global eyewear company

There has been a considerable rise in the cases of partial and severe vision impairment among adults and rising incidences of myopia and hypermetropia among children, which is contributing to the increasing demand for eyewear as an appropriate measure to prevent further damage. The ideal entry-level account for individual users. Their no-glare lenses give a crystal clear vision along with smudge and scratch resistance while their progressive lenses are known to provide sharp vision with easy transitions for any distance. To know how our report can help streamline your business, Speak to Analyst, Spectacles Segment to Dominate the Market in Terms of Share. The ophthalmic clinics segment accounted for the lowest market revenue share owing to the lower preference of the population to purchase eyewear from clinics. A Global Focus. Headquarters is in India. For instance, in January 2022, Lenskart, a major Indian eyewear retail chain, opened 73 stores across 19 Indian states and announced its plans to open 400 more stores. Various key insights provided in the report include key industry developments - mergers, acquisitions, and partnerships introduction of new products/approvals (by major players). "Designing Growth Strategies is in our DNA", Region : Global | Format: PDF | Report ID: FBI101749. Marchon Home World Biggest Eyewear Companies by Market Cap. Shaun was appointed as a member of the Board on 1 December 2022 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. Which is the leading segment in the market? No purchase commitment. Global Eyewear Market Size, Share, Trends | Forecast 2023-2032 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 . "The quality of research they have done for us has been excellent.". Remarkable job and great efforts by your research team. The sunglasses segment is anticipated to grow at the fastest CAGR in the market for eyewear due to the increasing awareness regarding the harmful effects of UVA and UVB rays on vision. These companies are adopting newer technologies such as 3D printing to enhance the quality of spectacle lenses and capture more market share. Johnson & Johnson Vision Care innovates and manufactures with a vision to help the world improve their vision for a better life ahead. Uncover why Global Eyewear is the best company for you. There is also a high unmet demand for sunglasses in the countries of Latin America and the Middle East and Africa. The manufacturers are further expected to be stranded on raw material orders owing to the logistics industry being significantly impacted due to lockdown amid COVID-19. It also provides the epidemiology of major ocular disorders - key countries, key trends in the market, and a snapshot of the global market. The headquarters is in Germany. 455 followers 457 connections. The North American region held a significant revenue share of 33.8% in 2022, owing to the well-established e-commerce sector in the region, which has helped improve the user experience regarding eye power consultation and spectacle selection. For year ending Dec-2021 ESSILOR LUXOTTICA Annual Revenue was19,820Million EUR and Annual Net Income was 1,463Million EUR. Use Ask Statista Research Service. The fashion industry significantly influences the trends in this business. Luxottica Group S.p.A. is an Italy-based eyewear manufacturer that produces fashion, luxury, and sports eyewear under brand names such as Ray-Ban, Presol, Oliver Peoples, Oakley, Costa del Mar, and Arnette. We are one of a handful of global companies which produce large volumes of the highest quality eyewear in-house for supply to the biggest retailers in the world. Some of the key players in the global eyewear market include Bausch and Lomb Inc.; Carl Zeiss AG; Charmant Group; CooperVision; Warby Parker; and EssilorLuxotttica. Join to view profile impact A&C. The University of Sheffield. Additionally, the rising geriatric population, which is susceptible to age-related vision disorders, such as presbyopia, glaucoma, diabetic retinopathy, and dry eye syndrome, is providing a thrust to market growth. Available: https://www.statista.com/statistics/300087/global-eyewear-market-value/, Estimated value of the eyewear market worldwide from 2022 to 2030, Immediate access to statistics, forecasts & reports, Value of the global eyewear market from 2022 to 2030, Revenue of the eyewear market worldwide by country 2022, Revenue of the sunglasses market worldwide by country 2022, Per-capita volume sales in the sunglasses market worldwide by country 2022, Global Rx sunglasses market revenue in 2022-2029, Leading exporters of sunglasses worldwide 2021, Revenue of the eyewear market in the United States from 2014 to 2027, by type, U.S. export value of sunglasses 2016-2021, U.S. import value of sunglasses 2016-2021, Sunglasses usage by Americans in summer and winter as of 2019, Sales of the leading U.S. mass merchants with optical departments 2021, Global revenue of EssilorLuxottica 2019-2022, by geographical area, Global revenue share of Essilor 2020, by business sector, Net revenue of National Vision in the United