Eyewear Market Size Forecast to Reach Usd 165 Billion by 2022: Global Market Insight, Inc.

Eyewear Market Size is projected to reach USD 165 Billion by 2022, as per a new research report by Global Market Insights, Inc. Growing visual inaccuracies coupled with increased awareness regarding vision correction is expected to provide a fillip to eyewear market growth.

Browse In-depth Research Report on Global Eyewear Market with detailed charts and figures: https://www.gminsights.com/industry-analysis/eyewear-market

While spectacles remain the dominant mode of correction, contact lenses are expected to witness growth on account of benefits such as aesthetic appeal and growing availability of modalities.

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Increased corrective surgeries and prescription contact lenses demand is expected to favorably impact plano sunglasses market growth. Spectacle lenses shipments and revenue is estimated to benefit from replacement demand as well as growing global preference for high quality lenses. Rising incidences of ophthalmic disorders as well as aging population are also considerable factors fueling eyewear market size.

High-end sunglasses are expected to be the key revenue contributor to the non-corrective segment, since these products retail at high prices. The plano sunglasses ecosystem is characterized with high focus on establishing a profitable distribution channel, with industry giant Luxottica practicing vertical integration along its supply chain.

Key insights from the report include:

• Global eyewear market size was 2.88 Billion units in 2014, which is expected to reach 3.77 Billion units by 2022, at a CAGR of 3.5% over the forecast period. Pricing varies widely on the basis of product, with spectacles and plano sunglasses dominating eyewear market share in term of revenue.

• Polarized sunglasses market is expected to grow faster than the overall average, driven by increased awareness among consumers. CR-39 and polycarbonate are expected to...