+91 (0) 22 4056 0001 9 a.m. to 5:30 p.m. IST
+91 (0) 22 4056 0001 9 a.m. to 5:30 p.m. IST
Bangalore, India, December 6, 2021/PRNewswire/ - The eyewear market is broken down by product type (prescription glasses/eyeglasses, sunglasses, and contact lenses), sales method (retail stores and online stores), and end users (men) And women): Global opportunity analysis and industry forecasts from 2021 to 2030. It is published in the evaluation report under the eyewear category.
In 2020, the global eyewear market is worth 110.90 billion U.S. dollars and is expected to reach 237.051.1 billion U.S. dollars by 2030, with a compound annual growth rate of 8.4%.
The main factors driving the growth of the glasses market are
The global eyewear market is being driven by the increase in visual impairment and eye problems and the desire to follow the latest fashion trends.
The increasing use of digital devices and gadgets by the younger generation has led to an increase in the frequency of eye diseases, thereby driving up the demand for vision correction products. This situation is expected to drive the glasses market.
In addition, factors such as increased disposable income and improved living standards in developing countries such as India and Brazil have prompted the adoption of high-end branded glasses.
Get samples now: https://reports.valuates.com/request/sample/ALLI-Auto-0U56/Eyewear_Market
Trends affecting the growth of the glasses market
Fashion is becoming more and more attractive to millennials, which has prompted eyewear designers to create affordable and stylish eyewear. In turn, this is expected to drive the eyewear market forward. In order to quickly adapt to fast fashion trends and attract fashion lovers, eyewear designers regularly create new styles and patterns. Companies can generate new sources of income by acquiring new consumers and maintaining long-term business relationships with existing customers. In order to improve the customer buying experience and develop stronger business relationships, the glasses company is expanding its scope of services.
Due to nationwide lockdowns and the deployment of work-from-home (WFH) models by various companies, people spend more time on laptops, desktops, and mobile phones for work and entertainment. Longer screen time and the associated increase in eye fatigue contribute to increased use of vision correction and anti-fatigue glasses. Therefore, eyewear companies can increase sales of anti-fatigue and anti-blue lenses, thereby driving the growth of the entire eyewear market.
In order to alleviate eye diseases, rural medical and vision care facilities are being consciously regulated. Governments, in cooperation with various organizations, are launching programs to provide affordable eye care for rural populations. As a result of these initiatives, rural communities may benefit from efficient medical care and eye care facilities. Therefore, it is expected that these cooperations with different institutions will promote the growth of the glasses market.
In order to expand their geographic coverage, many companies are actively opening new retail stores, especially in developing countries such as India and China. In order to strengthen their online influence and consumer base, many companies have acquired top regional online eyewear companies. The intensive marketing activities of well-known companies have increased the brand's visibility in the global market, thereby promoting the growth of the eyewear market.
Longer life expectancy and an aging population are also driving the eyewear market forward. As people get older, they are more prone to visual impairment, including presbyopia and cataracts, which leads to an increase in the demand for glasses.
Browse the catalog and chart list https://reports.valuates.com/reports/ALLI-Auto-0U56/eyewear
Based on product type, prescription glasses/eyewear will occupy the largest market share of eyewear in 2020 due to the increase in global education rate and the extension of life expectancy.
According to the sales model, the market segment of retail stores will lead the market in 2020. This is due to the fact that market participants have equipped their eyewear retail outlets with cutting-edge technology and services, as well as a diverse selection of local and international eyewear brands to meet the needs of consumers. need. However, during the forecast period, the online retail segment is expected to grow at the fastest CAGR of 9.0%.
Based on end users, the male segment is expected to lead the market during the forecast period. This is because men prefer high-end designer sunglasses, which they believe determines their social status.
By region, North America will generate the most revenue in 2020 and is likely to continue to lead the market during the forecast period. However, the market is dominated by the Asia-Pacific region and is expected to grow at a compound annual growth rate of 9.3% during the forecast period.
Query customization: https://reports.valuates.com/request/customisation/ALLI-Auto-0U56/Eyewear_Market
Seasoned water market by region
Query chapter cost: https://reports.valuates.com/request/chaptercost/ALLI-Auto-0U56/Eyewear_Market
Buy now single user + Covid-19 impact: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Auto-0U56&lic=single-user
We have launched a tailor-made subscription service for our customers. Please leave a message in the comments section to learn about our subscription plans.
-It is estimated that by 2026, the global contact lens market will reach USD 12.66 billion from USD 9.658.9 billion in 2019, with a compound annual growth rate of 4.6% from 2021 to 2026.
-In 2020, the global tactical glasses market is worth 233 million U.S. dollars and is expected to reach 364.5 million U.S. dollars by the end of 2027, with a compound annual growth rate of 5.0% from 2021 to 2027.
-In 2020, the global Hunt & Fish Eyewear market is worth 504 million U.S. dollars and is expected to reach 932 million U.S. dollars by the end of 2027, with a compound annual growth rate of 7.0% from 2021 to 2027.
-In 2020, the global safety glasses market is worth 1.687 billion U.S. dollars and is expected to reach 1.699.2 billion U.S. dollars by the end of 2027, with a compound annual growth rate of 1.8% from 2021 to 2027.
-In 2019, the global sunglasses market was worth 16.851 billion U.S. dollars and is expected to reach 18.164 billion U.S. dollars by 2027, with a compound annual growth rate of 4.2% from 2021 to 2027.
-Global and Chinese luxury eyewear market insights, forecast for 2027
-Global and Chinese high-end glasses market insights, forecast to 2027
-Global and Japanese IPL glasses market insights, forecast to 2027
-2021 Global Industrial Safety Glasses Market Research Report
-2021 Global Squash Glasses Market Research Report
-2021 Global 3D Printed Glasses Sales Market Report
Click here to view glasses related reports
Valuates provides in-depth market insights into various industries. Our extensive report library will be constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you choose the best report covering your industry. We understand your niche-specific requirements, which is why we provide customized reports. Through our customization, you can request any specific information from a report that meets your market analysis needs.
In order to achieve a consistent view of the market, data are collected from various primary and secondary sources, and data triangulation methods are applied at each step to reduce deviation and find a consistent market view. Each sample we share contains detailed research methods used to generate reports. Please also contact our sales team for a complete list of our data sources.
Contact us: Evaluation report [Email protection] US Toll Free 1-(315)-215-3225 IST Phone +91-8040957137 WhatsApp: +91-9945648335 Website: https://reports.valuates.com Twitter-https:/ /twitter.com/valuatesreports LinkedIn-https://in.linkedin.com/company/valuatesreports
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
More news releases on similar topics
+91 (0) 22 4056 0001 9 a.m. to 5:30 p.m. IST