States from 2015 to 2022, Net product sales of National Vision in the U.S. from 2015 to 2022, by category, Retail sales of the contact lens market in the U.S. 2010-2017, Retail sales of contact lens & care products China 2016, by channel, Import value of eyeglasses and related products to China 2021, by category, Eyeglasses usage by adults in the United States 2016, by age group, Adults in need of corrective eyewear in the United States 2016, by age group, Most important qualities of lenses in the U.S. 2016, by age group, Retail sales of contact lens China 2016 by channel, Readers usage by adults in the United States 2016, by age group, Adults in need of corrective eyewear in the United States 2016, Most important qualities of lenses in the U.S. 2016, by gender, Leading contact lens retailers' market share on JD.com China 2017, by brand, Import value of eyeglasses and related products to China 2021, by origin, Consumer reasons for not using corrective eyewear in the U.S. in 2016, Lens unit sales share in the U.S. 2015-2016, by type, Main reason for choosing a lens brand in the U.S. 2016, Sales volume share of eyeglass frames in Germany 2007-2021, by type, Size of readymade reading glasses markets worldwide 2014, by country, Growth rate of production value of the eyewear industry in Italy 2011-2017, Estimated value of the eyewear market worldwide from 2022 to 2030 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, revenue of spectacles has been considerably higher, The United States was the leading eyewear market in the world as of 2021, Vision Source and Luxottica were the leading optical retailers in the United States in 2021. In, Statista. Safilo Group S.p.A is an Italian eyewear company that is known for designing, producing, and supplying sunglasses, ski goggles, prescription frames, helmets, cycling helmets, and sports eyewear. As people live longer, there is a rise in the risk of ocular disease among the geriatric population. Explore purchase options. For further information review ourPrivacy Policy. Alcon (a part of Novartis AG) and Johnson and Johnson Services, Inc. are the top players in the contact lens segment in the market. Their regular use can also assist in reducing the intensity and frequency of headaches and migraines that are usually triggered by bright sunlight or prolonged exposure to digital screens and gadgets. World Top Eyewear Companies List by Market Cap as Dec 25th, 2022. Chris business development and M&A experience was pivotal to the execution and integration of INSPECS Killine Group acquisition. Richards retail background increases the Boards diversity of skills, knowledge and experience. 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. Moreover, unfavorable reimbursement policies related to vision correction in these developed countries may affect the contact lens segment's growth during the forecast period. Register your Company for free in Kompass; Promote your business online with Booster; Build brand Awareness with Display Ads; Generate Leads. View Rafaela Caraush's professional profile on LinkedIn. Some of the eminent players operating in the global eyewear market are: Revenue in USD billion, volume in million units, and CAGR from 2023 to 2030, Revenue & volume forecast, company ranking, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; South America; MEA, U.S.; Canada; Mexico; U.K.; Germany; China; India; Japan; Vietnam; Brazil. This can be attributed to the availability of product designs that suit the preferences of all gendersBreakup by Distribution Channel: Amongst these, optical stores represent the most popular distribution channel in the global eyewear market as they offer both branded and generic eyewear products, depending upon the purchasing power of the consumers. Written by Aaron Drapkin. Purchase Rate of Spectacles and Sunglasses Severely Impacted by COVID-19 Pandemic. Global Eyewear Markets, 2021-2026 - India and China Lead the $150+ Billion Industry. It is known for creating premium quality products that also have characteristics of being durable and safe. Strategic partnerships and collaborations are among the few of the many strategies adopted by key players to improve product offerings. During nine years at Marks and Spencer Group Plc he managed businesses across Europe and the Middle East, as well as being Chief of Staff to the CEO and subsequently Director of Property. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. In addition, the heightened adoption of smart devices, lucrative discounts offered, and the ability to compare prices and features positively influence the growth of the e-commerce channel. Fielmann AG is a Eyewear Fashion company. the 18th. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. of a series of renowned Houses in Fashion, Leather Goods, Jewelry and Watchmaking. Building an eyewear solutions platform for future growth since 1988. In his role at Aga Rangemaster Group plc, Shaun helped oversee the transformation of the business into an international brand-led manufacturer and retail group. The headquarters is in Netherlands. They are widely recommended by healthcare professionals for improving visual acuity and preventing ultraviolet (UV) rays from damaging the retina and lens of the human eyes. Accessed June 04, 2023. https://www.statista.com/statistics/300087/global-eyewear-market-value/, Statista. Lenskart hase-commerce business and also operates eyewear shopsin main cities of India. For more details, please read our privacy policy. UK. 