This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends in each of the sub-segments from 2018 to 2030. The increasing prevalence of ocular disorders worldwide will drive the growth of the market. We have now created reliable manufacturing lines and have separated them into three major lines: acetate, metal, and injection. Research and Markets Hugo was appointed as a member of the Board on 1 December 2022. Continuous efforts by leading market players to acquire new customers and retain existing ones are positively influencing the market growth for eyewear. The global eyewear market is expected to register a CAGR of 4.95% during the forecasted period. The market is segregated into retail stores, online stores, and ophthalmic clinics based on the distribution channel. These glasses are widely used for conveniently using navigation apps or checking real-time notifications without the hassle of checking their smartphones for the same. For more details, please read our privacy policy. Senior Content Writer at IMARC Services Private Limited, Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. The brick-and-mortar segment dominated the market, capturing a revenue share of more than 79% in 2022. We are one of the leading manufacturing company in China. It is a full range of expert optical services, high quality and affordable prescription glasses including frames and lenses, contact lenses and sunglasses both plain and with prescription lenses are delivered to customers. The global eyewear market is expected to grow at a compound annual growth rate of 8.5% from 2023 to 2030 to reach USD 323.77 billion by 2030. b. In the current market landscape, the contact lens segment is estimated to experience an increase in acceptance in Asia Pacific and Latin American countries, owing to the aesthetic value offered by the product type. The market is further expected to grow at a We, at Expert Market Research, help you remain ahead of the curve by enabling you to understand the current and future trends in your industry and helping you leverage the knowledge to ensure your optimum growth in the market. Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. The emergence of the COVID-19 crisis has also positively impacted the market. Hugo has more than 25 years' experience working for some of the biggest and best-known, global consumer brands including The Body Shop and running marketing and international expansion at Dyson. the 18th. It products are luxury clothing, footwear, fragrances, housewares, furniture and jewelry for women. These products offer vision correction and protection from harmful Ultraviolet A (UVA) and Ultraviolet B (UVB) sun rays. Johnson & Johnson Vision Care, Inc. is a multinational company (MNC) that provides eye health products and services. Various local shops and manufacturers of eyewear produce cheaper and affordable frames and spectacles in developing countries. This website is secure and your personal details are safe. Addition or alteration to country, regional & segment scope. Please wait while we are processing your request Eyewear Market Size, Share, Growth Analysis [2023 Report]. Johnson & Johnson Vision Care (Johnson & Johnson Medical GmbH), Top 10 Companies with an Established Presence in the Global Eyewear Market. Polarised lenses provide better vision service at night and for rainy weather as they have anti-glare features. Product Type; Distribution Channel; and Geography. As people live longer, there is a rise in the risk of ocular disease among the geriatric population. It provide visual freedom for patients, lessening or eliminating the reliance on glasses or contact lenses. Globally, there is a surge in the incidence of ocular disorders such as myopia, hypermetropia, and astigmatism, among others. Discounted price for multiple reports across domains, 2. Additionally, the rising availability of spectacles and sunglasses in retail and online channels in developing and developed nations is anticipated to boost the market during the forecast period. It has also partnered with global fashion brands to design eyewear collections, such as Fossil, Carolina Herrera, Hugo, Jimmy Choo, Marc Jacobs, and Tommy Hilfiger. Their regular use can also assist in reducing the intensity and frequency of headaches and migraines that are usually triggered by bright sunlight or prolonged exposure to digital screens and gadgets. The contact lenses segment is further segmented into toric, multifocal, and sphere. View Rafaela Caraush's professional profile on LinkedIn. Technology is paving a new way for the eyewear industry to grow by designing and manufacturing varieties of eye wear products. Satellite design offices are located in Hong Kong, Tokyo, Sweden, and Southern California. Today the eyewear market has become a big business and is driven by increasing. This is attributed to the higher population of people who depend on eyeglasses products for vision correction in China, Japan, and India, which is owing to the higher prevalence of ocular diseases in the region. The aim of the partnership is to extend the brand's popularity with aspiring young customers and millennial groups. The company offers polarised prescription sunglasses mainly for protection and vision under the sun, single vision lenses which help prevent eye strain, and various other products with unique qualities. Founded in 2015, Brilliant Vision is a leader in the design, manufacture, distribution and sales of premium polarized sunglasses and eyeglasses for men, women and unisex. Queens award for enterprise International Trade, (Feb.) Became PLC London Stock Exchange, Acquired 1st