyeglasses color and shape trends, 2020

Eyewear value chain analysis

  • Eyewear Market – Distribution Channel Analysis

  • ESSILORLUXOTTICA

  • Transformation into a single supply chain

  • Luxottica Group SpA – Vertically integrated business model

  • Essilor International SpA – Value chain analysis

  • Carl Zeiss – Value Chain Analysis

  • HOYA Corporation – Value Chain Analysis

  • Rodenstock GmbH – Value chain analysis

Analysis of eyewear trends

  • Spring / summer eyewear and winter eyewear trends

  • Spring / summer trends

  • Fall / winter trends

  • Consumer behavior and frame style preference

The emergence of EssilorLuxottica

  • Company Highlights in the Eye Care and Eyewear Industry

Market dynamics

Market driver analysis

  • A growing number of ophthalmic disorders

  • Eye exam awareness

  • Perception of glasses as a fashion accessory

Analysis of market constraints

  • Growing acceptance of refractive surgeries

Impact of COVID-19 on the eyewear industry

  • Strategies adopted by key companies

  • ESSILORLUXOTTICA

  • Safilo SpA Group

  • Alcon

  • Impact of COVID-19 on the e-commerce distribution channel

  • Impact of COVID-19 on the cancellation of eyewear-related events

Companies mentioned

  • Bausch & Lomb Inc.

  • Carl Zeiss SA

  • Charm group

  • Chemilens (CHEMIGLAS Corp.)

  • VISION CIBA

  • CooperVision

  • From Rigo Vision SpA

  • ESSILORLUXOTTICA

  • Fielmann AG

  • HOYA Company

  • JINS, Inc.

  • Johnson & Johnson Vision Care, Inc.

  • Marchon Eyewear, Inc.

  • Marcolin SpA

  • QSpex

  • Rodenstock GmbH

  • Safilo SpA Group

  • Seiko Optical Products Co., Ltd.

  • Shamir Optical Industry Ltd.

  • Silhouette International Schmied AG

  • Warby parker

  • Zenni Optics, Inc.

For more information on this report visit https://www.researchandmarkets.com/r/7o2s1f


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