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Glasses Frame Market Expected to Reach $26,419.3 Million by 2033–Allied Market Research

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Consumers are attracted to innovative frame designs and materials, such as hypoallergenic and lightweight alternatives. The augmented reality (AR) and smart glasses markets are expanding as well.

WILMINGTON, Del., July 22, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Glasses Frame Market by Shape (Rectangle, Round, Cat Eye, Square, Aviator, Hexagon, Wayfarer, and Others) and By Country (France, Italy, UK, Japan, United States, and South Korea): Global Opportunity Analysis and Industry Forecast, 2024-2035″. According to the report, the global glasses frame market was valued at $14,026.9 million in 2023, and is projected to reach $26,419.3 million by 2033, registering a CAGR of 6.8% from 2024 to 2033.

 Download Sample Pages of Research Overview:
https://www.alliedmarketresearch.com/request-sample/A14400

Prime determinants of growth  

The growing prevalence of vision issues and growing awareness of eye health are factors driving up demand for corrective eyewear. Comfort and style are improved by technological developments in frame materials and innovative design, attracting a larger customer base. The growing trend for fashionable and designer frames is also fueled by the influence of celebrity sponsorships and an increasingly fashion-conscious populace. Increased consumer access to a wider range of options is another benefit of the growth of e-commerce platforms, which increases sales. Furthermore, since older persons frequently use prescription eyewear, the aging of the global population particularly in industrialized regions further promotes market expansion.

Report coverage & details:

Report Coverage

Details

Forecast Period

2024–2033

Base Year

2023

Market Size in 2023

$14,026.9 million

Market Size in 2033

$26,419.3 million

CAGR

6.8 %

No. of Pages in Report

280

Segments Covered

Shape and Country

Drivers 

 Rise in the aging population Increase in screen time and digital device usage Increased spending on luxury eyewear

Opportunities

 Advances in 3D printing technology for frame manufacturing Growth in demand for eco-friendly and sustainable frames

Restraints

 Increase in prevalence of counterfeit products Limited distribution networks in rural areas

Procure Complete Report (280 Pages PDF with Insights, Charts, Tables, and Figures): 
https://tinyurl.com/5hfkhynt

The rectangle segment to maintain its leadership status throughout the forecast period.

By shape, the rectangle segment held the highest market share in 2023, accounting for nearly two-fifths of the glasses frame market share and is estimated to maintain its leadership status throughout the forecast period. Many iconic eyewear brands, such as Ray-Ban and Persol, have rectangle frame styles that have become part of their brand heritage and identity, appealing to consumers who desire these classic designs. The wayfarer segment showcases the fastest CAGR of 7.9% during the forecast period. The demand for wayfarer frames has rapidly increased in the global glasses frame market due to their enduring style and versatile design.

United States to maintain its dominance by 2033

Based on the country, the United States held the highest market share in terms of revenue in 2023 and is likely to dominate the market during the forecast period. Consumers in the U.S. prioritize style along with functionality, opting for frames that offer comfort and durability. However, Japan is expected to witness the fastest CAGR of 8.7% from 2024-2033. The glasses frame industry in Japan is expected to thrive, driven by craftsmanship, technological advancement, and a deep-rooted culture of excellence in design and manufacturing.

Want to Access the Statistical Data and Graphs, Key Players’ Strategies:   
https://www.alliedmarketresearch.com/purchase-enquiry/A14400

Leading Market Players: –

Charmant GroupDe Rigo Vision S.P.A.EssilorLuxotticaFielmann Group AGMarchon Eyewear, Inc.Mondottica LimitedSafilo Group S.P.ASilhouette International Schmied AGTory Burch LLC.Warby Parker

The report provides a detailed analysis of these key players in the glasses frame market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Similar Reports We Have on Consumer Goods Industry:

Glassware Market Opportunity Analysis and Industry Forecast, 2024-2035Online Grocery Market Opportunity Analysis and Industry Forecast, 2023-2032Online Clothing Rental Market Opportunity Analysis and Industry Forecast, 2023-2032FMCG Market Opportunity Analysis and Industry Forecast, 2022-2031Airport Retailing Market Opportunity Analysis and Industry Forecast, 2021-2027Beverage Dispenser Market Opportunity Analysis and Industry Forecast, 2021-2031Coffee Pod Market Opportunity Analysis and Industry Forecast, 2023-2032

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Gubagoo and Fullpath Unveil Curator, the First Unified Intelligence Engine for Automotive Retailers

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Curator brings together every type of data across a dealership and normalizes, cleanses, and deduplicates it, creating a single unique view of every customer.

