Eyewear Market: Market Size, Trends and Growth Analysis [2023-2028]

The Impact of COVID-19 is included in Eyewear Market. Buy it today to get an advantage.

Request the impact of COVID-19 on your product or industry

Eyewear Market Trends and Forecast

The future of the global eyewear market looks promising with opportunities in the online and offline retail industries. The global eyewear market is expected to reach an estimated $196.5 billion by 2028 with a CAGR of 6.4% from 2023 to 2028. The major drivers for this market are an upsurge in demand for prescription spectacles and contact lenses due to increases in vision impairments, growing geriatric population, and rising exposure of younger generation to smartphones and computer, leading to vision problems.

Eyewear Market by Product, Distribution Channel, and Gender

Emerging Trends in Eyewear Market

Emerging trends, which have a direct impact on the dynamics of the industry, include development of brain-sensing eyewear, development of eco-friendly polymer material for spectacles frames and lenses, and growing use of colored contact lenses.
A total of 195 figures / charts and 153 tables are provided in this 323-page report to help in your business decisions. Sample figures with some insights are shown below.

In this market, spectacles is the largest product type market, whereas offline channel is largest in distribution channel. Growth in various segment of the eyewear market are given below:

The study includes trends and forecast for the global eyewear market by product type, distribution channel, gender, and region as follows:

Eyewear Market by Product Type [Value ($M) and Volume (Million Units) from 2017 to 2028]:

Spectacles
Contact Lenses
Sunglasses

Eyewear Market by Distribution Channel [Value ($ Million) and Volume (Million Units) from 2017 to 2028]:

Offline Channels
Online Channels

Eyewear Market by Gender [Value ($ Million) and Volume (Million Units) from 2017 to 2028]:

Men
Women

Eyewear Market by Region [Value ($ Million) and Volume (Million Units) from 2017 to 2028]:

North America
- US
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
APAC
- China
- Japan
- India
ROW
- Brazil

List of Eyewear Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, eyewear companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the eyewear companies profiled in this report include-

Eyewear Market Insights

Lucintel forecasts that the spectacles will remain the largest segment over the forecast period due to growing population suffering from vision problems, increasing awareness regarding eye healthcare, and growing number of users of smartphones and computers. Lucintel predicts that the sunglasses segment is expected to witness the highest growth during the forecast period due to changing fashion trends and increasing awareness regarding harmful effects of UV rays on the eyes.
Within the global eyewear market, offline will remain the largest distribution channel over the forecast period the forecast period due to increasing consumer preference towards after sales services and ease to make a choice of eyewear products.
APAC will remain the largest region and it is also expected to witness the highest growth over the forecast period due to growing awareness about eye healthcare, increase in population of vision deteriorates with ageing, and rising disposable incomes further accelerating the eyewear market growth in this region.

Features of the Global Eyewear Market

Market Size Estimates: Global eyewear market size estimation in terms of value ($M) and volume (Million Units) shipment.
Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments.
Segmentation Analysis: Global eyewear market size by product type, distribution channel, gender, and region in terms of value.
Regional Analysis: Global eyewear market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different by product type, distribution channel, gender, and region for the global eyewear market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global eyewear market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the eyewear market size?
Answer: The global eyewear market is expected to reach an estimated $196.5 billion by 2028.
Q2. What is the growth forecast for construction industry?
Answer: The eyewear market is expected to grow at a CAGR of 6.4% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the eyewear market?
Answer: The major drivers for this market are an upsurge in demand for prescription spectacles and contact lenses due to increase in vision impairments, growing geriatric population, and rising exposure of younger generation to smartphones and computer, leading to vision problems.
Q4. What are the major product types for the eyewear market?
Answer: Spectacles, contact lenses, and sunglasses are the major product types of eyewear.
Q5. What are the emerging trends in the eyewear market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include development of brain-sensing eyewear, development of eco-friendly polymer material for spectacles frames and lenses, and growing use of colored contact lenses.
Q6. Who are the key eyewear companies?
Answer: Some of the key construction companies are as follows:

EssilorLuxottica
Carl Zeiss
Johnson & Johnson
BAUSCH and LOMB
Marchon
Fielmann
Alcon Vision
Hoya
Safilo

Q7.Which will be the largest eyewear distribution channel segment in the 2023-2028?
Answer: Lucintel forecasts offline will remain the largest distribution channel segment over the forecast period due to increasing consumer preference for aftersales services and the ease to choose eyewear products
Q8: In eyewear market, which region is expected to be the largest in the next five years?
Answer: APAC will remain the largest region, and it is also expected to witness the highest growth over the next five years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions

Q.1 What are some of the most promising growth opportunities for the global eyewear market by product type (spectacles, contact lenses, and sunglasses), distribution channel (offline and online), gender (men and women), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the global eyewear market?
Q.5 What are the business risks and threats to the global eyewear market?
Q.6 What are the emerging trends in this eyewear market and the reasons behind them?
Q.7 What are some changing demands of customers in the eyewear market?
Q.8 What are the new developments in the eyewear market? Which companies are leading these developments?
Q.9 Who are the major players in the eyewear market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the eyewear market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the global eyewear market?

for any questions related to eyewear market or related to eyewear companies, spectacles market, sunglasses market, contact lenses market, men glasses market, women glasses market, offline eyewear market, online eyewear market, eyewear competitors, eyewear market size, eyewear market share, eyewear market analysis, eyewear market size, write lucintel analyst at email: helpdesk@lucintel.com. we will be glad to get back to you soon.

Ask an Expert

Table of Contents

1. Executive Summary

2. Market Background and Classifications

2.1: Introduction, Background, and Classifications

2.2: Supply Chain

2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2016 to 2027

3.1: Macroeconomic Trends and Forecast

3.2: Global Eyewear Market Trends and Forecast

3.3: Global Eyewear Market by Product Type

3.3.1: Spectacles

3.3.1.1 Spectacle Lenses and Spectacle Frames

3.3.2: Contact Lenses

3.3.2.1: Soft Contact Lenses and Rigid Contact Lenses

3.3.3: Sunglasses

3.3.3.1: Polarized Sunglasses and Non-Polarized Sunglasses

3.4: Global Eyewear Market by Distribution Channel

3.4.1: Offline

3.4.2: Online

3.5: Global Eyewear Market by Gender

3.5.1: Men

3.5.2: Women

4. Market Trends and Forecast Analysis by Region

4.1: Global Eyewear Market by Region

4.2: North American Eyewear Market

4.2.1: Market by Product Type: Spectacles, Contact Lenses, and Sunglasses

4.2.2: Market by Gender: Men and Women

4.2.3: Market by Distribution Channel: Offline and Online

4.2.4: The US Eyewear Market

4.2.5: Canadian Eyewear Market

4.2.6: Mexican Eyewear Market

4.3: European Eyewear Market

4.3.1: Market by Product Type: Spectacles, Contact Lenses, and Sunglasses

4.3.2: Market by Gender: Men and Women

4.3.3: Market by Distribution Channel: Offline and Online

4.3.4: Eyewear Market of the United Kingdom

4.3.5: German Eyewear Market

4.3.6: French Eyewear Market

4.3.7: Italian Eyewear Market

4.3.8: Spanish Eyewear Market

4.4: APAC Eyewear Market

4.4.1: Market by Product Type: Spectacles, Contact Lenses, and Sunglasses

4.4.2: Market by Gender: Men and Women

4.4.3: Market by Distribution Channel: Offline and Online

4.4.4: Chinese Eyewear Market

4.4.5: Japanese Eyewear Market

4.4.6: Indian Eyewear Market

4.5: ROW Eyewear Market

4.5.1: Market by Product Type: Spectacles, Contact Lenses, and Sunglasses

4.5.2: Market by Gender: Men and Women

4.5.3: Market by Distribution Channel: Offline and Online

4.5.4: Brazilian Eyewear Market

5. Competitor Analysis

5.1: Product Portfolio Analysis

5.2: Market Share Analysis

5.3: Operational Integration

5.4: Geographical Reach

5.5: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

6.1: Growth Opportunity Analysis

6.1.1: Growth Opportunities for the Global Eyewear Market by Product Type

6.1.2: Growth Opportunities for the Global Eyewear Market by Distribution Channel

6.1.3: Growth Opportunities for the Global Eyewear Market by Gender

6.1.4: Growth Opportunities for the Global Eyewear Market by Region

6.2: Emerging Trends in the Global Eyewear Market

6.3: Strategic Analysis

6.3.1: New Product Development

6.3.2: Capacity Expansion of the Global Eyewear Market

6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Eyewear Market

6.3.4: Technological Development

7. Company Profiles of Leading Players

7.1: EssilorLuxottica SA

7.2: Carl Zeiss AG

7.3: Johnson & Johnson

7.4: BAUSCH + LOMB

7.5: Marchon

7.6: Fielmann AG

7.7: Alcon Vision LLC

7.8: Hoya

7.9: Safilo Group

7.10: Marcolin Eyewear

Buy full report or by chapter as follows

Price by License Type:

1 User $4,850 2 Users $5,800 5 Users $6,700 Corporate License $8,850

[-] Hide Chapter Details

Title/Chapter Name	Pages	Price

Full Report: Eyewear Market: Market Size, Trends and Growth Analysis [2023-2028]

Full Report

$ 4,850

150 - page report

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:

In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.

Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.

Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.