The global glasses frame market is anticipated to grow at a CAGR of 4.9 % during the forecast period (2022-2028). Due to the growing number of people who suffer from vision problems, glasses frames are becoming more popular among them. The growing number of eye clinics around the globe is driving the growth of the market during the forecast period, doctors frequently advise their patients to wear glasses to maintain good eyesight. Furthermore, the growing number of people suffering from myopia, a medical condition that causes difficulties viewing distant objects, creates more demand. According to AOA.ORG data from March 2019, 40 % of the American population is estimated to be suffering from myopia, with the percentage predicted to climb at an alarming rate.
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Furthermore, the development of smart glasses, which have the capacity to not only improve vision but also check social media notifications, provide GPS navigation, check the weather, notifying time, and other functions will further grow the market during the forecast period.
The increasing use of digital devices such as computers, smartphones, tablets, and other gadgets is leading to an increase in eye disorders, which is one of the primary driving factors responsible for market growth during the forecast period. Employees who work long hours, particularly in corporate workplaces, increase demand as a big percentage of the population has visual difficulties. Similarly, many schools and college students who spend long hours reading and writing are at risk of developing eye problems. According to data given by Affordable College Online.Org, a study conducted by AAO predicts that 50 % of graduates will develop short-sightedness.
Due to hectic lifestyles, a shift in inclination towards online purchasing is boosting the glasses frame market share. Product sales through online stores are being driven by technological improvements in the business, such as the launch of visualization tools to try on things online. Online websites provide convenience and are aiming to reduce delivery times, which is expected to drive the market growth over the forecast period. Furthermore, these stores sell low-cost goods and promote them on the internet by offering substantial discounts which will further support the market.
The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in February 2021, EssilorLuxottica launched its first commercial product, using the new Group’s power by strategically merging Essilor and Luxottica’s experiences. The ability to offer premium and lightweight lenses that properly fit the shape and curvature of the Ray-Ban frame, utilizing the newest optical technologies, is the key innovation.
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Competitive Landscape-
Essilor, ZEISS International, Johnson & Johnson Vision Care, Inc., Luxottica Group S.p.A., Hoya Corp., among others.
By Material
- Metal
- Plastic
- Others
By Distribution Channel
- Online
- Offline
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Scope of the Report
The research study analyzes the Global Glasses Frame industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Glasses Frame Market Report
1. What was the Global Glasses Frame Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Glasses Frame Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Glasses Frame Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Glasses Frame market.
- The market share of the Global Glasses Frame market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Glasses Frame market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Glasses Frame market.
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