HOUSTON and TEL AVIV, Israel, Nov. 17, 2024 /PRNewswire/ — Gubagoo, the leading provider of digital retailing and conversational commerce for automotive dealerships, announced today Curator, the first Unified Intelligence Engine for automotive retailers.

Powered by Fullpath, the automotive industry’s leading customer data platform (CDP) and marketing automation platform, Gubagoo’s Curator has unified all three types of data – transactional, demographic, and behavioral – and made it actionable. Curator collects and unifies first-party data from multiple sources to build a single, complete view of each customer. Dealerships can then use this data for powerful customer and user activation – giving consumers the 1:1 personalization they expect in today’s environment.

While dealerships sit on a wealth of data, one of the biggest challenges they face is leveraging their strong datasets to impact their business strategy and improve the client experience. The root cause is data siloed in disparate applications, spread across multiple or duplicate customer records, sources, reporting tools, and vendors.

Through the partnership, Fullpath provides accurate first-party behavioral data fueled by its powerful analytics engine, identity resolution, and website traffic attribution.

Gubagoo and its parent company, Reynolds and Reynolds, bring a view from inside the dealership with transactional and demographic information, leveraging the richest first-party data in the industry from within the DMS and CRM, as well as customer activity from chat and digital retailing activities.

Combining all of this data into a Unified Intelligence Engine creates a holistic view of the dealership’s customers, unlike any other.

“We knew with Gubagoo and Reynolds we would build something historic for the industry by giving dealers the power to understand and activate their data through a truly connected data infrastructure. And now that we’ve seen the power of Curator, we know that dealers have unparalleled views of their customers they can take action on,” says Aharon Horwitz, Fullpath CEO & Co-founder.

By connecting the DMS, CRM, F&I, Chat, Digital Retailing tools, and more, Curator provides:

Business insightsDecisioning toolsMulti-touch attribution metricsData segmentation across sales and serviceCampaign management and audience best practices for marketing purposesSales enablement

Furthermore, Curator measures effectiveness by department, ad campaigns, as well as customer retention and reactivation; all while managing data hygiene, enrichment, appends, and ID resolutions.

“Dealers have a huge opportunity in front of them, and we couldn’t be more excited to help them take advantage of it with a Unified Intelligence Engine,” said Brad Title, president of Gubagoo. “They have struggled for years with segmented data in disparate tools, and now with Curator, they can leverage all their information in a single place to dramatically increase efficiencies and truly wow customers.”

The groundbreaking Unified Intelligence Engine will launch at NADA 2025.

About Fullpath
Fullpath is the automotive industry’s first enhanced Customer Data Platform (CDP). Fullpath unifies first-party dealership data and activates it by layering powerful AI and marketing automation on top to create a Customer Data and Experience Platform (CDXP). Dealerships that invest in the platform create exceptional, hyper-personalized customer experiences that drive loyalty and build resilient, lasting business.

About Gubagoo
Gubagoo is the leading provider of conversational commerce and retail solutions for both automotive dealerships and OEMs. More than 8,500 dealerships worldwide partner with Gubagoo, including 90% of the top dealer groups in North America. The company is a subsidiary of Reynolds and Reynolds, with offices in Dayton, Ohio, Houston, Texas, and operates in the US, Canada, Mexico, Europe, and Australia. (Gubagoo.com)

View original content:https://www.prnewswire.com/news-releases/gubagoo-and-fullpath-unveil-curator-the-first-unified-intelligence-engine-for-automotive-retailers-302307665.html

SOURCE Fullpath

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O’Fallon (MO) Police Department Revolutionizes Public Safety with Cutting-Edge Technology with Caliber Public Safety

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O’Fallon (MO) Police Department is enhancing public safety by adopting Caliber’s public safety software suite, positioning itself as a leader in modern public safety technology.

WINSTON-SALEM, N.C., Nov. 17, 2024 /PRNewswire-PRWeb/ — O’Fallon, MO – The O’Fallon Police Department is proud to announce its partnership with Caliber Public Safety, integrating state-of-the-art Computer-Aided Dispatch (CAD), Records Management System (RMS), and Mobile solutions to enhance public safety and law enforcement operations.

