Global Eyewear Market

Global Eyewear Market Size, Share, Growth Analysis, By Products(Contact Lenses, Spectacles), By Distribution Channel(Retail Stores, Online Stores) - Industry Forecast 2023-2030


Report ID: SQSG35B2025 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 63 | Figures: 75

Global Eyewear Market Insights

Eyewear Market size was valued at USD 157.9 billion in 2021 and is poised to grow from USD 170.8 billion in 2022 to USD 357.1 billion by 2030, growing at a CAGR of 8.4% in the forecast period (2023-2030).

The shift in millennials' lifestyle preferences and their growing use of expensive accessories promote market expansion. Encouraged by the rising consumer demand for their products, eyewear manufacturers concentrate on creating stylish and reasonably priced eyewear. In an effort to quickly respond to current fashion trends and draw in fashion fans, they are releasing fresh designs and patterns. The main market players' ongoing efforts to win new clients and keep hold of existing ones are having a favorable impact on market statistics.

The businesses have a tendency to improve the customer experience by providing cutting-edge services and goods. For instance, Essilor launched the My Vision Check app in July 2021 to enable customers to screen at home before scheduling an appointment for a comprehensive eye checkup with their local clinic. With the release of its new app, Virtual Vision Exam, which offers an at-home vision test akin to what eye doctors perform, Warby Parker also updated its online prescription renewal service at this time. It offers customers an updated prescription so they can buy glasses or contact lenses.

Through e-commerce websites and the spread of social media, the increased distribution further fuels the market's expansion. The eyewear firms advertise heavily on well-known social media sites like Instagram, Twitter, and Facebook, which gives them the chance to assess audience preferences and provide carefully selected items. These platforms assist businesses in implementing cutting-edge marketing techniques like influencer and affiliate marketing to increase the profitability of their operations.

People spent more time on cell phones, laptops, and desktop computers as a result of the adoption of remote working models and online learning because of the lockdown constraints. Longer screen time encouraged consumers to purchase anti-fatigue and vision correction eyewear, which helped eyewear businesses boost sales of anti-fatigue and blue light-canceling lenses.

US Eyewear Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 157.9 billion

Largest Segment

Retail Shops

Fastest Growth

Retail Shops

Growth Rate

8.4% CAGR

Global Eyewear Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Eyewear Market Size By Distribution Channel 2022-2028 ($ Bn)
Global Eyewear Market Size By Distribution Channel 2022-2028 (%)

To get more reports on the above market click here to Buy The Report

Global Eyewear Market Segmental Analysis

The global eyewear market is segmented based on products, distribution channels, and region. Based on products, the market is segmented into contact lenses, spectacles, and sunglasses. Based on the distribution channel, the market is segmented into retail stores, online stores, and ophthalmic clinics. Based on region, the global Eyewear market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Eyewear Market Analysis by Type

In 2021, the spectacles segment accounted for the largest market share of the global eyewear market and is anticipated to continue its dominance throughout the forecast period. This is due to the rising prevalence of myopia and hyperopia. Another factor expected to contribute to the sector's expansion is the rising attraction of products offered by industry leaders. Increasing demand for contact lenses, especially in the Asia-Pacific and Latin American regions, is expected to fuel the expansion of the contact lens market during the analysis period.

Countries in Latin America, the Middle East, and Africa all have a high unmet need for sunglasses. Market participants in the eyewear industry are expanding their consumer bases through the use of digital marketing channels and competitive pricing these are some of the factors propelling the eyewear market in these regions during the projection period.

Eyewear Market Analysis by Distribution Channel

In 2021, the eyewear market was dominated by the retail store segment and is anticipated to continue dominance over the next few years. The retail store segment is growing because consumers have more options for purchasing eyewear than ever before, thanks to the increasing number of shopping malls and branded retail outlets. Online avenues for purchasing eyewear, however, are increasing in popularity in recent years. This trend is expected to boost e-commerce revenue during the analysis period. these are some of the major factors that are driving the demand for eyewear products in recent times and are expected to propel the eyewear market during the forecast period.

