The global full glasses frame market size is expected to expand at a notable pace owing to the growing number of people suffering from eyesight problem due to increased usage of electronic devices, observes Fortune Business Insights™ in its report, titled “Full Glasses Frame Market, 2022-2029”.
A data by AOA.ORG published in March 2019, suggests that around 40% of American Population is suffering from myopia. Moreover this number is expected to increase at a dramatic rate due to increased screen time of people on digital devices.
The negative effect of the global pandemic, COVID-19, has been felt across several economies facing unprecedented loss. Despite many eyewear of medical nature, the industry faced loss due to disruption in logistic service and lack of equipment and materials required to manufacture glasses. Additionally, sudden lockdown across the globe hampered the cross-border trade. This led the various businesses to face financial stress and thus the eyewear market witnessed significant shrink because of the pandemic.
Fortune Business Insights™ lists out all the commercial full glasses frame market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
The global market for full glasses frame report provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market’s growth.
Increasing Vision Problem in kids & Adults to Propel the Market Growth
The increased usage of computers, laptop, tablet and smartphones for longer hours has contributed to vision problems in adults as well as kids. This is expected to drive full glasses frame market growth in upcoming years. For instance, the pandemic shifted the normal study mode to online platforms and thus students faced computer screens for prolonged hours. This has adversely affected their eyesight. A report by Affordable College Online. Org states that 50% of graduates are suffering from short sightedness as a result of increased screen time.
On the other hand, increased popularity of laser treatment and usage of contact lenses are negatively affecting the market growth.
Asia Pacific to Dominate Backed by Presence of Manufactures in the Region
Asia Pacific is expected to remain at forefront during the forecast period. This is attributable to the increasing manufacturing of eyewear in countries such as India and China. Besides, the increasing air pollution in India has led the major population to use glasses to protect their eyes from harmful gaseous emissions. Additionally, large population of adults playing video games has caused blurry vision in them. A report by Japanese Times states that 12% of its youth play video games for six hours on a regular basis thus causing vision problems. Therefore there is an increased demand for eyeglasses in the region.
North America is anticipated to hold a major full glasses frame market share in foreseeable years owing to increased quality of life of people in the United States. Additionally, the presence of a large number of ophthalmologists in the region is promoting the regional market.
Based on the material type, the market is divided into metal, plastic and others. On the basis of its quality it is trifurcated into high, standard and low. By the end user it is segmented into below 16 years, 16-50 years and 50 years. Lastly, based on region, the market is categorized into North America, Europe, Asia-Pacific, South America and the Middle East & Africa.
Key Players to Focus on New Product Launches & Collaborations to Intensify Competition
The market is consolidated by the presence of major companies that are striving to maintain their position by focusing on building new products and collaborations. For instance, in May 2019, Chloe Seigny and Varby Parker collaborated to launch a new eyewear line. By this the brand is trying to recreate its sales achievements of IT girl collaboration. Moreover, other key players are adopting proactive strategies such as new product launches, mergers, and facility expansion to favor the market’s growth in the forthcoming years.
The Global Full Glasses Frame Market Research/Analysis Report Contains Answers to your following Questions:
Which Manufacturing Technology is used for Full Glasses Frame? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Full Glasses Frame Market? What are Their Company Profile, Their Product Information, and Contact Information?
What Was Global Market Status of Full Glasses Frame Market? What Was Capacity, Production Value, Cost and PROFIT of Full Glasses Frame Market?
What Is Current Market Status of Full Glasses Frame Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Full Glasses Frame Market Trends by Taking Applications and Types in Consideration?
What Are Projections of Global Full Glasses Frame Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
What Is Full Glasses Frame Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is Economic Impact On Full Glasses Frame Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Full Glasses Frame Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Full Glasses Frame Industry?
December 2019: Blender Eyewear acquired Safilo Group for USD 90 million. This acquisition is expected to offer customer cost effective glasses of premium quality.
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