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Global Spectacle Market By Parts (Lens and Frames), By Distribution Channel (Online and Offline), By Region, Industry Analysis and Forecast, 2020 - 2026

  • ID: 5241376
  • Report
  • January 2021
  • Region: Global
  • 133 pages
  • Marqual IT Solutions Pvt. Ltd (KBV Research)

FEATURED COMPANIES

  • Carl Zeiss AG
  • Hoya Corporation
  • Jand, Inc. (Warby Parker)
  • MODO
  • Novartis AG (Ciba Vision)
  • Zenni Optical, Inc.
The Global Spectacle Market size is expected to reach $102.7 billion by 2026, rising at a market growth of 7% CAGR during the forecast period. Eyewear includes accessories that are used for eyes either to protect them from debris or for vision correction, harmful radiations or extreme light. Eyewear comprises of spectacles, sunglasses, and lenses used for vision correction or to save the eyes from dust particles. Factors like expanding life span, rising geriatric population, and shifting fashion trends have promoted the demand for spectacle across the globe. In the current scenario, eyewear is not only used for vision correction, but also for improving one’s appearance. Several market players are providing innovative spectacles and lenses. This is credited to the availability of lightweight materials and technological developments.

An increase in demand for prescribed contact lenses and spectacles due to age-related impairment like presbyopia will boost the global spectacle market. As per the WHO report in 2018, more than 1.3 billion people are already suffering from some or other form of visual impairment in the world, of which around 188.5 million are vulnerable to distance vision, and about 217 million have moderate to severe visual impairment, and approximately 826 million people suffer from near vision impairment. The modern healthcare systems and better life expectancy will increase the geriatric population, thereby impacting the market outlook positively.

Commoditization of the eyewear industry, the impact of entertainment and media personalities, and the inclination towards fashionable spectacles are the factors boosting the product demand. Increasing fashion consciousness among millennials along with the availability of a varied range of trendy spectacles is expected to boost the market. Increasing demand for plastic frames due to their enhanced durability and easy repairing, is expected to push the market growth.



By Parts

Based on Parts, the market is segmented into Lens and Frames. The frame segment is likely to show the highest CAGR from the year 2020 to 2026. Regular replacement of sight frames is anticipated to boost the growth of the segment. In addition to this, increasing adoption of fiber frames due to their durability is likely to further increase the demand. Furthermore, the introduction of fashionable products united with increasing fashion consciousness among consumers is likely to drive the growth of the segment.



By Distribution Channel

Based on Distribution Channel, the market is segmented into Online and Offline. In 2019, the offline distribution channel garnered the largest market share. Growing demand for handy eyewear is likely to contribute to the growing number of retail stores. Offline stores such as specialty stores and optical shops offer customization, personal assistance, and convenience to the consumers, which in turn will push the segment growth. These stores also provide complete eye check-ups for the consumers to select the correct eyeglasses. Moreover, they offer easy exchange and repair services for lens and frames, which ultimately saves customers money and time.

By Region

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America acquired the largest market share in 2019. The increasing occurrence of vision impairment that is affected by the augmented use of laptops, computers, smartphones, and other gadgets is expected to boost regional product demand. Factors including a rise in the old age population and occurrence of presbyopia are likely to boost the regional market for spectacles. Asia Pacific is the fastest-growing market of spectacles. Rising inclinations for labelled products along with product accessibility at lesser costs is fuelling the development of business.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include EssilorLuxottica SA (Essilor Instruments USA), Johnson and Johnson (Johnson and Johnson Vision Care, Inc.), Novartis AG (Ciba Vision), Carl Zeiss AG, Zenni Optical, Inc., Jand, Inc. (Warby Parker), Lenskart Solutions Pvt. Ltd., Hoya Corporation, MODO and Titan Group Limited (Tata Group).

