Press release
Eyewear Market to Incur Rapid Extension During 2024 - 2031 | Luxottica Group SpA, Essilor International S.A
Market Overview:
Global eyewear market is expected to reach US$ 388.48 Bn by 2031, from US$ 216.65 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 8.7% during the forecast period (2024-2031).
Market Dynamics:
The eyewear market is expected to witness significant growth over the forecast period owing to two key drivers - increased spending on fashion accessories and rising prevalence of eye disorders. Consumers nowadays spend more on premium and branded sunglasses and eyeglasses to complement their personal style. Higher disposable incomes have boosted their willingness to pay for quality eyewear products. Moreover, advancing age and excessive usage of digital devices have contributed to the growing incidence of eye diseases such as myopia, presbyopia and computer vision syndrome. This is anticipated to drive the demand for corrective and therapeutic lenses and contact lenses.
💎 Sample Copy of the Report @ https://www.coherentmarketinsights.com/insight/request-sample/767
Increasing Screen Time
With growing digitalization and adoption of smart devices, individuals are spending more time staring at screens for work and entertainment. Prolonged screen exposure can cause eye strain and headaches. This has increased the need for computer glasses that help reduce blue light and minimize digital eye strain. Many eyewear brands have launched special range of glasses tailored for digital usage. The increasing jobs requiring extensive computer work like coding, data analytics etc have further boosted the sales of blue light blocking and anti-glare eyewear products.
Adoption of Lightweight Materials
Eyewear frames are increasingly being made with lightweight yet high-performance materials like titanium which is stronger yet thinner than conventional plastic and metal frames. This makes them extremely comfortable to wear for long hours without causing fatigue. Polycarbonate and other optical-grade plastics are also getting replaced with advanced composite materials offering better durability, impact resistance and flexibility. Lightweight eyewear allows for bold yet delicate styling which has captured the fancy of new age consumers. Advanced materials are opening new design possibilities and strengthening value proposition of frames.
Popularity of Non-Prescription Eyewear
While prescription eyewear will remain the core segment, non-prescription sunglasses and blue light blocking computer glasses are gaining widespread acceptance even among consumers who do not have vision issues. Sunglasses are being purchased not just for vision protection but also as fashion accessories that complement different outfits for day to night usage. Further, blue light glasses are proving helpful for digital eye health of young kids and teens engaged in online education amid pandemic. This emerging trend is a key area of growth opportunity for eyewear brands.
💎 You Can Purchase Complete Report @ https://www.coherentmarketinsights.com/insight/buy-now/767
Top Companies Featured in This Report:
★ Luxottica Group SpA
★ Essilor International S.A
★ Carl Zeiss AG
★ Hoya Corporation (Life Care)
★ Johnson & Johnson Vision Care Inc.
★ Cooper Companies Inc.
★ Fielmann AG.
★ Safilo Group Spa
★ Marcolin S.p.A.
★ De Rigo S.p.A.
Market Segmentation:
By Product Type:
★ By Product Type: Spectacles, Plano Sunglasses, Contact Lenses, Sportswear, and Eye Care
★ By Price Range: Premium, Mid, and Low
★ By Distribution Channel: E-commerce/Online, Company Outlets/Franchises, Hospitals, Clinics, and Multi-brand Stores
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Inquiries Addressed in this Report include:
📈 What was the size of the Eyewear Market in 2024, and what is the projected value by 2031?
📈 What is the present global market landscape for the Eyewear Market?
📈 What strategies offer optimal opportunities for growth maximization in the business?
📈 What recent trends are shaping the Eyewear Market?
📈 How does the market share of Eyewear Market revenue, sales, and size vary across specific geographical regions?
📈 Who are the prominent industry players in the Eyewear Market?
📈 Which segment of the Eyewear Market is experiencing heightened demand?
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Eyewear sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
💎 Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/767
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
Contact Us
Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Australia: +61-2-4786-0457
India: +91-848-285-0837
About Us
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Global eyewear market is expected to reach US$ 388.48 Bn by 2031, from US$ 216.65 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 8.7% during the forecast period (2024-2031).
Market Dynamics:
The eyewear market is expected to witness significant growth over the forecast period owing to two key drivers - increased spending on fashion accessories and rising prevalence of eye disorders. Consumers nowadays spend more on premium and branded sunglasses and eyeglasses to complement their personal style. Higher disposable incomes have boosted their willingness to pay for quality eyewear products. Moreover, advancing age and excessive usage of digital devices have contributed to the growing incidence of eye diseases such as myopia, presbyopia and computer vision syndrome. This is anticipated to drive the demand for corrective and therapeutic lenses and contact lenses.
💎 Sample Copy of the Report @ https://www.coherentmarketinsights.com/insight/request-sample/767
Increasing Screen Time
With growing digitalization and adoption of smart devices, individuals are spending more time staring at screens for work and entertainment. Prolonged screen exposure can cause eye strain and headaches. This has increased the need for computer glasses that help reduce blue light and minimize digital eye strain. Many eyewear brands have launched special range of glasses tailored for digital usage. The increasing jobs requiring extensive computer work like coding, data analytics etc have further boosted the sales of blue light blocking and anti-glare eyewear products.
Adoption of Lightweight Materials
Eyewear frames are increasingly being made with lightweight yet high-performance materials like titanium which is stronger yet thinner than conventional plastic and metal frames. This makes them extremely comfortable to wear for long hours without causing fatigue. Polycarbonate and other optical-grade plastics are also getting replaced with advanced composite materials offering better durability, impact resistance and flexibility. Lightweight eyewear allows for bold yet delicate styling which has captured the fancy of new age consumers. Advanced materials are opening new design possibilities and strengthening value proposition of frames.
Popularity of Non-Prescription Eyewear
While prescription eyewear will remain the core segment, non-prescription sunglasses and blue light blocking computer glasses are gaining widespread acceptance even among consumers who do not have vision issues. Sunglasses are being purchased not just for vision protection but also as fashion accessories that complement different outfits for day to night usage. Further, blue light glasses are proving helpful for digital eye health of young kids and teens engaged in online education amid pandemic. This emerging trend is a key area of growth opportunity for eyewear brands.
💎 You Can Purchase Complete Report @ https://www.coherentmarketinsights.com/insight/buy-now/767
Top Companies Featured in This Report:
★ Luxottica Group SpA
★ Essilor International S.A
★ Carl Zeiss AG
★ Hoya Corporation (Life Care)
★ Johnson & Johnson Vision Care Inc.
★ Cooper Companies Inc.
★ Fielmann AG.
★ Safilo Group Spa
★ Marcolin S.p.A.
★ De Rigo S.p.A.
Market Segmentation:
By Product Type:
★ By Product Type: Spectacles, Plano Sunglasses, Contact Lenses, Sportswear, and Eye Care
★ By Price Range: Premium, Mid, and Low
★ By Distribution Channel: E-commerce/Online, Company Outlets/Franchises, Hospitals, Clinics, and Multi-brand Stores
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Inquiries Addressed in this Report include:
📈 What was the size of the Eyewear Market in 2024, and what is the projected value by 2031?
📈 What is the present global market landscape for the Eyewear Market?
📈 What strategies offer optimal opportunities for growth maximization in the business?
📈 What recent trends are shaping the Eyewear Market?
📈 How does the market share of Eyewear Market revenue, sales, and size vary across specific geographical regions?
📈 Who are the prominent industry players in the Eyewear Market?
📈 Which segment of the Eyewear Market is experiencing heightened demand?
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Eyewear sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
💎 Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/767
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
Contact Us
Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Australia: +61-2-4786-0457
India: +91-848-285-0837
About Us
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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