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The global eyewear market is driven by the high prevalence of eyesight disorders and increase in demand for discretionary eyewear. Approximately 75% of the population in APAC and 35% in Europe have some form of myopia or hyperopia. Changing dietary habits and increased amounts of time spent playing video games, watching television, and in front of computers at work can affect eyesight. In developed markets such as the US, Germany, the UK, France, Italy, Spain, and Japan, the consumption of discretionary items is increasing because of the availability of a wide variety of styles, colors, and features in products, and the influence of celebrity styles.

Based on the product offerings of the major global eyewear retail players, the products in the market can be categorized into three: eyeglasses, sunglasses, and contact lenses. Eyeglasses can be categorized into the following sub-segments: frames and lenses.

Technavio's analysts forecast the global eyewear market to grow at a CAGR of 7.18% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global eyewear market for 2016-2020. To calculate the market size, the report considers revenue generated from the retail sales of the following eyewear products:

-Eyeglasses

-Sunglasses

-Contact lenses

The market is divided into the following segments based on geography:

-APAC

-Europe

-North America

-ROW

Technavio's report, Global Eyewear Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors

-Alcon

-Essilor

-Johnson & Johnson Vision Care

-Luxottica

-Safilo

Other prominent...