Eyewear-Market-Analysis

Hexa Research
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Global Eyewear Market Analysis, Size, Share, Growth, Industry
Trends and Forecast to 2020 - Hexa Research
Rise in the number of visual deficiencies and growing population are expected to drive the
eyewear market over the forecast period. Increasing awareness for regular eye examinations is
expected to fuel contact lenses and spectacles demand. Additionally, growth in disposable
income is estimated to impact the industry positively over the next six years. Wide acceptance
of laser surgeries may restrict demand for spectacles; however, it is expected to drive demand
for plano sunglasses. Growing urbanization and lifestyle changes are expected to drive the
eyewear market for the forecast period. Rise in internet trading and popularity of daily
disposable lenses are also expected to be key market drivers. Spreading awareness for
frequent eye examinations and increasing the availability of test centers in rural markets is
expected to provide new opportunities to industry participants. The global eyewear market is
expected to be USD 142.18 billion by 2020. Market participants have adopted various strategies
such as effective distribution channel and vertical integration to increase profitability.
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Product Insights
The eyewear market was 2,750.3 million units in 2012, and is estimated to exceed 3,500 million
units by 2020, growing at CAGR of 3.2% for the next six years. Key eyewear products are plano
sunglasses, spectacles and contact lenses. Contact lenses are used as an alternative to
spectacles and also for cosmetic reasons. Contact lenses can be segmented into soft and rigid
gas permeable (RGP). Soft contact lenses are easy to use and. comfortable; they allow more
oxygen to pass through the user’s cornea. RGP lenses are gradually phasing out due to
benefits offered by their alternatives. RGP lenses provide cleaner vision and higher durability,
and are primarily used for correcting corneal defects.
Spectacles lenses and frames dominated the eyewear market with over half of the total
shipments; they also contributed notably to revenue in 2012. The growth in demand for lenses is
expected to continue over the next six years. Plano sunglasses segment is expected to grow
significantly at a CAGR of 8.1% over the forecast period. Demand for high-end sunglasses is
the key factor for high revenue generation. Polarized sunglasses accounted for 20% of
shipments in 2012. CR-39 expected to remain the largest lens material segment.
Regional Insights
North America dominated eyewear demand, with over 30% of the overall market share in 2012.
Products such as sunglasses and contact lenses have high demand in the region owing to
awareness among end users. The European region dominated revenue generation, and
accounted for over 40% of the market in 2012. Asia Pacific is estimated to grow at a rapid rate
over the forecast period. The average selling prices of eyewear are comparatively lower in the
region, and it accounted for nearly 20% of the global revenue in 2012.
Table of Contents
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Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
Chapter 1 Executive Summary
1.1 Eyewear - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Eyewear Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Eyewear Value Chain Analysis
2.4 Eyewear Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Eyewear - Company Market Share Analysis
2.8 Eyewear - PESTEL Analysis
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Contact: +1-800-489-3075
Email : sales@hexaresearch.com
Website: http://www.hexaresearch.com/