Transparency
Market Research, a global market intelligence consultancy, has
published a market study on the global eyewear market for the
2012-2018 period. The report says that the global eyewear market will
reach a valuation of US$130.0 bn by 2018, increasing from its
valuation of US$81.0 bn in 2011. The volume of the global eyewear
market was estimated at more than 2,600 million units in 2011 and
will register a CAGR of 3.7% from 2012 to 2018. The title to the
report is, “Eyewear
Market (Spectacles, Contact Lenses, Plano Sunglasses) - Global
Industry Analysis, Size, Share, Growth and Forecast 2012 – 2018”.
The increasing
number of individuals that use eyewear for vision correction is the
strongest factor driving this market. In addition, the need to
purchase new lenses due to recommended replacement cycles and changes
in lens prescription is fuelling the market’s growth.
On the basis of
product, contact lenses, spectacles, and plano sunglasses are the
main segments of the global eyewear market. Of all, spectacles
dominate the global market for eyewear. In 2011, the valuation of the
spectacles segment stood at US$63.0 bn and the segment is expected to
display extensive growth during the forecast years. An increasing
number of individuals using spectacles for vision correction is the
reason for this.
Apart from this, the
market for contact lenses is also examined in this report. The
contact lenses segment will exhibit a remarkable growth during the
forecast period due to the increasing awareness and ease of use of
these products.
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The report segments
the global eyewear market into four broad geographical regions,
namely North America, Europe, Asia Pacific, and Rest of the World.
North America was the largest regional market for eyewear in 2012,
with a share of more than 30% in the global market in the year. In
North America, the demand for contact lenses and sunglasses is on a
consistent rise, thereby stimulating the market’s development.
In terms of revenue,
in 2011, Europe held a share of close to 40% in the global market,
taking the position of the top gainer for that year, adds the report.
However, Asia Pacific is expected to display the fastest growth at a
CAGR of 9.0% for the 2012-2018 period. The high population density in
the countries in this region and increasing usage of eyewear is the
reason for this. In Asia Pacific, China and India will emerge as the
largest markets for eyewear during the forecast horizon.
The research report
provides a competitive profiling of some of the Major
Companies that operate in the
global eyewear market. CIBA Vision Inc., Johnson &Johnson Vision
Care, Safilo, Carl Zeiss, De Rigo, Vision Express. Bausch & Lomb,
Marchon Eyewear, Luxottica, CooperVision, Fielmann, Specsavers,
Essilor Int., and Hoya Corp. are the top companies that operate in
the global market. These companies have expertise in specific product
segments. Johnson & Johnson, CooperVision, CIBA vision, and
Bausch & Lomb dominate in the contact lenses product segment,
whereas Carl Zeiss and Essilor dominate the market in the spectacles
segment. Safilo and Luxottica lead the plano sunglasses market,
according to the study.
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Transparency Market
Research (TMR) is a global market intelligence company providing
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repository is continuously updated and revised by a team of research
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With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
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business reports.
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