Eyewear Market by Product Type (Prescription Glasses/Spectacles, Sunglasses, Contact Lenses), End User (Men, Women), Mode of Sale (Retail, Online) - Global Opportunity Analysis and Industry Forecast, 2014 - 2020

  • ID: 3934612
  • Report
  • Region: Global
  • 113 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Carl Zeiss AG
  • Cooper Companies, Inc.
  • Essilor International S.A
  • Fielmann Ag
  • GrandVision
  • Johnson & Johnson, Inc.
  • MORE
Eyewear comprises spectacles, lenses and sunglasses worn for the purpose of vision correction or to protect eyes from harmful UV lights and dust particles. Factors such as increasing life span, growing geriatric population and changing fashion trends have fostered the demand for eyewear. Nowadays, consumers wear eyewear not only for vision correction, but also to enhance ones appearance. Changing fashion trends and increasing transition from spectacles to contact lenses have fostered the market growth. Numerous market players are launching innovative spectacles and lenses owing to the technological advancements and availability of lightweight materials.

Eyewear is worn by both men and women, with men segment constituting a dominant share of the market. The women eyewear segment is expected to register a higher growth owing to increase in the number of working women and evolving fashion trends. The different types of eyewear products include spectacles, sunglasses and contact lenses. Among the three mentioned above, prescription glasses/spectacle segment dominates the global eyewear market.

As eyewear is a touch & feel product, individuals prefer retail stores for purchasing eyewear over the online channel. The retail mode of sale segment accounted for 89.7% share of the global eyewear market. However, the online stores are gaining popularity, and would register a significantly higher CAGR in comparison with the retail stores over the forecast period.

The world eyewear market is segmented based on product type, end user, mode of sale and geography. The product type includes prescription glasses/spectacles, sunglasses and contact lenses. End user segment comprises men and women. Whereas, online stores and retail stores are included in mode of sale segment. The report provides an in-depth analysis of the world eyewear market based on the key geographic regions, which include North America, Europe, Asia-Pacific and LAMEA (Latin America, Middle East and Africa). In 2014, North America was the largest revenue-generating region in the world eyewear market.

KEY BENEFITS:

Comprehensive analysis of the current and future trends in the world eyewear market have been provided in this report
This report provides information regarding key drivers, restraints and opportunities along with impact analysis during 2015–2020
Porters Five Forces Model and SWOT analysis of the industry illustrate the potency of the buyers and suppliers, participating in the market
Quantitative analysis of the current scenario and the estimation during the period of 2014–2020 are provided to highlight the financial appetency of the market
This report provides a detailed analysis of the world eyewear market with respect to product type, end user, mode of sale and geography to enable stakeholders to take appropriate investment decisions
Value chain analysis in the report provides a clear understanding on the role of stakeholders involved in the value chain process
Prominent companies in the market have adopted various growth strategies, such as acquisition and product launch, to sustain the intense market competition. In 2015, Johnson & Johnson Vision Care, Inc. launched a new contact lens with tear infused design. Johnson & Johnson’s ACUVUE OASYS Brand Contact Lenses 1-Day with HydraLuxe technology provides comfort and clear vision throughout the day. The key companies profiled in the report, include Carl Zeiss AG, Essilor International S.A., GrandVision, Johnson & Johnson, Inc., Safilo Group S.p.A., Prada S.p.A., Luxottica Group S.p.A., Valeant Pharmaceuticals, Cooper Companies, Inc., and Fielmann AG.

MARKET SEGMENTATION:

The world eyewear market is segmented based on product type, end user, mode of sale and Geography:

Market by Product Type:

Prescription glasses/Spectacles
Sunglasses
Contact Lenses
Market by Mode of Sale:
Retail Stores
Online Stores

Market

BY END USER:

Men
Women

Geography:

North America
Europe
Asia-Pacific
LAMEA
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Carl Zeiss AG
  • Cooper Companies, Inc.
  • Essilor International S.A
  • Fielmann Ag
  • GrandVision
  • Johnson & Johnson, Inc.
  • MORE
Chapter: 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

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Chapter: 2 MARKET OVERVIEW
2.1 Executive summary
2.2 CXO perspective

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Chapter: 3 MARKET OVERVIEW
3.3 Market definition and scope
3.4 Key findings

3.4.1 Top impacting factors
3.4.2 Top investment pockets
3.4.3 Top winning strategies

3.5 Porters five forces analysis

3.5.1 Large number of renowned market players, increases the bargaining power of buyers
3.5.2 Limited number of quality raw material suppliers, increases the bargaining power of suppliers
3.5.3 Presence of well-established market players, results in reduced threat of new entrants
3.5.4 Unavailability of substitutes, results in negligible threat from substitutes
3.5.5 Fierce competition in the world eyewear market, leads to high rivalry among competitors

3.6 Value chain analysis
3.7 Market share analysis, 2014
3.8 Market dynamics

3.8.1 Drivers

3.8.1.1 Growing visual deficiency and eye defects
3.8.1.2 Collaboration between different institutions to mitigate vision disorder in rural areas
3.8.1.3 Rising living standards and growing fashion trends
3.8.1.4 Ageing population

3.8.2 Restraints

3.8.2.1 Acceptance of laser surgeries

3.8.3 Opportunities

3.8.3.1 Demand for different variety of eyewear

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Chapter: 4 WORLD EYEWEAR MARKET BY PRODUCT TYPE
4.1 Prescription glasses/Spectacles

4.1.1 Key market trends
4.1.2 Competitive scenario
4.1.3 Key growth factors and opportunities
4.1.4 Market size and forecast

4.2 Contact Lenses

4.2.1 Key market trends
4.2.2 Competitive scenario
4.2.3 Key growth factors and opportunities
4.2.4 Market size and forecast

4.3 Sunglasses

4.3.1 Key market trends
4.3.2 Competitive scenario
4.3.3 Key growth factors and opportunities
4.3.4 Market size and forecast

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Chapter: 5 WORLD EYEWEAR MARKET BY MODE OF SALE
5.1 Retail stores

5.1.1 Key market trends
5.1.2 Competitive scenario
5.1.3 Key growth factors and opportunities
5.1.4 Market size and forecast

5.2 Online stores

5.2.1 Key market trends
5.2.2 Competitive scenario
5.2.3 Key growth factors and opportunities
5.2.4 Market size and forecast

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Chapter: 6 WORLD EYEWEAR MARKET BY END USER
6.1 Men

6.1.1 Key market trends
6.1.2 Competitive scenario
6.1.3 Key growth factors and opportunities
6.1.4 Market size and forecast

6.2 Women

6.2.1 Key market trends
6.2.2 Competitive scenario
6.2.3 Key growth factors and opportunities
6.2.4 Market size and forecast

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Chapter: 7 WORLD EYEWEAR MARKET BY GEOGRAPHY
7.1 North America

7.1.1 Key market trends
7.1.2 Competitive scenario
7.1.3 Key growth factors and opportunities
7.1.4 Market size and forecast

7.2 Europe

7.2.1 Key market trends
7.2.2 Competitive scenario
7.2.3 Key growth factors and opportunities
7.2.4 Market size and forecast

7.3 Asia-Pacific

7.3.1 Key market trends
7.3.2 Competitive scenario
7.3.3 Key growth factors and opportunities
7.3.4 Market size and forecast

7.4 LAMEA

7.4.1 Key market trends
7.4.2 Competitive scenario
7.4.3 Key growth factors and opportunities
7.4.4 Market size and forecast

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Chapter: 8 COMPANY PROFILE
8.1 Carl Zeiss AG

8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Business performance
8.1.4 Key strategies and developments
8.1.5 SWOT analysis and strategic conclusion of Carl Zeiss AG

8.2 Essilor International S.A.

8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Business performance
8.2.4 Key strategies and developments
8.2.5 SWOT analysis and strategic conclusion of Essilor International S.A.

8.3 GrandVision

8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Business performance
8.3.4 Key strategies and developments
8.3.5 SWOT analysis and strategic conclusion of GrandVision

8.4 Johnson & Johnson, Inc.

8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Business performance
8.4.4 Key strategies and developments
8.4.5 SWOT analysis and strategic conclusion of Johnson & Johnson, Inc.

8.5 Safilo Group S.p.A

8.5.1 Company overview
8.5.2 Business Performance
8.5.3 Key strategies and developments
8.5.4 SWOT analysis and strategic conclusion of Safilo Group S.p.A

8.6 Prada S.p.A

8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Business performance
8.6.4 Key Strategies and Developments
8.6.5 SWOT analysis and strategic conclusion of Prada S.P.A

8.7 Luxottica Group S.p.A

8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Business performance
8.7.4 Key strategies and developments
8.7.5 SWOT analysis and strategic conclusion of Luxottica Group S.p.A

8.8 Valeant Pharmaceuticals International, Inc.

8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Business performance
8.8.4 Key strategies and developments
8.8.5 SWOT analysis and strategic conclusion of Valeant Pharmaceuticals International, Inc.

