Eyeglasses Business Report 2024: Upgrades and Multiple Purchases in Developed Markets & Premiumization Trend and Affordable Luxury Aids Market Growth - Forecast to 2030 - ResearchAndMarkets.com

The "Eyeglasses - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Eyeglasses is estimated at US$157.1 Billion in 2023 and is projected to reach US$234.4 Billion by 2030, growing at a CAGR of 5.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the eyeglasses market is driven by several factors, including the rising prevalence of vision impairments, increased awareness of eye health, technological innovations, and changing fashion trends. Globally, the increasing incidence of refractive errors due to genetic factors and lifestyle changes, such as prolonged exposure to computer screens, necessitates the use of corrective eyewear. Advances in eyeglass technology that enhance functionality and wearer experience also contribute to market expansion. Furthermore, eyeglasses have transcended their primary function of vision correction to become key fashion accessories, with new designs and materials continuously enriching consumer choices.

The growing elderly population, which typically suffers from age-related optical issues, also significantly propels the demand for eyewear. Additionally, the expanding accessibility and affordability of eyewear, through both physical retail and e-commerce channels, ensures that a broader demographic can benefit from these products, further driving market growth. These multifaceted drivers highlight the dynamic nature of the eyeglasses industry and its capacity to adapt to both health-related and consumer lifestyle shifts.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Eyeglasses Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Eyeglasses Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Lenses segment, which is expected to reach US$91.0 Billion by 2030 with a CAGR of a 5.6%. The Frames segment is also set to grow at 6.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $43.7 Billion in 2023, and China, forecasted to grow at an impressive 8.2% CAGR to reach $27.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Alcon Vision LLC, AO Eyewear, Apollo Eyewear, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Attributes:

MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Eyeglasses: An Introduction
• Product Overview
• Lenses
• Frames
• Sunglasses
• Eye Health Awareness: A Critical Factor to Growth
• Outlook
• Prevalence of Visual Impairments Fuels Demand for Eyeglasses
• Vision Facts, Figures and Opportunities
• Percentage People with Unaddressed Presbyopia by Region
• Analysis by Geographic Region
• Analysis by Product Segment
• Eyeglasses Continue to Face Strong Competition from Contact Lenses
• Competitive Landscape
• Recent Market Activity
• Eyeglasses - Global Key Competitors Percentage Market Share in 2024 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

• Popular Eyewear Trends for 2024
• Rise in Myopia Rate to Benefit Demand for Eyeglasses
• Increased Screen Usage Among Children and Growing Risk of Myopia to Drive Gains for Eyewear Market
• Digital Device Usage Among Kids, Tweens and Teens
• Rise in Presbyopes Drives Demand for Progressive Eye Glasses
• Increase in Digital Time Peaks the Demand for Protective Clear Glasses
• 3D Printing Brings in Personalization of Eyeglasses
• Advancements in Frame and Lens Technologies to Aid in Betterment of Healthcare Provision
• Innovations in Reading Glasses
• Smart Glasses: An Undeniable Win Over Other Hands Free Technologies
• Global % Share Breakdown of Wearable AR Devices in the Market by Form Factor
• Select Recent Smart Glass Introductions/Innovations
• HD Glasses Designed for a Sharper Vision
• Designer Eyewear: A Hit with the Hip Crowd
• Celebrity On-Screen, Off-Screen Endorsements Drive Acceptance of Fashionable Eyewear
• Innovation: Name of the Game for Industry Players
• Online Exams for Vision: A New Route to Widen Reach
• Sports Eyewear Market: Growing Need to Protect Vision of Sportspersons to Fuel Demand
• Sunglasses Segment Continues to Add "Volume" for Eyeglasses Market
• Innovative Designs and Innovations to Boost Sunglasses Market
• Changing Lifestyle Drives Market for Sunglasses
• Eye Protection Needs Fuel Demand for Plano Sunglasses
• Popular-Priced Sunglasses Score Over Premium Category
• Growing Popularity of Replica Sunglasses
• Travel-Retail Sales of Sunglasses Continue to Grow
• Customized Corrective Lenses Grow In Popularity
• Premium Lens Market: On the Rise
• Progressive Lenses Gain in Popularity
• Demand for Lightweight Frames on the Rise
• Manufacturers Unfurl Exciting and Contemporary Frames & Lenses for Seniors
• Growing Consumer Preference for Refractive Surgical Procedures Looms Ominously Over the Eyewear Market
• Distribution Dynamics
• Online Retail Growth and Digitization Trends in Eyewear industry
• Accelerating Prescription Renewal, Promoting Multiple Pair Purchase Vital for Stimulating Sales Growth
• Upgrades and Multiple Purchases Fuel Growth in Developed Markets
• Premiumization Trend and Affordable Luxury Aid Market Growth

MACRO GROWTH DRIVERS

• Favorable Demographic Trends Indicate Strong Market Potential
• Aging Population to Drive Demand for Vision Corrective Eyewear
• Expanding Middle Class Population in Developing Countries Accelerate Growth Prospects
• Generation Z: An Important Demographic for Market Growth
• Number of Hours Spent on Mobile Phones by Generation Z, Millennials, Generation X Across Select Countries

FOCUS ON SELECT PLAYERS (Total 488 Featured)

• Alcon Vision LLC
• AO Eyewear
• Apollo Eyewear
• Bausch Health Companies, Inc.
• Carl Zeiss AG
• CooperVision
• Fielmann AG
• Hoya Corporation
• Safilo Group SpA
• ZheJiang East Optical Technology

For more information about this report visit https://www.researchandmarkets.com/r/49m5ih

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