
Nordic Eyewear Market (Sweden, Denmark, Norway & Finland): Insights & Forecast with Potential Impact of COVID-19 (2024-2028)
Description
Nordic Eyewear Market (Sweden, Denmark, Norway & Finland): Insights & Forecast with Potential Impact of COVID-19 (2024-2028)
The Nordic eyewear market is forecasted to reach US$2.80 billion in 2028, experiencing growth at a CAGR of 3.18% during the period spanning from 2024 to 2028. Growth in the Nordic eyewear market has been supported by factors aging population, rising digital screen use, increasing cases of myopia, rising e-commerce penetration, inclining disposable income, increasing use of sports eyewear, and rise in prevalence of visual impairment. However, the market growth would be challenged by increasing refractive surgery, and increasing use of cheaper frames and sunglasses.
The Nordic eyewear market can be categorized into the following sectors Spectacles, Contact Lenses, and Sunglasses. In 2023, the dominant share of Nordic eyewear market was held by Spectacles sector. The market is anticipated to experience certain trends like rising social media usage, increasing adoption of daily disposable lenses, fashionable eyewear, rising digitalization, increase in awareness of eye problems.
COVID-19 has led to the closure of ophthalmic clinics and retail stores for an extended period. The postponement of non urgent eye examination appointments has caused a dip in the sales revenue of many players operating in the market. Additionally, disruptions in the manufacturing and transportation of spectacle lenses, contact lenses, and sunglasses owing to the pandemic have also influenced the decline of the market for eyewear in 2020.
The Nordic eyewear market can be segmented into the following regions: Sweden, Denmark, Norway, and Finland. In 2023, the dominant share of Nordic eyewear market was held by Sweden, followed by Denmark, Norway, and Finland. Sweden, considered a fashion hub, witnesses people adopting eyewear as a fashion accessory, such as colored contact lenses, sunglasses, and frames.
Scope of the report
- The report provides a comprehensive analysis of the Nordic eyewear market.
- The major regional markets for the Nordic eyewear market (Sweden, Denmark, Norway and Finland) have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (Grand Vision, Specsaver, Synsam, Krogh Optikk, OptiK Team, Synologen AB) are also presented in detail.
- Eyewear providers
- Raw Material Providers
- End Users (Consumers)
- Investment Banks
- Government Bodies & Regulating Authorities
Table of Contents
68 Pages
- 1. Market Overview
- 1.1 Eyewear
- 1.1.1 Introduction
- 1.2 Types of Lenses
- Table 1: Types of Lenses
- 1.3 Advantages and Disadvantages of Contact Lenses
- Table 2: Advantages and Disadvantages of Contact Lenses
- 1.4 Advantages and Disadvantages of Glasses
- Table 3: Advantages and Disadvantages of Glasses
- 1.5 Refractive Errors
- Table 4: Myopia and Hypermetropia
- 2. Impact of COVID-19
- 2.1 Impact of COVID-19 on Nordic Eyewear Market
- 2.2 Rising Nordic E-Commerce Penetration
- Table 5: Nordic E-Commerce Penetration (2020)
- 2.3 Post-COVID Scenario
- 3. Market Analysis
- 3.1 Nordic Eyewear Market by Value
- Table 6: Nordic Eyewear Market by Value (2019-2023)
- 3.2 Nordic Eyewear Market Forecast by Value
- Table 7: Nordic Eyewear Market Forecast by Value (2024-2028)
- 3.3 Nordic Eyewear Market by Product
- Table 8: Nordic Eyewear Market by Product (2023)
- 3.3.1 Nordic Spectacles Market by Value
- Table 9: Nordic Spectacles Market by Value (2019-2023)
- 3.3.2 Nordic Spectacles Market Forecast by Value
- Table 10: Nordic Spectacles Market Forecast by Value (2024-2028)
- 3.3.3 Nordic Contact Lenses Market by Value
- Table 11: Nordic Contact Lenses Market by Value (2019-2023)
- 3.3.4 Nordic Contact Lenses Market Forecast by Value
- Table 12: Nordic Contact Lenses Market Forecast by Value (2024-2028)
- 3.3.5 Nordic Sunglasses Market by Value
- Table 13: Nordic Sunglasses Market by Value (2019-2023)
- 3.3.6 Nordic Sunglasses Market Forecast by Value
- Table 14: Nordic Sunglasses Market Forecast by Value (2024-2028)
- 3.4 Nordic Eyewear Market by Region
- Table 15: Nordic Eyewear Market by Region (2023)
- 4. Regional Market Analysis
- 4.1 Sweden
- 4.1.1 Sweden Eyewear Market by Value
- Table 16: Sweden Eyewear Market by Value (2019-2023)
- 4.1.2 Sweden Eyewear Market Forecast by Value
- Table 17: Sweden Eyewear Market Forecast by Value (2024-2028)
- 4.2 Denmark
- 4.2.1 Denmark Eyewear Market by Value
- Table 18: Denmark Eyewear Market by Value (2019-2023)
- 4.2.2 Denmark Eyewear Market Forecast by Value
- Table 19: Denmark Eyewear Market Forecast by Value (2024-2028)
- 4.3 Norway
- 4.3.1 Norway Eyewear Market by Value
- Table 20: Norway Eyewear Market by Value (2019-2023)
- 4.3.2 Norway Eyewear Market Forecast by Value
- Table 21: Norway Eyewear Market Forecast by Value (2024-2028)
- 4.4 Finland
- 4.4.1 Finland Eyewear Market by Value
- Table 22: Finland Eyewear Market by Value (2019-2023)
- 4.4.2 Finland Eyewear Market Forecast by Value
- Table 23: Finland Eyewear Market Forecast by Value (2024-2028)
- 5. Market Dynamics
- 5.1 Growth Drivers
- 5.1.1 Aging Population
- Table 24: Sweden Aging Population - 65 years and older (2017-2023)
- 5.1.2 Rising Digital Screen Use
- Table 25: Sweden Average Time Spent with Media per Day (2016-2023)
- 5.1.3 Increasing cases of Myopia
- Table 26: Share of Global Population with Myopia (2010-2050)
- 5.1.4 Rising E-commerce Penetration
- Table 27: Nordic E-commerce Penetration by Segments (2015-2025)
- 5.1.5 Inclining GDP
- Table 28: Sweden GDP (2016-2023)
- 5.1.6 Increasing Use of Sports Eyewear
- 5.1.7 Rise in Prevalence of Visual Impairment
- 5.2 Key Trends & Developments
- 5.2.1 Rising Social Media Usage
- Table 29: Share of Active Social Media Users in the Nordic Countries (2023)
- 5.2.2 Increasing Adoption of Daily Disposable Lenses
- 5.2.3 Growing Popularity of Fashionable Eyewear
- 5.2.4 Rise in Digitalization
- 5.2.5 Increase in Awareness of Eye Problems
- 5.3 Challenges
- 5.3.1 Increase in Refractive Surgery
- 5.3.2 Increasing Use of Cheaper Frames and Sunglasses
- 6. Competitive Landscape
- 6.1 Nordic Market
- 6.1.1 Nordic Market Share Comparison- Key Players
- Table 30: Key Players – Nordic Market Share Comparison (2023)
- 6.2 Sweden Market
- 6.2.1 Sweden Market Capitalization Comparison- Key Players
- Table 31: Key Players – Sweden Market Share Comparison (2023)
- 6.3 Denmark Market
- 6.3.1 Denmark Market Capitalization Comparison- Key Players
- Table 32: Key Players – Denmark Market Share Comparison (2023)
- 6.4 Finland Market
- 6.4.1 Finland Market Capitalization Comparison- Key Players
- Table 33: Key Players – Finland Market Share Comparison (2023)
- 6.5 Norway Market
- 6.5.1 Norway Market Share Comparison- Key Players
- Table 34: Key Players – Norway Market Share Comparison (2023)
- 7. Company Profiles
- 7.1 Grand Vision
- 7.1.1 Business Overview
- 7.2 Synsam
- 7.2.1 Business Overview
- 7.3 Specsavers
- 7.3.1 Business Overview
- 7.4 Synologen AB
- 7.4.1 Business Overview
- 7.5 Optik Team
- 7.5.1 Business Overview
- 7.6 Krogh Optikk
- 7.6.1 Business Overview
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