Global Eyewear Market By Distribution Channel 2021 (%), 2021 (%)

To get detailed analysis on other segments, Request For Free Sample Report

Global Eyewear Market Regional Insights

North America accounted for more than 25% of the worldwide eyewear market's revenue in 2021 and is anticipated to dominate the market during the analysis period due to the region's growing demand for eye ware products, which will propel the market during the forecast period.

Contact lenses are expected to grow in popularity in the Asia-Pacific and Latin American regions due to the aesthetic benefits they provide. The market in Europe, which includes countries such as Germany, France, the United Kingdom, and others, is anticipated to expand due to a preference for high-end eyewear products, a greater understanding of ocular disorders, and rising disposable incomes that enable the purchase of expensive sunglasses. The expansion of the European market is anticipated to be propelled by the increasing demand for trendy eyewear in the region during the forecast period.

Global Eyewear Market By Geography, 2022-2028, 2023-2030
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Global Eyewear Market Dynamics

Eyewear Market Driver

Increasing awareness among people regarding the harmful effects of ultraviolet rays is driving the eyewear market.

  • With more people becoming aware of the risks of prolonged exposure to UVA and UVB rays, the sunglasses segment of the eyewear market is expected to expand at a faster rate during the projection period. Manufacturers' diverse product offerings are increasing global demand for eyewear products. Also, people are turning more towards prescription sunglasses as a means of both correcting their vision and shielding their eyes from harmful UV radiation are some of the major factors propelling the eyewear market growth during the analysis period.

Eyewear Market Restraint

Increasing adoption of less expensive frames and sunglasses in developing nations restraint market growth.

  • Spectacle frames and lenses can be purchased at a lower price in shops in developing countries. The high cost of quality eyewear and contact lenses is aggravated by import tariffs in developing countries. During the assessment period, these issues, in addition to the lower contact lens prevalence in emerging nations, are expected to restrain market growth and slow down eyewear market growth.

Request Free Customization of this report to help us to meet your business objectives.

Global Eyewear Market Competitive Landscape

The eyewear market is relatively fragmented, with a high level of competition. Few large players, like Charmant Inc., Carl Zeiss AG., and Bausch & Lomb Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.

Eyewear Market Top Player’s Company Profiles

  • Luxottica Group S.p.A.
  • Essilor International
  • Johnson & Johnson Vision Inc.
  • Safilo Group S.p.A.
  • Bausch & Lomb Incorporated
  • Carl Zeiss AG
  • CooperVision
  • Marchon Eyewear, Inc.
  • Fielmann AG
  • GrandVision
  • Charmant Group
  • Marcolin S.p.A.
  • De Rigo Vision S.p.A.
  • Silhouette International Schmied AG
  • Rodenstock GmbH
  • HOYA Corporation
  • Seiko Optical Products Co., Ltd.
  • Alcon Vision LLC
  • Shamir Optical Industry Ltd.
  • Optic 2000

Eyewear Market Recent Developments

  • In September 2022, CooperVision announced the launch of MyDay Energys daily disposable contact lenses to their product line. It is a daily disposable contact lens with an innovative single-vision aspheric lens design, which was featured in the company's Biofinity Energys. The lenses are built for the modern world and provide exceptional comfort for users of digital devices.
  • In June 2022, The Bausch + Lomb Corporation announced its Revive bespoke soft contact lenses, a new line of customized soft contact lenses. These are available in spherical, toric, multifocal, and multifocal toric variants, and are designed to address the visual demands of more patients, including those with high or unique prescriptions.

Global Eyewear Key Market Trends

  • Fashion has a significant impact on the prevalent trends in this profession. With the evolution of 3D printing, it is now possible to produce eyeglasses in a matter of hours rather than days. As the popularity of social media sites such as Instagram and TikTok continues to rise, rapid style changes in accessories such as sunglasses have garnered considerable attention. It is no secret that businesses want to increase their global reach, hence they are collaborating with social media influencers. In addition, prominent players in the eyeglasses market are focusing on mergers and acquisitions to increase their products' global availability. These are some of the major trends propelling the eyewear market growth during the analysis period.