8.9 Cooper Companies, Inc.

8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Business performance
8.9.4 Key Strategies and Developments
8.9.5 SWOT analysis and strategic conclusion of Cooper Companies, Inc.

8.10 Fielmann AG

8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Business Performance
8.10.4 Key strategies and developments
8.10.5 SWOT analysis and strategic conclusion of Fielmann AG
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Carl Zeiss AG
  • Cooper Companies, Inc.
  • Essilor International S.A
  • Fielmann Ag
  • GrandVision
  • Johnson & Johnson, Inc.
  • MORE
According to a new report by Allied Market Research titled, "Eyewear Market - Global Opportunity Analysis and Industry Forecast, 2014 - 2020", the market is expected to generate revenue of $141.3 billion by 2020, registering a CAGR of 8.1% during 2015 - 2020. In 2014, North America was the highest revenue-generating region, accounting for 40.6% share of the overall eyewear market. In the same year, prescription glasses/spectacles held a lions share in the product type category. The women eyewear segment is anticipated to grow significantly, registering a CAGR of 8.7% during the forecast period.

Based on product type, the global eyewear market is categorized into prescription glasses/spectacles, sunglasses and contact lenses. In 2014, the prescription glasses/spectacle segment dominated the eyewear market, contributing approximately 3/5th of the overall eyewear market revenue. The sunglasses segment accounted for 25.7% share and is estimated to grow at a CAGR of 9.1% during the forecast period. This growth is attributed to increased awareness among consumers about the harmful effects of UV rays on eyes. In addition, growing inclination of consumers towards latest fashion trends has fostered the growth of the sunglasses segment. However, the contact lenses segment is anticipated to grow rapidly, registering a CAGR of 12.0% during 2015-2020.

Being a touch & feel product, consumers prefer retail stores for purchasing eyewear, especially spectacles and sunglasses. Based on mode of sale, retail stores accounted for a significant market share in 2014. Some of the prominent companies have focused on establishing retail outlets in the emerging economies to expand their geographical presence and increase their customer base. Online platforms, have exhibited a robust growth, owing to ease of accessibility and availability of a wide range of products at a competitive price. The online mode of sale segment is expected to grow at a CAGR of 14.1% during the forecast period.

Based on end users, the market is segmented into men and women. The men segment accounted for 53.6% share of the eyewear market. However, the women eyewear segment is expected to grow at a faster rate, owing to the increased number of female working population and their growing interest in trendy eyewear products. New products are being launched by market players to cater to the fashion-conscious female consumers and to increase their market share.

Key Findings of Eyewear Market:

The eyewear market is expected to exhibit notable growth during the forecast period due to growing aging population, changing lifestyle and increasing vision impairment
In 2014, sunglasses segment accounted for 25.7% share of the overall eyewear market, owing to their increasing popularity
Men eyewear is the highest revenue-generating segment in the end user segment of eyewear market
The online store segment would register a higher growth in comparison with the retail stores, with an anticipated CAGR of 14.1% during the forecast period
Asia-Pacific region would be one of the most profitable markets during the forecast period, registering a CAGR of 13.5% during 2015 - 2020
Product launch and acquisition are the key growth strategies adopted by market players to increase their market share and expand their customer base. Essilor International S.A. collaborated with CNRS (the French National Centre of Scientific Research) for scientific research project to enable knowledge-sharing and develop innovative products like cosmetic and disposable contact lenses. The key companies profiled in the report, include Carl Zeiss AG, Essilor International S.A., GrandVision, Johnson & Johnson, Inc., Safilo Group S.p.A., Prada S.p.A., Luxottica Group S.p.A., Valeant Pharmaceuticals, Cooper Companies, Inc., and Fielmann AG.
Note: Product cover images may vary from those shown
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Carl Zeiss AG
Essilor International S.A
GrandVision
Johnson & Johnson, Inc.
Safilo Group S.P.A
Prada S.P.A
Luxottica Group S.P.A
Valeant Pharmaceuticals International, Inc.
Cooper Companies, Inc.
Fielmann Ag
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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