Global Eyewear Market worth USD 170.52 Billion by 2024

Global Eyewear Market worth USD 170.52 Billion by 2024

Pune, India, April 09, 2019 -- /360iResearch/ -- The report "Global Eyewear Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 110.37 billion in 2017 and is projected to reach USD 170.52 billion by 2024, growing at a CAGR of 6.41% from 2017 to 2024.

The major forces driving the growth of the eyewear market include the rise in the number of ophthalmic disorders leading the demand for the prescription-based eyeglasses and changing lifestyle, growing preferences of luxury and branded sunglasses, electronic devices causing strain on eyes, and technological advancements. Moreover, introduction of low cost and disposable lenses awareness and adoption of vision correction procedures and surgeries such as lasik and prk and collaboration between different institutions to mitigate vision disorder in rural areas are also some of the factors that are driving the market growth. However certain factors such as the growing acceptance of refractive surgeries may hinder the market growth. In the middle of difficulty lies opportunity such as the personalization of eyewear products and services. The possible challenges for the market growth is price differentiation in the sales of unbranded frames and illegal novelty contact lenses. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on lens material, the global eyewear market is studied across Glass, Plastic, and Polycarbonate. Based on type, the global eyewear market is studied across Contact Lenses, Protective Eyewear, Spectacles, and Sunglasses. Based on distribution channel, the global eyewear market is studied across Offline Stores, and Online Stores. Based on end user, the global eyewear market is studied across Men, Unisex, and Women. Based on geography, the global eyewear market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the eyewear market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are CIBA VISION, Carl Zeiss A.G., Charmant Group, CooperVision Inc., De Rigo Vision S.p.A., Essilor International, Fielmann A.G., Luxottica Group S.p.A, Marchon Eyewear, Maui Jim, Inc., Pivothead, and Safilo Group S.p.A.,.

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