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NEW YORK, May 26, 2021 /PRNewswire/ The eyewear market is set to grow by USD 57.69 billion, progressing at a CAGR of almost 8% during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Eyewear Market by Product and Geography - Forecast and Analysis 2020-2024
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bausch Health Companies Inc, Carl Zeiss AG, De Rigo Vision Spa, EssilorLuxottica, Fielmann AG, Hoya Corp, Kering SA, Marcolin Spa, Rodenstock GmbH, and Safilo Group Spa are some of the major market participants. The increasing prevalence of vision disorder will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while mai
Published: Apr 19, 2021
Fluttering high in the air, the eyewear market is sure to create some buzz. Seeing the incredible market growth, it is sure to become one of the profitable markets in the near future. The increase in vision-related diseases such as hypermetropia, myopia, and presbyopia has brought about a surge in the eyewear market. Youngsters in large numbers don’t leave the screen. This increased the number of vision disorders, thus further boosting the eyewear market.
The report provides an extraordinary assessment of the eyewear market with a good focus on market dynamics, geographical distribution, and competitive analysis. Growth rate analysis and revenue share predictions of vital segments are some significant features of the report that markets stakeholders can look upon to create great growth strategies.
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NEW YORK, April 5, 2021 /PRNewswire/ Spectacles or reading glasses have been around for ages, but over the past few decades, popularity of sunglasses has surged as an outdoor accessory, leading to high product innovation to appeal to more consumers. Polarized sunglasses are specialized eyewear designed to minimize the glare from surfaces such as water, snow, and glass. Photochromatic lenses automatically darken the outdoors and lighten the indoors, mirroring versatility, as these are eyeglasses and sunglasses rolled into a single set of frame.
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Demographic developments across regions also play an important role in the structural growth of the eyewear industry. Demographic factors such as age and eye disorders such as myopia and glaucoma, among others, have held much importance in the product development scenario.
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Technavio has been monitoring the eyewear market and it is poised to grow by USD 57.69 billion during 2020-2024, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Eyewear Market 2020-2024 (Graphic: Business Wire) Click Get Free sample report in minutes
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the eyewear market. The market grow