Eyewear Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Eyewear Market
The Eyewear market size was valued at USD 161.61 billion in 2023, and the market is now projected to grow from USD 170.98 billion in 2024 to USD 285.20 billion by 2032, exhibiting a CAGR of 6.6% during the forecast period of 2023-2030.
The fast unfold of COVID-19 has appreciably affected the eyewear market in a negative way. Government bodies enforced firm lockdown in the primary segment of the COVID-19 pandemic. This brought about the closure of ophthalmic clinics and retail stores for a prolonged period. The postponement of non-pressing eye exam appointments additionally triggered a dip inside the sales revenue of many gamers running inside the marketplace.
On an international foundation, there is an increase in awareness associated with ocular issues in developing nations, that's envisioned to surge the eyeglass products' acceptance.A higher population of people affected by ocular illnesses is predicted to be one of the key drivers influencing the marketplace developments. This factor lead to the Eyewear market growth.
The style corporation appreciably influences the global eyewear market tendencies. The advent of three-D printing has enabled short and smooth customization of eyeglasses. For instance, in July 2021, Luxexcel delivered Luxexcel VisionPlatform 7, the organisation’s next-era production platform, to help corporations in integrating prescription lenses into the producing of smart glasses in their manufacturing facilities. This era combines devices together with waveguides and liquid crystal foils within the path of the 3-D printing method.
Comprehensive Analysis of Eyewear Market
The Eyewear market is rising at an exponential charge due to its marketplace segmentation. Based on the product type, the market is segmented into sunglasses, contact lenses, and spectacles. By distribution channel, the market is segregated into online store, retail store, and ophthalmic clinics.
North America has the largest Eyewear market share. The well-mounted e-commerce transport system inside the U.S. And availability of offerings with expanded local manufacturing is propelling the marketplace increase in North America. In addition, excessive inclination in the direction of eyewear merchandise amongst consumers and extended utilization of devices together with aggravating lifestyle are predominant driving elements for the market.
The top players in the market play a crucial role in the Eyewear industry assuring industrial prospectus growth and setting market standards. These players include, EssilorLuxottica (France), CooperVision (U.S.), Johnson & Johnson Vision Care, Inc. (Johnson & Johnson Services, Inc.) (U.S.), LUXOTTICA GROUP (Italy), Bausch & Lomb Incorporated (U.S.), ZEISS (Germany), Fielmann AG (Germany), and SAFILO GROUP S.P.A. (Italy), and Alcon (Switzerland).
In October 2023, Lenskart introduced Blue Billion Collective – a brand new healing product line. This release changed into aimed to have a good time the Cricket World Cup by using imparting a extensive range of products in blue to assist crew India.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.6% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Product
Spectacles
- Frames
- Lens
Sunglasses
- Plano
- Prescription
Contact lens
- Toric
- Multifocal
- Sphere
By Distribution Channel
Retail Store
Online Store
Ophthalmic Clinics
By Region
North America (By Product Type, By Distribution Channel, and By Country)
- U.S. (by Product Type)
- Canada (by Product Type)
Europe (By Product Type, By Distribution Channel, and, By Country)
- U.K. (by Product Type)
- Germany (by Product Type)
- France (by Product Type)
- Italy (by Product Type)
- Spain (by Product Type)
- Rest of Europe (by Product Type)
Asia Pacific (by Product Type, By Distribution Channel, and, By Country)
- China (by Product Type)
- Japan (by Product Type)
- India (by Product Type)
- Australia (by Product)
- Southeast Asia (by Product)
- Rest of Asia Pacific (by Product)
Latin America (by Product Type, By Distribution Channel, and, By Country)
- Brazil (by Product)
- Mexico (by Product)
- Rest of Latin America (by Product)
Middle East & Africa (By Product Type, By Distribution Channel, and, By Country)
- GCC Countries (by Product)
- South Africa (by Product)
- Rest ofthe Middle East & Africa (by Product)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Epidemiology of Ocular Disease, By Key Countries/Region, 2022/2023
- 4.2. Snapshot: U.S. Reading Glasses Market
- 4.3. Introduction of New Products/Approvals, By Key Players
- 4.4. Key Industry Developments - Mergers, Acquisitions, and Partnerships
- 4.5. Impact of COVID-19 on the Market
- 5. Global Eyewear Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Market Analysis, Insights and Forecast - By Product Type
- 5.1.1. Spectacles
- 5.1.1.1. Frames
- 5.1.1.2. Lens
- 5.1.2. Sunglasses
- 5.1.2.1. Plano
- 5.1.2.2. Prescription
- 5.1.3. Contact Lens
- 5.1.3.1. Toric
- 5.1.3.2. Multifocal
- 5.1.3.3. Sphere
- 5.2. Market Analysis, Insights and Forecast - By Distribution Channel
- 5.2.1. Retail Store
- 5.2.2. Online Store
- 5.2.3. Ophthalmic Clinics
- 5.3. Market Analysis, Insights and Forecast - By Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Latin America
- 5.3.5. Middle East & Africa
- 6. North America Eyewear Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast - By Product Type
- 6.1.1. Spectacles
- 6.1.1.1. Frames
- 6.1.1.2. Lens
- 6.1.2. Sunglasses
- 6.1.2.1. Plano
- 6.1.2.2. Prescription
- 6.1.3. Contact Lens
- 6.1.3.1. Toric
- 6.1.3.2. Multifocal
- 6.1.3.3. Sphere
- 6.2. Market Analysis, Insights and Forecast - By Distribution Channel
- 6.2.1. Retail Store
- 6.2.2. Online Store
- 6.2.3. Ophthalmic Clinics
- 6.3. Market Analysis, Insights and Forecast - By Country
- 6.3.1. U.S.
- 6.3.1.1. By Product Type
- 6.3.2. Canada
- 6.3.2.1. By Product Type
- 7. Europe Eyewear Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast - By Product Type
- 7.1.1. Spectacles
- 7.1.1.1. Frames
- 7.1.1.2. Lens
- 7.1.2. Sunglasses
- 7.1.2.1. Plano
- 7.1.2.2. Prescription
- 7.1.3. Contact Lens
- 7.1.3.1. Toric
- 7.1.3.2. Multifocal
- 7.1.3.3. Sphere
- 7.2. Market Analysis, Insights and Forecast - By Distribution Channel
- 7.2.1. Retail Store
- 7.2.2. Online Store
- 7.2.3. Ophthalmic Clinics
- 7.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 7.3.1. U.K.
- 7.3.1.1. By Product Type
- 7.3.2. Germany
- 7.3.2.1. By Product Type
- 7.3.3. France
- 7.3.3.1. By Product Type
- 7.3.4. Spain
- 7.3.4.1. By Product Type
- 7.3.5. Italy
- 7.3.5.1. By Product Type
- 7.3.6. Scandinavia
- 7.3.6.1. By Product Type
- 7.3.7. Rest of Europe
- 7.3.7.1. By Product Type
- 8. Asia Pacific Eyewear Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast - By Product Type
- 8.1.1. Spectacles
- 8.1.1.1. Frames
- 8.1.1.2. Lens
- 8.1.2. Sunglasses
- 8.1.2.1. Plano
- 8.1.2.2. Prescription
- 8.1.3. Contact Lens
- 8.1.3.1. Toric
- 8.1.3.2. Multifocal
- 8.1.3.3. Sphere
- 8.2. Market Analysis, Insights and Forecast - By Distribution Channel
- 8.2.1. Retail Store
- 8.2.2. Online Store
- 8.2.3. Ophthalmic Clinics
- 8.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 8.3.1. Japan
- 8.3.1.1. By Product Type
- 8.3.2. China
- 8.3.2.1. By Product Type
- 8.3.3. India
- 8.3.3.1. By Product Type
- 8.3.4. Australia
- 8.3.4.1. By Product Type
- 8.3.5. Southeast Asia
- 8.3.5.1. By Product Type
- 8.3.6. Rest of Asia Pacific
- 8.3.6.1. By Product Type
- 9. Latin America Eyewear Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast - By Product Type
- 9.1.1. Spectacles
- 9.1.1.1. Frames
- 9.1.1.2. Lens
- 9.1.2. Sunglasses
- 9.1.2.1. Plano
- 9.1.2.2. Prescription
- 9.1.3. Contact Lens
- 9.1.3.1. Toric
- 9.1.3.2. Multifocal
- 9.1.3.3. Sphere
- 9.2. Market Analysis, Insights and Forecast - By Distribution Channel
- 9.2.1. Retail Store
- 9.2.2. Online Store
- 9.2.3. Ophthalmic Clinics
- 9.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 9.3.1. Brazil
- 9.3.1.1. By Product Type
- 9.3.2. Mexico
- 9.3.2.1. By Product Type
- 9.3.3. Rest of Latin America
- 9.3.3.1. By Product Type
- 10. Middle East & Africa Eyewear Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Market Analysis, Insights and Forecast - By Product Type
- 10.1.1. Spectacles
- 10.1.1.1. Frames
- 10.1.1.2. Lens
- 10.1.2. Sunglasses
- 10.1.2.1. Plano
- 10.1.2.2. Prescription
- 10.1.3. Contact Lens
- 10.1.3.1. Toric
- 10.1.3.2. Multifocal
- 10.1.3.3. Sphere
- 10.2. Market Analysis, Insights and Forecast - By Distribution Channel
- 10.2.1. Retail Store
- 10.2.2. Online Store
- 10.2.3. Ophthalmic Clinics
- 10.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 10.3.1. GCC Countries
- 10.3.1.1. By Product Type
- 10.3.2. South Africa
- 10.3.2.1. By Product Type
- 10.3.3. Rest of Middle East & Africa
- 10.3.3.1. By Product Type
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis (2023)
- 11.2. Company Profiles
- 11.2.1. Alcon
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT analysis
- 11.2.1.4. Recent developments
- 11.2.1.5. strategies
- 11.2.1.6. financials (based on availability)
- 11.2.2. EssilorLuxottica
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT analysis
- 11.2.2.4. Recent developments
- 11.2.2.5. strategies
- 11.2.2.6. financials (based on availability)
- 11.2.3. CooperVision
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT analysis
- 11.2.3.4. Recent developments
- 11.2.3.5. strategies
- 11.2.3.6. financials (based on availability)
- 11.2.4. Johnson & Johnson Services, Inc.
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT analysis
- 11.2.4.4. Recent developments
- 11.2.4.5. strategies
- 11.2.4.6. financials (based on availability)
- 11.2.5. Bausch Health Companies Inc.
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT analysis
- 11.2.5.4. Recent developments
- 11.2.5.5. strategies
- 11.2.5.6. financials (based on availability)
- 11.2.6. ZEISS
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT analysis
- 11.2.6.4. Recent developments
- 11.2.6.5. strategies
- 11.2.6.6. financials (based on availability)
- 11.2.7. Fielmann AG
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT analysis
- 11.2.7.4. Recent developments
- 11.2.7.5. strategies
- 11.2.7.6. financials (based on availability)
- 11.2.8. SAFILO GROUP S.P.A
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT analysis
- 11.2.8.4. Recent developments
- 11.2.8.5. strategies
- 11.2.8.6. financials (based on availability)
- 11.2.9. LUXOTTICA GROUP
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT analysis
- 11.2.9.4. Recent developments
- 11.2.9.5. strategies
- 11.2.9.6. financials (based on availability)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook