The glasses case market size is expected to see strong growth in the next few years. It will grow to $280.85 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The anticipated growth in the forecast period can be linked to the incorporation of sustainable materials, the integration of smart eyewear, a surge in online eyewear sales, growing concerns about health and hygiene, and the aging population. Key trends in the forecast period encompass innovations in case design, technological advancements in eyewear, material innovations, customization, and personalization, as well as the integration of smart features and technology.
The anticipated rise in vision problems is set to drive the growth of the glasses case market in the future. Vision problems encompass a variety of optical challenges that impact an individual's ability to see clearly and perform visual tasks effectively. Corrective eyewear, such as eyeglasses or sunglasses, is essential for addressing these vision problems, leading to an increased demand for protective glasses cases that safeguard eyeglasses from scratches, dust, and damage. For instance, a March 2021 report from Eyes of the World LLC, a non-profit organization based in Spain, revealed that 1.1 billion people had vision loss, and this number is expected to escalate to 1.7 billion by 2050. Furthermore, in 2021, 55% of women experienced vision loss, and 90 million children faced vision-related issues. Hence, the growing prevalence of vision problems is a key factor propelling the expansion of the glasses case market.
The rising adoption within the fashion industry is poised to contribute to the growth of the glasses case market in the foreseeable future. The fashion industry encompasses activities and businesses related to clothing, footwear, accessories, and fashion-related products, reflecting cultural, social, and economic influences. Within this industry, glasses cases serve the purpose of protecting eyewear from scratches, dings, and dirt, thereby extending the lifespan of the glasses and safeguarding the eyes from harmful rays. As per data from The Bureau of Labor Statistics in September 2022, consumer spending on apparel and services increased from $1,754 in 2021 to $1,945 in 2022. This upward trend indicates a growing adoption of fashion-related products, contributing to the expected growth of the glasses case market.
The anticipated rise in economic crises is expected to impede the growth of the glasses case market. Economic crises have the potential to constrain market development, as consumers may become less inclined to purchase non-essential items such as glasses cases. In September 2021, the Economic Research Service reported that economic crises can lead to a reduction in consumer income, resulting in decreased demand for imported products in affected countries. Consequently, economic crises represent a limiting factor for the glasses case market's growth.
Major companies in the glasses case market are embracing innovative product designs and materials, such as hardshell cases, to offer a more comprehensive travel solution for eyeglasses and contact lenses. Hardshell optics cases, made of durable materials with a tough outer shell, provide robust protection against drops, scratches, and other damage. In June 2022, Nite Ize Inc., a US-based manufacturer, introduced the Clip Case Hardshell XL Optics Case, featuring a rugged exterior and foam-cushioned interior for optimal crush and scratch protection. The top-loading, plus-size design accommodates eyeglass frames of all sizes, and a zippered top ensures their safety during work and adventures. A built-in microfiber lens cloth facilitates on-the-go lens cleaning, while a practical low-profile clip enables hands-free carrying on a belt, waistline, or backpack strap.
In April 2023, Blue Point Capital Partners, a US-based private equity firm, completed the acquisition of Eyebobs Inc. for an undisclosed amount. This strategic move aims to expand Blue Point Capital Partners' eyewear portfolio, leverage Eyebobs' customer base, and gain access to Eyebobs' technology. Eyebobs Inc., based in the US, specializes in manufacturing glasses cases and various eyewear products.
Major companies operating in the glasses case market report are Ralph Lauren Corporation , Coach Inc., Prada S.p.A., Nordstrom Inc., Lacoste S.A, Oakley Inc. , Gianni Versace S.r.l., Guccio Gucci S.p.A, Nite Ize Inc., Fielmann AG, Maui Jim Inc. , Smith Optics Inc., Giorgio Fedon And Figli Spa, Calvin Klein Inc., Europa Eyewear, Tommy Hilfiger B.V, Dong Guan City Rongyu Packing Co.Ltd., Universe Optical Mfg. Co. Ltd., Rudy Project S.P.A., Hilco Vision, Modo Eyewear SRL, Optoplast Ltd., Zeal Optics Inc., Eyewear Designs Ltd., Randolph Engineering Inc., Barton Perreira LLC, Wenzhou Classic Packing Co. Ltd.
North America was the largest region in the glasses case market in 2023. The regions covered in the glasses case market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the glasses case market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The glasses case market consists of sales of products such as leather glasses cases, silicone glasses cases, hard-shell glass cases, slip-in pouches, wood glass cases and microfiber glass cases. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The primary varieties of glasses cases include plastic, metal, ethylene vinyl acetate (EVA), and other materials. A plastic glasses case, for instance, is a protective casing made from plastic material. These cases are available through both online and offline channels, catering to both adult and child applications.
The glasses case market research report is one of a series of new reports that provides glasses case market statistics, including glasses case industry global market size, regional shares, competitors with a glasses case market share, detailed glasses case market segments, market trends and opportunities, and any further data you may need to thrive in the glasses case industry. This glasses case market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Glasses Case Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on glasses case market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for glasses case? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:1) By Type: Plastic Glass Case; Metal Glass Case; Ethylene Vinyl Acetate (EVA) Glass Case; Other Types
2) By Distribution Channel: Online; Offline
3) By Application: Adult; Child
Key Companies Mentioned: Ralph Lauren Corporation ; Coach Inc.; Prada S.p.A.; Nordstrom Inc.; Lacoste S.A
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard