The global eyewear market size was valued at USD 147.6 billion in 2020. It is projected to expand at a compound annual growth rate (CAGR) of 8% from 2021 to 2027.
The growing popularity of fast fashion among millennials is encouraging eyewear manufacturers to design. Affordable and attractive glasses. To respond quickly to fast fashion trends and attract fashion lovers, eyewear designers regularly come up with new designs and patterns. This provides new revenue opportunities for businesses by acquiring new customers and ensuring lasting business relationships with existing customers. Eyewear suppliers are diversifying their service offerings to enhance the customer buying experience and build better business relationships.
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The major companies include:
- CooperVision (The Cooper Companies)
- GBV
- Marchon (VSP Global)
- Fielmann
- Bausch & Lomb
- Charmant
- TEK Optical Canada
Segment by Type, the Eyewear market is segmented into
- Prescription Eyewear
- Lensless Glasses
- Sunglasses
- Contact Lenses
Segment by Application, the Eyewear market is segmented into
- Childhood (0-6)
- Juvenile (7-17)
- Youth (18-40)
- Middle Aged (41-65)
- Elderly (>66)
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Scope of the Report
The research study analyzes the global Eyewear industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Eyewear Market Report
1. What was the Eyewear Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Eyewear Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Eyewear Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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