Eyewear Market - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018

Transparency Market Research

Eyewear Market - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018

Published Date 11-April-2013

90 Page Report

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Global Eyewear Market is Expected to Reach USD 130 Billion in 2018: Transparency Market Research

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Eyewear Market

REPORT DESCRIPTION

Eyewear Market - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018 According to a new market report published by Transparency Market Research "Eyewear Market (Spectacles, Contact Lenses, Plano Sunglasses) - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018," the demand for eyewear products was over 2,600 million units in 2011, and is expected to grow at a CAGR of 3.7% from 2012 to 2018. In terms of revenue, the market was valued at approximately USD 81 billion in 2011 and is expected to reach USD 130 billion by 2018. Browse the full Report at http://www.transparencymarketresearch.com/eyewear-market.html High degree of market penetration of corrective eyewear such as spectacles/eyeglasses is primarily responsible for the burgeoning demand for these products. The increasing number of individuals requiring prescription eyewear is also a major driving force for the growth of this market. Expansion of the wearer base can be mainly attributed to children requiring vision correction at an early age due to lifestyle changes, and the rapidly increasing aging population which requires progressive lenses. However, increasing awareness and acceptance of corrective or refractive surgeries to eliminate the use of corrective eyewear is expected to inhibit market growth over the next five years. Spectacles (spectacle lenses and spectacle frames) are the largest product segment of eyewear in terms of demand and...