GrandVision is a Optical Retail company. We are GDPR and CCPA compliant! The data offered to us was exactly what we were looking for. Johnson & Johnson Vision Care (Johnson & Johnson Medical GmbH), Top 10 Companies with an Established Presence in the Global Eyewear Market. This led to the closure of ophthalmic clinics and retail stores for an extended period. Eyewear companies are largely advertising on popular social media platforms such as Instagram, Twitter, and Facebook, which offer them an opportunity to analyze audience preferences, thereby offering specially curated products. Use Ask Statista Research Service. Numerous government and non-government organizations are consequently organizing informative initiatives and programs to spread awareness regarding the preventive measures and treatments available for these eyesight problems. This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends in each of the sub-segments from 2018 to 2030. The companies also emphasize the development of products that can help address climate change and facilitate sustainability. Other factors, including rising expenditure capacities of consumers, extensive research and development (R&D) activities, and easy product availability across e-commerce platforms, are anticipated to drive market growth. materials used for sunglasses and optical frames. Robin has been a Board member since founding INSPECS in 1988. Our sunglasses and eyeglasses are made up of different materials like. Swiss Eyewear Group's objective is to be the global eyewear company that offers a genuine alternative in the international market by offering true partnership and integrity in everything it does for retailers, distribution partners, suppliers, employees and investment partners and by offering unique eyewear brands and quality products to the . For year ending Dec-2021Fielmann AG Annual Revenue was1,678MillionEURand Annual Net Income was 136 Million EUR. Moreover, the market is highly regulated as sunglasses and eyewear products are considered personal protective equipment (PPE) in EU countries, mandating suppliers to adhere to the directives. It is known for creating premium quality products that also have characteristics of being durable and safe. Cooper Companies Inc. is a medical device company that is also known for manufacturing soft contact lens that are made to eradicate vision challenges and provide comfort to users. About I am passionate about being involved in new projects from . Other prominent players in the global spectacles market include companies, namely Essilor Luxottica, Safilo Group S.p. Hugo was appointed as a member of the Board on 1 December 2022. The spectacles segment was estimated to hold the major share in the overall market in 2020. The company has focused on cutting-edge innovation and breakthrough technology, transforming the way to treat eye diseases and eye conditions. Fielmann AG is a Eyewear Fashion company. Lenskart has700 stores across India as on 2019. Global Eyewear Careers and Employment | Indeed.com Global Eyewear Market Report (2022 to 2027) - Yahoo Finance To become the most admired global eyewear company by delivering forward-thinking innovation, significant value and purposeful service, through high quality eyewear around the world. Data Breaches That Have Happened in 2023 So Far - Updated List - Tech.co On the job, on the ride home, on the water, or on the town, Global Vision has you covered with superior fit, comfort and style. Queens award for enterprise International Trade, (Feb.) Became PLC London Stock Exchange, Acquired 1st proprietary brand Saville Row, Queens award for enterprise International Trade, First eyewear brand supplied to a multiple retailer, 2000 HK, 2009 USA, 2014 Scandinavia, 2017 Portugal, 2019 Italy. https://www.fortunebusinessinsights.com/industry-reports/eyewear-market-101749, Alcon (Part of Novartis AG) (Switzerland), North America (By Product Type, By Distribution Channel, and by Country), Europe (By Product Type, By Distribution Channel, and By Country), Asia Pacific (by Product Type, By Distribution Channel, and By Country), Latin America (by Product Type, By Distribution Channel, and By Country), The Middle East & Africa (By Product Type, By Distribution Channel, and By Country), Rest of the Middle East & Africa (by Product), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. 6 Reasons why bvsunglasses is more trusted by eyewear brands around the world. The global eyewear market has several major players including Luxottica Group S.p.A., Essilor International SAS, Johnson & Johnson Vision Care, Inc., Safilo Group S.p.A. and Alcon Vision LLC. Centralized high-tech distribution centers in over 8 locations globally. Global Eyewear Market Report 2021: Trends, Forecast, and Competitive It offers a comprehensive range of products, including eye drops, contact lenses, and surgical equipment. 3. Updated on May 16, 2023. *We at Expert Market Research always thrive to give you the latest information. The global eyewear market size is anticipated to reach USD. Major eyewear companies are segmented into the contact lens market and spectacles and sunglasses market. The segment is projected to maintain its dominating position at the end of the forecast period. Eyeglasses frames which filters out harmful blue lights. We manufacture, distribute, design and sell high quality Sunglasses and Eyeglasses with the help of high-tech machines.We strive towards producing our customers' heart desire. Thank you!, I recommend Fortune Business Insights for their honesty and flexibility. In the current market landscape, the contact lens segment is estimated to experience an increase in acceptance in Asia Pacific and Latin American countries, owing to the aesthetic value offered by the product type. Eyewear Market Size, Share, Trends | Global Report [2028] These modern lenses quickly and smoothly adapt to different lighting conditions, which reduces irritation and dryness often caused by normal contact lenses. Currently, you are using a shared account. The global eyewear market size was valued at USD 169.9 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030. Additionally, the limited use of luxury sunglasses in countries such as India and Brazil is estimated to impact the market's sales revenue in the upcoming years. The global eyewear market size was USD 105.56 billion in 2020 and is projected to grow from USD 114.95 billion in 2021 to USD 172.42 billion in 2028, exhibiting a CAGR of 6.0% in the 2021-2028 period. Additionally, disruptions in the manufacturing and transportation of spectacle lenses, contact lenses, and sunglasses owing to the pandemic have also influenced the decline of the market for eyewear in 2020. This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. - Global Vision These glasses can also be utilized to track the physical fitness of the user by tracking steps, distance covered and calories burned in a given periodIntegration of Advanced Technologies with Online Channels to Create Positive Outlook. What was the value of the global eyewear market in 2020? They provide a variety of eye care solutions ranging from protection and to treatment, including disposable contact lenses. There has been a considerable increase in the preference for purchasing eyewear through online channels over the past few years. Our production teams work with in-house CAD designers to oversee every step of the eyewear manufacturing process in our owned factories or tested partner factories. They provide a variety of glasses for bikers, cyclists, skiers, tennis players, climbers, and hikers. The changing lifestyle patterns and increasing adoption of luxurious accessories among millennials strongly favor market growth. What is the key factor driving the market? They are constantly researching, innovating, and designing to produce high-tech and quality eyewear. Personal Website. Product Category Brilliant Vision keeps offering thousands of new designs in acetate, metal, injection, titanium sunglasses and eyeglasses frames each year to our . With the help of top craftsmanship, it focuses on exceptional designs and quality, enhancing the look of a person without compromising on vision. Essilor International SAS is an eyewear company that designs, manufactures, and distributes ophthalmic lenses, frames, and eyewear equipment. The global impact of COVID-19 has been unprecedented and staggering, with eyewear products witnessing a negative impact on demand across all regions amid the pandemic. Brilliant Vision has grown into a global, value-added innovator and manufacturer of high quality optical frames, reading glasses, anti blue light glasses, designer sunglasses and related accessories(making safety goggles and protective eyewear to fight Coronavirus since March of 2020). As on2021, RALPH LAUREN CORPORATION has493 retail stores. This limited edition will come with 1,000 phygital frames, and every pair will have its own serial number accompanied by a special box featuring a video screen. Global Eyewear (Contact Lenses, Spectacles, Sunglasses) Market Trends In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries, Level III, B-7 , Sector 2, Noida, Uttar Pradesh 201301, India, Copyright IMARC Services Private Limited 2023. Addition or alteration to country, regional & segment scope. The market is segregated into retail stores, online stores, and ophthalmic clinics based on the distribution channel. For instance, in 2020, according to Lancet Global Health, it is projected that around 43.3 million people were blind, out of which 23.9 million were assessed to be female. Impact of COVID-19 on Global . We will guarantee outstanding transparent service and competitive