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A14400 | Pages: 280 | Charts: 12 | Tables: 32 |
The global glasses frame market was valued at $14,026.9 million in 2023, and is projected to reach $26,419.3 million by 2033, registering a CAGR of 6.8% from 2024 to 2033.
Glasses frames are structural components that hold the lenses of eyeglasses in place and allow them to be worn comfortably on the face. These frames are made from various materials such as metal alloys, plastics, or a combination of both. The main parts of a frame include rims that hold the lenses, bridge that rests on the nose, and temples or arms that extend over the ears. Frames are designed to provide a secure and comfortable fit while ensuring proper positioning of the corrective or protective lenses in front of the eyes. They are an essential accessory for those who require vision correction or eye protection.
MARKET DYNAMICS
The glasses frame market is driven by several factors, including rise in the aging population, which has significantly driven the demand for glasses frames. According to the estimates of the World Health Organization, people aged 60 years and older are expected to double by 2050, driving significant demand for glasses frames as more individuals seek vision correction and stylish eyewear options. As people age, the prevalence of vision-related issues such as presbyopia, cataracts, and age-related macular degeneration increases, which leads to a higher need for prescription eyewear. The growth in elderly population ensures a steady customer base for eyewear manufacturers, driving consistent sales and market.
Moreover, the Vision Council reported that in 2022 approximately 79% of adults in the U.S. used some form of vision correction, which equals to approximately 204.1 million people. In addition, the number of Americans aged 65 and older will nearly double over the next 40 years, reaching 80 million in 2040, as per the reports of the U.S. Census Bureau. In addition, it is estimated that at least 93% of people aged 65 and older wear corrective lenses, as older adults require more vision correction, which is anticipated to boost the demand for corrective lenses. In turn, the demand for glasses frames is poised for significant growth, ensuring a steady market growth for glasses frame manufacturers.
Furthermore, the aging population is increasingly active and fashion-conscious, seeking eyewear that meets their vision needs and also complements their style. The trend has led to surge in demand for a diverse range of frame designs, from classic and elegant to modern and trendy glass frames. Eyewear manufacturers are responding by offering a wider variety of frames tailored to older adults, incorporating features such as lightweight materials for comfort, durability, and aesthetic appeal. As a result, the glasses frame market benefits from both the functional necessity and the fashion preferences of the aging population, fueling continuous innovation and expansion in the industry.
However, the global glasses frame market faces a significant challenge from the prevalence of counterfeit products, which has restrained the demand for genuine and authentic frames. The proliferation of counterfeit eyewear has affected the sales of legitimate manufacturers and has also posed potential risks to consumers. Counterfeit glasses frames are often produced using inferior materials and lack of proper quality control measures, compromising their durability and safety. These substandard products can cause eye strain, headaches, and even vision problems owing to incorrect lens prescriptions and poor frame alignment.
In addition, counterfeit frames frequently infringe on the intellectual property rights of established brands, undermining their brand value and reputation. For instance, luxury brands such as Ray-Ban and Oakley have been targets of counterfeiting, with fake versions of their popular models easily available in the market.
Contrarily, the proliferation of counterfeit glasses frames contributes to market saturation, as it intensifies competition and price pressures on manufacturers. The manufacturers operating in the glasses frame market face challenges in distinguishing their products from counterfeit versions, which can lead to confusion among consumers and reduce brand loyalty. In addition, efforts to combat counterfeiting incur substantial costs for companies, including investments in anti-counterfeiting technologies, legal actions, and brand protection measures, which may not be possible for small and medium market players operating in the market. These factors collectively hinder the market growth by diverting resources away from innovation and market expansion strategies, thereby limiting the overall potential of the global glasses frame market.
Furthermore, rise in consumer demand for eco-friendly and sustainable products has created numerous growth opportunities for the manufacturers in the global glasses frame market. With a steady rise in environmental consciousness among consumers, glasses frame manufacturers have started production of frames made from sustainable and recycled materials, appealing to environmentally conscious consumers. Several leading brands are offering frames produced from innovative and eco-friendly materials. For instance, Modo Eyewear has a line of frames made from recycled plastic and bio-based materials, while Arnette and Oakley have introduced frames made from recycled industrial waste and repurposed materials. These initiatives reduce the environmental impact of production and resonate with consumers seeking sustainable choices.
In addition, the use of natural and biodegradable materials, such as wood and bamboo, has gained traction in the eyewear industry. Brands such as Proof Eyewear and Woodzee have capitalized on the trend by offering stylish and sustainable frames made from these renewable resources. The appeal of eco-friendly and sustainable frames extends beyond environmental concerns, as they also offer unique and distinctive designs, catering to consumers seeking individuality. As consumer demand for sustainable products continues to grow, the glasses frame market has several opportunities for innovation and differentiation in the global market.
