Consumers are attracted to innovative frame designs and
materials, such as hypoallergenic and lightweight alternatives. The
augmented reality (AR) and smart glasses markets are expanding as
well.
WILMINGTON, Del., July 22, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Glasses Frame Market
by Shape (Rectangle, Round, Cat Eye, Square, Aviator, Hexagon,
Wayfarer, and Others) and By Country (France, Italy, UK, Japan, United
States, and South Korea):
Global Opportunity Analysis and Industry Forecast, 2024-2035".
According to the report, the global glasses frame market was valued
at $14,026.9 million in 2023, and is
projected to reach $26,419.3 million
by 2033, registering a CAGR of 6.8% from 2024 to 2033.
Download Sample Pages of Research Overview:
https://www.alliedmarketresearch.com/request-sample/A14400
Prime determinants of growth
The growing prevalence of vision issues and growing awareness of
eye health are factors driving up demand for corrective eyewear.
Comfort and style are improved by technological developments in
frame materials and innovative design, attracting a larger customer
base. The growing trend for fashionable and designer frames is also
fueled by the influence of celebrity sponsorships and an
increasingly fashion-conscious populace. Increased consumer access
to a wider range of options is another benefit of the growth of
e-commerce platforms, which increases sales. Furthermore, since
older persons frequently use prescription eyewear, the aging of the
global population particularly in industrialized regions further
promotes market expansion.
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2033
|
Base Year
|
2023
|
Market Size in
2023
|
$14,026.9
million
|
Market Size in
2033
|
$26,419.3
million
|
CAGR
|
6.8 %
|
No. of Pages in
Report
|
280
|
Segments
Covered
|
Shape and
Country
|
Drivers
|
- Rise in the aging population
- Increase in screen time and digital
device usage
- Increased spending on luxury
eyewear
|
Opportunities
|
- Advances in 3D printing technology for
frame manufacturing
- Growth in demand for eco-friendly and
sustainable frames
|
Restraints
|
- Increase in prevalence of counterfeit
products
- Limited distribution networks in rural
areas
|
Procure Complete Report (280 Pages PDF with Insights, Charts,
Tables, and
Figures):
https://tinyurl.com/5hfkhynt
The rectangle segment to maintain its leadership status
throughout the forecast period.
By shape, the rectangle segment held the highest market share in
2023, accounting for nearly two-fifths of the glasses frame market
share and is estimated to maintain its leadership status throughout
the forecast period. Many iconic eyewear brands, such as Ray-Ban
and Persol, have rectangle frame styles that have become part of
their brand heritage and identity, appealing to consumers who
desire these classic designs. The wayfarer segment showcases the
fastest CAGR of 7.9% during the forecast period. The demand for
wayfarer frames has rapidly increased in the global glasses frame
market due to their enduring style and versatile design.
United States to maintain
its dominance by 2033
Based on the country, the United
States held the highest market share in terms of revenue in
2023 and is likely to dominate the market during the forecast
period. Consumers in the U.S. prioritize style along with
functionality, opting for frames that offer comfort and durability.
However, Japan is expected to
witness the fastest CAGR of 8.7% from 2024-2033. The glasses frame
industry in Japan is expected to
thrive, driven by craftsmanship, technological advancement, and a
deep-rooted culture of excellence in design and manufacturing.
Want to Access the Statistical Data and Graphs, Key Players'
Strategies:
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Leading Market Players: -
- Charmant Group
- De Rigo Vision S.P.A.
- EssilorLuxottica
- Fielmann Group AG
- Marchon Eyewear, Inc.
- Mondottica Limited
- Safilo Group S.P.A
- Silhouette International Schmied AG
- Tory Burch LLC.
- Warby Parker
The report provides a detailed analysis of these key players in
the glasses frame market. The report is valuable in highlighting
business performance, operating segments, product portfolio, and
strategic moves of market players to showcase the competitive
scenario.
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