prices. Fast fashion changes in accessories such as sunglasses have gained traction from the increasing social media applications, namely, Instagram and TikTok. To learn the scope, benefits, companies researched, and other details . An increase in the geriatric population suffering from myopia and hypermetropia is anticipated to fuel the market growth. Our sunglasses and eyeglasses are made up of different materials like acetate, metal, titaniumand injection materials. "Estimated Value of The Eyewear Market Worldwide from 2022 to 2030 (in Billion U.S. The contact lenses segment captured a revenue share of over 10% in 2022 and is expected to grow significantly over the coming years, aided by the emergence of advanced products such as light-adaptive lenses and multifocal toric lenses. Furthermore, the company also provides various services, such as patient education and support, fitting of contact lenses, and after-sales support. The company has invested in its online presence and launched its own e-commerce platform to compete with other online retailers. Prada S.p.A. is a luxury fashion company that manufactures travel accessories, glasses, shoes, leather handbags, and other fashion accessories. As on December 2021, Kering has Annual Revenues of 17,645 Million EUR Revenue, Annual Net Income of3,175 Million EUR. Global Eyewear Market Report 2023: Sector is Expected to Reach $223.22 Privacy Policy. [Online]. Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. The higher availability of cheaper eyeglass products and increasing disposable incomes in developing countries of Asia Pacific and. The coronavirus's geographic spread has significantly affected the sales of contact lenses, sunglasses, and prescription eyeglasses, and sunglasses. However, the lifting of these restrictions in subsequent months and higher consumer preference for physical stores will favor segment growth in the coming years. This is one of our many premium acetate sunglasses that Brilliant Vision Co., Ltd produce for our clients and partners , During Sep.18th-20th,Weve finally arrived at the worlds first professional trade show for eyewear industry in this special year 2020! Based on the product type, this market can be segmented into spectacles, sunglasses, and contact lenses. The contact lenses segment is further segmented into toric, multifocal, and sphere. Apple, Meta, and Twitter have all disclosed cybersecurity attacks over the past 12 months. Estimated value of the eyewear market worldwide from 2022 to 2030 (in billion U.S. dollars) [Graph]. The market is primarily driven by the increasing prevalence of ocular diseases on the global level. To identify key sustainable strategies adopted by market players in the global eyewear market. I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type), The global eyewear market is projected to grow from $114.95 billion in 2021 to $172.42 billion in 2028 at a CAGR of 6.0% in forecast period, 2021-2028, 2020 Fortune Business Insights . statistic alerts) please log in with your personal account. The wide product offering by manufacturers is bolstering the demand for sunglasses globally. The global eyewear market report presents a comprehensive assessment of the global market by offering valuable insights, facts, industry-related information, and historical data. The rise in CAGR is attributable to this markets demand and growth, returning to pre-pandemic levels once the pandemic is over. This website is secure and your personal details are safe. We strive to be the first name in eyewear solutions through a vertically-integrated frame and lens platform. Companies are actively collaborating with social media influencers to increase their brand presence and customer reach across the globe. They are introducing new designs and patterns to quickly respond to the current fashion trends and attract fashion enthusiasts. To know how our report can help streamline your business, Speak to Analyst, Spectacles Segment to Dominate the Market in Terms of Share. Global Eyewear Market Report 2021: Trends, Forecast, and Competitive Analysis Featuring Luxottica, Essilor, Zeiss, J&J, Bausch & Lomb, Marchon, Fielmann AG, HOYA, De Rigo, Zeiss -. Back Submit. Looking forward, the publisher expects the market to reach a value of US$ 209.5 Billion by 2027, exhibiting a CAGR of 6.96% during 2022-2027. Lenskart hase-commerce business and also operates eyewear shopsin main cities of India. The global eyewear market is expected to grow at a compound annual growth rate of 8.5% from 2023 to 2030 to reach USD 323.77 billion by 2030. b. Avail customized purchase options to meet your exact research needs. This trend can be witnessed in developed as well as developing nations. Richard Peck has over 37 years of optical experience. Technology is paving a new way for the eyewear industry to grow by designing and manufacturing varieties of eye wear products. They provide products for defects such as glaucoma, refractive errors, cataracts, and retinal diseases. On the flip side, Asia Pacific is projected to follow the lead after North America in the global market in terms of revenue in 2028. Shaun has served as a Non-Executive Director on public company Boards since 2016 including as Audit Committee Chair. The global eyewear market size was USD 105.56 billion in 2020 and is projected to grow from USD 114.95 billion in 2021 to USD 172.42 billion in 2028, exhibiting a CAGR of 6.0% in the 2021-2028 period. The headquarters is in UK. Chris has been involved with INSPECS since it was founded in 1988 and served as a Board Member for Inspecs Holdings Limited since 13 November 2013. Pair Eyewear Announces a $60M Series B Led by NEA and - Business Wire Global Eyewear Market Size, Share, Trends | Forecast 2023-2032 Dublin, Jan. 09, 2023 (GLOBE NEWSWIRE) -- The "Eyewear Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering. A Global Focus. Business Solutions including all features. Eyewear Market Size & Share Analysis - Industry Research Report They manufacture and supply premium quality goods and products that are safe and affordable for consumers. The increasing prevalence of visual impairment in people worldwide are expected to drive the growth of the market for eyewear. The market is further expected to grow at a We, at Expert Market Research, help you remain ahead of the curve by enabling you to understand the current and future trends in your industry and helping you leverage the knowledge to ensure your optimum growth in the market. As on2021, Fielmann AGhas900 retail stores. Daito Srl, Str. Mesager, 11, Of. 301 Apart from this, they can be used to treat or minimize the chances of developing several visual ailments and eyesight related problems, such as myopia and hypermetropiaIncreasing Incidences of Ocular Diseases Impelling Market Growth. This, in turn, is escalating the demand for advanced glare-free prescription eyewear with enhanced durability. Profit from the additional features of your individual account. Free business intelligence platform with subscription, 4. It looks quite comprehensive and the data is exactly what I was looking for. As people live longer, there is a rise in the risk of ocular disease among the geriatric population. For instance, Johnson and Johnson Services, Inc.s vision care business segment witnessed a sales revenue decrease of 11.7% in 2020 when compared to 2019. Looking forward, the publisher expects the market to reach a value of US$ 209.5 Billion by 2027, exhibiting a CAGR of 6.96% during . Learn more about how Statista can support your business. Alcon Vision LLC is an eyecare company that provides eyecare products to improve the vision of users, ultimately improving their lives. Our marketing teams are specialists in bringing eyewear product collections to the optical market, working in partnership with brand owners and retailers. For instance, in September 2022, De Rigo Vision S.p.A launched the very first phygital eyewear style, the Crypto King$ Limited Edition, in partnership with the PHILIPP PLEIN brand. These insights are included in the report as a major market contributorEyewear refers to the products that are worn by individuals for vision correction or for protecting the eyes from various external factors, including light, debris, harmful radiation and severe environmental changes. North America is expected to hold the highest share in the market. Italian spectacle frame maker, Luxottica Group SpA, and French spectacle lens manufacturer, Essilor International SA, have agreed to merge and the new group will . The global eyewear market reached a value of US$ 149.3 Billion in 2022. These glasses are commonly integrated with augmented reality (AR) that employs internal and external sensors to collect varied information and store them. The longer screen times forced consumers to spend on anti-fatigue and vision correction glasses, allowing eyewear companies to increase their sales of blue light-canceling and anti-fatigue lenses. The global eyewear industry is propelled by the growing demands for corrective and prescription-based spectacles, especially from the geriatric population. Rafaela Caraush - Chiinu, Chiinu, Moldova | Professional Profile Moreover, the growing popularity of clear eyeglasses and bright translucent glasses has also augmented the demand for spectacles. February 11, 2022 08:28 ET The Greatest Eyewear Brands In The World Today: 2023 Edition Luxottica Group S.p.A. is heavily investing in research and development (R&D) activities and holds patents for several innovations, such as Prizm Lens technology, which enhances color and contrast for specific environments. 