America & Europe Eyewear Market Research Report Information by Type (Spectacles, Sunglasses, Contact Lenses, and Others), by End User (Men, Women, Unisex, and Kids), by Category (Recreational or Non-Prescribed and Prescribed Eyewear), by Price Range (Classic/Mass and Premium), by Distribution Channel Industry Forecast to 2030
The eyeglasses market in America and Europe is anticipated to increase significantly over the study period, with a compound annual growth rate (CAGR) of 3.74% during the forecast period. By the end of the forecast period (2023-2030), the market is anticipated to have grown from its 2022 valuation of USD 84,214.5 million to USD 112,481.2 million.
The market for eyewear in America and Europe is anticipated to rise significantly over the next several years. Due to the rising prevalence of vision-related diseases and new product launches with innovative features, consumers' preferences are shifting toward fashionable and functional eyewear, which is driving the growth of the eyewear market in the Americas and Europe.
In addition, the increasing emphasis on growth tactics and the rising demand for premium and personalized eyeglasses goods present profitable opportunities in the years to come. However, the market is facing significant hurdles because to the growing competition among the competitors and the growing trend toward corrective eye procedures, which are supported by stringent government regulation.
Segmentation of the MarketThe eyewear market in America and Europe is divided into several categories, including contact lenses, sunglasses, and spectacles. Another name for spectacles is eyeglasses or glasses. These are frames with lenses that are worn in front of the eyes to improve vision or treat vision problems like astigmatism, myopia, and hyperopia.
The eyewear market in America and Europe is divided into four segments based on the end user: men, women, children, and unisex. In 2022, the women's sector held a 39.75% market share, and over the course of the forecast period, it is anticipated to grow at a CAGR of 3.23%.
The eyewear market in America and Europe is divided into two segments based on price range: classic/mass and premium.
The market for eyewear in America and Europe is divided into two categories: prescription and recreational, or non-prescription, eyewear.
Due to the greater advantages offered by the offline distribution channel, the store-based sector, which held a market share of 80.36% in 2022, is anticipated to grow at a compound annual growth rate (CAGR) of 3.98% in the years to come. For example, another advantage is that a customer has more choices for the same product.
Key PlayersEssilorLuxottica, Cooper Comp, Fielman AG, Safio Group, Johnson & Johnson Vision, Zeiss, Marcolin, Bausch Health Companies Inc., OpticLibre, Groupe One, Kering, S.L (CECOP), Natural Optics Group, MIOPTICO Group SL, Innova Vision Inc., Claravision, Sociedad Cooperativa Coptival Zas Visión, COOPESP, Optivisao, Grupo Ergovisão, Institutoptico, Ópticas Conselheiros da Visão, and Vision Source are the major companies in the eyewear market in America and Europe.