“We’re honored to partner with the O’Fallon Police Department in their innovative approach to public safety, empowering their mission to boost efficiency and protect their community,” said Chris Faircloth, VP of Sales and Marketing for Caliber Public Safety.

This significant upgrade reinforces the department’s commitment to modernizing public safety, ensuring the protection and well-being of O’Fallon’s 94,000+ residents. The integration of Caliber’s innovative technologies optimizes dispatch and response operations, facilitating faster reaction times and more effective data management.

“We are excited to leverage these cutting-edge tools to serve our community more efficiently and effectively,” said Chief Frank Mininni. “This technological leap ensures our teams can react faster and manage critical data more effectively, creating a more secure environment for everyone.”

Key benefits of the upgrade include:

Enhanced efficiency through seamless integration of CAD, Mobile, and RMS technologiesImproved data sharing capabilities, connecting local, regional, state, and national agenciesIncreased situational awareness for first responders through real-time access to critical information

The O’Fallon Police Department’s investment in Caliber Public Safety’s solutions was made possible by the “Use Tax” approved by voters in 2019. This tax enables the department to stay current with evolving technology, ensuring transparency and effective use of taxpayer money.

“We are honored to partner with the O’Fallon Police Department in their forward-thinking approach to public safety,” said Chris Faircloth, Vice President of Sales and Marketing for Caliber Public Safety. “Together, we are empowering their mission to enhance operational efficiency and safeguard the people they serve.”

About the O’Fallon Police Department:

The O’Fallon Police Department serves over 94,000 residents with a team of 100+ sworn officers, consistently ranking among America’s “Best Places to Live” and “Safest Cities.”

About Caliber Public Safety:

Caliber Public Safety provides innovative solutions to over 1,000 public safety agencies across North America, focusing on data-sharing and interoperability.

Media Contact

Chris Faircloth, Caliber Public Safety, 1-800-274-2911, info@caliberpublicsafety.com, https://caliberpublicsafety.com/

View original content:https://www.prweb.com/releases/ofallon-mo-police-department-revolutionizes-public-safety-with-cutting-edge-technology-with-caliber-public-safety-302307052.html

SOURCE Caliber Public Safety; Caliber Public Safety

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GAC Group Showcases New Energy Vehicles and Unveils “Panyu Action” at the 22nd Guangzhou International Auto Show

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GUANGZHOU, China, Nov. 17, 2024 /PRNewswire/ — On November 15, at the 22nd Guangzhou International Auto Show, GAC’s self-owned brands unveiled three groundbreaking models. Alongside these vehicle debuts, GAC Group introduced its three-year strategic initiative – “Panyu Action” – which aims to increase the share of self-owned brands to over 60% of total group sales by 2027, targeting 2 million units in sales.

Designed to drive GAC Group’s transformation, “Panyu Action” is expected to enhance operational efficiency and position the company for sustained high-quality development. This strategic initiative is expected to help GAC strengthen its leadership within both domestic and international automotive markets.

Feng Xingya, President of GAC Group, stated, “GAC Group has taken a solid step forward in its new phase of transformation. We will forge ahead with determination and live up to expectations, presenting an all-new GAC to everyone over the next three years!”

In line with its vision, GAC Group has invested over 50 billion yuan in independent research and development. The company plans to invest an additional 50 billion yuan in the next three years to support its “Panyu Action” initiative, reinforcing its commitment to remain at the forefront of technological innovation in the automotive industry.

“Right now, GAC’s global expansion is entering a new phase, with vehicle exports and local production moving forward together,” said Wei Haigang, President of GAC International. ” We will continue to expand international markets, with plans to reach 100 countries and regions by 2027, and export 500,000 vehicles.”

As part of its growth strategy, GAC Group unveiled three standout models at this year’s auto show: the S7, GAC’s first advanced intelligent vehicle, featuring AI-driven ambient lighting with eight preset expressions for personalized interaction; the Aion UT, the third global strategic model from Aion, with bold headlights and a hatchback design that embodies a unique, free-spirited style; and the HYPTEC HL, GAC’s luxury intelligent flagship SUV, which combines yacht-style wraparound design with zero-gravity seats for an unmatched luxury electric driving experience.

These new models highlight GAC Group’s dedication to leading the smart electric vehicle market, with plans for their introduction to international markets as part of the company’s ongoing global expansion strategy.

Looking ahead, GAC Group remains committed to delivering better products, services, and experiences to consumers worldwide, enhancing mobility solutions and enriching the lives of customers across the globe.

SOURCE GAC

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