proprietary brand Saville Row, Queens award for enterprise International Trade, First eyewear brand supplied to a multiple retailer, 2000 HK, 2009 USA, 2014 Scandinavia, 2017 Portugal, 2019 Italy. The increasing brand consciousness is also projected to drive the market globally. Furthermore, the company is focused on developing cutting-edge innovations and technologies to treat eye diseases and conditions. The ideal entry-level account for individual users. "The quality of research they have done for us has been excellent.". Then you can access your favorite statistics via the star in the header. This partnership aims to offer high quality products, along with unique aesthetics and powerful innovations. The global high performance computing market size reached a value of USD 44.5 billion in 2022. To become the most admired global eyewear company by delivering forward-thinking innovation, significant value and purposeful service, through high quality eyewear around the world. On the job, on the ride home, on the water, or on the town, Global Vision has you covered with superior fit, comfort and style. As a result of the implementation of remote working models and online learning due to lockdown restrictions, people spent more time on smartphones, laptops, and desktops. The global eyewear market size was USD 105.56 billion in 2020 and is projected to grow from USD 114.95 billion in 2021 to USD 172.42 billion in 2028, exhibiting a CAGR of 6.0% in the 2021-2028 period. The global eyewear market, which is made up of spectacles, contact lenses, sunglasses, and other eyewear products, was estimated to be worth around 170 billion U.S. dollars in 2022 and was. North America is expected to hold the highest share in the market. Building an eyewear solutions platform for future growth since 1988. This is attributable to the technical improvements to increase levels of comfort and durability in spectacle manufacturing. In Asia Pacific and Latin America, there is an increasing demand for contact lenses which is estimated to boost the contact lens segments growth. An increase in the geriatric population suffering from myopia and hypermetropia is anticipated to fuel the market growth. His ability to recognise value and seize opportunity saw him complete the acquisition of Killine in 2017, creating a vertically integrated Group rivalled by only a small number of eyewear firms. Safety, quality and efficiency are the key factors in its production management. The advent of 3-D printing has enabled quick and easy customization of eyeglasses. The main service of the company is tailoring. For further information review ourPrivacy Policy. Our products are sold in over 70,000 optical and retail outlets across 80 countries globally, from well-known high street chains to independent opticians. For instance, in September 2022, De Rigo Vision S.p.A launched the very first phygital eyewear style, the Crypto King$ Limited Edition, in partnership with the PHILIPP PLEIN brand. Swiss Eyewear Group's objective is to be the global eyewear company that offers a genuine alternative in the international market by offering true partnership and integrity in everything it does for retailers, distribution partners, suppliers, employees and investment partners and by offering unique eyewear brands and quality products to the . Free business intelligence platform with subscription, 4. As a global Luxury group, Kering manages the development b. She sold the business in 2015 to Global Brands Group PLC, and continued to serve as Group Managing Director until 2019. As on 2020, the company has 7,300 stores and online operates in more than 40 different countries. There is also a surge in the adoption of trendy frames in developed countries as a fashion accessory. Apple, Meta, and Twitter have all disclosed cybersecurity attacks over the past 12 months. They provide a variety of eye care solutions ranging from protection and to treatment, including disposable contact lenses. The global eyewear market size was USD 105.56 billion in 2020 and is projected to grow from USD 114.95 billion in 2021 to USD 172.42 billion in 2028, exhibiting a CAGR of 6.0% in the 2021-2028 period. (Dec.) EGO and BoDe acquired enhancing distribution, Green Product Award Winner (ONeill Wove), (Nov.) Eschenbach & Tura acquired Manufacturer and distributor, (Jul.) In his role at Aga Rangemaster Group plc, Shaun helped oversee the transformation of the business into an international brand-led manufacturer and retail group. The market includes products such as spectacles, sunglasses, and contact lenses. Privacy Policy. The high unmet demand for sunglasses in emerging nations of Latin America and Asia Pacific is projected to impact the overall growth of the market for eyewear in the forthcoming years positively. Hugo served on the Executive Board at Superdry Plc, responsible for marketing and business development, then CEO of the Frugi Group and most recently CEO of Start-Rite Shoes. For this study, Grand View Research has segmented the global eyewear market report based on product, distribution channel, and region: Product Outlook (Volume, Million Units; Revenue, USD Billion, 2018 - 2030), Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030), Regional Outlook (Volume, Million Units; Revenue, USD Billion, 2018 - 2030), b. The global eyewear market is geographically segmented into five regions namely Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Lenskart sells5000 styles of eyewear glasses and as on 2020 they have more than 500retail stores across India. For instance, according to BMC Ophthalmology, in May 2021, the volume of Retina clinic dropped by 62% because of the COVID-19 health emergency. The region is a hub for various major fashion brands, such as Gucci, Prada, TOM FORD, and Christian Dior, creating a lucrative space for the eyewear market. This limited edition will come with 1,000 phygital frames, and every pair will have its own serial number accompanied by a special box featuring a video screen. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. Read more about this report - REQUEST FREE SAMPLE COPY IN PDF. Purchase Rate of Spectacles and Sunglasses Severely Impacted by COVID-19 Pandemic. These aforementioned factors combined with the lower penetration of contact lenses in developing countries are projected to restrain the market growth in the near future. At what CAGR is the eyewear market projected to grow in the forecast period (2021-2028)? Free upgrade to enterprise license (allows to share across all company locations), 5. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! The report was very accurate and as per my requirements. During nine years at Marks and Spencer Group Plc he managed businesses across Europe and the Middle East, as well as being Chief of Staff to the CEO and subsequently Director of Property. There is also a high unmet demand for sunglasses in the countries of Latin America and the Middle East and Africa. The same trend is followed by men and also by individuals. Find out what works well at Global Eyewear from the people who know best. They create products with resources that are sustainable and have quality, based on growing trends and technological improvements. However, there is a rise in the popularity of purchasing eyeglass products through online stores and channels. Free eye check-up camps are set up in order to increase awareness among the public regarding the importance of eye exams which is another factor helping in the growth of the global eyewear market. Luxottica Group S.p.A. is heavily investing in research and development (R&D) activities and holds patents for several innovations, such as Prizm Lens technology, which enhances color and contrast for specific environments. It's designs and sources apparel and accessories, selling through a diversified network of retail, digital, wholesale, and licensing channels worldwide. The market in the Middle East and Africa is estimated to grow slowly compared to that of Asia Pacific and Latin America. Richard brings a wealth of experience from working in other leading eyewear companies, such as David Clulow and Luxottica, where he held the position of managing director (Retail Northern Europe) between 2010 and 2018. All rights reserved. Founder of one of the worlds most successful brand extension companys, Angela founded TLC (The Licensing Company Ltd) in 1996, creating a new breed of agency ready to tackle the needs of modern day retailing. Their manufacturing processes are highly automated with the use of robotics, sterilisation systems, and vision and injection moulding. For year ending Dec-2021 ESSILOR LUXOTTICA Annual Revenue was19,820Million EUR and Annual Net Income was 1,463Million EUR. Safilo Group S.p.A is an Italian eyewear company that is known for designing, producing, and supplying sunglasses, ski goggles, prescription frames, helmets, cycling helmets, and sports eyewear. Request a Free sample to learn more about this report. They are also engaging in strategic alliances to strengthen their foothold in the market. There are 3 regional headquartered offices in New York, Amsterdam, and Hong Kong. The increasing adoption of daily disposable lenses, rising mergers and acquisitions of companies, and the high demand for quality sunglasses are major trends influencing the global market. Competitive Intelligence and Benchmarking. A higher population of individuals suffering from ocular diseases is estimated to be one of the key drivers influencing the key market trends. Richards retail background increases the Boards diversity of skills, knowledge and experience. Copyright 2018-2023| Value.Today | World's Most Trusted Website | Contact Email : info@value.today, Company Rank in Netherlands in 2021 is 29, Company Rank in Netherlands in 2022 is 33, World Top Eyewear Companies by Market Value as on 2022. They are also employing bot guides to assist buyers in navigating the product choices, thus enhancing their overall experience. On a worldwide basis, there is an increase in the awareness related to ocular disorders in developing countries, which is estimated to surge the eyeglass products' acceptance. Safilo Group S.p.A. is an Italian company that designs and produces eyewear under various licensed and proprietary brands, such as Polaroid, Smith, Carrera, and Blenders. Moreover, sports eyewear and real-time try-on features available in online stores are greatly contributing to the growth of the market. Looking forward, IMARC Group expects the market value to reach US$ 222.1 Billion by 2028, growing at a CAGR of 6.9% during the forecast period (2023-2028). Premium acetate sunglasses sample for our clients. Dublin, Jan. 09, 2023 (GLOBE NEWSWIRE) -- The "Eyewear Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering. To learn the scope, benefits, companies researched, and other details . Which is the leading segment in the market? The numbers in the article are only indicative and may be different from the actual report. Furthermore, the company also provides various services, such as patient education and support, fitting of contact lenses, and after-sales support. Operating from Moreover, the increasing consumer awareness regarding the importance of eye health and regular checkups is one of the key factors driving the market growth. This Statista estimate is based on the 2030 values and the compound annual growth rate from 2022 to 2030 of 8.4%, which were provided by the source. 