Report ID: UCMIG25S2009 | Region: Global | Published Date: November, 2022 | Pages: 165Extended Warranty Market
Report ID: SQSE25S2009 | Region: European | Published Date: November, 2022 | Pages: 157
European Lens Cleaning Market was valued at USD 3.33 billion in 2021, and it is expected to reach a value of USD 3.85 billion by 2028, at a CAGR of more than 2.03% over the forecast period (2022- 2028).
Lens cleaning products are used for cleaning and disinfecting lenses. The items play a vital role in enhancing the hygiene and safety of contact lenses. Cleaning solutions are highly recommended for spectacle and contact lens cleaning. Wipes and tissues, on the other hand, are commonly used for cleaning digital cameras. Wipes are available in both wet and dry forms, depending on the end-user preference. Cleaning solutions are offered in different types of packaging such as spray bottles, pouches, and tubes. The key factors that drive the growth of the european lens cleaning market includes an increased prevalence of various eye disorders, increased trends of adoption of advanced digital cameras along with the consumers shift with the fast fashion. Advent of fashionable eyeglasses is also likely to support the market growth.
A growing number of spectacle wearers and contact lens users in these economies contributes to the growth of the market. As per European Council of Optometry and Optics, Belgium, Denmark, UK Switzerland, and others are some of the key countries that holds a significant share of spectacles and contact lens wearers. This is likely to contribute to the market growth, as with an increased number of eyeglasses and contact lenses, an increased number of cleaning products will be required.
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The European lens cleaning market is segmented based on the type, application, and country. Based on the type, it is segmented into fluid, microfiber cloth, and others. Based on application, it is segmented into glass care, microscope care, camera care, and other. Based on country, it is categorized into Germany, UK, Spain, Italy, Scandinavia, and Rest of Europe.
Analysis by Type
The European lens cleaning market is segmented based on type into fluid, microfiber cloth, and others. the fluid segment dominated the european lens cleaning market with more than 47% share in 2021. The growth of the segment is attributed to the availability of the diverse range of products in the market. Lens cleaning solutions are among the widely accepted product for the lens cleaning, which supports the market growth. Increased adoption of fast fashioned contact lenses also supports the segmental growth as the cleaning of contact lenses can only be done by cleaning solutions. Hence, this supports the segmental growth of the market.
Analysis by Application
The European lens cleaning market is segmented based on application into glass care, microscope care, camera care, and other. Among these, the glass care segment dominated the market with more than 80% share. The growth of the segment is attributed to the increasing demand for the cleaning products for the glasses across the region. Increased prevalence of various eye disorders is also contributing aiding the market growth, as eyeglasses are recommended by ophthalmologists as a part of treatment and eyecare. Thus, this also contributes to the growth of the market during the forecast period. European camera care market is growing at a CAGR of 2.0% during the forecast period. The growth of the segment is attributed to the demand from the consumers for the cleaning of expensive camera lenses. Increased applications of digital camera in entertainment, media, and sports drives the market growth; however, the high costs associated with camera lens, advent of smartphones with excellent camera qualities are some of the factors that slows the adoption of cameras; which influences the segmental growth. Nevertheless, increased interests of millennials in photography, content creation positively influence the market growth during the forecast period.
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The European lens cleaning market is studied on the basis of countries as Germany, UK, Spain, Italy, Scandinavia, and Rest of Europe. Among these, Rest of European region dominated the market with more than 28% share. The Rest of European comprises countries such as Denmark, Norway, Sweden, Finland, Iceland, Faroe Islands, Greenland, and Aland. A growing number of spectacle wearers and contact lens users in these economies contributes to the growth of the market. As per European Council of Optometry and Optics, Belgium, Denmark, UK Switzerland, and others are some of the key countries that holds a significant share of spectacles and contact lens wearers. This is likely to contribute to the market growth, as with an increased number of eyeglasses and contact lenses, an increased number of cleaning products will be required.
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The growth in visual disorder, as well as the rising reliance on vision-improving products
Added cost of lens cleaning solutions
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The European lens cleaning market is highly fragmented due to the presence of both local and international players. Growing strategic partnerships among leading companies for product expansion have been critical to the market's growth during the forecast period. Major players are collaborating with the E-Commerce platform to sell its product to consumers and resellers. For Trade Sales, Players are collaborating with B2B E-Commerce platforms such as Europages, Manomano, Europebloombiz, Madeinindonesia, Lens Clens Europe, and others. For instance, Product Concept, a UK-based company has listed its product portfolio on Europages as a part of its B2B sales strategy.
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According to our European Lens Cleaning market analysis, Industry players in the Lens Cleaning Products category serve their customers on online platforms but also through offline stores. The customers can buy the products through the omnichannel presence of the players from their brick-and-mortar stores, ordering online through their app or website, Retail stores, and other E-Commerce platforms. Amazon UK has most of the listing of products in the lens cleaning category and has been considered as the bestselling platform having a good reach to the customers all across the European market. Further, an increased prevalence of various eye disorders, for treatment of which various eye glasses, sunglasses and contact lenses are recommended; this, again is contributing to the growth of the market during the forecast period.
|Market size value in 2021||USD 3.33 billion|
|Market size value in 2028||USD 3.85 billion|
|Growth Rate||more than 2.03%|
|Forecast period||2022- 2028|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the European Lens Cleaning Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the European Lens Cleaning Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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