Strategies deployed in Spectacles Market

Nov-2020: Hoya Group Optics Division announced its partnership with Dispelix, a designer and fabless manufacturer of mass-manufacturable diffractive waveguide displays and display modules. The partnership was aimed to provide the highest quality waveguide displays for form factor, image quality, and clarity for the AR & MR wearables market.

Sep-2020: EssilorLuxottica collaborated with Facebook, Inc., an American Technology Company. The collaboration was aimed to develop the next generation of smart glasses. The collaboration combined Facebook apps and technologies, Luxottica’s category leadership and iconic brands, and Essilor’s advanced lens technology for helping people stay better connected to their friends and family.

May-2020: Zenni unveiled a new fashion collection with lauded designer Cynthia Rowley, “Zenni x Cynthia Rowley”. This includes fresh styles of Blokz blue light-blocking glasses and ready-to-wear sunglasses.

Jun-2019: Zeiss in collaboration with STEPPER Eyewear Ltd., introduced the new Zeiss Eyewear Signature Collection. Its eight models stand for premium frames that reflect the current trends, especially in terms of their design and materials.

May-2019: Zenni Optical announced the launch of its 3D Virtual Try-On feature. This feature provides customers a true-to-life preview of Zenni glasses on their face using a state-of-the-art facial analysis tool. Zenni Virtual Try-On feature was developed in partnership with technology company, DITTO. It enabled consumers to use their mobile device or computer camera for capturing a short five-second video that includes a 3D 180-degree scan of their face.

Jan-2018: Titan Eyewear invested ₹30 crore in its manufacturing plant in Bengaluru. The expansion aimed to produce frames and also aimed to launch satellite manufacturing labs for speeding up the delivery.

Jan-2017: Carl Zeiss came into partnership with Apple, a technology company. The partnership was signed for new augmented reality (AR) smart glasses.

Sep-2016: Hoya Vision Care together with Materialise NV and Hoet Design Studio launched the world’s first vision-centric 3D-tailored eyewear, Yuniku. Yuniku enables individualized lens and frame design, with a sophisticated end-to-end digital supply chain that transformed the eyewear industry.

Scope of the Study

Market Segments covered in the Report:

By Parts
  • Lens
  • Frames
By Distribution Channel
  • Online
  • Offline
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
Companies Profiled
  • EssilorLuxottica SA (Essilor Instruments USA)
  • Johnson and Johnson (Johnson and Johnson Vision Care, Inc.)
  • Novartis AG (Ciba Vision)
  • Carl Zeiss AG
  • Zenni Optical, Inc.
  • Jand, Inc. (Warby Parker)
  • Lenskart Solutions Pvt. Ltd.
  • Hoya Corporation
  • MODO
  • Titan Group Limited (Tata Group)
Unique Offerings from the Publisher
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Carl Zeiss AG
  • Hoya Corporation
  • Jand, Inc. (Warby Parker)
  • MODO
  • Novartis AG (Ciba Vision)
  • Zenni Optical, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Spectacle Market, by Parts
1.4.2 Global Spectacle Market, by Distribution Channel
1.4.3 Global Spectacle Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Global Spectacle Market by Parts
3.1 Global Lens Spectacle Market by Region
3.2 Global Frames Spectacle Market by Region

Chapter 4. Global Spectacle Market by Distribution Channel
4.1 Global Online Market by Region
4.2 Global Offline Market by Region

