Reading Glasses Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 9/22/2022
- NO OF PAGES
- 234
- CATEGORY
- Retails & Consumer
In 2021, the market for Reading Glasses worldwide was worth $15.37 billion US dollars. AMR Group projects that the market will reach US$ 23.65 billion by 2031, growing at a CAGR of 5.7 percent between 2022 and 2031.
Industry Overview
Reading glasses are corrective eyeglasses used to correct presbyopia, a condition in which the eyes gradually lose the ability to focus on nearby objects. Presbyopia is a natural part of aging, and typically affects people over the age of 40. Reading glasses have a convex lens that magnifies nearby objects, making them appear larger and clearer to the eyes. They are designed to be worn only when reading or doing other close work, such as sewing or using a computer. Reading glasses are available over-the-counter without a prescription, and come in various strengths or diopters, ranging from +1.00 to +4.00 diopters or higher, depending on the individual's needs.
Market Dynamics
The market for reading glasses is driven by several key dynamics, including: The increasing aging population is a significant driver of the market for reading glasses, as presbyopia is a natural part of aging, and more people require reading glasses as they grow older. The growing use of computers, smartphones, and other digital devices has increased the prevalence of eye strain and other vision problems, leading to a greater demand for reading glasses. Greater awareness of presbyopia and the benefits of reading glasses has led to an increase in demand for these products, particularly in emerging markets.
The development of new materials and designs for reading glasses has led to more comfortable and stylish products, driving demand for reading glasses among fashion-conscious consumers. The availability of reading glasses without a prescription has made them more accessible to consumers, further driving demand. Pricing strategies and competition among manufacturers and retailers can significantly impact the market for reading glasses, as consumers are often sensitive to price and may switch brands or retailers to save money. Overall, the market for reading glasses is expected to continue to grow, driven by factors such as demographic shifts, increasing awareness, and technological advancements, as well as emerging trends in fashion and design.
COVID Impact
The COVID-19 pandemic has had a mixed impact on the market for reading glasses. On one hand, the pandemic has led to an increase in demand for reading glasses, as more people are working from home and spending increased amounts of time on computers and other digital devices. This has resulted in greater eye strain and other vision problems, leading to a greater need for reading glasses. However, the pandemic has also disrupted global supply chains, leading to shortages of certain materials and components used in the production of reading glasses. This has resulted in production delays and increased costs for manufacturers, which may be passed on to consumers in the form of higher prices. In addition, the pandemic has led to a decrease in foot traffic at brick-and-mortar retail stores, which has affected sales of reading glasses in these channels. However, online sales of reading glasses have increased during the pandemic, as consumers have turned to e-commerce platforms to purchase these products. Overall, while the COVID-19 pandemic has had some negative impacts on the market for reading glasses, the underlying drivers of demand for these products remain strong, and the market is expected to continue to grow in the coming years.
Regional Trend
The market for reading glasses varies by region, with different factors driving demand in different parts of the world. Here is a brief overview of regional dynamics in the market for reading glasses: The North American market for reading glasses is driven by factors such as the aging population, increasing prevalence of presbyopia, and the growing use of digital devices. The market is highly competitive, with a large number of players offering a wide range of products. The European market for reading glasses is also driven by the aging population, along with a growing focus on health and wellness. There is a trend toward more fashionable and design-driven products, with consumers willing to pay more for higher quality and better style.
The Asia Pacific market for reading glasses is driven by a large and growing middle class, along with increasing awareness of vision problems and the benefits of corrective eyewear. There is a trend toward more affordable and value-driven products, with a growing number of local manufacturers competing with global brands. The Latin American market for reading glasses is driven by a large and growing population, along with increasing access to healthcare and rising disposable incomes. There is a trend toward more affordable and basic product, with a focus on functional rather than fashion-forward designs. The Middle East and African market for reading glasses is driven by factors such as population growth, increasing urbanization, and rising incomes. There is a trend toward more basic and functional product, with a focus on affordability and accessibility. Overall, the market for reading glasses varies by region, with different factors driving demand and different consumer preferences and price points. Companies operating in this market need to be aware of these regional differences and tailor their strategies accordingly.
Competitive Landscape
The market for reading glasses is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in this market include:
Luxottica Group S.p.A.: A leading Italian eyewear company, Luxottica Group produces a range of reading glasses under its various brands, including Ray-Ban, Oakley, and Vogue.
