Market Research Reports

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

90pages
Published Date: 2013-04-11

Description



The global eyewear market is driven by the rising population of individual suffering from conditions such as myopia, presbyopia, hyperopia, and astigmatism. The demand for corrective eyewear is the major driving force behind the growth of this market

The report analyzes the global eyewear market on the basis of the product types, distribution channels, and regional markets.

Based on products, the global eyewear market is classified into the markets for spectacles, plano sunglasses, and contact lenses. By distribution channels, retail outlets, online portals, and healthcare service providers are the key segments in the market. Regionally, the global eyewear market is spread across North America, Europe, Asia Pacific, and the Rest of the World.

The research report offers a comparative analysis of the global eyewear market on the basis of the qualitative as well as quantitative evaluation of every segment of this industry. The study also evaluates the present market dynamics and the existing trends such as the driving forces, restrictions, and future prospects the eyewear market across the globe.

Overview of the global eyewear market 

According to the TMR report, the demand for eyewear products in 2011 was more than 2,600 million units and it is expected to register a CAGR of 3.7% between 2012 and 2018. In terms of revenue, the market generated approximately US$81 billion in 2011 and is projected to attain US$130 billion by the end of the forecast period.

On the basis of the types of eyewear, the market for spectacles, including both, spectacle lenses and spectacle frames, dominates the global eyewear market. In 2011, the spectacles market valued more than US$63 billion. Aided by the rising number of individuals using as well as needing prescription eyewear or corrective eyewear, the future of this market is booming. 

Though the market for contact lenses is comparatively small, but its future isn’t bleak at all. On account of the increasing awareness about the benefits and convenience of use, the contact lenses are gaining worldwide acceptance, which, in turn is expected to help the market expand significantly.

In 2012, the eyewear market in North America acquired the leading position occupying more than 30% of the global market in terms of consumption. The high demand for sunglasses and contact lenses in the region was the key driver fuelling the eyewear market in North America. On the other hand, the European eyewear market generated the highest revenue of around 40% of the overall market, the same year.

The eyewear market in Asia Pacific, specifically in India and China is expected to register fastest growth in the global market at a CAGR of 9.0% during the period from 2012 to 2018 on the account of increasing usage of eyewear owing to the dense population in the region.

Though the market is reporting impressive growth at present, the rising popularity of the refractive surgeries is expected to pose significant challenge to the market in the coming future.

Companies mentioned in the research report

The global eyewear market possess a large base of participants including Luxottica, Essilor Int., Safilo, Johnson & Johnson Vision Care, CooperVision, Carl Zeiss, Bausch & Lomb, Fielmann, Marchon Eyewear, De Rigo, CIBA Vision Inc., Hoya Corp., Specsavers Optical, and Vision Express. Among these, Johnson & Johnson, CooperVision, CIBA vision, and Bausch & Lomb dominates the contact lenses market. For spectacle lenses, Carl Zeiss and Essilor are the leading manufacturers, whereas, Luxottica and Safilo are the major suppliers for plano sunglasses.

Key segments of the global eyewear market

By Product Type
  • Spectacles
    • Spectacle lenses
    • Spectacle frames
  • Contact Lenses
  • Plano Sunglasses
By Distribution Channel
  • Retail outlets
  • Healthcare service providers
  • Online portals
Major geographies analyzed under this research report are: 
  • 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

Table of Contents



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 

Free Market Analysis


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

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