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Spectacle Market Report
The Spectacle Market is Segmented by Parts Type (Frames, Lens), by Distribution Channel Type (Offline, Online), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Spectacle Market is Segmented by Parts Type (Frames, Lens), by Distribution Channel Type (Offline, Online), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
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Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
See less...Covid-19 has impacted the market dynamics, competition, and global...
See more...Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Spectacle market to witness a CAGR of 2.1% during the forecast period. The growing demand for spectacle is mainly due to the high predominance of vision-related issues among the youthful age due to extensive usage of smartphones, televisions, computers, and other digital devices.
Spectacle Market - Snapshot |
|
Growth |
2.1% for the next five years |
Major Parts Type |
Lens |
Major Distribution Channel Type |
Offline |
Region with the highest demand |
North America |
Key Players |
Ciba Vision, Essilor, HOYA Corporation, Johnson & Johnson Vision, Lenskart, MODO, Titan Company Limited, Warby Parker, ZEISS International, and Zenni Optical, Inc. |
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Based on the parts type, the market is segmented as frames and lens. The lens segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The growth of the segment can be attributed due to the rising concerns in the eyesight of every age group on account of extensive usage of electronic devices and increasing age. In addition, the demand for single vision, bifocal, and trifocal is increasing because of these reasons.
Based on the distribution channel type, the market is segmented as offline and online. The offline segment is expected to remain dominant during the forecast period due to personal assistance, customization, and convenience to the consumers in physical stores such as optical shop or specialty stores. Further, they provide easy repair and exchange services to customers.
In terms of regions, North America is estimated to be the largest market for spectacles during the forecast period, with the USA, Canada, and Mexico being the major countries offering substantial growth opportunities. The growth of the region’s market is owing to the increasing aged population and their concerns regarding eyesight.
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Spectacles are optical instruments consisting of a frame that holds a pair of lenses for correcting defective vision of an individual.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Spectacle Market Research Report - Features |
|
Market Segmentation |
3 |
Regions Covered |
4 |
Countries/Sub-Regions Covered |
17 |
No. of Figures & Tables |
>150 |
Company Profiles |
10 |
The spectacle market is segmented into the following categories.
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Some of the major spectacle manufacturers are-
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The spectacle market is expected to witness an impressive growth of 2.1% CAGR in the foreseeable future.
Ciba Vision, Essilor, HOYA Corporation, Johnson & Johnson Vision, Lenskart, MODO, Titan Company Limited, Warby Parker, ZEISS International, and Zenni Optical, Inc are among the key players in the spectacle market.
North America is expected to be the largest spectacle market during the next five years.
The lens segment is expected to remain dominant in the spectacle market in the coming years.
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