Global Glasses Frame Market is expected to gain a significant CAGR in the forthcoming period. Eyewear industry gains significance due to the rising prevalence of myopia and nearsightedness in children and adults due to environmental and genetic factors which has enabled a higher demand for special glass frames.
Commercially, technological advancements and lifestyle changes exhibit open exposure to smartphones and other gadgets ultimately resulting into eye strain and other disorders related to eye. Therefore, the growing awareness pertaining to importance of eye protection is anticipated in sales of glass frame products in the forthcoming period.
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Driving factors responsible for the growth of glasses frame market includes rise in disposable income and consumer emphasis on fashion accessories adds to the market growth. Also, the rise in popularity and vendor emphasis to introduce innovative eyewear to suffice consumer needs and preference adds to the growth of the market.
Based on segmentation by product, the glasses frame market includes spectacles, contact lenses and Plano sunglasses. Spectacles is further bifurcated into spectacle frames and spectacle lenses. Plano sunglasses is further categorized into polarized sunglasses, non-polarized sunglasses, CR-39 Sunglasses, polycarbonate sunglasses and polyurethane sunglasses.
Geographically, glasses frame market spans North America, Latin America, Asia-Pacific, Middle-East and Africa. APAC regions is expected to gain a positive traction in the glasses frame market owing to dense population. Europe market is also expected to gain a positive traction in the forthcoming period owing to presence of strong players in the market which have gained positive prospects in these regions.
North America market is also gaining a positive traction in the forthcoming period owing to rising popularity amongst the masses. MEA regions are also expected to gain a positive traction in the forthcoming period. The key players in the glasses frame market include Bausch & Lomb Inc, Cooper Vision Inc, Fielmann AG, Luxottica Group S.p.A. and Safilo Group S.p.A
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