Eyewear Industry worth USD 184.03 billion by 2024 – Market Size & Share Analysis Research Report

Market Research Reports and Industry Analysis
OrbisResearch.com has published “Eyewear Market Analysis By Product (Contact Lenses, Spectacles, Plano Sunglasses) And Segment Forecasts To 2024” market report to its research database. Key market players listed in the report are Luxottica Group S.p.A, Safilo Group S.p.A, Fielmann AG, CooperVision Inc., and Bausch + Lomb Inc..

The global eyewear market size is expected to reach USD 184.03 billion by 2024, according to a new report by Grand View Research, Inc. The increase in aging population and growing acceptance of eyewear, backed by rising disposable incomes of people worldwide are expected to play an important role in market growth. Moreover, growing awareness regarding proper eye health among the consumers is projected to strengthen the growth prospects over the forecast period.

Vendors are increasingly adopting innovative distribution channels including strategies such as vertical integration for organizational growth. The internet retailing has gained increasing popularity amongst the consumers as it enables them to place online orders for eyewear at better prices as compared to the conventional brick and mortar stores.

The increasing awareness regarding refractive surgeries, such as PRK and LASIK that reduce or eliminate individual’s dependency on corrective eyeglasses is a major factor impeding the industry growth. Such procedures are being progressively made affordable for a large percentage of the population across the developing regions.

Request a sample of global eyewear market report at http://www.orbisresearch.com/contacts/request-sample/111379 .

Further key findings from the report:
Spectacles, which comprise frames and lenses, contributed to over 50% of the global eyewear market volume share in 2015 and are projected to witness stable growth owing to the high replacement rate of lenses and constantly changing prescriptions. Additionally, the introduction of progressive and high-index lenses has led to a surge in demand and is projected to continue over the next eight years.
Contact lenses contributed to over 30% of the global market volume share in 2015 and are poised for steady growth throughout the next eight years on account of the high degree of awareness among users coupled with the growing demand for the cosmetic lenses among the younger population. Moreover, the introduction of innovative easy-to-wear, cosmetic, and daily disposable lenses has positively impacted the sales of such products.
The European eyewear market was valued at close to USD 40 billion 2015 and is anticipated to witness steady growth throughout the forecast period. The presence of key eyeglasses vendors, such as Safilo Group S.p.A and Luxottica Group S.p.A in the region is anticipated to boost the regional eyeglasses sales volume in the coming years. The growth prospects for the Asia Pacific eyewear market seem very bullish owing to increase in purchasing power among consumers and wearer base expansion across the region.
Market participants are emphasizing onsupply chain integration, product innovation, and mergers and acquisitions, to gain a foothold in the industry. Establishment of an effective distribution network is the key to achieving global market expansion. The key industry participants include Luxottica Group S.p.A, Safilo Group S.p.A, Fielmann AG, CooperVision Inc., and Bausch + Lomb Inc.

Browse more reports on Eyewear Industry with Market Size and Share Analysis at

1. Global Eyewear Market 2016 Industry Trend and Forecast 2021: Key companies listed in the report are Oakley, Silhouette, Ray-Ban, Burberry, Charmant, LINDBERG, TAG Heuer, Dolce & Gabbana, Hellasdan, and Prada. Browse the report at http://www.orbisresearch.com/reports/index/global-eyewear-market-2016-industry-trend-and-forecast-2021 .

2. Global Eyewear Market Professional Survey 2016 Industry Trend and Forecast 2021: This 2016 market research report on Global Eyewear Market Professional Survey is a meticulously undertaken study. Experts with proven credentials and a high standing within the research fraternity have presented an in-depth analysis of the subject matter, bringing to bear their unparalleled domain knowledge and vast research experience. Access the full Global Eyewear Market Professional Survey research report at http://www.orbisresearch.com/reports/index/global-eyewear-market-professional-survey-2016-industry-trend-and-forecast-2021 .

3. Global and Chinese Eyewear Industry 2011-2021 Market Research Report: The ”Global and Chinese Eyewear Industry, 2011-2021 Market Research Report” is a professional and in-depth study on the current state of the global Eyewear industry with a focus on the Chinese market. The report provides key statistics on the market status of the Eyewear manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Read the full report on Global and Chinese Eyewear Industry 2011-2021 at http://www.orbisresearch.com/reports/index/global-and-chinese-eyewear-industry-2011-2021-market-research-report .

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