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Published Date: 2013-04-11Number of Pages: 90

Eyewear Market (Spectacles, Contact Lenses, Plano Sunglasses) - Global Industry Analysis, Size, Share, Growth and Forecast 2012 - 2018

Any product worn on or over the eye can be termed as eyewear. It encompasses three major product types: spectacles, contact lenses, and plano sunglasses. The rapidly increasing wearer base, with a growing percentage of presbyopes is the strongest driving force for the growth of the eyewear market. In addition, the high renewal rate of lenses due to frequent replacement cycles and changes in lens prescriptions is expected to fuel the market over the forecast period. 

 

The increasing number of refractive surgeries such as LASIK (Laser assisted in-situ keratomileusis) in order to reduce or eliminate the individual’s dependency on prescription corrective eyewear is a major factor inhibiting the eyewear market. These procedures are becoming progressively more affordable for a large percentage of the population. Additionally, there is a higher degree of awareness regarding these surgeries, which is expected to act as a restraint on market growth. However, refractive surgeries are still unaffordable for many consumers, particularly in developing nations. 

 

Increase in disposable income is another factor that is expected to aid in the growth and development of the eyewear industry. Players in the market are attempting to target the mid-priced segment in order to increase their customer base. The premium priced high-end segment enjoys steady popularity in developed regions such as North America, but does not experience high demand in developing geographies. 

 

The supply chain for eyewear includes participants starting from those involved in raw material production until the final point of sale. These consist of raw material manufacturers, eyewear product manufacturers, distributors, and retailers; possible intermediaries include healthcare providers, involved in the dispensing of corrective eyewear. 

 

The global eyewear market has been segmented on the basis of product types, major geographies, and distribution channels. North America is the largest contributor to the market in terms of demand, closely followed by the Asia Pacific region. Some of the major players in the eyewear market are Johnson & Johnson, Luxottica, Safilo, CooperVision, Bausch & Lomb, Essilor, and Hoya among others.

 

global-eyewear-market-by-product-type-2011-2018

 

Chapter 1 Preface 

1.1 Research Description

1.2 Research Methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Market Overview

3.1 Introduction

3.2 Value chain analysis

3.3 Market Drivers

      3.3.1 Wearer base expansion

      3.3.2 High renewal rate of lenses

      3.3.3 Increasing disposable income

3.4 Market Restraints

      3.4.1 Increasing refractive surgeries

3.5 Market Opportunities

      3.5.1 Large population with uncorrected vision

      3.5.2 Unaffordable/Unavailable testing

3.6 Porter’s Five Forces Analysis

      3.6.1 Bargaining Power of Suppliers

      3.6.2 Bargaining Power of Buyers

      3.6.3 Threat of New Entrants

      3.6.4 Threat from Substitutes

      3.6.5 Degree of Competition

3.7 Eyewear: market attractiveness analysis

3.8 Eyewear: company market share analysis

 

Chapter 4 Eyewear Market, By Product Type

4.1 Global Eyewear Market: product overview

      4.1.1 Global eyewear market volume share, by product type, 2011 – 2018, (million units) 

4.2 Eyewear Market, By Product Type

      4.2.1 Spectacles

              4.2.1.1 Spectacle Lenses

                         4.2.1.1.1 Global spectacle lenses market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

              4.2.1.2 Spectacle Frames

                         4.2.1.2.1 Global spectacle frames market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

      4.2.2 Contact Lenses

               4.2.2.1 Soft contact lenses vs. Rigid contact lenses

               4.2.2.2 Global contact lenses market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

      4.2.3 Plano Sunglasses

               4.2.3.1 Global plano sunglasses market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

 

Chapter 5 Eyewear Market, By Geography

5.1 Global Eyewear market: geographical overview

      5.1.1 Eyewear volume share, by geography, 2011 – 2018, (million units) 

5.2 North America

      5.2.1 North America eyewear market, 2011 – 2018, (USD Million) (million units) 

      5.2.2 North America eyewear market by product type, 2011 – 2018

               5.2.2.1 North America spectacle lenses market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

               5.2.2.2 North America spectacle frames market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

               5.2.2.3 North America contact lenses market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

               5.2.2.4 North America plano sunglasses market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

5.3 Europe

      5.3.1 Europe eyewear market, 2011 – 2018, (USD Million) (million units) 

      5.3.2 Europe eyewear market by product type, 2011 – 2018

               5.3.2.1 Europe spectacle lenses market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

               5.3.2.2 Europe spectacle frames market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

               5.3.2.3 Europe contact lenses market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

               5.3.2.4 Europe plano sunglasses market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

5.4 APAC

      5.4.1 APAC eyewear market, 2011 – 2018, (USD Million) (million units) 

      5.4.2 APAC eyewear market by product type, 2011 – 2018

               5.4.2.1 APAC spectacle lenses market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

               5.4.2.2 APAC spectacle frames market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

               5.4.2.3 APAC contact lenses market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

               5.4.2.4 APAC plano sunglasses market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

5.5 RoW

      5.5.1 RoW eyewear market, 2011 – 2018, (USD Million) (million units) 

      5.5.2 RoW mobile wallet market by product type, 2011 – 2018

               5.5.2.1 RoW spectacle lenses market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

               5.5.2.2 RoW spectacle frames market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

               5.5.2.3 RoW contact lenses market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

               5.5.2.4 RoW plano sunglasses market, volumes and revenues, 2011 – 2018, (USD Million) (million units) 

 

