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Eyewear Market Report Scope & Overview:

The Eyewear Market was valued at US$ 182.55 billion in 2022 and is Projected to reach US$ 348.28 billion by 2031 with a growing CAGR of 8.41% over the forecast period of 2024-2031.

Refractive errors such myopia, hyperopia (farsightedness), astigmatism, and presbyopia are the main reason people need glasses. Eyewear helps correct eyesight so that people can see clearly and go about their daily lives safely and comfortably.

Eyewear Market Revenue Analysis

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Sunglasses are crucial for shielding the eyes from the damaging ultraviolet (UV) rays that the sun emits. Long-term UV radiation exposure can cause cataracts, macular degeneration, and corneal damage, among other issues with the eyes. These risks can be lessened with the use of good sunglasses with UV protection. The right eyewear can assist lessen eye strain and fatigue for people who work long hours on digital devices or engage in visually demanding activities like reading, studying, or driving. For these uses, specialised lenses, such as those with anti-reflective coatings, can be very useful. Protective eyewear is crucial in several occupations or sectors to protect the eyes from potential risks. This can include safety eyewear to protect the eyes from dust, chemicals, or other possible hazards in factory, laboratory, or construction situations.

Eyewear is now a common fashion accessory that people use to show their distinctive style and improve their appearance. Even if they don't need their eyesight corrected, many people choose to wear eyeglass frames as a fashion statement. Specialised eyewear can improve performance and protect the eyes in a variety of sports. For instance, sports eyewear like sunglasses or goggles can enhance vision and protect the eyes from the elements when participating in activities like skiing, cycling, or swimming.

For appropriate visual development in children, early detection and treatment of vision issues are essential. It is possible to guarantee that a child's vision develops properly during crucial growth phases with the aid of prescription eyewear.

Market Dynamics

Driver

  • The rise in the demand of eyewear in sports

Athletes participating in outdoor sports are exposed to dangerous UV radiation from the sun, which can cause cataracts and macular degeneration. UV-protected sunglasses provide crucial eye protection, lowering the likelihood of these disorders and improving general eye health.

Squinting in bright light can cause eye strain and discomfort, therefore wearing sunglasses during sports can help. Comfortable eyes can lead to improved attention and concentration, which can improve an athlete's performance. 

Restrain

  • The high cost of the branded eyewear’s.   

Opportunity

  • The rising technological advancement and the increase of the sales channel.

Product Type, lens, and manufacturing process advancements provide opportunity to build more durable, lightweight, and high-performance eyewear. The incorporation of Sales Channel into eyewear, such as smart glasses and augmented reality (AR) eyewear, opens the door to new functionalities such as hands-free communication, navigation, and data visualisation. With the increasing popularity of online shopping, eyewear makers and retailers have a tremendous chance to reach a bigger client base and provide a comfortable purchasing experience.

Challenge

  • The availability of the refurbished and low-quality products which might affect the customers eyesight.

Key Market Segmentation

By product Type

  • Prescription Glasses/ Spectacles

  • Sunglasses

  • Contact Lenses

 By Sales Channel

  • Retail Stores

  • Online Stores

By End User

  • Men

  • Women

Eyewear Market Segmentation Analysis

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Regional Coverage:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

 

Regional Analysis:

North America region will be dominating the market because of comprising prescription glasses, sunglasses, and contact lenses, is a large market in North America. The consumer base in the United States and Canada is big and diverse, with a strong demand for fashion-forward and luxury eyewear products. Market growth is driven by the presence of established eyewear companies, optical shops, and e-commerce platforms. Rising eye health awareness and higher disposable income both contribute to rising eyewear sales. Smart eyeglasses and new technologies are becoming increasingly popular.

APAC region will be the region with the highest CAGR growth rate because of the region's consumer base is broad, with a mix of fashion-conscious metropolitan clients and cost-conscious rural customers. Rising awareness of eye health and a growth in the number of people needing vision correction drive up demand for eyewear. Because of their low prices and appealing designs, local eyewear brands are gaining prominence.