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. Robin Totterman is an entrepreneur and forerunner in the branded eyewear industry with over 30 years experience in eyewear licensing, design, manufacture and wholesale. The advent of 3-D printing has enabled quick and easy customization of eyeglasses. Global Eyewear (Contact Lenses, Spectacles, Sunglasses) Market Trends However, the lifting of these restrictions in subsequent months and higher consumer preference for physical stores will favor segment growth in the coming years. LinkedIn is the world's largest business network, helping professionals like Rafaela Caraush discover inside connections to recommended job candidates, industry experts, and business partners. World Top Companies by Market Cap Jan-2022, USA Top States, Population, GDP, Top Companies List by State, World Top 10 Companies Revenues and Net Profits as on 2022, India Top 10 Companies Revenues and Net Profits as on 2022, Australia Top 50 Companies Annual Results. Christopher brings a broad range of experience in business development, M&A and corporate finance across several sectors. Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. 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. Our sunglasses and eyeglasses are made up of different materials like. In terms of region, Europe dominated the market in 2022 by accounting for a revenue share of almost 37%, owing to the increasing demand for eyewear, such as sunglasses, colored contact lenses, and frames as fashion accessories, by consumers. Based on our analysis, the global market exhibited a lower growth of -13.3% in 2020 compared to the average year-on-year growth during 2017-2019. Currently, you are using a shared account. Marchons fully owned manufacturing plant in Puos dAlpago, Italy with a complimentary network of world class third party suppliers is one of the most developed compliance systems in the eyewear industry. Asia Pacific is anticipated to grow at a higher CAGR in the market. Looking forward to work together in the future, It has been a delightful experience working with you guys. It also offers a comprehensive range of contact lenses, including daily disposable, monthly disposable, multifocal, and toric lenses for astigmatism. Choose reports from a database of more than 10,000 reports. 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. It products are luxury clothing, footwear, fragrances, housewares, furniture and jewelry for women. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. The players operating in the sunglasses market are increasing their customer base by tapping into online channels and offering lucrative pricing. Besides this, the utilization of three-dimensional (3D) printing to produce customized products that fit perfectly and enhance user comfort is favoring the market growth. We track the latest data breaches. Which region is expected to grow at a higher CAGR in the market? As on December 2021, Kering has Annual Revenues of 17,645 Million EUR Revenue, Annual Net Income of3,175 Million EUR. Johnson and Johnson Services, Inc. holds the highest share in the global contact lens market, followed by Alcon. They are introducing new designs and patterns to quickly respond to the current fashion trends and attract fashion enthusiasts. Avail customized purchase options to meet your exact research needs. Essilor of America, Inc. provides the world with top quality eyewear products. Moreover, the increasing consumer awareness regarding the importance of eye health and regular checkups is one of the key factors driving the market growth. This can be attributed to the increasing awareness regarding regular eye checkups and the usage of eyeglasses, prompting their sale from brick-and-mortar stores. Besides, e-commerce websites also allow users to provide reviews about products, which improves the user experience and helps companies understand consumer preferences, thus stimulating segment expansion. Sales of the leading 15 optical retailers in the U.S. 2021, Number of stores of EssilorLuxottica in North America 2022, by brand. Increasing Awareness among People Regarding Harmful Effects of Ultraviolet Rays to Augment Growth. 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 . It's designs and sources apparel and accessories, selling through a diversified network of retail, digital, wholesale, and licensing channels worldwide. 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. Request a Free sample to learn more about this report. The global eyewear market is geographically segmented into five regions namely Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. 