Country-Niche Players and Regional Players constitute ~60% and ~35% respectively Despite the Presence of about ~500 Competitors, find a Recent Market Study on Global Eyewear Market
Global demand and supply for various types of eyewear are rising as a result of greater awareness of these products. A good market growth rate is being caused by the increasing accessibility of a wide variety of eyeglasses through both online and offline forms of distribution.
Ken Research shares 3 key insights on this high-opportunity market from its latest research study.
Large Global Players Hold Around 40% of the Market Share Followed by Regional Players Holding ~35%
A comprehensive competitive analysis conducted during the Research Study found that the Global Eyewear Market is competitive with ~500 players which include globally diversified players, and regional players, as well as a large number of country-niche players.
According to the research, the Large Global Players held the dominant position in the market in 2021, in terms of the market share with about ~40% followed by regional players which account for ~35% of the market share. The global players in this market are highly focused on implementing advanced technologies to manufacture their lenses and optics. These players also indulge in partnering with local manufacturers for a stronger and more efficient distribution network.
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Players are Increasingly Investing in the Eyewear Industry which is Promoting the Market Growth.
Encouraged by the rising consumer demand for their products, eyewear manufacturers concentrate on creating stylish and reasonably priced eyewear. To quickly respond to current fashion trends and draw in fashion fans, they are releasing fresh designs and patterns. The key market players' ongoing efforts to win new clients and keep hold of existing ones are having a favorable impact on market statistics.
Not just key players but also emerging players are expanding in the Eyewear industry and are also investing in strategies like collaborations and technological development to compete in the industry.
- In January 2022, the eyewear retailer Lenskart opened 73 locations across 46 cities and 19 states in India. The majority of the 73 stores that were opened were in Kerala, Tamil Nadu, Karnataka, and Telangana. Along with various other states, the company also opened stores in Assam, Bihar, West Bengal, Jammu & Kashmir, Himachal Pradesh, Chhattisgarh, Gujarat, and Punjab.
- In December 2021, Smith imprint 3D technology was introduced by Safilo Group to handle a variety of facial shapes and features without using a one-size-fits-all approach to sports apparel.
Increased Adoption of Eyewear in Various Parts of the World leading to Major Industry-Wide Developments, Acquisitions, and Deal-Wins
- In May 2022, Mojo Vision announced the launch of smart contact lenses for its real-world testing with a variety of features, including the world's tiniest and densest 14,000 pixels per inch MicroLED display at just 0.5 millimeters (mm) in diameter and a pixel-pitch of only 1.8 microns. It aids in continuous eye tracking using specially designed accelerometers, gyroscopes, and magnetometers with an eye-controlled interface, which guarantees a 10 times improvement for creating an eye-controlled user interface.
In May 2022, after a decade of launching "Google Glass," Alphabet Inc. developed smart eyeglasses, a wearable computing device, to translate between different languages in real-time utilizing the most recent advancements in artificial intelligence (AI). The audience was shown a prototype of this at the Google I/O developer conference. Compared to the first Google Glass, which allowed users to record what they saw, this device is more dissimilar from a regular pair of glasses. The translations involved in English, Mandarin, American Sign Language, and Spanish can be seen on new devices.
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Key Topics Covered in the Report
- Snapshot of the Global Eyewear Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Eyewear Market
- Historic Growth of the Overall Global Eyewear Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Eyewear Market
- Overview, Product Offerings, and SWOT Analysis of Key Competitors
- COVID-19 Impact on the Overall Global Eyewear Market
- Future Market Forecast and Growth Rates of the Total Global Eyewear Market and by Segments
- Market Size of Product/ End User Segments with Historical CAGR and Future Forecasts
- Analysis of the Eyewear Market in Major Regions
- Major Production / Consumption Hubs in the Major Regions
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Country
Major Players Mentioned in the report
- Johnson & Johnson Vision Care, Inc.
- EssilorLuxottica
- Bausch & Lomb Inc.
- CooperVision
- Carl Zeiss AG.
- CIBA VISION
- Safilo Group S.p.A.
- De Rigo Vision S.p.A
- Fielmann AG
- Marcolin SpA.
- HOYA Corporation.
Notable Emerging Companies Mentioned in the Report
- Allure Eyewear L.L.C.
- Eyeking, LLC
- Optical Express Ltd.
- Norville Optical
- Pearle Vision
- Mister Spex
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Spectacles Manufacturers
- Lenses Manufacturers
- Sunglasses Manufacturers
- Spectacles Frame Manufacturers
- Spectacles Frame Designers
- Sunglasses Frame Designers
- Health and Medical Authorities
- Environmental Protection Authorities
- Investors interested in Healthcare Industry
- Eyewear Exporters
- Optical Engineering Companies
- Lens Designer Companies
- Eyewear Brands Distributors
- Eyecare Research Institutes
- Government Ministries and Departments of Healthcare
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
For More Information on the Research Report, refer to below links: –
Global Eyewear Market: Ken Research
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