The
demand for eyewear products was over 2,600 million units in 2011, and
is expected to grow at a CAGR of 3.7% from 2012 to 2018. In terms of
revenue, the market was valued at approximately USD 81 billion in
2011 and is expected to reach USD 130 billion by 2018.
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the full report at Eyewear Market
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High
degree of market penetration of corrective eyewear such as
spectacles/eyeglasses is primarily responsible for the burgeoning
demand for these products. The increasing number of individuals
requiring prescription eyewear is also a major driving force for the
growth of this market. Expansion of the wearer base can be mainly
attributed to children requiring vision correction at an early age
due to lifestyle changes, and the rapidly increasing aging population
which requires progressive lenses. However, increasing awareness and
acceptance of corrective or refractive surgeries to eliminate the use
of corrective eyewear is expected to inhibit market growth over the
next five years.
Spectacles
(spectacle lenses and spectacle frames) are the largest product
segment of eyewear in terms of demand and revenue, and were valued at
over USD 63 billion in 2011. Contact lenses are another major eyewear
product, and are expected to enjoy increasing consumer demand.
However, this is not expected to translate into high revenues owing
to the relatively lower retail prices of contact lenses compared to
other eyewear products.
North
America was the market leader in eyewear, and accounted for over 30%
of the global market share in 2011. Asia Pacific, particularly China
and India, with its dense population and high degree of eyewear
penetration, is expected to be the fastest growing market in terms of
revenue over the forecast period, and the industry is expected to
grow at a CAGR of 9.0% from 2012 to 2018 in this geography.
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The
global market is moderately consolidated and is characterized by the
presence of a significant unorganized sector, especially on a
regional level. The contact lens and plano sunglasses industries are
expected to witness an increase in market share over the next few
years. This study incorporates an extensive company share analysis,
as well as comprehensive profiles of key market players such as
Luxottica, Safilo, Johnson & Johnson, Bausch & Lomb, Hoya
Corporation, Essilor, and so on.
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all Press Releases:
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The
report estimates the global eyewear market in terms of volumes
(million units) and revenue (USD million) from 2011 to 2018. Each
geographical segment is analyzed on the basis of the type of product
from 2011 to 2018, both in terms of volumes and revenues. The study
includes detailed analysis for each market segment which would assist
in making effective strategic decisions. The report segments the
global eyewear market as:
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all Article :
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Eyewear
Market, by Product Type:
Spectacles
Spectacle
lenses
Spectacle
frames
Contact
Lenses
Plano
Sunglasses
Eyewear
Market, by Geography:
North
America
Europe
Asia
Pacific
Rest
of the World (RoW)
Eyewear
Market, by Distribution Channel:
Retail
outlets
Healthcare
service providers
Online
portals
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all Consumer Goods Market Research Reports@
http://www.transparencymarketresearch.com/consumer-goods-market-reports-7.html
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