14 sales offices (with a 270-strong sales team across the Group) we have manufacturing bases in Vietnam, China, Italy and The ophthalmic clinics segment accounted for the lowest market revenue share owing to the lower preference of the population to purchase eyewear from clinics. Ophthalmic disorders such as presbyopia, myopia, and hypermetropia have become prevalent especially among the geriatric population which acts a major market driving factor. Johnson & Johnson Vision Care, Inc.; ESSILORLUXOTTICA; CooperVision; Carl Zeiss AG; Bausch & Lomb Inc.; Safilo Group S.p.A.; Charmant Group; Chemilens (CHEMIGLAS Corp.); CIBA VISION; De Rigo Vision S.p.A; Fielmann AG; HOYA Corporation; JINS, Inc.; Marchon Eyewear, Inc.; Marcolin S.p.A; QSpex Technologies; Rodenstock GmbH; Seiko Optical Products Co., Ltd.; Shamir Optical Industry Ltd.; Silhouette International Schmied AG; Warby Parker; Zenni Optical, Inc. Free report customization (equivalent to 8 analyst working days) with purchase. Explore purchase options. 3. An Infographic Representation of Eyewear Market, To get information on various segments, share your queries with us. Headquarters is in India. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We use cookies to enhance your experience. This site uses cookies to improve user experience. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. Rising Incidence of Eye Health Issues to Propel Market Growth. In the current scenario, people prefer using spectacles owing to the rising awareness regarding ocular diseases, combined with the increasing prevalence of vision abnormality. The growing trend of online learning, especially during the pandemic, has led to an increase in CVS cases among children, driving the adoption of anti-glare and anti-fatigue glasses. "Estimated Value of The Eyewear Market Worldwide from 2022 to 2030 (in Billion U.S. ESSILOR LUXOTTICA is Eyewear Company, Eyewear glasses wholesale distribution and retail companywith headquarters in Milan, Italy. We manufacture, distribute, design and sell high quality Sunglasses and Eyeglasses with the help of high-tech machines.We strive towards producing our customers heart desire. Norville Group Ltd acquired Lens manufacturer, (Apr.) Richard Peck has over 37 years of optical experience. In 2020, the market value stood at USD 105.56 billion. Terms & Conditions | Privacy Policy | SiteMap, This site uses cookies (including third-party cookies) to record users preferences which help us to enhance our services. Estimated value of the eyewear market worldwide from 2022 to 2030 (in billion U.S. dollars) [Graph]. Revenue of the cosmetic & beauty industry in the U.S. 2002-2022, Value of the leading global textile exporters in 2021, by country, Vegetable oils: global consumption 2013/14 to 2022/23, by oil type, Cocoa bean production worldwide 2020/2021-2022/2023, by country, World coffee per capita consumption: major consumer countries 2015, Cosmetics industry in the U.S. - statistics & facts, Research expert covering apparel industry and general merchandise, Profit from additional features with an Employee Account. Global Eyewear Market Is Expected to Expand at A CAGR of 5.6% During 2021-2027 Gradual surge in visual impairment and eye defects cases coupled with an inclination toward the latest fashion trends are the prominent factors driving the evolution of the global eyewear industry. They manufacture and deliver eye solutions including cataract lenses, eye drops, cataract treatments, and LASIK using refractive technologies, vitreoretinal surgery, and other resources. The coronavirus's geographic spread has significantly affected the sales of contact lenses, sunglasses, and prescription eyeglasses, and sunglasses. Factors such as the preference for premium eye care products, higher awareness of ocular disorders, and increasing affordability to buy expensive sunglasses are projected to drive the market in European countries, namely, Germany, France, U.K., and others. The company has focused on cutting-edge innovation and breakthrough technology, transforming the way to treat eye diseases and eye conditions. In 2018, North America. Marchon Eyewear distributes its products through a global network of subsidiaries and distributors, serving over 80,000 accounts in more than 100 countries. This market is anticipated to grow at an 8.3% Compound Annual Growth Rate (CAGR), between 2022 and 2032. Silhoutte International Schmeid AG is known for innovative eyewear of the top quality. The increasing dependence of the masses upon electronic devices has led to a rise in eyesight disorders, thereby resulting in an increased demand for spectaclesBreakup by Gender: Currently, unisex eyewear products represent the leading segment, accounting for a share of around two-thirds of the total market size. The segment is projected to maintain its dominating position at the end of the forecast period. Who are the top players in the contact lenses segment in the market? The Market is Highly Fragmented with Johnson and Johnson Services, Inc. and Alcon Holding Major Shares. online dashboard trial. Use Ask Statista Research Service. Target the right prospects with EasyBusiness; Boost and accelerate sales using ByPath; Buy your company list online with Easylist .
Mountain Spa Resort Austria,
Carlyle 850 Jump Starter Charger,
Best Telescope To See The Moon Surface,
Mobil Vactra 4 Equivalent,
Kubota L2350 Loader Lift Capacity,
Articles G