Global Eyewear Market To Cross US$ 150 Billion By 2021 - Erie News Now | WICU & WSEE in Erie, PA

Global Eyewear Market To Cross US$ 150 Billion By 2021

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The global eyewear market is projected to reach around US$ 150 billion by 2021. It will register a compound annual growth rate (CAGR) of 3% during the forecast period of 2015-2021. The rapid growth of the global eyewear market is due to high demand for sunglasses triggered by improved standards of life and sabotaged weather conditions. Increasing cases of refractive errors is another factor boosting the demand for spectacles.

Europe was the largest eyewear market followed by North America in 2015. The trend will remain same throughout the forecast period. However, Asia Pacific is the fastest-growing market. This is due to the improved lifestyle fueled by growing urbanization, high demand for eyewear products such as corrective eyewear, increased usage of silicon hydrogel, and growing aging population. The market is not above its restrains; price differentiation between branded and unbranded eyewear products, sale of illegal novelty contact lenses, and the challenging local conditions in various countries.

The global eyewear market is segmented based on its product types and region. By product type, the market has been segmented into spectacles, spectacles frames, spectacles lenses, contact lenses, plano sunglasses, polarized sunglasses, non polarized sunglasses, cr-39 sunglasses, polycarbonate sunglasses, polyurethane sunglasses, others. The regional segments are North America, Europe, Asia Pacific, and Rest of the World (RoW).

A glimpse of the report structure is provided in the report description available on the website.

https://www.marketresearchengine.com/reportdetails/eyewear-market

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Luxottica Group SpA, Bausch & Lomb, Carl Zeiss, Charmant Group, CIBA Vision, CooperVision, De Rigo SpA, Essilor, Fielmann AG, Hoya Corporation, Johnson & Johnson, Marchon Eyewear, Marcolin Eyewear, Rodenstock, Safilo Group SpA, Seiko Corporation, Shamir. A detailed competitive landscape of these companies is provided with company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The deep-dive study on the global eyewear market will help customers with identifications of new market opportunities and targeted promotional plans. It also facilitates decision making on the basis of strong historic and forecast of eyewear industry and unit capacity data. The report provides global market trends, with data from 2013, estimates for 2014 and 2015, and projections of CAGRs through 2022. An in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments is given. Qualitative impact of various factors on market segments and regions is also discussed in the report.

 

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Email: john@marketresearchengine.com

Phone: +1-855-984-1862

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Website: https://www.marketresearchengine.com/

 

Source: http://www.financeswire.com/global-eyewear-market-to-cross-us-150-billion-by-2021

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