Eyewear market size forecast to reach USD 165 billion by 2022: Global Market Insights, Inc. - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Eyewear market size forecast to reach USD 165 billion by 2022: Global Market Insights, Inc.

Description:

Eyewear market size is projected to exceed USD 165 billion by 2022, growing at a CAGR of 7% from 2015 to 2022. The eyewear market can be segregated into plano sunglasses, spectacles, and contact lenses.Eyewear market trends, Eyewear market size is projected to reach USD 165 billion by 2022, as per a new research report by Global Market Insights, Inc. Growing visual inaccuracies coupled with increased awareness regarding vision correction is expected to provide a fillip to eyewear market growth. – PowerPoint PPT presentation

Number of Views:43

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Eyewear market size forecast to reach USD 165 billion by 2022: Global Market Insights, Inc.


1
Eyewear Market Size, Share and Forecast 2016-2022
2
Global Market Scenario of Eyewear
Industry
  • Eyewear market size is projected to reach USD
    165 billion by 2022, as per a new research report
    by Global Market Insights, Inc. Growing visual
    inaccuracies coupled with increased awareness
    regarding vision correction is expected to
    provide a fillip to eyewear market growth.
  • While spectacles remain the dominant mode of
    correction, contact lenses are expected to
    witness growth on account of benefits such as
    aesthetic appeal and growing availability of
    modalities.
  • Increased corrective surgeries and prescription
    contact lenses demand is expected to favorably
    impact plano sunglasses market growth. Spectacle
    lenses shipments and revenue is estimated to
    benefit from replacement demand as well as
    growing global preference for high quality
    lenses. Rising incidences of ophthalmic
    disorders as well as aging population are also
    considerable factors fueling eyewear market size.

3
Continue.....
  • High-end sunglasses are expected to be the key
    revenue contributor to the non-corrective
    segment, since these products retail at high
    prices. The plano sunglasses ecosystem is
    characterized with high focus on establishing a
    profitable distribution channel, with industry
    giant Luxottica practicing vertical integration
    along its supply chain.
  • Eyewear market size is projected to exceed USD
    165 billion by 2022, growing at a CAGR of 7 from
    2015 to 2022. Rising population accompanied by
    increasing visual deficiencies such as
    hypermetropia/hyperopia, myopia, astigmatism and
    presbyopia is anticipated to drive the industry
    growth over the forecast period.

Latest Research Report On Eyewear Market
_at_ https//www.gminsights.com/industry-analysis/eye
wear-market
4

Request for customization https//www.gminsights.
com/roc/119
5
360 Analysis
Product Analysis- The eyewear market can be
segregated into plano sunglasses, spectacles, and
contact lenses. Spectacles are further segregated
into spectacle frames and spectacle lenses. This
segment accumulated more than 75 of the overall
revenue in 2014. Plano sunglasses market is
further segmented on the basis of product and
material. Based on material it can be
differentiated into CR-39, polycarbonate and
polyurethane. On the basis of product it can be
segmented into non-polarized and polarized
sunglasses. The spur in the sector can be
dedicated to rising consumer preference and
escalating acceptance of corrective surgery.
Contact lenses market is further divided on the
basis of product into RGP lenses, soft lenses and
hybrid lenses. Driven by demand for cosmetic and
daily disposable lenses, the contact lens market
accounted for over 30 of the overall shipments
in 2014. Proliferating usage of these products in
order to improve aesthetic appearance justifies
the rising industry demand. Regional Analysis-

Download Latest Report PDF _at_ https//www.gminsight
s.com/request-sample/detail/119
6
Regional Analysis North America eyewear market
share accounted for over 30 of the volume and
revenue share. The spur can be attributed to
rising demand for plan sunglasses along with
increasing consciousness regarding eye
examination across the region. Asia Pacific
eyewear market size was over 20 in 2014, in
terms of revenue. Rapidly increasing wearer base
is likely to drive consumption over the forecast
period. Europe eyewear market size amounted to
over 35 of the global revenue in 2014, primarily
due to high average selling prices and the
presence of key participants in the region. Latin
America, driven by Brazil eyewear market share is
expected to witness steady gains over the next
seven years. Competitive Analysis Key industry
participants include Bausch Lomb, Carl Zeiss,
Charmant Group, Chemilens, CIBA Vision Inc.
(Alcon), CooperVision, Daemyung, Essilor
International, Fielmann, Hoya, Johnson Johnson
Vision Care, Rodenstock, Seiko, etc. Plano
sunglasses market share is dominated by Luxottica
Group, Safilo Group, Marchon Eyewear, Marcolin
Eyewear, and De Rigo SpA. Significant knowledge
regarding consumer preferences coupled with high
degree of branding and product development has
led to high entry barriers to the eyewear
industry. Product cost and quality are expected
to remain the key buying criteria for these
products over the forecast period.
7

Latest Research Report On Eyewear Market
_at_ https//www.gminsights.com/industry-analysis/eye
wear-market Download Latest Report PDF _at_
https//www.gminsights.com/request-sample/detail/1
19 Request for customization https//www.gmins
ights.com/roc/119
8
Stay In Touch You can visit us at
www.gminsights.com
About PowerShow.com