Eyeglasses Market to Grow by over 7% in 2020, Carl Zeiss AG and De Rigo Spa Emerge as Key Contributors to growth | Technavio

·6 min read

Technavio has been monitoring the eyeglasses market and it is poised to grow by USD 41.98 billion during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19

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Technavio has announced its latest market research report titled Global Eyeglasses Market 2020-2024 (Graphic: Business Wire)

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have an inferior impact on the eyeglasses market. The market growth in 2020 is likely to Increase compared to the market growth in 2019.

Frequently Asked Questions-

  • Based on segmentation by distribution channel, which is the leading segment in the market?

  • The offline segment is expected to be the leading segment based on distribution channel in the global market during the forecast period.

  • What are the major trends in the market?

  • Growing demand for customized and multipurpose eyeglasses is one of the major trends in the market.

  • At what rate is the market projected to grow?

  • Growing at a CAGR of over 7%, the incremental growth of the market is anticipated to be USD 41.98 billion.

  • Who are the top players in the market?

  • Carl Zeiss AG, De Rigo Spa, Dolomiti Eyewear, EssilorLuxottica, Fielmann AG, Hoya Corp., Kering SA, Marcolin Spa, Rodenstock GmbH, and Safilo Group Spa. are some of the major market participants.

  • What are the key market drivers?

  • High prevalence of vision disorders is one of the major factors driving the market.

  • How big is the Europe market?

  • The Europe region will contribute 29% of market growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Carl Zeiss AG, De Rigo Spa, Dolomiti Eyewear, EssilorLuxottica, Fielmann AG, Hoya Corp., Kering SA, Marcolin Spa, Rodenstock GmbH, and Safilo Group Spa. are some of the major market participants. The high prevalence of vision disorders will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this eyeglasses market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Eyeglasses Market 2020-2024: Segmentation

Eyeglasses Market is segmented as below:

  • Distribution Channel

    • Offline

    • Online

  • Geographic Landscape

    • APAC

    • Europe

    • MEA

    • North America

    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40043

Eyeglasses Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The eyeglasses market report covers the following areas:

  • Eyeglasses Market Size

  • Eyeglasses Market Trends

  • Eyeglasses Market Analysis

This study identifies the growing demand for customized and multipurpose eyeglasses as one of the prime reasons driving the eyeglasses market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Eyeglasses Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist eyeglasses market growth during the next five years

  • Estimation of the eyeglasses market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the eyeglasses market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of eyeglasses market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem

  • Market characteristics

  • Market segmentation analysis

  • Value chain analysis

PART 04: MARKET SIZING

  • Market definition

  • Market sizing 2019

  • Market size and forecast 2019-2024

  • Market outlook

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

  • Market segmentation by distribution channel

  • Comparison by distribution channel

  • Offline - Market size and forecast 2019-2024

  • Online - Market size and forecast 2019-2024

  • Market opportunity by distribution channel

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation

  • Geographic comparison

  • Europe - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers

  • Market challenges

PART 11: MARKET TRENDS

  • Growing demand for customized and multipurpose eyeglasses

  • Growing demand for premium eyecare, marketing initiatives, and loyalty programs

  • Expansion of distribution networks

PART 12: VENDOR LANDSCAPE

  • Overview

  • Landscape disruption

  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • Carl Zeiss AG

  • De Rigo Spa

  • Dolomiti Eyewear

  • EssilorLuxottica

  • Fielmann AG

  • Hoya Corp.

  • Kering SA

  • Marcolin Spa

  • Rodenstock GmbH

  • Safilo Group Spa

PART 14: APPENDIX

  • Research methodology

  • List of abbreviations

  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201027005749/en/

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