Nordic Eyewear Market (Sweden, Denmark, Norway & Finland): Insights & Forecast with Potential Impact of COVID-19 (2024-2028)

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.

Key Target Audience:

• Eyewear providers
• Raw Material Providers
• End Users (Consumers)
• Investment Banks
• Government Bodies & Regulating Authorities