Insight Report 10 minutes PremiumDisruption in Eyewear Coresight Research January 3, 2018 Executive Summary The global eyewear market, which includes spectacles, sunglasses and contact lenses, was valued at $121 billion in 2016. This market is forecast to grow at a compound annual growth rate (CAGR) of 2.4% to reach $136 billion by 2021, according to data from Euromonitor. We believe there is ample room for disruption in the eyewear industry, due to: 1) the high margins of eyewear products; 2) the emergence of online as a distribution channel; 3) the long waiting times for custom eyewear products; and 4) the improvement in new technologies, such as 3D printing and online vision tests. We expect more startups and disruptors in the eyewear industry to improve the processing of and reduce the pickup time for custom eyewear products, as well as potentially lower margins by undercutting retail prices. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: US Beauty Retailing—A Standout Discretionary Category in 2023: Highlights from the Market NavigatorJune 2023 UK Retail Sales: Warm Weather Boosts Retail Sales GrowthConsumers Dine Out at Record-High Rates: US Consumer Survey InsightsRetail-Related Activities Tick Down: China Consumer Tracker