SINGAPORE, July 18 (Bernama-BUSINESS WIRE) -- Market Research Company Euromonitor International released today new data on the global eyewear industry. According to the new research, global sales of eyewear are forecast to reach US$136 billion by 2021, up from US$121 billion in 2016.
“The increasing prevalence of myopia globally and the growing ageing population are major contributors to the continuous growth in demand for eyewear,” said Eyewear Industry Analyst, Anna Cheng. “With higher demands for functional eyewear, such as office lenses, progressive lenses and digital devices lenses, competition is toughening for the leading players as more low-cost providers are introducing lower quality products marketed to provide similar functions at a much lower price,” she added.
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