Learn Details Of The Eyewear Market Will Be Valued At US$ 166,509.5 Mn By 2026
Verfasser: yogesh on Friday, 7 December 2018Eyewear products spanned across the globe have become one of the most iconic consumer goods of the decade. People from diverse cultures and vast demographic differences are becoming consumers of the global eyewear market. Age factor and eye problems are no longer the only factors prompting the eyewear sales in retail stores. Growing sense of presentable appearance, blended with the influence of trending fashion, has made youngsters from various parts of the world potential buyers for eyewear products such as sunglasses. Lifestyle choices such as active participation in outdoor excursions or excessive exposure to media devices such as TVs or gaming consoles has also induced growth in the global demand for eyewear products. A latest report published by Persistence Market Research projects that by the end of 2026, around US$ 166,509.5 Mn worth of eyewear products will be sold in the world.
Titled as “Eyewear Market: Global Industry Analysis and Forecast, 2016-2026,” the report estimates that the global eyewear market is presently valued over US$ 95,000 Mn, and will ascend steadily at 5.8% CAGR. In 2016, more than 1,300 million units of eyewear were globally consumed, and this number is expected to surpass 2,100 million units by the end of 2026. Key factors influencing the growth of global eyewear market include: