Glasses Frame Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0193199
  • Format: Electronic (PDF)
  • Number of Pages: 207
  • Author(s): Joshi, Madhavi

Report Overview

The Glasses Frame Market size was estimated at USD 28 billion in 2023 and is projected to reach USD 42 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.50% during the forecast period (2024-2030).

Glasses Frame Market

(Market Size)
$28 billion
$42 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 6.50%
2023 Market Size USD 28 billion
2030 Market Size USD 42 billion
Key Players Luxottica, EssilorLuxottica, Safilo, Marchon, De Rigo

Market Summary

The glasses frame market is a significant segment within the consumer goods industry, characterized by its dynamic nature and responsiveness to evolving consumer preferences and fashion trends. This market encompasses the design, production, and distribution of frames used for prescription eyeglasses, sunglasses, and safety glasses. It serves a diverse consumer base, ranging from individuals with vision correction needs to those seeking fashion accessories or protective eyewear. The industry is highly competitive, with numerous players ranging from large multinational corporations to niche artisans and designers. Key factors influencing the market include demographic shifts, such as an aging population requiring vision correction, increasing screen time leading to higher incidence of eye strain, and growing awareness of UV protection. The market is also influenced by economic conditions, as discretionary spending on fashion-oriented frames can fluctuate. Sustainability and ethical production practices are becoming increasingly important to consumers, driving innovation in materials and manufacturing processes. The rise of e-commerce has transformed distribution channels, allowing direct-to-consumer sales and virtual try-on technologies, though brick-and-mortar optical stores remain important for fittings and professional services. Technological advancements, such as 3D printing and lightweight materials, are also shaping product development and customization options.

Key Highlights

The glasses frame market is distinguished by several key highlights that underscore its current state and trajectory. Fashion integration remains a paramount driver, with frames being regarded as essential fashion accessories, leading to collaborations between optical companies and high-end fashion designers. Material innovation is another critical area, with advancements in acetate, titanium, stainless steel, and bio-based materials enhancing durability, comfort, and sustainability. The market sees continuous introduction of new designs, colors, and shapes to cater to diverse aesthetic preferences and face shapes. Brand positioning is highly stratified, with luxury brands competing on prestige and design exclusivity, while value-oriented brands focus on affordability and functionality. The growth of online retail has been a game-changer, enabling companies to reach global audiences and offer personalized shopping experiences through augmented reality tools. Furthermore, the increasing prevalence of myopia and other vision disorders, particularly in younger demographics, sustains steady demand for prescription frames. The market is also witnessing a blurring of lines between optical and non-optical retailers, with fashion stores and online platforms expanding their eyewear offerings. Regulatory aspects, such as safety standards and certification requirements, also play a crucial role in product development and market access.

Drivers, Opportunities & Restraints

The glasses frame market is propelled by several key drivers. The increasing global prevalence of vision impairment and eye disorders, coupled with a growing aging population, creates a consistent demand for prescription eyewear. Rising consumer disposable income, especially in emerging economies, allows for greater expenditure on premium and fashion-oriented frames. The heightened focus on personal style and self-expression fuels the desire for multiple pairs of glasses for different occasions. Growing awareness of the harmful effects of UV radiation drives the demand for protective sunglasses. The expansion of e-commerce and digitalization facilitates easier access to a wider variety of products and competitive pricing. However, the market faces significant restraints. Intense competition often leads to price wars and margin pressure for manufacturers and retailers. The market is susceptible to economic downturns, as eyewear can be considered a discretionary purchase. Counterfeiting and the proliferation of imitation products pose a threat to brand integrity and revenue for established players. Supply chain complexities and reliance on specific raw materials can lead to volatility in production costs and timelines. Despite these challenges, numerous opportunities exist. The untapped potential in emerging markets presents a significant growth avenue. The rising trend of blue light filtering lenses for digital device users opens a new product category. Sustainability presents a major opportunity, with growing consumer interest in eco-friendly materials, recycled products, and circular business models. Advancements in customization and made-to-order frames, leveraging technologies like 3D scanning and printing, allow companies to offer unique value propositions and enhance customer engagement.

Concentration Insights

The global glasses frame market exhibits a mixed structure of concentration. It is characterized by the presence of a few large, multinational conglomerates that hold a significant share of the market through their portfolio of owned and licensed brands. These industry giants, such as EssilorLuxottica, Safilo Group, and Kering Eyewear, benefit from extensive global distribution networks, strong brand recognition, and economies of scale in manufacturing and marketing. They often control a wide range of brands, from luxury designer labels to more accessible mainstream names. Alongside these behemoths, there is a substantial and vibrant segment of small and medium-sized enterprises (SMEs) and independent designers. These players often compete by focusing on niche markets, offering unique designs, artisanal craftsmanship, specialized materials, or a direct-to-consumer business model that fosters a strong community connection. The market concentration is therefore not monolithic; while the top players dominate in terms of volume and revenue share, the long tail of smaller brands contributes significantly to innovation, diversity, and catering to specific consumer subcultures. This structure leads to a competitive landscape where scale and branding power compete with agility and specialization.

Type Insights

The glasses frame market is segmented by type, primarily distinguished by material and construction. Full-rim frames, where the lens is fully surrounded by the frame material, are a classic and popular choice known for their durability and wide variety of styles. They are commonly made from acetate or metal alloys. Semi-rimless frames, also known as half-rim frames, feature a frame that only partially surrounds the lens, typically on the top portion, offering a lighter and often more minimalist aesthetic. Rimless frames represent the most lightweight option, where the lenses are mounted directly to the temples and nose bridge with minimal or no surrounding material, appealing to those seeking a discreet look. Material-wise, acetate frames are highly popular for their versatility in colors and patterns, durability, and ability to be crafted into bold shapes. Metal frames, including those made from titanium, stainless steel, monel, and aluminum, are valued for their strength, lightweight properties, and sleek, modern appearance. Within metals, titanium is particularly prized for its hypoallergenic properties and exceptional strength-to-weight ratio. There is also a growing segment for specialty materials like wood, buffalo horn, and sustainable bio-acetates, catering to eco-conscious and niche consumers.

Application Insights

The application of glasses frames falls into several key categories, each with distinct consumer needs and drivers. Prescription glasses constitute the largest application segment, serving the essential function of vision correction for conditions like myopia, hyperopia, astigmatism, and presbyopia. This segment is driven by demographic factors, eye health trends, and mandatory requirements for clear vision in daily activities, work, and driving. Sunglasses represent another major application, focused on protecting eyes from UV rays, reducing glare, and serving as a fashion accessory. The demand here is influenced by climate, outdoor lifestyle trends, tourism, and fashion cycles. The segment for safety glasses and protective eyewear is crucial in industrial, construction, laboratory, and medical settings, where frames must meet specific safety standards for impact resistance and sometimes include side shields. A growing application is computer glasses or blue light glasses, designed to filter harmful blue light emitted from digital screens, addressing concerns about digital eye strain and potential long-term effects. Lastly, there is a segment for plano glasses, which are non-prescription frames used purely for fashion, costume, or cosmetic purposes, such as altering one's appearance.

Regional Insights

The demand and characteristics of the glasses frame market vary significantly across different regions. North America and Europe are mature markets characterized by high consumer awareness, strong purchasing power, and a well-established retail infrastructure, including optical chains and independent opticians. These regions have a high penetration of prescription eyewear and a strong culture of sunglasses as fashion items. The Asia-Pacific region is the fastest-growing market, driven by its large population, rising disposable incomes, increasing prevalence of myopia, and growing fashion consciousness. Countries like China, India, and Japan are major hubs for both consumption and manufacturing. The Latin American and Middle East and Africa regions present emerging opportunities, though growth can be uneven and influenced by economic volatility. In these regions, market development is often linked to improving healthcare access, expanding retail networks, and growing middle-class populations. Each region also has its own stylistic preferences, face shape demographics, and regulatory environments, which influence the product strategies of global and local players. Climate differences also affect the demand for sunglasses, with sunnier regions naturally exhibiting higher consumption.

Company Insights

The competitive landscape of the glasses frame market is populated by a mix of large integrated conglomerates and specialized players. EssilorLuxottica stands as the industry behemoth, formed from the merger of the world's largest lens maker and the largest frame manufacturer. Its portfolio includes a vast array of owned brands like Ray-Ban and Oakley, and it holds licenses for prestigious designer names such as Prada, Chanel, and Giorgio Armani. Safilo Group is another major Italian manufacturer and distributor, known for its portfolio of licensed brands including Carrera, Polaroid, and licensed lines for designers like Hugo Boss and Tommy Hilfiger. Kering Eyewear operates as the dedicated eyewear division of the Kering group, designing, developing, and distributing eyewear for its own luxury houses like Gucci and Saint Laurent, as well as for other brands like Cartier. Beyond these giants, notable companies include Marchon Eyewear (part of VSP Global), De Rigo Vision, and Marcolin. A thriving ecosystem of independent and niche brands also exists, such as Warby Parker, which pioneered the direct-to-consumer model, and brands like Lindberg and Mykita, renowned for their high-end engineering and design.

Recent Developments

The glasses frame market is continuously evolving, with recent developments highlighting trends in technology, sustainability, and business models. A significant trend is the accelerated adoption of augmented reality (AR) and virtual try-on technology by retailers and brands, enhancing the online shopping experience and reducing purchase hesitation. Sustainability has moved from a niche concern to a central focus, with companies increasingly introducing frames made from recycled metals, bio-acetates derived from renewable sources like cotton and wood pulp, and ocean plastics. There is a growing emphasis on circular economy models, including take-back programs for old frames. Acquisitions and partnerships continue to shape the landscape, as large players seek to acquire promising independent brands or secure new licensing agreements to expand their brand portfolios. Investment in direct-to-consumer channels remains strong, with brands building robust e-commerce platforms alongside selective wholesale partnerships. Product innovation is evident in the development of ultra-lightweight and flexible frames using advanced materials like memory titanium, and the integration of technology, such as smart frames with embedded audio or connectivity features, though this remains a nascent segment.

Report Segmentation

This comprehensive market research report on the glasses frame market provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the industry. The segmentation allows stakeholders to identify specific growth pockets and tailor strategies accordingly. The report is segmented by type, categorizing the market into full-rim frames, semi-rimless frames, and rimless frames, with further breakdowns by material such as metal, acetate, and others. By application, the market is analyzed across prescription glasses, sunglasses, safety glasses, and other specialty categories like blue light filtering glasses. A crucial geographical segmentation provides insights into regional and key country-level markets, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Furthermore, the report includes a detailed company landscape, profiling leading players and analyzing their market share, product portfolios, and strategic initiatives. This multi-faceted segmentation ensures that the report delivers actionable intelligence for businesses looking to understand specific product categories, target consumer applications, navigate regional dynamics, and benchmark against the competition.

FAQs

What are the most popular materials used for glasses frames?

Acetate and various metals are the most prevalent materials. Acetate is favored for its vast array of colors and patterns, durability, and ability to be crafted into diverse shapes. Metal frames, including titanium, stainless steel, and monel, are popular for their strength, lightweight feel, and sleek aesthetic, with titanium being particularly noted for its hypoallergenic properties.

How do I choose the right glasses frame for my face shape?

Selecting a frame involves complementing your face's proportions. Common advice includes choosing angular frames for round faces to add definition, and softer, rounder frames for square faces to soften angles. Oval faces are considered versatile and can suit most shapes, while heart-shaped faces often look balanced with frames that are wider at the bottom.

What is the difference between optical frames and sunglasses frames?

The primary difference is their intended application. Optical frames are designed to hold prescription lenses for vision correction. While they consider style, functionality and fit for daily wear are paramount. Sunglasses frames are primarily designed for sun protection and fashion, though they can also be fitted with prescription lenses. They often feature darker aesthetics and may be designed for more occasional or specific situational use.

Which companies are the leaders in the glasses frame market?

The market is led by large conglomerates such as EssilorLuxottica, which owns Ray-Ban and Oakley and holds licenses for many luxury brands. Other key players include Safilo Group, known for brands like Carrera and licensed lines for Tommy Hilfiger, and Kering Eyewear, which manages eyewear for Gucci and Saint Laurent. Numerous successful independent and direct-to-consumer brands also hold significant market influence.

What are the current trends in glasses frame designs?

Current trends include a resurgence of vintage and retro styles from the '70s, '80s, and '90s, such as oversized geometric shapes and thin wire frames. Transparent and lightly tinted acetate frames remain popular for their versatility. Sustainability is a major trend, driving demand for frames made from eco-friendly materials like bio-acetate and recycled metals. Minimalist and ultra-lightweight designs also continue to be sought after.

Are there specific frames recommended for high prescription lenses?

Yes, frames for high-index lenses are chosen to minimize lens thickness and weight. Smaller, rounder frames are generally recommended as they reduce the edge thickness of strong minus prescriptions. Full-rim frames made from sturdy materials like acetate or titanium provide better support and containment for thicker lenses compared to rimless or semi-rimless designs, which may not be suitable.

Citius Research has developed a research report titled “Glasses Frame Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Glasses Frame Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Glasses Frame Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Glasses Frame Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Glasses Frame Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Glasses Frame Market
• Research Methodology
• Executive Summary
• Market Dynamics of Glasses Frame Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Glasses Frame Market
• Cost and Gross Margin Analysis of Glasses Frame Market
• Glasses Frame Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Glasses Frame Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Glasses Frame Market Key Stakeholders

Below are the key stakeholders for the Glasses Frame Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Glasses Frame Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Glasses Frame Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Glasses Frame Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Glasses Frame Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Glasses Frame Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Glasses Frame Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Glasses Frame Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Glasses Frame Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Glasses Frame Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Glasses Frame Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Glasses Frame Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Glasses Frame Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Glasses Frame Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Glasses Frame Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Glasses Frame Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Glasses Frame Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Glasses Frame Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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