Eyewear Market grow by USD 57.69 billion through 2024|Impacts of Drivers and Challenges|Technavio

NEW YORK, May 26, 2021 /PRNewswire/ — The eyewear market is set to grow by USD 57.69 billion, progressing at…

NEW YORK, May 26, 2021 /PRNewswire/ — The eyewear market is set to grow by USD 57.69 billion, progressing at a CAGR of almost 8% during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bausch Health Companies Inc, Carl Zeiss AG, De Rigo Vision Spa, EssilorLuxottica, Fielmann AG, Hoya Corp, Kering SA, Marcolin Spa, Rodenstock GmbH, and Safilo Group Spa are some of the major market participants. The increasing prevalence of vision disorder will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

Eyewear Market 2020-2024: Segmentation

Eyewear Market is segmented as below:

  • Product
    • Eyeglass
    • Sunglass
    • Contact Lenses
  • Geographic Landscape
    • APAC
    • Europe
    • The Middle East and Africa
    • North America
    • South America

Know more about Techanavio’s analysis on the impact of Disruption Threats comparing Disruptive sources and Factors driving disruption:

https://www.technavio.com/talk-to-us?report=IRTNTR41065

Eyewear Market 2020-2024: Vendor Analysis and Scope

To help businesses improve their market position, the eyewear market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Bausch Health Companies Inc, Carl Zeiss AG, De Rigo Vision Spa, EssilorLuxottica, Fielmann AG, Hoya Corp, Kering SA, Marcolin Spa, Rodenstock GmbH, and Safilo Group Spa.

The report also covers the following areas:

  • Eyewear Market size
  • Eyewear Market trends
  • Eyewear Market industry analysis

The increasing prevalence of vision disorder is likely to emerge as one of the primary drivers of the market. However, the growing adoption of refractive eye surgery may threaten the growth of the market.

Backed with competitive intelligence and benchmarking, our research reports on the eyewear market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.

Eyewear Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist eyewear market growth during the next five years
  • Estimation of the eyewear market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the eyewear market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of eyewear market vendors

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Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019- 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • Eyeglass – Market size and forecast 2019-2024
  • Sunglass – Market size and forecast 2019-2024
  • Contact lenses – Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Bausch Health Companies Inc.
  • Carl Zeiss AG
  • De Rigo Vision Spa
  • EssilorLuxottica
  • Fielmann AG
  • Hoya Corp.
  • Kering SA
  • Marcolin Spa
  • Rodenstock GmbH
  • Safilo Group Spa

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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