Global Eyewear Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, the global eyewear market has expanded significantly in recent years, particularly in the Asia Pacific because of growing economies. The increased use of digital devices and gadgets by the younger generation has increased the number of eye diseases. Increased demand for contact lenses is predicted to contribute to the expansion of the market during the analysis period. North America accounted for more than 25% of the worldwide eyewear market's revenue in 2021. The region's growing demand for eye ware products will propel the market during the analysis period. Contact lenses are expected to grow in popularity in the Asia-Pacific and Latin American regions due to the aesthetic benefits they provide. Online avenues for purchasing eyewear, however, are increasing in popularity in recent years.

Report Metric Details
Market size value in 2021 USD 157.9 billion
Market size value in 2030 USD 357.1 billion
Growth Rate 8.4%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Products
    • Contact Lenses, Spectacles, Sunglasses
  • Distribution Channel
    • Retail Stores, Online Stores, Ophthalmic Clinics
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Luxottica Group S.p.A.
  • Essilor International
  • Johnson & Johnson Vision Inc.
  • Safilo Group S.p.A.
  • Bausch & Lomb Incorporated
  • Carl Zeiss AG
  • CooperVision
  • Marchon Eyewear, Inc.
  • Fielmann AG
  • GrandVision
  • Charmant Group
  • Marcolin S.p.A.
  • De Rigo Vision S.p.A.
  • Silhouette International Schmied AG
  • Rodenstock GmbH
  • HOYA Corporation
  • Seiko Optical Products Co., Ltd.
  • Alcon Vision LLC
  • Shamir Optical Industry Ltd.
  • Optic 2000
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Eyewear Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Eyewear Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Eyewear Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Eyewear Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Eyewear Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Eyewear Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Eyewear Market size was valued at USD 157.9 billion in 2021 and is poised to grow from USD 170.8 billion in 2022 to USD 357.1 billion by 2030, growing at a CAGR of 8.4% in the forecast period (2023-2030).

The eyewear market is relatively fragmented, with a high level of competition. Few large players, like Charmant Inc., Carl Zeiss AG., and Bausch & Lomb Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Luxottica Group S.p.A.', 'Essilor International', 'Johnson & Johnson Vision Inc.', 'Safilo Group S.p.A.', 'Bausch & Lomb Incorporated', 'Carl Zeiss AG', 'CooperVision', 'Marchon Eyewear, Inc.', 'Fielmann AG', 'GrandVision', 'Charmant Group', 'Marcolin S.p.A.', 'De Rigo Vision S.p.A.', 'Silhouette International Schmied AG', 'Rodenstock GmbH', 'HOYA Corporation', 'Seiko Optical Products Co., Ltd.', 'Alcon Vision LLC', 'Shamir Optical Industry Ltd.', 'Optic 2000'

With more people becoming aware of the risks of prolonged exposure to UVA and UVB rays, the sunglasses segment of the eyewear market is expected to expand at a faster rate during the projection period. Manufacturers' diverse product offerings are increasing global demand for eyewear products. Also, people are turning more towards prescription sunglasses as a means of both correcting their vision and shielding their eyes from harmful UV radiation are some of the major factors propelling the eyewear market growth during the analysis period.

Fashion has a significant impact on the prevalent trends in this profession. With the evolution of 3D printing, it is now possible to produce eyeglasses in a matter of hours rather than days. As the popularity of social media sites such as Instagram and TikTok continues to rise, rapid style changes in accessories such as sunglasses have garnered considerable attention. It is no secret that businesses want to increase their global reach, hence they are collaborating with social media influencers. In addition, prominent players in the eyeglasses market are focusing on mergers and acquisitions to increase their products' global availability. These are some of the major trends propelling the eyewear market growth during the analysis period.

North America accounted for more than 25% of the worldwide eyewear market's revenue in 2021 and is anticipated to dominate the market during the analysis period due to the region's growing demand for eye ware products, which will propel the market during the forecast period.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Eyewear Market

Product ID: SQSG35B2025

$5,300
BUY NOW GET FREE SAMPLE