Chapter 6 Eyewear Market, By Distribution Channel

6.1 Retail Outlets

6.2 Healthcare Service Providers

6.3 Online Portals

 

Chapter 7 Company Profiles

7.1 Luxottica Group S.p.A

       7.1.1 Company overview

       7.1.2 Financial Overview

       7.1.3 Business strategy

       7.1.4 SWOT analysis

       7.1.5 Recent developments

7.2 Safilo Group

       7.2.1 Company overview

       7.2.2 Financial overview

       7.2.3 Business strategy

       7.2.4 SWOT analysis

       7.2.5 Recent developments

7.3 Essilor International

       7.3.1 Company overview

       7.3.2 Financial overview

       7.3.3 Business strategy

       7.3.4 SWOT analysis

       7.3.5 Recent developments

7.4 Johnson & Johnson Vision Care

       7.4.1 Company overview

       7.4.2 Financial overview68

       7.4.3 Business strategy68

       7.4.4 SWOT analysis

       7.4.5 Recent developments

7.5 Carl Zeiss AG

       7.5.1 Company overview

       7.5.2 Financial overview

       7.5.3 Business strategy

       7.5.4 SWOT analysis

       7.5.5 Recent developments

7.6 CooperVision

       7.6.1 Company overview

       7.6.2 Financial overview

       7.6.3 Business strategy

       7.6.4 SWOT analysis

       7.6.5 Recent developments

7.7 Bausch & Lomb

       7.7.1 Company overview

       7.7.2 Business strategy

       7.7.3 SWOT analysis

       7.7.4 Recent developments

7.8 Marchon Eyewear

       7.8.1 Company overview

       7.8.2 Financial overview

       7.8.3 Business strategy

       7.8.4 SWOT analysis

       7.8.5 Recent developments

7.9 Fielmann AG

       7.9.1 Company overview

       7.9.2 Financial overview

       7.9.3 Business strategies

       7.9.4 SWOT analysis

       7.9.5 Recent developments

7.10 De Rigo S.p.A

       7.10.1 Company overview

       7.10.2 Financial overview

       7.10.3 Business strategy

       7.10.4 SWOT analysis

       7.10.5 Recent developments

7.11 Hoya Corporation

       7.11.1 Company overview

       7.11.2 Business strategy

       7.11.3 SWOT analysis

       7.11.4 Recent developments

7.12 CIBA Vision Inc. 

       7.12.1 Company Overview

       7.12.2 Financial overview

       7.12.3 Business strategies

       7.12.4 SWOT analysis

       7.12.5 Recent developments

7.13 Vision Express

       7.13.1 Company overview

       7.13.2 Business strategy

       7.13.3 SWOT analysis

       7.13.4 Recent developments

7.14 Specsavers Optical Group Ltd. 

       7.14.1 Company overview

       7.14.2 Business strategy

       7.14.3 SWOT analysis

       7.14.4 Recent developments

List of Figures 

 

FIG. 1 Global eyewear market, 2011 – 2018, (USD Million) (Million units) 

FIG. 2 Eyewear: Value chain analysis 

FIG. 3 Share of aging population, 2011 

FIG. 4 Lens: Frame Ratio, 2012 

FIG. 5 Vision Correction Statistics, 2012 

FIG. 6 Porter’s five forces analysis 

FIG. 7 Eyewear: market attractiveness analysis, 2011 

FIG. 8 Contact lenses: company market share analysis, 2011 

FIG. 9 Spectacle lenses: company market share analysis, 2011 

FIG. 10 Global eyewear market, by product type, 2011 – 2018, (million units) 

FIG. 11 Global spectacle lenses market, 2011 – 2018, (USD Million) (million units) 

FIG. 12 Global spectacle frames market, 2011 – 2018, (USD Million) (million units) 

FIG. 13 Global market share of contact lenses by material classes, 2010 

FIG. 14 Global contact lenses market, 2011 – 2018, (USD Million) (million units) 

FIG. 15 Global plano sunglasses market, 2011 – 2018, (USD Million) (million units) 

FIG. 16 Global eyewear volume share, by geography, 2011 – 2018, (million units) 