Essilor International S.A.: A French company specializing in ophthalmic lenses and optical equipment, Essilor offers a range of reading glasses under its various brands, including Varilux and Crizal.
Carl Zeiss AG: A German company specializing in optical and optoelectronic technology, Carl Zeiss produces a range of reading glasses under its Zeiss Vision Care brand.
Alcon Inc.: A Swiss company specializing in eye care products, Alcon produces a range of reading glasses under its Alcon Vision Care brand.
Foster Grant: An American brand specializing in reading glasses and other eyewear products, Foster Grant offers a range of affordable and stylish reading glasses through various retail channels.
EyeBuyDirect: An online retailer of prescription eyewear, EyeBuyDirect offers a range of affordable reading glasses with customizable lenses and frames. Other notable players in the market for reading glasses include Zenni Optical, Warby Parker, and LensCrafters, among others.
Market Segmentation
The market for reading glasses can be segmented based on several factors, including:
Lens Material: Reading glasses can be made from a variety of materials, including glass, plastic, and polycarbonate. Polycarbonate lenses are popular due to their durability, scratch resistance, and light weight.
Frame Material: Frames for reading glasses can be made from various materials, including metal, plastic, and wood. The choice of material can impact the overall style, durability, and weight of the glasses.
Lens Strength: Reading glasses come in different strengths or diopters, ranging from +1.00 to +4.00 diopters or higher. The strength required will depend on the individual's degree of presbyopia.
Gender: Reading glasses may be marketed specifically to men or women, with different styles and colors targeted to each demographic.
Age Group: Reading glasses may be targeted to specific age groups, such as those over 40 or over 60, based on the prevalence of presbyopia in these populations.
Distribution Channel: Reading glasses may be sold through various channels, including brick-and-mortar stores, online retailers, or specialty eyewear stores.
Geography: The market for reading glasses may vary by region, with different demand drivers, consumer preferences, and competitive landscapes in different parts of the world. Overall, the segmentation of the market for reading glasses reflects the diverse needs and preferences of consumers, and provides opportunities for manufacturers and retailers to tailor their products and marketing strategies to specific segments of the market.
Global Reading Glasses Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
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Historic Year: 2016-2022
Forecast: 2024-2035
1 Reading Glasses Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Reading Glasses
1.3 Reading Glasses Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Reading Glasses
1.4.2 Applications of Reading Glasses
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 J and S vision Market Performance Analysis
3.1.1 J and S vision Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 J and S vision Sales, Value, Price, Gross Margin 2016-2021
3.2 ZEISS Market Performance Analysis
3.2.1 ZEISS Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 ZEISS Sales, Value, Price, Gross Margin 2016-2021
3.3 Duco Protection Market Performance Analysis
3.3.1 Duco Protection Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Duco Protection Sales, Value, Price, Gross Margin 2016-2021
3.4 Gunnar Market Performance Analysis
3.4.1 Gunnar Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Gunnar Sales, Value, Price, Gross Margin 2016-2021
3.5 Pixel Eyewear Market Performance Analysis
3.5.1 Pixel Eyewear Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Pixel Eyewear Sales, Value, Price, Gross Margin 2016-2021
3.6 Essilor Market Performance Analysis
3.6.1 Essilor Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Essilor Sales, Value, Price, Gross Margin 2016-2021
3.7 AltecVision Market Performance Analysis
3.7.1 AltecVision Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 AltecVision Sales, Value, Price, Gross Margin 2016-2021
3.8 Zenni Optical Market Performance Analysis
3.8.1 Zenni Optical Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Zenni Optical Sales, Value, Price, Gross Margin 2016-2021
3.9 Ambr Eyewear Market Performance Analysis
3.9.1 Ambr Eyewear Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Ambr Eyewear Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Reading Glasses Production and Value by Type
4.1.1 Global Reading Glasses Production by Type 2016-2021
4.1.2 Global Reading Glasses Market Value by Type 2016-2021
4.2 Global Reading Glasses Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Men Market Production, Value and Growth Rate
4.2.2 Women Market Production, Value and Growth Rate
4.3 Global Reading Glasses Production and Value Forecast by Type
4.3.1 Global Reading Glasses Production Forecast by Type 2021-2026
4.3.2 Global Reading Glasses Market Value Forecast by Type 2021-2026
4.4 Global Reading Glasses Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Men Market Production, Value and Growth Rate Forecast
