Global Eyewear Market is Likely to cross US$ 145.0 Billion by 2020

Posted June 3, 2016 by wamy156

The Global Eyewear Market is likely to reach around 145 billion by 2020, at a CAGR of 3% during the forecasted period.

New York, June 03: Market Research Engine has published a new report titled as “Eyewear Market (Spectacles, Contact Lenses, Plano Sunglasses) - Global Industry Analysis, Size, Share, Growth and Forecast 2015 - 2023”

Eye wears provide safety to the human eye from dust and UV rays in daylight. Eye wears consist of various product types which include spectacles, sunglasses and contact lenses. Spectacles eye wears are mainly for those who have trouble seeing objects from a specific distance. A ophthalmologist specifically prescribes the spectacles which further enables the consumers to look clearly without causing strain on their eyes. Contact lenses can also replace spectacles but colored contact lenses are not prescribed by any medical practitioner. Similarly sunglasses are the reason the eyewear market is leading.

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The Global Eyewear Market is likely to reach around 145 billion by 2020, at a CAGR of 3% during the forecasted period. Europe is the largest consumer of Eyewear market followed by by North America in 2015 and likely to maintain the same ranking till the forecasted period. APAC is the fastest growing market and will continue to grow at the same rate during the forecast period.

Tremendous growth in eyewear market is owing to increasing demand for sunglasses. Increasing standards of life and sabotaged weather conditions is triggering the demand for sunglasses. Potential increase in population rate with refractive errors is boosting the demand for spectacles and hence increasing global eyewear market in terms of revenue and volume. Counterfeit eyewear products and replicas are a major threat to the key market players in this industry. North America is leading the global eyewear market by volume with outstanding figures.

The global eyewear market is segmented based on its product types which include spectacles, plano sunglasses and contact lenses. The market segments in terms of geographical regions include North America, Europe, Asia-Pacific and Rest of the World (ROW).

This report provides:

1) An overview of the global market for eyewear and related technologies.

2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2020.

3) Identifications of new market opportunities and targeted promotional plans for eyewear market.

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.


The scope of the report includes a detailed study of global and regional markets for various types of eye wears with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include

• Luxottica Group SpA
• Bausch & Lomb
• Carl Zeiss
• Charmant Group
• CIBA Vision
• CooperVision
• De Rigo SpA
• Essilor
• Fielmann AG
• Hoya Corporation
• Johnson & Johnson
• Marchon Eyewear
• Marcolin Eyewear
• Rodenstock
• Safilo Group SpA
• Seiko Corporation
• Shamir.

Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The Eyewear Market has been segmented as below:

By Product Type
• Spectacles
o Spectacles Frames
o Spectacles Lenses
• Contact Lenses
• Plano Sunglasses
o Polarized Sunglasses
o Non Polarized Sunglasses
o CR-39 Sunglasses
o Polycarbonate Sunglasses
o Polyurethane Sunglasses
o Others

By Geography
• North America
• Europe
• Asia-Pacific
• Rest of the World (ROW)

Reasons to buy this Report:

1) Obtains the most up to date information available on all active and planned eyewear industry globally.

2) Identify growth segments and opportunities in the industry.

3) Facilitate decision making on the basis of strong historic and forecast of eyewear industry and unit capacity data.

4) Assess your competitor’s refining portfolio and its evolution.

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Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.

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