Eyewear Market

Global eyewear market has been witnessing significant growth over the past few years. The changing lifestyle patterns and increasing adoption of luxurious accessories among millennial are driving the market growth. Encouraged by the strongly rising product demand, eyewear makers are focusing on developing attractive and affordable eyewear. These people are introducing new designs and patterns to quickly respond to the current fashion trends and attract fashion enthusiasts. Continuous efforts by leading market players to acquire new customers and retain existing ones are positively influencing the market growth. Growing consumer preference for fashionable eyewear products beyond basic need is a major factor propelling the market growth. Changing lifestyle and rising health awareness has boosted demand for sunglasses and reading glasses. Rising disposable income levels coupled with the advent of e-commerce has made quality eyewear affordable and accessible to masses. Other factors including increasing number of opticians, ophthalmologists, awareness campaigns for eye care are further boosting the sales of spectacles, contact lenses, and other vision correcting products worldwide.

Market Dynamics:

The key drivers influencing the growth of global eyewear market are changing consumer lifestyles, growing focus on aesthetics, and rising awareness about eye health and vision disorders. Increasing youth population, rapid urbanization, and ability to purchase are also positively impacting the eyewear sales. However, availability of low quality counterfeit products and strong presence of local unorganized players are some of the major challenges faced by established brands. Meanwhile, development of new technologies related to frames, lenses and vision correction is opening newer opportunities for market expansion. Growing demand for premium and customized lenses, smart glasses and non-prescription sunglasses present high growth prospects going forward.

Key features of the study:

• This report provides in-depth analysis of the global eyewear market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global eyewear market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Luxottica Group SpA, Essilor International S.A, Carl Zeiss AG, Hoya Corporation (Life Care), Johnson & Johnson Vision Care, Inc., Cooper Companies Inc., Fielmann AG., Safilo Group Spa, Marcolin S.p.A., and De Rigo S.p.A.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global eyewear market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global eyewear market.

Detailed Segmentation:

• Global Eyewear Market, By Product Type
  • Spectacles
  • Plano Sunglasses
  • Contact Lenses
  • Sportswear
  • Eye Care
• Global Eyewear Market, By Price Range
  • Premium
  • Mid
  • Low
• Global Eyewear Market, By Distribution Channel
  • E-commerce/Online
  • Company Outlets/Franchises
  • Hospitals
  • Clinics
  • Multi-brand Stores
•  Global Eyewear Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Top Companies in the Global Eyewear Market
  • Luxottica Group SpA 
  • Essilor International S.A
  • Carl Zeiss AG
  • Hoya Corporation (Life Care)
  • Johnson & Johnson Vision Care Inc.
  • Cooper Companies Inc.
  • Fielmann AG.
  • Safilo Group Spa
  • Marcolin S.p.A.
  • De Rigo S.p.A.