![]() ![]() North America acquired the largest market share in 2019. Spending more time on screen on various digital gadgetsīased on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling Spectacle Market Report Coverage Report Attribute Moreover, they offer easy exchange and repair services for lens and frames, which ultimately saves customers money and time. These stores also provide complete eye check-ups for the consumers to select the correct eyeglasses. 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. Growing demand for handy eyewear is likely to contribute to the growing number of retail stores. In 2019, the offline distribution channel garnered the largest market share. Furthermore, the introduction of fashionable products united with increasing fashion consciousness among consumers is likely to drive the growth of the segment.īased on Distribution Channel, the market is segmented into Online and Offline. In addition to this, increasing adoption of fiber frames due to their durability is likely to further increase the demand. ![]() Regular replacement of sight frames is anticipated to boost the growth of the segment. The frame segment is likely to show the highest CAGR from the year 2020 to 2026. Increasing demand for plastic frames due to their enhanced durability and easy repairing, is expected to push the market growth.īased on Parts, the market is segmented into Lens and Frames. Increasing fashion consciousness among millennials along with the availability of a varied range of trendy spectacles is expected to boost the market. The modern healthcare systems and better life expectancy will increase the geriatric population, thereby impacting the market outlook positively.Ĭommoditization of the eyewear industry, the impact of entertainment and media personalities, and the inclination towards fashionable spectacles are the factors boosting the product demand. 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. This is credited to the availability of lightweight materials and technological developments.Īn increase in demand for prescribed contact lenses and spectacles due to age-related impairment like presbyopia will boost the global spectacle market. ![]() Several market players are providing innovative spectacles and lenses. In the current scenario, eyewear is not only used for vision correction, but also for improving one’s appearance. Factors like expanding life span, rising geriatric population, and shifting fashion trends have promoted the demand for spectacle across the globe. Eyewear comprises of spectacles, sunglasses, and lenses used for vision correction or to save the eyes from dust particles. Eyewear includes accessories that are used for eyes either to protect them from debris or for vision correction, harmful radiations or extreme light. 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.
0 Comments
Leave a Reply. |