Key Players:

The major players are Coopervision, Carl Zeissa AG, Johnson & Johnson Vision, CIBA Vision, Fielmann AG, Hoya Corporation, JINS, Marchon Eyewear, Warby Parker, Zenni Optical, Chemilens, and others players

Coopervision-Company Financial Analysis

Company Landscape Analysis

Recent Developments

Coopervision

  • The company announces final agreement for the acquisition of sauflon pharmaceuticals LTD.

Johnson & Johnson Vision

  • The company present new clinical data on Acuvue OASYS MAX-1DAY contact lenses at BCLA conferences.

Eyewear Market Report Scope:

Report Attributes Details
Market Size in 2022  US$ 168 Bn
CAGR   CAGR of 8.3% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By product Type (Prescription Glasses/ Spectacles, Sunglasses and Contact Lenses)
• By Sales Channel (Retail Stores and Online Stores)
• By End User (Men and Women)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Coopervision, Carl Zeissa AG, Johnson & Johnson Vision, CIBA Vision, Fielmann AG, Hoya Corporation, JINS, Marchon Eyewear, Warby Parker, Zenni Optical, Chemilens
Key Drivers • The rise in the demand of eyewear in sports
Market Restraints • The high cost of the branded eyewear’s.   

 

Frequently Asked Questions

Ans:  The Eyewear Market is expected to grow at a CAGR of 8.3 %.

Ans: The Eyewear Market size was USD 168 billion in 2022

Ans: The rise in the demand of eyewear in sports

Ans: The availability of the refurbished and low-quality products which might affect the customers eyesight.

Ans: North American region is dominating the market

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Eyewear Market, By Product Type
8.1    Prescription Glasses/ Spectacles
8.2    Sunglasses
8.3    Contact Lenses

9. Eyewear Market, By Sales Channel 
9.1    Retail Stores
9.2    Online Stores

10. Eyewear Market, By End User 
10.1 Men 
10.2 Women

11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Eyewear Market by Country
11.2.2North America Eyewear Market by Product Type
11.2.3 North America Eyewear Market by Sales Channel
11.2.4 North America Eyewear Market by End User
11.2.5 USA
11.2.5.1 USA Eyewear Market by Product Type
11.2.5.2 USA Eyewear Market by Sales Channel
11.2.5.3 USA Eyewear Market by End User
11.2.6 Canada
11.2.6.1 Canada Eyewear Market by Product Type
11.2.6.2 Canada Eyewear Market by Sales Channel
11.2.6.3 Canada Eyewear Market by End User
11.2.7 Mexico
11.2.7.1 Mexico Eyewear Market by Product Type
11.2.7.2 Mexico Eyewear Market by Sales Channel
11.2.7.3 Mexico Eyewear Market by End User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Eyewear Market by Country
11.3.1.2 Eastern Europe Eyewear Market by Product Type
11.3.1.3 Eastern Europe Eyewear Market by Sales Channel
11.3.1.4 Eastern Europe Eyewear Market by End User
11.3.1.5 Poland
11.3.1.5.1 Poland Eyewear Market by Product Type
11.3.1.5.2 Poland Eyewear Market by Sales Channel
11.3.1.5.3 Poland Eyewear Market by End User
11.3.1.6 Romania
11.3.1.6.1 Romania Eyewear Market by Product Type
11.3.1.6.2 Romania Eyewear Market by Sales Channel
11.3.1.6.4 Romania Eyewear Market by End User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Eyewear Market by Product Type
11.3.1.7.2 Turkey Eyewear Market by Sales Channel
11.3.1.7.3 Turkey Eyewear Market by End User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Eyewear Market by Product Type
11.3.1.8.2 Rest of Eastern Europe Eyewear Market by Sales Channel
11.3.1.8.3 Rest of Eastern Europe Eyewear Market by End User
11.3.2 Western Europe
11.3.2.1 Western Europe Eyewear Market by Country
11.3.2.2 Western Europe Eyewear Market by Product Type
11.3.2.3 Western Europe Eyewear Market by Sales Channel
11.3.2.4 Western Europe Eyewear Market by End User
11.3.2.5 Germany
11.3.2.5.1 Germany Eyewear Market by Product Type
11.3.2.5.2 Germany Eyewear Market by Sales Channel
11.3.2.5.3 Germany Eyewear Market by End User
11.3.2.6 France
11.3.2.6.1 France Eyewear Market by Product Type
11.3.2.6.2 France Eyewear Market by Sales Channel
11.3.2.6.3 France Eyewear Market by End User
11.3.2.7 UK
11.3.2.7.1 UK Eyewear Market by Product Type
11.3.2.7.2 UK Eyewear Market by Sales Channel
11.3.2.7.3 UK Eyewear Market by End User
11.3.2.8 Italy
11.3.2.8.1 Italy Eyewear Market by Product Type
11.3.2.8.2 Italy Eyewear Market by Sales Channel
11.3.2.8.3 Italy Eyewear Market by End User
11.3.2.9 Spain
11.3.2.9.1 Spain Eyewear Market by Product Type
11.3.2.9.2 Spain Eyewear Market by Sales Channel
11.3.2.9.3 Spain Eyewear Market by End User
11.3.2.10 Netherlands
11.3.2.10.1 Netherlands Eyewear Market by Product Type
11.3.2.10.2 Netherlands Eyewear Market by Sales Channel
11.3.2.10.3 Netherlands Eyewear Market by End User
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Eyewear Market by Product Type
11.3.2.11.2 Switzerland Eyewear Market by Sales Channel
11.3.2.11.3 Switzerland Eyewear Market by End User
11.3.2.1.12 Austria
11.3.2.12.1 Austria Eyewear Market by Product Type
11.3.2.12.2 Austria Eyewear Market by Sales Channel
11.3.2.12.3 Austria Eyewear Market by End User
11.3.2.13 Rest of Western Europe
11.3.2.13.1 Rest of Western Europe Eyewear Market by Product Type
11.3.2.13.2 Rest of Western Europe Eyewear Market by Sales Channel
11.3.2.13.3 Rest of Western Europe Eyewear Market by End User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Eyewear Market by country
11.4.2 Asia-Pacific Eyewear Market by Product Type
11.4.3 Asia-Pacific Eyewear Market by Sales Channel
11.4.4 Asia-Pacific Eyewear Market by End User
11.4.5 China
11.4.5.1 China Eyewear Market by Product Type
11.4.5.2 China Eyewear Market by Sales Channel
11.4.5.3 China Eyewear Market by End User
11.4.6 India
11.4.6.1 India Eyewear Market by Product Type
11.4.6.2 India Eyewear Market by Sales Channel
11.4.6.3 India Eyewear Market by End User
11.4.7 Japan
11.4.7.1 Japan Eyewear Market by Product Type
11.4.7.2 Japan Eyewear Market by Sales Channel
11.4.7.3 Japan Eyewear Market by End User
11.4.8 South Korea
11.4.8.1 South Korea Eyewear Market by Product Type
11.4.8.2 South Korea Eyewear Market by Sales Channel
11.4.8.3 South Korea Eyewear Market by End User
11.4.9 Vietnam
11.4.9.1 Vietnam Eyewear Market by Product Type
11.4.9.2 Vietnam Eyewear Market by Sales Channel
11.4.9.3 Vietnam Eyewear Market by End User
11.4.10 Singapore
11.4.10.1 Singapore Eyewear Market by Product Type
11.4.10.2 Singapore Eyewear Market by Sales Channel
11.4.10.3 Singapore Eyewear Market by End User
11.4.11 Australia
11.4.11.1 Australia Eyewear Market by Product Type
11.4.11.2 Australia Eyewear Market by Sales Channel
11.4.11.3 Australia Eyewear Market by End User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Eyewear Market by Product Type
11.4.12.2 Rest of Asia-Pacific Eyewear Market by Sales Channel
11.4.12.3 Rest of Asia-Pacific Eyewear Market by End User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Eyewear Market by Country
11.5.1.2 Middle East Eyewear Market by Product Type
11.5.1.3 Middle East Eyewear Market by Sales Channel
11.5.1.4 Middle East Eyewear Market by End User
11.5.1.5 UAE
11.5.1.5.1 UAE Eyewear Market by Product Type
11.5.1.5.2 UAE Eyewear Market by Sales Channel
11.5.1.5.3 UAE Eyewear Market by End User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Eyewear Market by Product Type
11.5.1.6.2 Egypt Eyewear Market by Sales Channel
11.5.1.6.3 Egypt Eyewear Market by End User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Eyewear Market by Product Type
11.5.1.7.2 Saudi Arabia Eyewear Market by Sales Channel
11.5.1.7.3 Saudi Arabia Eyewear Market by End User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Eyewear Market by Product Type
11.5.1.8.2 Qatar Eyewear Market by Sales Channel
11.5.1.8.3 Qatar Eyewear Market by End User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Eyewear Market by Product Type
11.5.1.9.2 Rest of Middle East Eyewear Market by Sales Channel
11.5.1.9.3 Rest of Middle East Eyewear Market by End User
11.5.2 Africa
11.5.2.1 Africa Eyewear Market by Country
11.5.2.2 Africa Eyewear Market by Product Type
11.5.2.3 Africa Eyewear Market by Sales Channel
11.5.2.4 Africa Eyewear Market by End User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Eyewear Market by Product Type
11.5.2.5.2 Nigeria Eyewear Market by Sales Channel
11.5.2.5.3 Nigeria Eyewear Market by End User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Eyewear Market by Product Type
11.5.2.6.2 South Africa Eyewear Market by Sales Channel
11.5.2.6.3 South Africa Eyewear Market by End User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Eyewear Market by Product Type
11.5.2.7.2 Rest of Africa Eyewear Market by Sales Channel
11.5.2.7.3 Rest of Africa Eyewear Market by End User
11.6 Latin America
11.6.1 Latin America Eyewear Market by country
11.6.2 Latin America Eyewear Market by Product Type
11.6.3 Latin America Eyewear Market by Sales Channel
11.6.4 Latin America Eyewear Market by End User
11.6.5 Brazil
11.6.5.1 Brazil America Eyewear Market by Product Type
11.6.5.2 Brazil America Eyewear Market by Sales Channel
11.6.5.3 Brazil America Eyewear Market by End User
11.6.6 Argentina
11.6.6.1 Argentina America Eyewear Market by Product Type
11.6.6.2 Argentina America Eyewear Market by Sales Channel
11.6.6.3 Argentina America Eyewear Market by End User
11.6.7 Colombia
11.6.7.1 Colombia America Eyewear Market by Product Type
11.6.7.2 Colombia America Eyewear Market by Sales Channel
11.6.7.3 Colombia America Eyewear Market by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Eyewear Market by Product Type
11.6.8.2 Rest of Latin America Eyewear Market by Sales Channel
11.6.8.3 Rest of Latin America Eyewear Market by End User

12. Company profile
12.1 Coopervision
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Carl Zeissa AG
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Johnson & Johnson Vision
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 CIBA Vision
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Fielmann AG
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Hoya Corporation
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 JINS
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Marchon Eyewear
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Warby Parker
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Chemilens
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View

13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions

14. Use Case and Best Practices

15. Conclusion

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The 5 steps process:

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Secondary Research

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Primary Research

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Data Bank Validation

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