June 07, 2022
According to the recent research report titled ‘Nordic Eyewear and Optical Retail Market - Analysis By Country (Sweden, Denmark, Norway, Finland) Product Type, End-Use, Age Group (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)’ available with MarketStudyReport, Nordic eyewear and optical retail market is expected to register a CAGR of 3.9% and have a valuation of over USD 2635. 68 million by 2027.
An increase in demand for eyewear and optical products with the growing usage of digital screens, rapid adoption of e-commerce facilities, and rising cases of myopia are some of the major factors fueling the Nordic Eyewear, and Optical Retail Market growth.
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The advent of COVID-19 pandemic had resulted in lockdowns that have impacted a variety of businesses, including those operating in Nordic eyewear and optical retail market. The outbreak of COVID-19 has had a severe impact on the eyewear and optical industries, with the pandemic impacting many phases of the value chain, including the manufacturing and distribution of the eyewear space.
Nordic eyewear and optical retail market are segmented on the basis of product type, end-user scope, age group, and regional insights. By product type, the market is bifurcated into sunglasses, spectacles/glasses, and contact lenses.
In terms of end-use reach, this business space is differentiated into fashion ocular disease/disorders, and general protection. Moving forward with the age group, the overall market is segregated into 19-64 years, 0-18 years, and above 65 years.
The regional landscape of the Nordic eyewear and optical retail industry is widespread across Finland, Greece, Sweden, Denmark, and Norway. Among these, Sweden currently leads in terms of market share and is expected to have considerable growth through the forecast duration, owing to the increase in the use of digital screens with the booming e-commerce space.
The competitive arena of Nordic eyewear and optical retail market sphere is made up of companies such as Synsam Group, Synologen AB, Specsavers Optical Group Ltd., GrandVision, and Krogh Optikk AS.