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

Eyewear Market - 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 

The growing prevalence of eyesight disorders and wearer base expansion are the primary factors augmenting the growth of the global eyewear market. Moreover, a rise in the disposable income levels of middle-class consumers is expected to drive the demand for eyewear products in the next few years. Furthermore, the rising demand for premium eyewear, loyalty programs, and personalized services and rising implementation of product bundling strategy are estimated to contribute significantly towards the growth of the market.

The global eyewear market has been bifurcated on the basis of product type and distribution channel. By product type, the market has been classified into contact lenses, spectacles, spectacle lenses, Plano sunglasses, and spectacle frames. On the basis of distribution channel, the market has been categorized into online portals, retail outlets, and healthcare service providers. The key geographical segments of the global eyewear market include Asia Pacific, North America, Europe, and Rest of the World.

The research study helps in determining the leading segments in the global eyewear market. The growth prospects, opportunities, and limitations have been highlighted in the research report in order to offer a strong understanding of the market. In addition, the product segmentation, key geographical segments, and vendor analysis of the global eyewear market have been discussed in the scope of the research report.

Overview of the Global Eyewear Market

The global eyewear market stood at US$81 bn in 2011 and is projected to register a 3.70% CAGR from 2012 to 2018, reaching a value of US$130 bn by 2018, states the market research study. The expanding distribution channels and growing marketing activities through social media are projected to drive the demand for eyewear products in the near future. Increasingly, eyewear is considered a fashion product worldwide and the innovations offered by key players are driving the global market.

On the other hand, the rising adoption of refractive eye surgeries and the rising risk from counterfeit products are hampering the growth of the global eyewear market. Moreover, issues related to the side effects of eyewear products on the health of consumers and lack of awareness in low-income economies are estimated to restrict the growth of the market in the forecast period.

Among the key geographical regions, in 2012, North America led the global eyewear market with a 30% share. The robust growth of this region can be ascribed to the rising demand for contact lenses and sunglasses. However, the Asia Pacific eyewear market is anticipated to exhibit a 9.0% CAGR from 2012 to 2018, owing to the extensive contribution from China and India.

Companies Mentioned in the Research Report

The global eyewear market is extremely fragmented in nature with the presence of several local and international players operating in the market. Key players are competing amongst each other for market share by improving their product portfolios and pricing strategies. Some of the leading players operating in the global eyewear market are CooperVision, Bausch & Lomb, De Rigo S.p.A, Carl Zeiss AG, Marchon Eyewear, Safilo Group, Johnson & Johnson Vision Care, Vision Express, CIBA Vision Inc., Specsavers Optical Group Ltd., Hoya Corporation, Luxottica Group S.p.A, Fielmann AG, and Essilor International.

Key Segments of the Global Eyewear Market

Global Eyewear Market, by Product Type:

  • Spectacles
  • Spectacle lenses
  • Spectacle frames
  • Contact Lenses
  • Plano Sunglasses

Global Eyewear Market, by Distribution Channel:

  • Retail outlets
  • Healthcare service providers
  • Online portals

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


 
 
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