The Europe Spectacle Market would witness market growth of 6.6% CAGR during the forecast period (2020-2026). Disadvantages associated with extended use of computers, televisions, smartphones, and numerous other digital gadgets will act as a major growth driver for the spectacles market in the coming years. Increased risk of Computer Vision Syndrome (CVS) is expected to boost the demand for anti-glare spectacles and this, in turn, is likely to boost the demand for the spectacles in the market.
Offline stores procured significant revenue of the global spectacle marketplace share in year 2019. High preferences of the consumer towards after-sales service is the major aspect boosting the sales of product through the segment. In addition to it, the optical stores have product choices ranging from cost-effective brands to best products, thus impacting the buying decision of the customer. Several optical stores are also offering low-cost or free check-ups from expert optometrists. Also, these stores are expected to be one of the most favored distribution channels by customers to acquire spectacles as they can get a wide range of services comprising consultation services and eye check-ups.
The increasing aging population along with the prevalence of presbyopia is likely to create many growth possibilities for new entrants. Manufacturers aim to produce various types of spectacles for different activities and tasks such as driving, gaming, and computer use, among others.
Based on Parts, the market is segmented into Lens and Frames. Based on Distribution Channel, the market is segmented into Online and Offline. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Spectacle Market in Europe is expected to register a CAGR of 6.6% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include EssilorLuxottica SA (Essilor Instruments USA), Johnson and Johnson (Johnson and Johnson Vision Care, Inc.), Novartis AG (Ciba Vision), Carl Zeiss AG, Zenni Optical, Inc., Jand, Inc. (Warby Parker), Lenskart Solutions Pvt. Ltd., Hoya Corporation, MODO and Titan Group Limited (Tata Group).
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