Global Eyeglasses Market to Reach 3.03 Billion Units by 2010, According to New Report by Global Industry Analysts, Inc.
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Driven by changes in vision among the rapidly aging world population, growing instances of refractive errors among younger individuals, and greater participation in outdoor activities, demand for eyeglasses is projected to reach 3.03 billion units by the year 2010. Primary growth areas in the eyeglasses market include sunglasses, particularly premium sunglasses, multi-focals, especially progressive addition lenses and polycarbonate lenses. San Jose, CA (PRWEB) April 17, 2008 -- Eyeglasses are no longer just an aid to rectify vision defects, today they are a symbolic fashion image. Eyewear industry is experiencing a rise in demand for latest designs in non-prescription reading glasses from senior citizens. Comfort in clarity of vision and safety from the growing threat of hazardous UV radiations are the prime concern for this clientele and equally important is the image projection. From the gloomy black plastic frame reading glasses, the trendy baby boomers are drifting towards radiant styles and frames made available in a spectrum of colors. Reading glasses are not left behind either, a wide range of styles, frames, materials colors exist to select from to suit an individual's persona. Emerging niches in the eyeglasses market include sport-specific or performance eyewear and children's eyewear. Awareness of harmful effects of ultraviolet rays across the globe is expected to be a significant driver of growth for sunglasses. Use of plastic lenses is gradually eclipsing the use of glass lenses. Presently, eyeglass lenses are available in three basic materials - glass, plastic, and polycarbonate. Eyeglass lenses are subjected to photochromic treatments for improved visibility; coated with an antireflection sheet; and polarized and hardened for extended durability. Market for lenses in Europe is forecast to reach US$16.3 billion by the year 2012, as stated by Global Industry Analysts, Inc. Progressive Addition, the fastest growing lens material, is projected to notch worldwide sales of 226.06 million units by the year 2015. In the frames market, frames made from light and strong materials such as titanium and monel are expected to score the maximum gains. Technology for photochromic lenses, though not very popular currently, is expected to pick up pace and result in substantial growth in the segment. Major factors influencing growth in the spectacles frames market include natural replacement cycles, increase in average life span in several countries, increased expenditure on healthcare, greater usage of computers in workplaces prompting early spectacle use, increasing degree of fashion consciousness among people, and shift from one pair to several pairs of glasses. Men's eyewear is fast catching up with the growing acceptance of sunglasses in formal dressing. Cherished for their fashion statements', there exists strong demand for designer labels that range from anti-glare glasses to laser logos on temples and lenses. Latest styles include a trend shift towards plastic frames from the heavy metallic frames. Sunglasses have entered the yearlong wannabe list of consumer accessories that affirm a status symbol of a person more than just cooling glasses. With the foray of designer brands and fuelled by the media specifically the movies, this segment has created a niche for itself symbolizing style and status. Besides, brand names, this segment is witnessing a trend shift towards exquisite frames with split temples adorned with pearls, precious stones, logo hinges, and others. Rimless sunglasses are still the hottest desirable models available in an array of metal and plastic makes. Key players dominating the eyeglasses market at both the global and regional levels include Bausch & Lomb, The Carl Zeiss Group, De Rigo S.p.A., Essilor International, Hoya Corporation, Indo Internacional S.A., Luxottica Group S.p.A., Oakley, Inc., Safilo Group S.p.A., TEK Optical Canada, Fisherman Eyewear, Johnson & Johnson Vision Care Inc., Marchon Eyewear Inc., Transitions Optical Inc., Sundog Distributing Inc., Paris Miki, Inc., Tokai Optical Co. Ltd., L'Amy Group, Alpina International, Rodenstock, Schott AG, OPSM Pty Ltd, and Shamir Optical Industry Ltd, among others. The report titled "Eyeglasses: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends and drivers, competitive scenario, product overview, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in value and volume sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World by the following product group/segments - Lenses (Glass, Plastic, and MHI & Polycarbonate), Frames (Metal and Plastic), and Sunglasses (Premium-Priced and Popular-Priced). For more details about this research report, please visit http://www.strategyr.com/Eyeglasses_Market_Report.asp. About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide. Global Industry Analysts, Inc.
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