According to the new report published by Industry Research Place Global Eyewear Market is valued at USD 150 Billion in 2020 and is projected to reach USD XX Billion by 2026 with the CAGR of 5.8 % over the forecast period.

This report analyses the global market for Eyewear. The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.

Consumers' proactive approach is creating opportunities for eyewear manufacturers and retailers to expand their consumer base. The stark disparity in access to advanced, affordable, and effective eye care solutions, particularly in marginalised economies, is a major impediment to the eyewear industry's long-term growth. E-commerce and online advertising are becoming increasingly popular around the world as key players aggressively implement their online marketing and promotional activities. Online marketing and promotion not only provides customers with convenient access, but also assists vendors in lowering operational costs. This factor is likely to boost eyewear sales via an online platform in the coming years.

The increasing population suffering from refractive errors, increased awareness, and the cost-effectiveness of eye care devices over refractive surgeries are driving the growth of the corrective glasses segment. Furthermore, the prevalence of myopia is higher in some Asian countries, ranging from 70 to 90 percent. Females have a higher risk of developing refractive errors than men. All of these factors are contributing to the global expansion of the corrective glasses industry. Increasing acute myopia among young consumers, as well as growing awareness about eye health, are expected to drive market growth during the forecast period. The significant increase in smartphone and computer users is exacerbating cases of computer vision syndrome (CVS), which is caused by focusing the eyes on a laptop or other display device for an extended period of time. This factor has also been influencing corrective eyewear sales in recent years.

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Major Players of the Eyewear Market
1. Alcon (Part of Novartis AG)
2. EssilorLuxottica
3. CooperVision
4. Johnson & Johnson Services, Inc.
5. Bausch Health Companies Inc.
6. Carl Zeiss
7. Fielmann AG
8. Safilo Group S.p.A
9. Others

Global Eyewear Market COVID-19 impact Analysis
This report highlights the impact of the Covid-19 pandemic on Global Eyewear Market. By combining data from a range of industry sources, as well as predictive modeling and market trend analysis, we provide an evidence-based set of projections that will allow organizations to plan their strategies more effectively. The report gives in depth analysis of short term and long term impacts of epidemic on the industry.
The COVID-19 pandemic had a negative impact on the eyewear market, but sales are expected to increase in the coming years. This is primarily due to an increase in demand for eyewear products, particularly in North America and Europe.
The COVID 19 impact assessment of Global Eyewear Market is divided into following sections:

Section1: Pre Lockdown
This part of the report looks at how market changed throughout early 2020, as the spread of COVID-19 intensified on different geographies.

Section2: During Lockdown
This part of the report collects data across the sector to know how people have responded to lockdown. It analyses the impact of the epidemic on the workforce in the industry and disruption in various regions and countries

Section3: Post Lockdown
This part of the report project what sector recovery could look like and summarizes ways in which the business landscape could shift.

A paradigm shift in the Asia-Pacific region has been observed, with consumer perception of eyewear shifting from function to fashion. Consumers in the region are purchasing eyewear as a fashion statement as a result of the region's growing economy and increasing purchasing power. China emerges as the world's leading manufacturer of spectacles, as well as the country with the largest potential consumer base. They also have the highest population rate of myopia, implying a huge opportunity for the spectacles market. Luxottica, Johnson and Johnson, Hoya Corp, and others are among the market's major players, competing on the basis of the number of in-house and licenced brands, price range, product variants of each brand, type of glasses, and other parameters.

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Market Segmentation
• Type
o Spectacles
o Sunglasses
o Contact Lens
• Distribution Channel
o Retail Store
o Online Store
o Ophthalmic Clinics

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Report Coverage
• An overview of the Global Eyewear Market
• In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
• Global Eyewear Market revenue data historic and forecast analysis (2015 to 2026)
• Characterization and quantification of the market segments for Eyewear Market
• Market share analysis of key market participants and their competitive landscape

Important Questions Answered by Global Eyewear Market Report
• What is the impact of COVID 19 epidemic on the Global Eyewear Market?
• Which is mostly affected region, country?
• Which is the current largest and fastest-growing region?
• What is the market size and growth rate of the Global Eyewear Market?
• What are current factors affecting the growth of market?
• What are Key trends and opportunity areas?
• Within Eyewear Market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment?
• What are the major strategies adopted by leading market companies?
• What are company challenges and essential success factors by market segment?
• How company offerings and supply chain capabilities are shifting to meet emerging market needs?

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