RnRMarketResearch.com includes Global Eyewear Market 2016-2020 a new research reports in its store. The analysts forecast global eyewear market to grow at a CAGR of 7.18% during the period 2016-2020.
Complete eyewear market report is available at http://www.rnrmarketresearch.com/global-eyewear-market-2016-2020-market-report.html .
A key trend which is contributing to market growth is the use of eyewear as fashion products. Eyewear designers are increasingly focusing on the development of eyeglasses and sunglasses in new styles, sizes, colors, and designs. Consumers can now choose products depending on the occasion, such as office wear, casual wear, party wear, and beachwear. Prescription sunglasses have gained immense popularity, with many consumers maintaining two pairs of glasses for daily use: one pair of regular prescription eyeglasses and one pair of prescription sunglasses.
According to the report, a key growth driver is the increasing prevalence of sight disorders. The high prevalence of vision disorders today may be attributed to factors such as changing dietary habits, and more time spent playing video games, watching television, and in front of computers at work and at home. 75% of people in APAC, and 35% each in Europe and the US, suffer from some form of myopia or hyperopia. Approximately 5,000 cataract operations are carried out per million people every year worldwide; cataracts are one of the leading causes of blindness in the world.
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The report, Global Eyewear Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The global eyewear market is driven by the high prevalence of eyesight disorders and increase in demand for discretionary eyewear. Approximately 75% of the population in APAC and 35% in Europe have some form of myopia or hyperopia. Changing dietary habits and increased amounts of time spent playing video games, watching television, and in front of computers at work can affect eyesight. In developed markets such as the US, Germany, the UK, France, Italy, Spain, and Japan, the consumption of discretionary items is increasing because of the availability of a wide variety of styles, colors, and features in products, and the influence of celebrity styles.
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The report covers the present scenario and the growth prospects of the global eyewear market for 2016-2020. To calculate the market size, the report considers revenue generated from the retail sales of the following eyewear products: Eyeglasses, Sunglasses, Contact lenses
Key players in the global eyewear market: Alcon, Essilor, Johnson & Johnson Vision Care, Luxottica, and Safilo. Other Prominent Vendors in the market are: Alexander McQueen, Charmant, CIBA Vision, CooperVision, De Rigo Vision, Fielmann, Lanvin, Marchon Eyewear, Marcolin Eyewear, Maui Jim, Michael Kors, Pivothead, Prada, Revo, Specsavers Optical, Tag Heuer, Vision Express, and Walmart.
Further, the report states that one challenge that could restrict market growth is the rise in adoption of refractive eye surgery.
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