Portland, OR -- (SBWire) -- 12/20/2017 --Eyewear market is a device used for correction of vision or protection from harmful UV lights. It is an umbrella term for spectacles, lenses, and sunglasses. The global market is driven by factors such as increased life span of individuals, increase in geriatric population, and change in fashion trends. The emerging economies, such as India and China pose lucrative growth opportunities for market players. The global eyewear market is registering a CAGR of 10.6% from 2017 to 2025.
Based on type of product, the market is divided into prescription sunglasses, glasses/spectacles, and contact lenses. According to end-user industry, it is categorized into men and women. By mode of sale, it is classified into retail stores and online stores. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
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Market Dynamics:
Drivers:
The declining mortality rate in most of the countries, worldwide, has led to upsurge in geriatric population. This geriatric population is prone to eye disorders such as cataract and glaucoma
The emerging economies of Asia-Pacific region such as China and India, offer tremendous potential for growth to eyewear manufacturer, due to the large population base and increase in disposable income.
Restraints:
Increase in rate of eye surgeries and laser surgeries across the globe is anticipated to hamper the growth of the eyewear industry.
Market Players:
The top players in the eyewear market include Abengoa Solar S.A., Acciona Energia S.A., Wuxi Suntech Power Co. Ltd., Bright Source Energy Inc., Esolar Inc., Gintech Energy Corp, Kaneka Corp, Sunpower Corporation, Canadian Solar Inc., and Tata Power Solar.
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MARKET LANDSCAPE
By Mode of Sale
Online Stores
Retail Stores
By Product
Sunglasses
Prescription Glasses/Spectacles
Contact lenses
By End User
Men
Women
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
Rest of Europe
Asia-Pacific
India
China
Japan
Rest of Asia-Pacific
LAMEA
Brazil
South Arabia
South Africa
Rest of LAMEA
