The Global Eyewear Industry shall experience a CAGR of almost 7.40% from 2022 to 2030. Propelled by the Growing young population as well as older populace and eye protection all through outdoor activities including sports and driving.
Renub Research recently published a report titled "Global Eyewear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030". The report offers a comprehensive industry analysis that covers market share insights, competitor and regional research, and the latest advancements in the eyewear market.
The worldwide eyewear market might be worth US$ 223.22 billion with the aid of 2030, as per Renub Research
The eyewear enterprise is growing due to rising awareness of eye health and improved eye accidents. Over 2.5 million eye injuries arise annually, ensuing in 50,000 people experiencing permanent imaginative and prescient loss. This has caused a surge in demand for prescription glasses, shades, and speak to lenses. The use of digital gadgets has also brought about imaginative and prescient problems, creating a need for eyewear tailor-made to virtual devices.
The eyewear industry's growth is fueled by an ageing population much more likely to require vision correction, consisting of prescription glasses or touch lenses. According to analyze from the Health Policy Institute, 18% of people elderly 65 and above have visible impairments, in comparison to most effective 6% of those below 65.
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Eyewear has end up a style assertion reflecting individuality, way to new technology. Titan EyeX clever glasses, released by India's luxurious organization Titan in January 2022, characteristic advanced open-ear audio structures, touch controls, and fitness monitoring. These glasses are Bluetooth v5.2 well matched with Android and iOS smartphones and are immune to water and dust.
The sunglasses eyewear market is developing due to growing UV and eye safety demand all through outdoor activities
Sunglasses are gaining popularity due to increased awareness about UV rays, fashion trends, and eye safety during outdoor activities. Celebrity endorsements and e-commerce have boosted the global eyewear market. Office workers are increasingly incorporating sports and fitness activities into their lifestyle, increasing demand for sports accessories, including sports sunglasses.
Offline shops dominate the eyewear industry because consumers need to select exclusive frames and sizes to locate the proper healthy
Offline sales dominate the eyewear industry due to prescription requirements, brand familiarity, and limited online options. Offline stores offer more merchandise options and in-store experts to guide consumers. However, the online eyewear market has grown significantly in recent years, providing convenience, accessibility, and various options for consumers. Online stores often offer affordable prices, promotional offers, and hassle-free return policies. The eyewear market is rapidly growing as more consumers shift towards online purchasing.
Top Eyewear Companies: https://www.renub.com/top-eyewear-companies-nd.php
The fashion closer to gender-impartial fashion is riding the increase of unisex eyewear designs
The text discusses the increasing demand for versatile and inclusive eyewear for males and females. With the rise of e-commerce, consumers can easily buy unisex eyewear online. Fashion, health, features, and brands influence women's eyewear buying habits. They prefer to buy a diverse range of eyewear for different purposes like casual wear, formal events, or sports activities. This trend is driving the growth of the eyewear market in the coming years.
Europe has hegemony in the international eyewear market
Europe has a rich history in eyewear production, while Asia's eyewear market is booming due to increased disposable income and a higher demand for fashionable eyewear products and eye health protection. The industry provides exciting opportunities for manufacturers and retailers as it constantly evolves to meet consumer demands.
Key Player
The eyewear marketplace is dominated by several leading players, including Burberry Group, Tesco, Essilor Luxottica, Carl Zeiss Group, Hoya Corporation, Prada, Louis Vuitton, and Cooper Vision.
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Market Summary:
- The report covers the global eyewear market from four viewpoints: product type, mode of sales, end-user, and region.
- Product type is divided into spectacles, sunglasses, and contact lenses.
- The mode of sales is categorized into two viewpoints: online and offline.
- The report analyzes the global eyewear market by end-users, which consists of men, women, and unisex.
- The market is divided into four regions: Asia-Pacific, North America, Europe, and ROW.
- The major players in the global eyewear market, including Burberry Group, Essilor Luxottica, Carl Zeiss Group, Hoya Corporation, Prada, Louis Vuitton, Tesco, and Cooper Vision, are covered in the report from three viewpoints: overview, recent developments, and revenue.
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