Eyewear Market Size, Share & Trends | Industry Forecast, 2027

4.3
Eyewear Market Size, Share & Trends | Industry Forecast, 2027

The Eyewear Market is anticipated to expand at a significant CAGR during the forecast period (2020-2027).

Eyewear Market

The Eyewear Market is anticipated to expand at a significant CAGR during the forecast period (2020-2027).

The factors driving the growth of Eyewear Market includes increasing cases of eye blindness and vision loss, growing demand for spectacles, endorsement of premium eyewear products by celebrities and growing popularity of swimming, golf, and water polo. According to the report published by Statista, the total revenue generated worldwide from the sales of spectacle lenses was valued at USD 50.33 billion in 2022, of which United States held the highest market share around USD United States USD 29,380.00 million in 2022, which will boost the Eyewear Market Growth in North America. Moreover, the advent of remote working and e-learning models, increased promotions of spectacles by the leading companies on social media platforms such as Instagram, Facebook and Twitter and easy availability of spectacle lenses on e-commerce platforms, are some of the additional factors supplementing the Global Eyewear Market. In addition, the growing influence of fashion industry, rising disposable incomes and increased exposure of radiations coming from computers, smartphones, and television, are further augmenting the Eyewear Market Share.

However, the growth of Eyewear Market is hindered due to limited accessibility to luxury sunglasses in the developing countries.

The major players operating in the market are ZEISS International, Fielmann, Safilo Group S.p.A., Alcon, Coolwinks, Vision Express, EssilorLuxottica, Johnson & Johnson Vision, Bausch Health Companies Inc. and ZEISS International among others.

Product Type – Segment Analysis

As per the Eyewear Market Trends, the spectacles segment is predicted to capture the largest market share during the forecast period. The increasing cases of Computer vision syndrome (CVS) due to continuous exposure to smartphones, tablets and laptops and increasing influence of fashion industry on the consumers.

Distribution Channel – Segment Analysis

Based on distribution channel, the online segment is anticipated to grow at a significant CAGR over the forecast period attributed to increasing number of eyewear startups, rising sales of eyewear products such as spectacles, goggles, and contact lenses through e-commerce platforms such as Amazon and Flipkart.

Regional – Segment Analysis

According to the Eyewear Market Analysis, the European region is expected to expand at a remarkable CAGR during the forecast period. The increasing number of fashion events, presence of luxury eyewear manufacturers such as Gucci S.p.A. and Prada S.p.A., rising innovation in spectacles, Government expenditure on promoting sporting activities such as swimming and high per-capita incomes, are some of the important factors propelling the Eyewear Market size.

Eyewear Market Segmentation

Global Eyewear Market by Product Type

Contact Lenses

Spectacles

Sunglasses

Global Eyewear Market by End User

Men

Women

Unisex

Global Eyewear Market by Distribution Channel

Offline

Online

Global Eyewear Market by Region

Asia Pacific

China

Japan

India

Rest of APAC

North America

United States of America

Canada

Europe

United Kingdom

Germany

France

Spain

Rest of Europe

RoW

Brazil

South Africa

Saudi Arabia

UAE

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