Eyeglasses

Global Eyeglasses Market to Reach US$234.4 Billion by 2030

The global market for Eyeglasses estimated at US$166.1 Billion in the year 2024, is expected to reach US$234.4 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2024-2030. Lenses, one of the segments analyzed in the report, is expected to record a 5.7% CAGR and reach US$91.0 Billion by the end of the analysis period. Growth in the Frames segment is estimated at 6.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$46.0 Billion While China is Forecast to Grow at 8.3% CAGR

The Eyeglasses market in the U.S. is estimated at US$46.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$27.5 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.6% and 5.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.0% CAGR.

Global Eyeglasses Market - Key Trends & Drivers Summarized

What Defines the Modern Eyeglasses Market and Its Importance to Vision Health?

Eyeglasses, serving both functional and aesthetic purposes, are essential optical devices designed to correct or enhance vision. Traditionally used to correct refractive errors such as myopia (nearsightedness), hyperopia (farsightedness), astigmatism, and presbyopia, glasses have evolved significantly in terms of materials, design, and functionality. Today’s eyeglasses are a blend of advanced optical technology and fashion, crafted from materials ranging from durable polycarbonate and lightweight titanium to stylish acetate. With innovations in lens technology, such as progressive lenses, anti-reflective coatings, and blue light filtering, modern eyeglasses not only provide vision correction but also comfort, protection, and style, making them indispensable for individuals experiencing vision impairments.

How Technological Advancements are Reshaping Eyeglass Designs and Features?

Technological advancements have dramatically transformed eyeglass designs and features, pushing the boundaries of both functionality and fashion. The integration of digital technology has led to the development of smart glasses, which augment traditional vision correction with features like heads-up displays, augmented reality, and connectivity with smartphones. Innovations in lens manufacturing have resulted in thinner, lighter, and more impact-resistant lenses, enhancing wearer comfort and visual clarity. Moreover, treatments such as photochromic transitions and UV coatings have improved the protective qualities of eyeglasses, safeguarding users from harmful UV rays and blue light emitted by digital screens. These advancements not only cater to the health and lifestyle needs of consumers but also contribute to the growing customization and personalization trend in eyewear.

What Trends Influence Consumer Preferences and Demand in Eyewear?

Consumer preferences in the eyewear market are influenced by several key trends that dictate product development and marketing strategies. There is a growing consumer awareness regarding eye health, partly driven by the increasing screen time in both adults and children, which has boosted the demand for protective lenses. Fashion trends also play a significant role, as eyeglasses are increasingly viewed as fashion accessories, leading to frequent changes in frame styles and colors influenced by fashion industry cycles. The demand for sustainable and ethically produced eyewear has risen, with more brands offering eco-friendly frames made from recycled materials or renewable resources. Additionally, the customization trend is gaining traction, with consumers seeking products that are tailored to their specific aesthetic preferences and lifestyle needs, prompting eyewear companies to offer more personalized services and products.

What Drives the Growth of the Eyeglasses Market?

The growth in the eyeglasses market is driven by several factors, including the rising prevalence of vision impairments, increased awareness of eye health, technological innovations, and changing fashion trends. Globally, the increasing incidence of refractive errors due to genetic factors and lifestyle changes, such as prolonged exposure to computer screens, necessitates the use of corrective eyewear. Advances in eyeglass technology that enhance functionality and wearer experience also contribute to market expansion. Furthermore, eyeglasses have transcended their primary function of vision correction to become key fashion accessories, with new designs and materials continuously enriching consumer choices. The growing elderly population, which typically suffers from age-related optical issues, also significantly propels the demand for eyewear. Additionally, the expanding accessibility and affordability of eyewear, through both physical retail and e-commerce channels, ensures that a broader demographic can benefit from these products, further driving market growth. These multifaceted drivers highlight the dynamic nature of the eyeglasses industry and its capacity to adapt to both health-related and consumer lifestyle shifts.

SCOPE OF STUDY:

The report analyzes the Eyeglasses market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Segment (Lenses, Frames, Sunglasses); Distribution Channel (Retail, Online); Gender (Male, Female)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 488 Featured) -

• Alcon Vision LLC
• AO Eyewear
• Apollo Eyewear
• Bausch Health Companies, Inc.
• Carl Zeiss AG
• CooperVision
• Fielmann AG
• Hoya Corporation
• Safilo Group SpA
• ZheJiang East Optical Technology

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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