Global demand for spectacle frames and mountings is forecast to expand 3.4% p.a. between 2014 and 2018. China, France, Italy, Senegal, and the United States are considered the highest potential markets in the coming years.
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global spectacle frame and mounting industry is forecast to reach 3.4% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 1.7%. Currently, spectacle frames and mountings of other material than plastic account for 57.7% of the global demand while the remaining market share is divided between spectacle frames and mountings of plastic (33%) and parts of spectacle frames and mountings (9.3%).
China, France, Germany, Italy, and the United States represent the largest spectacle frame and mounting markets while the strongest annual growth is forecast to occur in Senegal (21.2%), Greece (18.4%), Sri Lanka (17.9%), Kyrgyzstan (16.4%), and Thailand (14.5%).
Spectacle frame and mounting market size compared to market growth in different countries
Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential spectacle frame and mounting markets in the coming years are:
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Ranking Country Market Potential Rate
1. United States 0.38
2. Italy 0.30
3. China 0.23
4. Senegal 0.21
5. France 0.19
6. Greece 0.19
7. Sri Lanka 0.18
8. Kyrgyzstan 0.16
9. Thailand 0.16
10. Azerbaijan 0.14
11. Austria 0.14
12. Tanzania 0.13
13. Latvia 0.13
14. Turkey 0.12
15. Lithuania 0.12
16. Israel 0.12
17. Peru 0.12
18. Germany 0.11
19. Indonesia 0.11
20. Chile 0.11
The reports include historic market data from 2007 to 2013 and forecasts until 2018 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.
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