FIG. 17 North America eyewear market,  2011 – 2018, (USD Million) (million units) 

FIG. 18 North America spectacle lenses market,  2011 – 2018, (USD Million) (million units) 

FIG. 19 North America spectacle frames market,  2011 – 2018, (USD Million) (million units) 

FIG. 20 North America contact lenses market,  2011 – 2018, (USD Million) (million units) 

FIG. 21 North America plano sunglasses market,  2011 – 2018, (USD Million) (million units) 

FIG. 22 Europe eyewear market,  2011 – 2018, (USD Million) (million units) 

FIG. 23 Europe spectacle lenses market,  2011 – 2018, (USD Million) (million units) 

FIG. 24 Europe spectacle frames market,  2011 – 2018, (USD Million) (million units) 

FIG. 25 Europe contact lenses market,  2011 – 2018, (USD Million) (million units) 

FIG. 26 Europe plano sunglasses market,  2011 – 2018, (USD Million) (million units) 

FIG. 27 APAC eyewear market,  2011 – 2018, (USD Million) (million units) 

FIG. 28 APAC spectacle lenses market,  2011 – 2018, (USD Million) (million units) 

FIG. 29 APAC spectacle frames market,  2011 – 2018, (USD Million) (million units) 

FIG. 30 APAC contact lenses market,  2011 – 2018, (USD Million) (million units) 

FIG. 31 APAC plano sunglasses market,  2011 – 2018, (USD Million) (million units) 

FIG. 32 RoW eyewear market,  2011 – 2018, (USD Million) (million units) 

FIG. 33 RoW spectacle lenses market,  2011 – 2018, (USD Million) (million units) 

FIG. 34 RoW spectacle frames market,  2011 – 2018, (USD Million) (million units) 

FIG. 35 RoW contact lenses market,  2011 – 2018, (USD Million) (million units) 

FIG. 36 RoW plano sunglasses market,  2011 – 2018, (USD Million) (million units)

List of Tables

 

TABLE 1 Drivers for eyewear market: Impact Analysis 

TABLE 2 Restraints for the eyewear market: Impact Analysis 

TABLE 3 Key reasons for choosing refractive surgery 

Research shows that about 80% of what the human brain learns and forms memories from is through what it sees. Therefore, vision plays a very crucial role in the development of the human mind and its growth. This makes eye care extremely important for all. In recent times, as an increasing number of people are signing up for eye checkups, the diagnoses rate to those suffering from poor vision has considerably risen. Owing to this reason, the global eyewear market is expected to witness a surge in the coming years. As conditions such as presbyopia, myopia, astigmatism, and hyperopia are becoming common, it is driving the growth of the global eyewear market.

The global eyewear market has been studied from political, economic, social, legal, technological, and environmental perspectives. The thorough research report observes the market microscopically to present a fair report about the strengths, the weaknesses, the opportunities, and the threats influencing the market. Additionally, the research report also uses Porter’s five forces analysis to highlight the threat of new entrants, the threat of substitute products or services, the bargaining power of customers, the bargaining power of suppliers, and the intensity of competitive rivalry. The research report answers questions pertaining to the future of this market and the stance entrepreneurs ought to take to profit from the ever-changing dynamics of the global eyewear market.

Overview

Research suggests that the eyewear market in Europe held a dominant share of 40% in the global eyewear market in 2011. In the coming years, analysts predict that Asia Pacific will prove to be lucrative ground for the eyewear market, as it is anticipated to expand at a CAGR of 9.0% all through 2018. The robust development of the Asia Pacific eyewear market will be attributable to the increasing usage of eyewear in the region. The emerging economies of China and India are expected to make a significant contribution to the aforementioned growth rate.

According to the research report, the global eyewear market was worth US$81.0 bn in 2011 and is expected to reach US$130 bn by the end of 2018. Analysts predict that the global eyewear market will expand at a CAGR of 3.70% during the period from 2012 to 2018.

The global eyewear market is segmented on the basis of product, distribution channel, and geography. The products sold in this market are spectacles, contact lenses, and plano sunglasses. The types of spectacles available in the global eyewear market are spectacle lenses and spectacle frames. These products are sold via distribution channels such as healthcare service providers, retail outlets, and online portals. Geographically, this market is segmented into Asia Pacific, North America, Europe, and Rest of the World.

Companies Mentioned in the Global Eyewear Market are:

Some of the important players mentioned in the global eyewear market are Luxottica, Safilo, Johnson & Johnson Vision Care, Essilor Int., CooperVision, Bausch & Lomb, Carl Zeiss, De Rigo, CIBA Vision Inc., Fielmann, Marchon Eyewear, Hoya Corp., Vision Express, and Specsavers Optical.

Global Eyewear Market by Geography:

  • Europe
  • North America 
  • Asia-Pacific 
  • Rest of the World 

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments