Global Eyewear Market: Industry Analysis & Outlook ( )

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1 Industry Research by Koncept Analytics Global Eyewear Market: Industry Analysis & Outlook ( ) December 2017 Global Eyewear Market: Industry Analysis & Outlook ( ) 1

2 Executive Summary Spectacles are segmented into key categories including spectacle lenses, spectacle frames, and sunglasses. Spectacle lenses are held by spectacle frames in front of eyes acting as a vision aid to patients suffering from various visual diseases. Spectacle frames are generally made of plastic, nylon, a metal or a metal alloy. Frames can be made to hold the lenses in several different ways. Sunglasses are eyeglasses tinted visual aid featuring colored or darkened lenses to prevent bright sunlight and high-energy visible light from damaging or discomforting the eyes. Regionally, Europe is the major shareholder of the global eyewear market, owing to the increased ageing population and urbanization. However, in the coming years, Asia-Pacific eyewear market is likely to experience significant growth with increasing penetration of soft contact lenses and growing demand for colored lenses in the major countries like Japan and China. The global eyewear market is expected to grow in future with high potential vision correction opportunity, growing ageing population, growing urban population and growing middle class population. Key trends of this market includes shortening of prescription eyewear replacement cycle by region, increasing eyewear spending per capita, dominance of prescription eyewear market, increased consolidation of market players, evolving plano sunglasses market and increasing shift towards daily disposable lenses. However, there are some factors which can hinder growth of the market including growing dominance of unbranded sunglasses and growth in laser surgeries. The report Global Eyewear Market: Industry Analysis & Outlook ( ) by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering Europe, North America, Asia-Pacific along with the global market. The report profiles key players of the market including GrandVision, Luxottica, Essilor and Safilo Group. Global Eyewear Market: Industry Analysis & Outlook ( ) 2

3 Million Unit US$ Billion Growth of global eyewear market would be driven by rising urban population, ageing people, changing consumer behavior towards luxury eyewear products Global Eyewear Market Forecast by Value ( ) The global eyewear market is expected to reach US$.. billion in the year 2021, increasing from US$.. billion in the fiscal year 2017 at a CAGR of..% for the period spanning In the year 2021, global eyewear market volume is expected to reach.. million units, increasing from.. million units in 2017, recording growth at a CAGR of..% for the period spanning In year 2016, spectacles segment held the largest share of..% in global eyewear market followed by contact lenses segment with a share of..% Global Eyewear Market Forecast by Volume ( ) Global Eyewear Market Value by Product Type (2016) Contact Lenses Spectacle Lenses Spectacle Frames Sunglasses Others Global Eyewear Market: Industry Analysis & Outlook ( ) 3

4 US$ Billion US$ Billion Growth in major regional markets such as North America, Europe would be supported by growing sunglasses market, increase in online presence of key vendors.. Global Eyewear Market by Region (2016) In year 2016, Europe held the largest share of..% in global eyewear market value, followed by North America with a share of..%. In the year 2021, North America eyewear market is expected to reach US$.. billion, increasing from US$.. billion in 2016, at a CAGR of..% for the period spanning In year 2021, European eyewear market is expected to reach US$.. billion, increasing from US$.. billion in 2016, at a CAGR of..%. Europe North America Asia Pacific Latin America North America Eyewear Market Forecast by Value ( ) Europe Eyewear Market Forecast by Value ( ) Global Eyewear Market: Industry Analysis & Outlook ( ) 4

5 Contact Us: Disclaimer This is a licensed product of Koncept Analytics. You cannot reproduce, publish, distribute, publicly display, sell or create other works from this report or use them in any way for commercial purpose without our prior permission. Further, you cannot copy this material, by any means (including electronic copies), for distribution to others unless you have purchased the corporate license of this report. We believe the sources are reliable, but Koncept Analytics does not warranty the accuracy or completeness of the data. The data presented in the report is updated at the publication date but is subject to change at subsequent releases. All possible efforts have been made to ensure accuracy of data. However, investors should not completely rely on the information given in this report and must make decisions based on their own investment strategy, risk management and capital adequacy. Koncept Analytics CS-36, First Floor, Ansal Plaza Vaishali, Ghaziabad, U.P T: M: vikas@konceptanalytics.com Global Eyewear Market: Industry Analysis & Outlook ( ) 5