Eyewear Market- 2016-2031

Eyewear Market- 2016-2031

Market Definition

In recent years, the worldwide eyeglasses industry has seen significant expansion, particularly in Asia-Pacific rising markets like as India and China. The global eyewear market is being driven by an increase in occurrences of visual impairment and eye problems, as well as a desire to follow the newest fashion trends. The increased use of digital devices and gadgets by the younger generation has resulted in an increase in the frequency of eye illnesses, driving up demand for vision correction goods. Furthermore, factors such as greater disposable income and a better standard of living in developing nations such as India and Brazil have prompted the adoption of high-end, branded eyewear.Due to an increase in the number of patients suffering from visual errors such as myopia, hyperopia, presbyopia, and astigmatism, the worldwide eyewear industry is driven by glasses and prescription contact lenses. Rapid urbanisation, which causes high stress, an ageing population, which causes age-related macular degeneration, diabetic retinopathy, vitamin deficiencies, and prolonged exposure to sunshine and dust are all factors that contribute to visual impairment.

As a result of increased demand for branded eyewear as a result of urbanisation, the plano sunglasses business is expanding. Furthermore, the surge in customer concerns about their eyes, aided by the introduction of premium eye protection lenses for sunglasses, is driving increasing product demand.

By product

Contact lenses 7.3%

Spectacles 8.0%

Sunglasses 7.7%

Others 7.8%

By Distribution Channel

E-commerce 8.3%

Brick-Mortar 7.7%

By Region

North America 7.6%

Europe 7.2%

Asia Pacific 8.1%

Latin America 7.2%

Middle East & Africa 8.0%