Eyewear’s such glasses, contact lens, or sunglasses are worn on or over the eye, providing protection and improving visual acuity caused due to eye disorders.
The global eyewear market report has been segmented on the basis of product, distribution channel, and region. Increasing number of cases of ophthalmic disorders globally is a major factor expected to drive the growth of the market over the forecast period. Growing disposable income coupled with increasing purchasing power for eyewear is other factor expected to propel the growth of the market over the forecast period.
Based on product, the global eyewear market is segmented based on contact lenses, spectacles, and sunglasses. The spectacles segment is expected to account major revenue share of the market. Spectacles provides predictable and accurate vision correction. In addition, the spectacles are less expensive than that contact lenses.
Based on distribution channel, the global eyewear market is segment based on retail stores and online store. The retail stores segment contributes major market share owing to the easy of availability of eyewear. The online store segment is expected to witness rapid growth rate over the forecast period owing to developing strong distribution network.
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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. Europe contributes major market share and expected to maintain its dominance over the forecast period owing the presence of leading market players in the region. Asia Pacific region is expected to witness rapid growth rate over the forecast period. Countries like India, China are expected to support the growth of Asia Pacific market, owing to the growing number of cases of visual impairment and need for vision correction.
Some prominent players in the global eyewear market are Luxottica Group S.p.A, Fielmann AG, Safilo Group S.p.A., CooperVision Inc., Essilor International S.A, Carl Zeiss A.G., Maui Jim, Inc., De Rigo Vision S.p.A., Marcolin S.p.A, and Seiko Optical Products Co., Ltd.