Global Eyewear Market is anticipated to reach US$130 billion by 2018; Global Industry Analysis, Size, Share, Growth and Forecast 2018

Albany – NY, Sept. 29, 2016 (GLOBE NEWSWIRE) — Research shows that about 80% of what the human brain learns and forms memories from is through what it sees. Therefore, vision plays a very crucial role in the development of the human mind and its growth. This makes eye care extremely important for all. In recent times, as an increasing number of people are signing up for eye checkups, the diagnoses rate to those suffering from poor vision has considerably risen. Owing to this reason, the global eyewear market is expected to witness a surge in the coming years. As conditions such as presbyopia, myopia, astigmatism, and hyperopia are becoming common, it is driving the growth of the global eyewear market.

The global eyewear market has been studied from political, economic, social, legal, technological, and environmental perspectives. The thorough research report observes the market microscopically to present a fair report about the strengths, the weaknesses, the opportunities, and the threats influencing the market. Additionally, the research report also uses Porter’s five forces analysis to highlight the threat of new entrants, the threat of substitute products or services, the bargaining power of customers, the bargaining power of suppliers, and the intensity of competitive rivalry. The research report answers questions pertaining to the future of this market and the stance entrepreneurs ought to take to profit from the ever-changing dynamics of the global eyewear market.

Overview

Research suggests that the eyewear market in Europe held a dominant share of 40% in the global eyewear market in 2011. In the coming years, analysts predict that Asia Pacific will prove to be lucrative ground for the eyewear market, as it is anticipated to expand at a CAGR of 9.0% all through 2018. The robust development of the Asia Pacific eyewear market will be attributable to the increasing usage of eyewear in the region. The emerging economies of China and India are expected to make a significant contribution to the aforementioned growth rate.

According to the research report, the global eyewear market was worth US$81.0 bn in 2011 and is expected to reach US$130 bn by the end of 2018. Analysts predict that the global eyewear market will expand at a CAGR of 3.70% during the period from 2012 to 2018.

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The global eyewear market is segmented on the basis of product, distribution channel, and geography. The products sold in this market are spectacles, contact lenses, and plano sunglasses. The types of spectacles available in the global eyewear market are spectacle lenses and spectacle frames. These products are sold via distribution channels such as healthcare service providers, retail outlets, and online portals. Geographically, this market is segmented into Asia Pacific, North America, Europe, and Rest of the World.

Companies Mentioned in the Global Eyewear Market are:

Some of the important players mentioned in the global eyewear market are Luxottica, Safilo, Johnson & Johnson Vision Care, Essilor Int., CooperVision, Bausch & Lomb, Carl Zeiss, De Rigo, CIBA Vision Inc., Fielmann, Marchon Eyewear, Hoya Corp., Vision Express, and Specsavers Optical.

Global Eyewear Market by Geography:

  • Europe
  • North America 
  • Asia-Pacific 
  • Rest of the World 

Related Regional Report:

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