Market Demand for Glasses of China

Glasses are optical devices used for correcting vision, eye protection, or decorative purposes. In 2021, the retail market size of eyewear products in China reached 85 billion yuan, with lenses and optical frames as the main market forces. In 2021, the retail market size reached 34.5 billion yuan and 30.9 billion yuan, respectively. Benefiting from the consumption upgrade and mature supply and demand factors of functional lenses, the lens market is expected to maintain a high-speed growth trend in the future. It is expected that the domestic retail market size of lenses will exceed 47 billion yuan by 2025. As the core component of eyewear products, mirror frames will maintain stable growth under the trend of popular accessories. It is expected that the retail market size of domestic mirror frames will reach 37.6 billion yuan by 2025.

Since the first half of 2022, the international environment has become more complex and severe, with frequent outbreaks of COVID-19 in China. The eyewear manufacturing industry has experienced a sales shock that gradually passes from the downstream of the industrial chain to the upstream. Quantitatively speaking, from March to May 2022, the retail revenue in Shanghai and surrounding areas decreased by 80-90%, and more than 60% of the annual order volume of small and medium-sized retailers have been affected. The survival pressure of the domestic eyewear industry has increased. Chinese children and adolescents are showing a trend of high incidence and younger age of myopia. When parents purchase glasses for their children, they pay the most attention to eye care, anti fatigue, and delaying the development of myopia. Youth control products are becoming increasingly popular in the market, and various head lens manufacturers are focusing on laying out youth control product lines under different technical principles.

Single beam lenses can meet the basic needs of consumers for visual correction and eye protection. Driven by the dual driving force of consumer terminal demand and lens manufacturers' pursuit of income growth, functional lens products have begun to be explored to meet new functional consumer demands. Functional lenses have gradually become the main force in the current eyewear market. Functional lenses, on the basis of ordinary lenses in daily life, can have one or multiple functional characteristics by adjusting the basic material, formula, optical design, or film layer of the lens, making it suitable for a wider range of people, with relatively higher technical content and product value. The types of functional lenses with high market popularity at present and great demand in the future mainly include light sensitive, harmful light protection, Eye strain relief, adult progressive lenses and myopia management lenses.

small framed glasses

glasses frames, as accessories, have additional functions such as aesthetics and comfort. From a material perspective, the material of the eyeglass frames can be divided into four types: natural material, plastic, METAL, and mixed mirror frames. Among them, plastic and metal eyewear frames are the mainstream material applications. In addition, as a decorative element, the choice of frame material by consumers is also influenced by popular trends, and the fluctuation of proportion distribution is matched with a certain trend cycle. In recent years, consumers have tended to lean more towards metal frames for glasses, led by TITANIUM, but with the return of the popularity of sheet materials, the proportion of plastic Optical Frames in sales is slowly increasing.

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