Global Eyewear Market to Reach US$ 166,509.5 Mn by 2026 - Persistence Market Research

Titled as "Global Market Study on Eyewear: Plano Sunglasses Product Type Segment Expected to Dominate the Global Eyewear Market in Terms of Value and Volume During 2016- 2026 (http://www.persistencemarketresearch.com/market-research/eyewear-market.asp) ," the report estimates that the global eyewear market is presently valued over US$ 95,000 Mn, and will ascend steadily at 5.8% CAGR. In 2016, more than 1,300 million units of eyewear were globally consumed, and this number is expected to surpass 2,100 million units by the end of 2026. Key factors influencing the growth of global eyewear market include: 

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The report reveals that throughout the forecast period, plano sunglasses will remain top-selling eyewear product in the world. Along with spectacles, plano sunglasses will be dominating with more than three-fourth of global revenues by 2026-end. Demand for mid-priced eyewear products will remain high, while products offered in low and premium price range will lose traction in the years to come. Company outlets or franchisee outlets will be the largest distribution channels for eyewear products in the world, accounting for around 30% share of global revenues. Meanwhile, revenues amassed from online sites or e-commerce platforms will have registered growth at 7.4% CAGR.

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North America and Western Europe will collectively be the most lucrative regions for eyewear businesses - accounting for over US$ 100,000 Mn revenues by 2026-end. Demand for eyewear products will also continue to gain traction in the Asia-Pacific excluding Japan region, Middle East & Africa, Japan, and Eastern Europe. Key eyewear manufacturers profiled in the report include, Luxottica Group SpA, Essilor International SA, Carl Zeiss AG, Hoya Corporation (Life Care), Johnson & Johnson Vision Care, Inc., Cooper Companies, Inc., Fielmann AG., Safilo Group Spa, Marcolin SpA, and De Rigo SpA. 

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