0
2021
Eyewear Market

Eyewear Market

by Product Type (Prescription Glasses/Spectacles, Sunglasses, and Contact Lenses), Mode of Sale (Retail Stores and Online Stores), and End User (Men and Women): Global Opportunity Analysis and Industry Forecast 2021-2030

Report Code: A01323
Pages: 299
Nov 2021 | 54685 Views
Author(s) : Jaya B , Roshan D
Tables: 153
Charts: 73
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Eyewear Market

Request Now !

The global eyewear market size was valued at $110,900.0 million in 2020, and is projected to reach $237,051.1 million by 2030, registering a CAGR of 8.4%.

The global eyewear market has witnessed a notable growth in the recent years, especially in the emerging countries of Asia-Pacific, such as India and China. Surge in visual impairment and eye defects cases coupled with inclination toward latest fashion trends are the major factors that drive the growth of the global eyewear market. Rise in use of digital devices and gadgets by the young generation have led to an upsurge in the number of eye disorders, thereby, increasing the demand for vision correction products. In addition, factors such as increased disposable income and improved standard of living in the developing economies, such as India and Brazil have led to the adoption of premium quality and branded eyewear.

eyewear-Market-2021-2030

The market has witnessed an increase in demand from female consumers, particularly for trendy and branded eyewear. The rise in number of female professionals and economic independency of women are the key factors that foster the adoption of eyewear products among women. Endorsement by celebrities has increased the demand for designer and premium eyewear. Increased preference for contact lenses has boosted the overall growth of the eyewear market.

The COVID-19 pandemic had an adverse effect on the eyewear market, however the sales are expected to ramp up in the upcoming years. This is majorly due to surge in demand for eyewear products especially in the North America and Europe. 

Conscious efforts are now being put into standardization of medical and vision care facilities in rural areas in a bid to reduce eyesight related issues. Governments in various countries in partnership with different organizations are initiating programs to provide reasonable eye care facilities to the rural population. With such initiatives in place, rural populations are expected to benefit from efficient healthcare and eye care facilities. Thus, these collaborations with different institutions are anticipated to drive the growth of eyewear market.

Eyewear Market
By Product Type

Your browser does not support the canvas element.

Contact lenses segment is expected to grow at highest CAGR of 8.8% during the forecast period

Get more information on this report : Request Sample Pages

Extended live expectancy and ageing population are major factors that boost the growth of eyewear market. Old aged people tend to experience a wide gamut of vision related problems such as presbyopia and cataract, thereby fostering an increase in demand for eyewear products.

According to eyewear market analysis, the market is segmented on the basis of product type, mode of sale, end user, and region. On the basis of product type, the eyewear market is categorized into prescription glasses/spectacles, sunglasses, and contact lenses. According to mode of sale, it is fragmented into retail stores and online stores. As per end user, the market is divided into men and women. Region wise, the eyewear market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America contributed the highest revenue in 2020 and is expected to dominate the market during the forecast period.

Eyewear Market
By Mode Of Sale

Your browser does not support the canvas element.

Online stores segment is expected to grow at highest CAGR of 9.0% during the forecast period.

Get more information on this report : Request Sample Pages

By product type, the prescription glasses/spectacles segment garnered the highest eyewear market share in 2020, due to increased rate of education and longer life expectancy across the world, which has resulted in growth in demand for prescription glasses. Depending on mode of sale, the retail stores segment led the market in 2020. This is attributed to the fact that the market players have equipped their eyewear retail stores with the latest technology and services, coupled with a wide range of local as well as international eyewear brands to meet consumer need. On the basis of end user, the men segment is anticipated to dominate the eyewear market with the highest share during the eyewear market forecast. This is attributed to men preferring superior quality and designer sunglasses, which according to them determine a social status.

Several companies that operate in the global eyewear market have adopted product launch and acquisition as their key growth strategies to sustain the intense competition in the market and to increase their market presence. The products of prominent companies, such as Carl Zeiss and Prada are endorsed by renowned celebrities to boost their net sales and increase their popularity. With change in technology and availability of a variety of light-weight raw materials, several companies now offer high-quality and innovative designs in eyewear models. 

Eyewear Market
By End User

Your browser does not support the canvas element.

Women segment is expected to grow at highest CAGR of 8.7% during the forecast period.

Get more information on this report : Request Sample Pages

Numerous companies are proactively setting up new retail outlets, especially in emerging countries, such as India and China, to expand their geographical presence. Many companies have acquired leading regional online eyewear companies to expand their online presence and increase their customer base. Intensive marketing campaigns by prominent companies have increased brand awareness in the global market; thus, leading to the growth of the eyewear market.

The prominent eyewear industry participants include Carl Zeiss AG, Essilor Luxottica, Grand Vision, Johnson & Johnson, Inc., Safilo Group S.p.A., Prada S.p.A, Valeant Pharmaceuticals, Cooper Vision Inc., Alcon, Marcolin SpA, De Rigo Vision SpA, Hoya Corporationand, and Fielmann AG.

Eyewear Market
By Regions

2030
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific dominates the market and is expected to grow at highest CAGR of 9.3% during the forecast period.

Get more information on this report : Request Sample Pages

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the current eyewear market trends, estimations, and dynamics of the global eyewear market from 2021 to 2030 to identify the prevailing eyewear market opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global industry. 
  • The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
  • The report includes analyses of the regional as well as global market, key players, market segments, application areas, and eyewear market growth strategies.

Eyewear Market Report Highlights

Aspects Details
By Product Type
  • Prescription glasses/spectacles
  • Sunglasses
  • Contact lenses
By Mode of Sale
  • Retail stores
  • Online stores
By End User
  • Men
  • Women
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe   (UK, France, Italy, Germany, Spain, Netherlands, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, AustraliaR, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, United Arab Emirates, Rest of LAMEA)
Key Market Players Carl Zeiss AG, Essilor International S.A., GrandVision, Johnson & Johnson, Inc., Safilo Group S.p.A, Prada S.p.A, Luxottica Group S.p.A, Valeant Pharmaceuticals International, Inc., Cooper Companies, Inc., Fielmann AG
 

Loading Table Of Content...


 
 

According to the insights of CXOs of leading companies, factors such as ageing population, increased vision impairment, and eye defects have fostered the growth of eyewear market. Developing countries in Asia-Pacific are projected to exhibit rapid growth in future. In countries such as India, growth in purchasing power and inclination toward western culture has resulted in growing interest in trendy eyewear products. The prescription glasses/spectacles segment occupies a major revenue share in the eyewear market. Sunglasses & contact lens segment has exhibited a huge growth potential for the near future. The men segment in the global eyewear market occupied the largest market share in the world eyewear market in 2020 and is poised to continue the trend till 2030.

However, the female segment is expected to grow at a rapid rate, owing to growth in number of working female population and the resultant economic independency. Moreover, market players are launching new variety of eyewear to cater to the fashion-conscious female segment. Eyewear is distributed through mediums-retail stores and online stores. Retail segment occupies a major portion of the world eyewear market, whereas online mode of sale is expected to gain prominence during the forecast period, owing to convenience, attractive discounts, and increased awareness.

Market players formulate different strategies to remain competitive in the market. Product launch and acquisition strategies help in enhancing company’s product portfolio while further expanding their geographical presence. Emerging economies provide lucrative opportunities for growth and expansion of the market.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The global eyewear market size was valued at $110,900.0 million in 2020, and is projected to reach $237,051.1 million by 2030, registering a CAGR of 8.4%. The global eyewear market has witnessed a notable growth in the recent years, especially in the emerging countries of Asia-Pacific, such as India and China.

A. The CAGR of eyewear market is 8.4%. The market has witnessed an increase in demand from female consumers, particularly for trendy and branded eyewear. Increased preference for contact lenses has boosted the overall growth of the eyewear market.

A. The sample report of eyewear market is available on the request on the website of Allied Market Research. The similar reports are also available on the request on the website of Allied Market Research.

A. The forecast period in the market report is 2021-2030. The global eyewear market size was valued at $110,900.0 million in 2020, and is projected to reach $237,051.1 million by 2030, registering a CAGR of 8.4%.

A. The prominent eyewear industry participants include Carl Zeiss AG, Essilor Luxottica, Grand Vision, Johnson & Johnson, Inc., Safilo Group S.p.A., Prada S.p.A, Valeant Pharmaceuticals, Cooper Vision Inc., Alcon, Marcolin SpA, De Rigo Vision SpA, Hoya Corporationand, and Fielmann AG.

A. According to eyewear market analysis, the market is segmented on the basis of product type, mode of sale, end user, and region. On the basis of product type, the eyewear market is categorized into prescription glasses/spectacles, sunglasses, and contact lenses. According to mode of sale, it is fragmented into retail stores and online stores. As per end user, the market is divided into men and women. Region wise, the eyewear market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America contributed the highest revenue in 2020 and is expected to dominate the market during the forecast period.

A. Region wise, the eyewear market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America contributed the highest revenue in 2020 and is expected to dominate the market during the forecast period.

A. The COVID-19 pandemic had an adverse effect on the eyewear market, however the sales are expected to ramp up in the upcoming years. This is majorly due to surge in demand for eyewear products especially in the North America and Europe.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Eyewear Market

Start reading instantly.
This Report and over 19,661+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,712
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Nov 2022 - Nov 2023)
  • Data Pack
  • $4,125
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Nov 2022 - Nov 2023)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Nov 2022 - Nov 2023)
  • Five Users
  • $6,929
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Nov 2022 - Nov 2023)
  • Enterprise
    License/PDF

  • $10,663
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Nov 2022 - Nov 2023)
  • Library
    Membership

  • $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers