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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mexico Eyewear Market Growth
The eyewear market growth in Mexico can be attributed to the growing focus on eye health and the rising awareness regarding the importance of regular eye checkups among Mexicans. Customers in the country are increasingly preferring high-quality eyewear customised as per their requirements.
Major Mexico eyewear market players, including EssilorLuxottica are investing to establish new facilities for eyewear manufacturing. This is because of increasing incidences of eyesight-related problems in Mexico. Besides, evolving fashion trends are driving a shift towards eyewear that is trendy and stylish.
The Mexico eyewear market revenue is further being fuelled by the expansion of the e-commerce sector. E-commerce platforms not only offer enhanced convenience to customers but also provide a wide range of eyewear to choose from.
Sustainability is one of the key trends contributing to the eyewear market share in Mexico, which is fostering innovation in the production of eyewear products. For instance, some companies like Ben & Frank are utilising acetate renew to manufacture sustainable eyeglasses which are of high quality. This material is obtained from certain biobased products and diverts tough plastics away from landfills, thereby resulting in a 50% reduction in carbon dioxide emissions. Cross-industry collaboration plays a crucial role in such innovations.
Over the forecast period, an increase in the discovery of new materials and the shift towards sustainability is expected to provide significant the Mexico eyewear market opportunities.
Mexico Eyewear Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.
The different distribution channels in the market include online and offline.
The major end users of eyewear include men, women, and Kids.
The different products considered in the market report are spectacles, sunglasses, and contact lenses, among others.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Kering SA, Giorgio Armani S.p.A., Christian Dior SE, Johnson & Johnson Services, Inc., Gianni Versace S.r.l., EssilorLuxottica SA, Safilo Group S.P.A., Alcon Vision LLC, The Cooper Companies, Inc., and Gramo Lenses, among others.
Limited awareness and access to advanced eye care services in rural areas, price sensitivity, and intense competition from counterfeit and low-quality eyewear products will hamper the industry.
The increasing demand for premium eyewear, growing focus on eye health, and expansion of the e-commerce sector are the key trends propelling the market.
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