Chapter 5. Global Spectacle Market by Region
5.1 North America Spectacle Market
5.1.1 North America Spectacle Market by Parts
5.1.1.1 North America Lens Spectacle Market by Country
5.1.1.2 North America Frames Spectacle Market by Country
5.1.2 North America Spectacle Market by Distribution Channel
5.1.2.1 North America Online Market by Country
5.1.2.2 North America Offline Market by Country
5.1.3 North America Spectacle Market by Country
5.1.3.1 US Spectacle Market
5.1.3.1.1 US Spectacle Market by Parts
5.1.3.1.2 US Spectacle Market by Distribution Channel
5.1.3.2 Canada Spectacle Market
5.1.3.2.1 Canada Spectacle Market by Parts
5.1.3.2.2 Canada Spectacle Market by Distribution Channel
5.1.3.3 Mexico Spectacle Market
5.1.3.3.1 Mexico Spectacle Market by Parts
5.1.3.3.2 Mexico Spectacle Market by Distribution Channel
5.1.3.4 Rest of North America Spectacle Market
5.1.3.4.1 Rest of North America Spectacle Market by Parts
5.1.3.4.2 Rest of North America Spectacle Market by Distribution Channel
5.2 Europe Spectacle Market
5.2.1 Europe Spectacle Market by Parts
5.2.1.1 Europe Lens Spectacle Market by Country
5.2.1.2 Europe Frames Spectacle Market by Country
5.2.2 Europe Spectacle Market by Distribution Channel
5.2.2.1 Europe Online Market by Country
5.2.2.2 Europe Offline Market by Country
5.2.3 Europe Spectacle Market by Country
5.2.3.1 Germany Spectacle Market
5.2.3.1.1 Germany Spectacle Market by Parts
5.2.3.1.2 Germany Spectacle Market by Distribution Channel
5.2.3.2 UK Spectacle Market
5.2.3.2.1 UK Spectacle Market by Parts
5.2.3.2.2 UK Spectacle Market by Distribution Channel
5.2.3.3 France Spectacle Market
5.2.3.3.1 France Spectacle Market by Parts
5.2.3.3.2 France Spectacle Market by Distribution Channel
5.2.3.4 Russia Spectacle Market
5.2.3.4.1 Russia Spectacle Market by Parts
5.2.3.4.2 Russia Spectacle Market by Distribution Channel
5.2.3.5 Spain Spectacle Market
5.2.3.5.1 Spain Spectacle Market by Parts
5.2.3.5.2 Spain Spectacle Market by Distribution Channel
5.2.3.6 Italy Spectacle Market
5.2.3.6.1 Italy Spectacle Market by Parts
5.2.3.6.2 Italy Spectacle Market by Distribution Channel
5.2.3.7 Rest of Europe Spectacle Market
5.2.3.7.1 Rest of Europe Spectacle Market by Parts
5.2.3.7.2 Rest of Europe Spectacle Market by Distribution Channel
5.3 Asia Pacific Spectacle Market
5.3.1 Asia Pacific Spectacle Market by Parts
5.3.1.1 Asia Pacific Lens Spectacle Market by Country
5.3.1.2 Asia Pacific Frames Spectacle Market by Country
5.3.2 Asia Pacific Spectacle Market by Distribution Channel
5.3.2.1 Asia Pacific Online Market by Country
5.3.2.2 Asia Pacific Offline Market by Country
5.3.3 Asia Pacific Spectacle Market by Country
5.3.3.1 China Spectacle Market
5.3.3.1.1 China Spectacle Market by Parts
5.3.3.1.2 China Spectacle Market by Distribution Channel
5.3.3.2 Japan Spectacle Market
5.3.3.2.1 Japan Spectacle Market by Parts
5.3.3.2.2 Japan Spectacle Market by Distribution Channel
5.3.3.3 India Spectacle Market
5.3.3.3.1 India Spectacle Market by Parts
5.3.3.3.2 India Spectacle Market by Distribution Channel
5.3.3.4 South Korea Spectacle Market
5.3.3.4.1 South Korea Spectacle Market by Parts
5.3.3.4.2 South Korea Spectacle Market by Distribution Channel
5.3.3.5 Singapore Spectacle Market
5.3.3.5.1 Singapore Spectacle Market by Parts
5.3.3.5.2 Singapore Spectacle Market by Distribution Channel
5.3.3.6 Malaysia Spectacle Market
5.3.3.6.1 Malaysia Spectacle Market by Parts
5.3.3.6.2 Malaysia Spectacle Market by Distribution Channel
5.3.3.7 Rest of Asia Pacific Spectacle Market
5.3.3.7.1 Rest of Asia Pacific Spectacle Market by Parts
5.3.3.7.2 Rest of Asia Pacific Spectacle Market by Distribution Channel
5.4 LAMEA Spectacle Market
5.4.1 LAMEA Spectacle Market by Parts
5.4.1.1 LAMEA Lens Spectacle Market by Country
5.4.1.2 LAMEA Frames Spectacle Market by Country
5.4.2 LAMEA Spectacle Market by Distribution Channel
5.4.2.1 LAMEA Online Market by Country
5.4.2.2 LAMEA Offline Market by Country
5.4.3 LAMEA Spectacle Market by Country
5.4.3.1 Brazil Spectacle Market
5.4.3.1.1 Brazil Spectacle Market by Parts
5.4.3.1.2 Brazil Spectacle Market by Distribution Channel
5.4.3.2 Argentina Spectacle Market
5.4.3.2.1 Argentina Spectacle Market by Parts
5.4.3.2.2 Argentina Spectacle Market by Distribution Channel
5.4.3.3 UAE Spectacle Market
5.4.3.3.1 UAE Spectacle Market by Parts
5.4.3.3.2 UAE Spectacle Market by Distribution Channel
5.4.3.4 Saudi Arabia Spectacle Market
5.4.3.4.1 Saudi Arabia Spectacle Market by Parts
5.4.3.4.2 Saudi Arabia Spectacle Market by Distribution Channel
5.4.3.5 South Africa Spectacle Market
5.4.3.5.1 South Africa Spectacle Market by Parts
5.4.3.5.2 South Africa Spectacle Market by Distribution Channel
5.4.3.6 Nigeria Spectacle Market
5.4.3.6.1 Nigeria Spectacle Market by Parts
5.4.3.6.2 Nigeria Spectacle Market by Distribution Channel
5.4.3.7 Rest of LAMEA Spectacle Market
5.4.3.7.1 Rest of LAMEA Spectacle Market by Parts
5.4.3.7.2 Rest of LAMEA Spectacle Market by Distribution Channel

Chapter 6. Company Profiles
6.1 EssilorLuxottica SA (Essilor Instruments USA)
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental &Regional Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Partnerships, Collaborations, and Agreements:
6.2 Johnson and Johnson (Johnson and Johnson Vision Care, Inc.)
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental &Regional Analysis
6.2.4 Research & Development Expenses
6.3 Novartis AG (Ciba Vision)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.4 Carl Zeiss AG
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental Analysis
6.4.4 Research & Development Expense
6.4.5 Recent strategies and developments:
6.4.5.1 Partnerships, Collaborations, and Agreements:
6.5 Zenni Optical, Inc.
6.5.1 Company Overview
6.5.2 Recent strategies and developments:
6.5.2.1 Product Launches and Product Expansions:
6.6 Jand, Inc. (Warby Parker)
6.6.1 Company Overview
6.7 Lenskart Solutions Pvt. Ltd.
6.7.1 Company Overview
6.8 Hoya Corporation
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.8.5 Recent strategies and developments:
6.8.5.1 Partnerships, Collaborations, and Agreements:
6.9 MODO
6.9.1 Company Overview
6.10. Titan Group Limited (Tata Group)
6.10.1 Company Overview
6.10.2 Recent strategies and developments:
6.10.2.1 Geographical Expansions:
Note: Product cover images may vary from those shown
  • EssilorLuxottica SA (Essilor Instruments USA)
  • Johnson and Johnson (Johnson and Johnson Vision Care, Inc.)
  • Novartis AG (Ciba Vision)
  • Carl Zeiss AG
  • Zenni Optical, Inc.
  • Jand, Inc. (Warby Parker)
  • Lenskart Solutions Pvt. Ltd.
  • Hoya Corporation
  • MODO
  • Titan Group Limited (Tata Group)
Note: Product cover images may vary from those shown

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