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. The e-commerce segment is expected to witness a CAGR of 9.7% through 2030. The global eyewear market size was valued at USD 169.90 billion in 2022 and is expected to reach USD 183.36 billion in 2023. b. Rising Incidence of Eye Health Issues to Propel Market Growth. 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. There are 3 regional headquartered offices in New York, Amsterdam, and Hong Kong. The global eyewear market, which is made up of spectacles, contact lenses, sunglasses, and other eyewear products, was estimated to be worth around 170 billion U.S. dollars in 2022 and was. Eyeglasses frames which filters out harmful blue lights. Some of these players include Luxottica Group S.p.A., Essilor International, Johnson & Johnson Vision Care, Inc., Safilo Group S.p.A. and Alcon Vision LLC.Key Topics Covered: 1 Preface2 Scope and Methodology3 Executive Summary4 Introduction4.1 Overview4.2 Key Industry Trends5 Global Eyewear Market5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Breakup by Product5.5 Market Breakup by Gender5.6 Market Breakup by Distribution Channel5.7 Market Breakup by Region5.8 Market Forecast5.9 SWOT Analysis5.9.1 Overview5.9.2 Strengths5.9.3 Weaknesses5.9.4 Opportunities5.9.5 Threats5.10 Value Chain Analysis5.10.1 Overview5.10.2 Research and Development5.10.3 Raw Material Procurement5.10.4 Manufacturing5.10.5 Marketing5.10.6 Distribution5.10.7 End-Use5.11 Porters Five Forces Analysis5.11.1 Overview5.11.2 Bargaining Power of Buyers5.11.3 Bargaining Power of Suppliers5.11.4 Degree of Competition5.11.5 Threat of New Entrants5.11.6 Threat of Substitutes6 Market Breakup by Product6.1 Spectacles6.1.1 Market Trends6.1.2 Market Forecast6.2 Sunglasses6.2.1 Market Trends6.2.2 Market Forecast6.3 Contact lenses6.3.1 Market Trends6.3.2 Market Forecast7 Market Breakup by Gender7.1 Men7.1.1 Market Trends7.1.2 Market Forecast7.2 Women7.2.1 Market Trends7.2.2 Market Forecast7.3 Unisex7.3.1 Market Trends7.3.2 Market Forecast8 Market Breakup by Distribution Channel8.1 Optical Stores8.1.1 Market Trends8.1.2 Market Forecast8.2 Independent Brand Showrooms8.2.1 Market Trends8.2.2 Market Forecast8.3 Online Stores8.3.1 Market Trends8.3.2 Market Forecast8.4 Retail Stores8.4.1 Market Trends8.4.2 Market Forecast9 Market Breakup by Region9.1 Europe9.1.1 Market Trends9.1.2 Market Forecast9.2 North America9.2.1 Market Trends9.2.2 Market Forecast9.3 Asia Pacific9.3.1 Market Trends9.3.2 Market Forecast9.4 Middle East and Africa9.4.1 Market Trends9.4.2 Market Forecast9.5 Latin America9.5.1 Market Trends9.5.2 Market Forecast10 Eyewear Manufacturing Process10.1 Product Overview10.2 Raw Material Requirements10.3 Manufacturing Process10.4 Key Success and Risk Factors11 Competitive Landscape11.1 Market Structure11.2 Key Players11.3 Profiles of Key Players11.3.1 Luxottica11.3.1.1 Company Overview11.3.1.2 Description11.3.1.3 Product Portfolio11.3.1.4 Financials11.3.1.5 SWOT Analysis11.3.2 Essilor11.3.2.1 Company Overview11.3.2.2 Description11.3.2.3 Product Portfolio11.3.2.4 Financials11.3.2.5 SWOT Analysis11.3.3 Johnson & Johnson Vision Care11.3.3.1 Company Overview11.3.3.2 Description11.3.3.3 Product Portfolio11.3.4 Safilo11.3.4.1 Company Overview11.3.4.2 Description11.3.4.3 Product Portfolio11.3.5 Alcon11.3.5.1 Company Overview11.3.5.2 Description11.3.5.3 Product Portfolio, For more information about this report visit https://www.researchandmarkets.com/r/b3jszl, "Eyewear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", https://www.researchandmarkets.com/r/b3jszl. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. In 2021, the global eyewear market was valued at USD 156.7 billion. This technology combines objects such as waveguides and liquid crystal foils during the 3D printing process. 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. Outlook on the Eyewear Global Market to 2027 - PR Newswire They have the capability to control or retrieve data from other digital devices while projecting the required information on the lens of the glasses. Marchons main design centers are in New York City and Puos dAlpago, Italy. The escalating sales of luxury and premium eyewear can also be attributed to the evolving purchasing patterns of individuals and the growing preference for asserting and uplifting their social status. With the help of top craftsmanship, it focuses on exceptional designs and quality, enhancing the look of a person without compromising on vision. The global blockchain technology market reached a value of USD 10.41 billion in 2022. For instance, in February 2023, Carrera partnered with Prowl, the lifestyle brand of Indian actor Tiger Shroff, launching the Carrera x Prowl eyewear collection. Major eyewear companies are segmented into the contact lens market and spectacles and sunglasses market. He is currently the Non-Executive Chairman of Driver Group Plc anda Non-Executive Director of Epwin Group Plc. It is expected to reach USD 376.69 billion in the forecast period. b. The market is segregated into retail stores, online stores, and ophthalmic clinics based on the distribution channel.
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