4.4.2 Women Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Reading Glasses Consumption and Value by Application
5.1.1 Global Reading Glasses Consumption by Application 2016-2021
5.1.2 Global Reading Glasses Market Value by Application 2016-2021
5.2 Global Reading Glasses Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Professional Use Market Consumption, Value and Growth Rate
5.2.2 Personal Use Market Consumption, Value and Growth Rate
5.3 Global Reading Glasses Consumption and Value Forecast by Application
5.3.1 Global Reading Glasses Consumption Forecast by Application 2021-2026
5.3.2 Global Reading Glasses Market Value Forecast by Application 2021-2026
5.4 Global Reading Glasses Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Professional Use Market Consumption, Value and Growth Rate Forecast
5.4.2 Personal Use Market Consumption, Value and Growth Rate Forecast
6 Global Reading Glasses by Region, Historical Data and Market Forecasts
6.1 Global Reading Glasses Sales by Region 2016-2021
6.2 Global Reading Glasses Market Value by Region 2016-2021
6.3 Global Reading Glasses Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Reading Glasses Sales Forecast by Region 2021-2026
6.5 Global Reading Glasses Market Value Forecast by Region 2021-2026
6.6 Global Reading Glasses Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Reading Glasses Value and Market Growth 2016-2021
7.2 United State Reading Glasses Sales and Market Growth 2016-2021
7.3 United State Reading Glasses Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Reading Glasses Value and Market Growth 2016-2021
8.2 Canada Reading Glasses Sales and Market Growth 2016-2021
8.3 Canada Reading Glasses Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Reading Glasses Value and Market Growth 2016-2021
9.2 Germany Reading Glasses Sales and Market Growth 2016-2021
9.3 Germany Reading Glasses Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Reading Glasses Value and Market Growth 2016-2021
10.2 UK Reading Glasses Sales and Market Growth 2016-2021
10.3 UK Reading Glasses Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Reading Glasses Value and Market Growth 2016-2021
11.2 France Reading Glasses Sales and Market Growth 2016-2021
11.3 France Reading Glasses Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Reading Glasses Value and Market Growth 2016-2021
12.2 Italy Reading Glasses Sales and Market Growth 2016-2021
12.3 Italy Reading Glasses Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Reading Glasses Value and Market Growth 2016-2021
13.2 Spain Reading Glasses Sales and Market Growth 2016-2021
13.3 Spain Reading Glasses Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Reading Glasses Value and Market Growth 2016-2021
14.2 Russia Reading Glasses Sales and Market Growth 2016-2021
14.3 Russia Reading Glasses Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Reading Glasses Value and Market Growth 2016-2021
15.2 China Reading Glasses Sales and Market Growth 2016-2021
15.3 China Reading Glasses Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Reading Glasses Value and Market Growth 2016-2021
16.2 Japan Reading Glasses Sales and Market Growth 2016-2021
16.3 Japan Reading Glasses Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Reading Glasses Value and Market Growth 2016-2021
17.2 South Korea Reading Glasses Sales and Market Growth 2016-2021
17.3 South Korea Reading Glasses Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Reading Glasses Value and Market Growth 2016-2021
18.2 Australia Reading Glasses Sales and Market Growth 2016-2021
18.3 Australia Reading Glasses Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Reading Glasses Value and Market Growth 2016-2021
19.2 Thailand Reading Glasses Sales and Market Growth 2016-2021
19.3 Thailand Reading Glasses Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Reading Glasses Value and Market Growth 2016-2021
20.2 Brazil Reading Glasses Sales and Market Growth 2016-2021
20.3 Brazil Reading Glasses Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Reading Glasses Value and Market Growth 2016-2021
21.2 Argentina Reading Glasses Sales and Market Growth 2016-2021
21.3 Argentina Reading Glasses Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Reading Glasses Value and Market Growth 2016-2021
22.2 Chile Reading Glasses Sales and Market Growth 2016-2021
22.3 Chile Reading Glasses Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Reading Glasses Value and Market Growth 2016-2021
23.2 South Africa Reading Glasses Sales and Market Growth 2016-2021
23.3 South Africa Reading Glasses Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Reading Glasses Value and Market Growth 2016-2021
24.2 Egypt Reading Glasses Sales and Market Growth 2016-2021
24.3 Egypt Reading Glasses Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Reading Glasses Value and Market Growth 2016-2021
25.2 UAE Reading Glasses Sales and Market Growth 2016-2021
25.3 UAE Reading Glasses Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Reading Glasses Value and Market Growth 2016-2021
26.2 Saudi Arabia Reading Glasses Sales and Market Growth 2016-2021
26.3 Saudi Arabia Reading Glasses Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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