6. This market is anticipated to grow at an 8.3% Compound Annual Growth Rate (CAGR), between 2022 and 2032. It is a full range of expert optical services, high quality and affordable prescription glasses including frames and lenses, contact lenses and sunglasses both plain and with prescription lenses are delivered to customers. Apart from this, the growing demand for luxury eyewear is prompting companies to focus on product design, aesthetics, style, and embellishment to appease fashion-conscious consumers. Richard has served as a Board member since 10 January 2020. The global eyewear market is expected to grow at a CAGR of about 3.1% in the forecast period of 2022-2027. He became Finance Director of INSPECS in 2013 and works closely with Robin Totterman on strategy for the Group. Various key insights provided in the report include key industry developments - mergers, acquisitions, and partnerships introduction of new products/approvals (by major players). Richard brings a wealth of experience from working in other leading eyewear companies, such as David Clulow and Luxottica, where he held the position of managing director (Retail Northern Europe) between 2010 and 2018. We value them as a research company worthy of building long-term relationships., Well done Fortune Business Insights! They are involved in manufacturing and providing products for both men and women across a variety of product categories. Robin Totterman is an entrepreneur and forerunner in the branded eyewear industry with over 30 years experience in eyewear licensing, design, manufacture and wholesale. Richards retail background increases the Boards diversity of skills, knowledge and experience. Top 12 Companies in the Global Personal Protective Equipment Top 9 Companies Leading Through Innovation in the Global Sur Top 12 Companies Empowering the Global High Performance Comp Top 11 Companies in the Global Smartphone Sensors Market, Top 12 Companies in the Global Blockchain Technology Market. Report this profile Report. Encouraged by the strongly rising product demand, eyewear makers are focusing on developing attractive and affordable eyewear. Luxottica Group S.p.A., Essilor of America, Johnson & Johnson Vision Care, Inc. (Johnson & Johnson Medical GmbH), Safilo Group S.p.A, Alcon Vision LLC, Prada S.p.A., Oakley, Inc., Silhoutte International Schmied AG, LVMH Group, and Cooper Companies Inc., among others, are the major players in the global eyewear market. Government bodies across the globe had enforced strict lockdowns in the initial phase of the pandemic's spread. The global eyewear market size reached US$ 140 Billion in 2021. It has also partnered with global fashion brands to design eyewear collections, such as Fossil, Carolina Herrera, Hugo, Jimmy Choo, Marc Jacobs, and Tommy Hilfiger. They have a network in about 70 countries with 635 stores including e-retailers, departmental stores, and commerce channels all around the world, enhancing their business. Dublin, Jan. 06, 2023 (GLOBE NEWSWIRE) -- The "Global Eyewear Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Product, End User, Distribution Channel, and Region" report has been . Mindrila Tatiana - CEO, Co-founder impact A&C - impact A&C | LinkedIn The global high performance computing market size reached a value of USD 44.5 billion in 2022. For further information review ourPrivacy Policy. Moreover, unfavorable reimbursement policies related to vision correction in these developed countries may affect the contact lens segment's growth during the forecast period. The market includes products such as spectacles, sunglasses, and contact lenses. The Market is Highly Fragmented with Johnson and Johnson Services, Inc. and Alcon Holding Major Shares. There is also a high unmet demand for sunglasses in the countries of Latin America and the Middle East and Africa. The increasing acceptance of vision care products is estimated to boost the growth rate of the market in this region. (Dec.) EGO and BoDe acquired enhancing distribution, Green Product Award Winner (ONeill Wove), (Nov.) Eschenbach & Tura acquired Manufacturer and distributor, (Jul.) Top 10 Global Eyewear Companies - Expert Market Research Moreover, sports eyewear and real-time try-on features available in online stores are greatly contributing to the growth of the market. Operating from Chris business development and M&A experience was pivotal to the execution and integration of INSPECS Killine Group acquisition. These aforementioned factors combined with the lower penetration of contact lenses in developing countries are projected to restrain the market growth in the near future. Omni focal lens are used by those that are near and far sighted, helping them switch from one vision to another swiftly. Polarised lenses provide better vision service at night and for rainy weather as they have anti-glare features. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights.