Global Eyewear Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Competitive Scenario and Forecasts, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Global Eyewear Market Size, Market Share, Application

Analysis, Regional Outlook, Growth Trends, Competitive

Scenario And Forecasts, 2012 To 2020

Industry Insights

Rise in the number of visual deficiencies and growing population are expected to drive the eyewear

market over the forecast period. Increasing awareness for regular eye examinations is expected to fuel

contact lenses and spectacles demand. Additionally, growth in disposable income is estimated to impact

the industry positively over the next six years.

Wide acceptance of laser surgeries may restrict demand for spectacles; however, it is expected to drive

demand for plano sunglasses. Growing urbanization and lifestyle changes are expected to drive the

eyewear market for the forecast period. Rise in internet trading and popularity of daily disposable lenses

are also expected to be key market drivers.

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Spreading awareness for frequent eye examinations and increasing the availability of test centers in

rural markets is expected to provide new opportunities to industry participants. The global eyewear

Hexa Research Inc.

Industry Research,Custom Research & Consulting

market is expected to be USD 142.18 billion by 2020. Market participants have adopted various

strategies such as effective distribution channel and vertical integration to increase profitability.

Product Insights

The eyewear market was 2,750.3 million units in 2012, and is estimated to exceed 3,500 million units by

2020, growing at CAGR of 3.2% for the next six years. Key eyewear products are plano sunglasses,

spectacles and contact lenses. Contact lenses are used as an alternative to spectacles and also for

cosmetic reasons.

Contact lenses can be segmented into soft and rigid gas permeable (RGP). Soft contact lenses are easy to

use and. comfortable; they...