SEGMENT OVERVIEW
The glasses frame market is segmented into shape and country. By shape, the market is categorized into rectangle, round, cat eye, square, aviator, hexagon, wayfarer, and others. Country-wise, it is analyzed across France, Italy, UK, Japan, the U.S., and South Korea.
BY SHAPE
By shape, the rectangle segment dominated the global glasses frame market in 2023 and is anticipated to maintain its dominance during the forecast period. Rectangle frames have a classic and sophisticated appeal with their simple and structured lines, which has made them a popular choice for consumers who prefer an understated and minimalistic aesthetic. The angular lines and proportions of rectangular frames complement various face shapes, from rounded to more angular or square features, offering versatility that caters to a wide range of customers. In addition, the clean and intellectual look of rectangle frames often conveys a professional and scholarly appearance, which has made them a sought-after option for office environments or those seeking an academic vibe.
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Moreover, many iconic eyewear brands, such as Ray-Ban and Persol, have rectangle frame styles that have become part of their brand heritage and identity, appealing to consumers who desire these classic designs. By manufacturing rectangle frame shapes, brands are anticipated to tap into the prevailing demand for timeless and versatile styles while aligning with current trends and consumer preferences for clean, minimalistic looks.
BY COUNTRY
Country-wise, the U.S. is anticipated to dominate the global glasses frame market with the largest share during the forecast period. Some of the major brands such as Ray-Ban, Oakley, and Warby Parker dominate the glasses frame market in the U.S., offering a wide range from classic designs to avant-garde fashion statements. The market is characterized by a mix of traditional retail outlets and booming online sales, with e-commerce platforms gaining significant traction. Consumers in the U.S. prioritize style along with functionality, opting for frames that offer comfort and durability.
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Moreover, major cities such as New York, Los Angeles, and Chicago serve as hubs for fashion-forward eyewear trends, which influences both domestic and international markets. The market is influenced by fashion trends, celebrity endorsements, and technological advancements such as blue light filtering lenses. Affordable options from private labels and luxury segments cater to different income segments in the U.S. Overall, the U.S. glasses frame market is dynamic, which is anticipated to boost owing to rise in innovation, fashion-forward designs, and consumer-centric choices.
COMPETITION ANALYSIS
The key players operating in the glasses frame industry include Charmant Group, De Rigo Vision S.P.A., EssilorLuxottica, Fielmann Group AG, Marchon Eyewear, Inc., Mondottica Limited, Safilo Group S.P.A, Silhouette International Schmied AG, Tory Burch LLC., and Warby Parker. Several well-known and upcoming brands are vying for market dominance in the expanding glasses frame industry. Smaller, niche firms are more well-known for catering to consumer demands and preferences. However, large conglomerates control most of the market and often buy innovative start-ups to broaden their product lines.
Key Market Segments
Key Market Players
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top Impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitution
3.3.4. Threat of new entrants
3.3.5. Intensity of competitive rivalry
3.4. Market Dynamics
3.4.1. Drivers
CHAPTER 4: GLASSES FRAME MARKET, BY SHAPE
4.1. Market overview
4.1.1. Market size and forecast
4.2. Rectangle
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by country
4.3. Round
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by country
4.4. Cat Eye
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by country
4.5. Square
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by country
4.6. Aviator
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast, by country
4.7. Hexagon
4.7.1. Key market trends, growth factors and opportunities
4.7.2. Market size and forecast, by country
4.8. Wayfarer
4.8.1. Key market trends, growth factors and opportunities
4.8.2. Market size and forecast, by country
4.9. Others
4.9.1. Key market trends, growth factors and opportunities
4.9.2. Market size and forecast, by country
CHAPTER 5: GLASSES FRAME MARKET, BY COUNTRY
5.1. Market overview
5.1.1. Market size and forecast, by country
5.2. France
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by country
5.3. Italy
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by country
5.4. UK
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by country
5.5. Japan
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by country
5.6. U.S.
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by country
5.7. SOUTH KOREA
5.7.1. Key market trends, growth factors and opportunities
5.7.2. Market size and forecast, by country
LIST OF TABLES
TABLE 01. GLOBAL GLASSES FRAME MARKET, BY SHAPE, 2023-2033 ($MILLION)
TABLE 02. GLOBAL GLASSES FRAME MARKET VOLUME, BY SHAPE, 2023-2033, (MILLION UNITS)
TABLE 03. GLASSES FRAME MARKET FOR RECTANGLE, BY COUNTRY, 2023-2033 ($MILLION)
TABLE 04. GLASSES FRAME MARKET FOR RECTANGLE, BY COUNTRY, 2023-2033 (MILLION UNITS)
TABLE 05. GLASSES FRAME MARKET FOR ROUND, BY COUNTRY, 2023-2033 ($MILLION)
TABLE 06. GLASSES FRAME MARKET FOR ROUND, BY COUNTRY, 2023-2033 (MILLION UNITS)
TABLE 07. GLASSES FRAME MARKET FOR CAT EYE, BY COUNTRY, 2023-2033 ($MILLION)
TABLE 08. GLASSES FRAME MARKET FOR CAT EYE, BY COUNTRY, 2023-2033 (MILLION UNITS)
TABLE 09. GLASSES FRAME MARKET FOR SQUARE, BY COUNTRY, 2023-2033 ($MILLION)
TABLE 10. GLASSES FRAME MARKET FOR SQUARE, BY COUNTRY, 2023-2033 (MILLION UNITS)
TABLE 11. GLASSES FRAME MARKET FOR AVIATOR, BY COUNTRY, 2023-2033 ($MILLION)
TABLE 12. GLASSES FRAME MARKET FOR AVIATOR, BY COUNTRY, 2023-2033 (MILLION UNITS)
TABLE 13. GLASSES FRAME MARKET FOR HEXAGON, BY COUNTRY, 2023-2033 ($MILLION)
TABLE 14. GLASSES FRAME MARKET FOR HEXAGON, BY COUNTRY, 2023-2033 (MILLION UNITS)
TABLE 15. GLASSES FRAME MARKET FOR WAYFARER, BY COUNTRY, 2023-2033 ($MILLION)
TABLE 16. GLASSES FRAME MARKET FOR WAYFARER, BY COUNTRY, 2023-2033 (MILLION UNITS)
TABLE 17. GLASSES FRAME MARKET FOR OTHERS, BY COUNTRY, 2023-2033 ($MILLION)
TABLE 18. GLASSES FRAME MARKET FOR OTHERS, BY COUNTRY, 2023-2033 (MILLION UNITS)
TABLE 19. GLASSES FRAME MARKET, BY COUNTRY, 2023-2033 ($MILLION)
TABLE 20. GLASSES FRAME MARKET VOLUME, BY SHAPE, 2023-2033 (MILLION UNITS)
TABLE 21. FRANCE GLASSES FRAME MARKET, BY SHAPE, 2023-2033 ($MILLION)
TABLE 22. FRANCE GLASSES FRAME MARKET, BY SHAPE, 2023-2033 (MILLION UNITS)
TABLE 23. ITALY GLASSES FRAME MARKET, BY SHAPE, 2023-2033 ($MILLION)
TABLE 24. ITALY GLASSES FRAME MARKET, BY SHAPE, 2023-2033 (MILLION UNITS)
TABLE 25. UK GLASSES FRAME MARKET, BY SHAPE, 2023-2033 ($MILLION)
TABLE 26. UK GLASSES FRAME MARKET, BY SHAPE, 2023-2033 (MILLION UNITS)
TABLE 27. JAPAN GLASSES FRAME MARKET, BY SHAPE, 2023-2033 ($MILLION)
TABLE 28. JAPAN GLASSES FRAME MARKET, BY SHAPE, 2023-2033 (MILLION UNITS)
TABLE 29. U.S. GLASSES FRAME MARKET, BY SHAPE, 2023-2033 ($MILLION)
TABLE 30. U.S. GLASSES FRAME MARKET, BY SHAPE, 2023-2033 (MILLION UNITS)
TABLE 31. SOUTH KOREA GLASSES FRAME MARKET, BY SHAPE, 2023-2033 ($MILLION)
TABLE 32. SOUTH KOREA GLASSES FRAME MARKET, BY SHAPE, 2023-2033 (MILLION UNITS)
LIST OF FIGURES
FIGURE 01. GLASSES FRAME MARKET, 2023-2033
FIGURE 02. SEGMENTATION OF GLASSES FRAME MARKET
FIGURE 03. TOP IMPACTING FACTORS IN GLASSES FRAME MARKET (2023 TO 2033)
FIGURE 04. TOP INVESTMENT POCKETS IN GLASSES FRAME MARKET (2024 TO 2033)
FIGURE 05. HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 06. MODERATE BARGAINING POWER OF BUYERS
FIGURE 07. HIGH THREAT OF SUBSTITUTION
FIGURE 08. MODERATE THREAT OF NEW ENTRANTS
FIGURE 09. MODERATE COMPETITIVE RIVALRY
FIGURE 10. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBAL GLASSES FRAME MARKET
FIGURE 11. GLASSES FRAME MARKET, BY SHAPE, 2023 (%)
FIGURE 12. GLASSES FRAME MARKET BY COUNTRY, 2023(%)