America & Europe Eyewear Market Research Report Forecast to 2030

America & Europe Eyewear Market Research Report Forecast to 2030

America & Europe Eyewear Market Research Report Forecast to 2030

Market Overview

The America & Europe eyewear market is projected to witness significant growth during the review period, exhibiting a CAGR of 3.74% during the forecast period. The market was estimated to be USD 84,214.5 million in 2022 and is expected to reach a value of USD 112,481.2 million by the end of the forecast period (2023-2030).

Eyewear includes items worn on or over the eyes, to improve visual acuity, protection against the environment, and for enhancing the overall appearance of oneself. There are various types of eyewear available such as spectacles, sunglasses, contact lenses and many others. Spectacles are lenses set in frames, which are worn in front of the eyes for aiding vision or for correcting eye defects of vision such as hyperopia, myopia, and astigmatism. Sunglasses are informally known as shades. They are used for protecting eyewear and are primarily designed for preventing high-energy visible light and bright sunlight from damaging or discomforting the eyes. Contact lenses are thin plastic lenses, which are placed directly on the surface of the eye for correcting the visual defects of eyes. Contact lenses helps in correcting most vision problems such as Far-sightedness, Near-sightedness, and Astigmatism.

Market Segmentation

Based on type, the America & Europe eyewear market is segmented into spectacles, sunglasses, contact lenses, and others. Spectacles are also known as glasses or eyeglasses. These are lenses set in frames, which are worn in front of the eyes for aiding vision or for correcting eye defects of vision such as hyperopia, myopia, and astigmatism.

Based on end user, the America & Europe eyewear market is segmented into men, women, unisex, and kids. The women segment accounted for a market share of 39.75% in 2022 and is expected to exhibit a CAGR of 3.23% during the forecast period. However, the men segment is also expected to hold a significant share owing to cultural shifts as men have become more concerned with their appearance, coupled with rising disposable income levels for men.

Based on price range, the America & Europe eyewear market is segmented into classic/mass and premium. The classic/mass segment accounted for a market share of 81.92% in 2022 and is expected to exhibit a CAGR of 3.40% during the forecast period.

Based on category, the America & Europe eyewear market is segmented into recreational or non-prescribed and prescribed eyewear. The prescribed eyewear segment accounted for a market share of 82.35% in 2022 and is expected to exhibit a CAGR of 3.85% during the forecast period. Recreational or non-prescribed eyewear are eyewear containing no lens powers for correcting any vision problems.

Based on the distribution channel, the store-based segment accounted for a market share of 80.36% in 2022 and is expected to exhibit a CAGR of 3.98% in the upcoming years owing to the increased benefits provided by offline distribution channel. For instance, a consumer has more options for the same product, which is an additional benefit.

Major Players

Essilor Luxottica, Cooper Companies Inc., Monsine Eyewear, ANTONIO MIRO eyewear, Mirojeans Eyewear. CooperVision, Johnson & Johnson Services Inc Be Natural, Antonio Miro, Natural Optics, ANTONIO MIRO Eyewear, MIROJEANS Eyewear, Bausch Health Companies, Safilo Group, and Natural Optics.