Global Eyewear Market Size, Share, Opportunities, And Trends By Product Type (Spectacles, Sunglasses, Contact Lenses, And Others), By End User (Men, Women, And Unisex), By Distribution Channel (Offline Channel & Online Channel), And By Geography - Forecasts From 2025 To 2030

Global Eyewear Market is projected to grow at a CAGR of 3.90% between 2025 to 2030.

Eyewear Market Trends:

The global eyewear market is expected to increase during the forecast period owing to the surge in demand for prescription spectacles and contact lenses owing to age-related impairments such as presbyopia will drive the global eyewear market. According to WHO, in 2018, around 1.3 billion people were suffering from some form of visual impairment worldwide, of which 188.5 million are prone to distance vision, 217 million have moderate to severe vision impairment, and 826 million people live with near vision impairment.

Furthermore, the market has witnessed a significant shift towards using eyewear as a fashion accessory which is the result of the driven by consumers’ increased consciousness regarding image and style. The global eyewear market is supported by various growth drivers, such as the aging population, urbanization, the rise of middle income, the increasing number of people requiring vision correction, the use of eyewear as a fashion statement, etc. Yet, the market faces certain challenges, such as the sale of illegal decorative lenses, the price difference between branded and non-branded, etc.

Furthermore, the online buying of eyewear products like, spectacles, sunglasses, and contact lenses has been gaining massive traction due to a significant shift of the consumers towards online platforms like e-commerce websites which gives them an increased number of varieties and an expanded product portfolio to opt from. The rising penetration of the internet has been a tailwind to the market as well. This has encouraged the use of smartphones and consequently the use of e-commerce websites to buy products., Moreover, the rise in online channel sales in recent years has also paved the way for online payments making it easier for the end consumer to attain the product which in turn has contributed to the online sales of the eyewear products.

Technological advancements have surged the exposure of the younger generation to smartphones and computers leading to eyesight problems such as hyperopia, myopia, and astigmatism, thereby fuelling the demand for prescription glasses and contact lenses. Manufacturers are expected to invest in new product development with reduced glare and improved UV protection. Increasing prevalence of Computer Vision Syndrome (CVS) or digital eye strain with continuously working on a computer system supporting eyewear demand.

The advent of COVID-19 had a diverse impact on the global eyewear market. The immense downturn in several industrial sectors has been a significant reason for the decline in the demand for eyewear at a global level. The global eyewear market witnessed a decline owing to the lockdowns that were imposed in several countries across the globe which resulted in severe disruptions in the supply chain making it difficult for the products to reach the end consumer. The allowance from the government was to only the movement of goods that are necessary, the demand for spectacles took a lighter hit during the period as they are prescribed by the doctors and thus fell into a necessity good. The disruptions lasted for several months initially after which the market showed recovery signs in the second half wherein the movement and the operations in several other industries were allowed.

Additionally, countrywide lockdowns and the implementation of Work From Home (WFH) models by several companies resulted in people spending more time on their laptops, desktops, and mobile phones for work and entertainment purposes. The longer screen times and the resulting rise in eye fatigue have facilitated the need to use vision correction and anti-fatigue glasses. With the help of virtual events, companies in the eyewear market are gaining ideas of buoyancy to continue business in a slow-growing market. Even though the growth of the market will be slow in the coming period after the pandemic, it is expected to regain pace with the upcoming advanced products in the coming years. The gradual growth in the market of Eyewear is expected to start during the initial quarters of 2021.

The segmentation of the global Eyewear market has been done into product type, end-user, distribution channel, and geography. By product type, the classification of the market has been done into Spectacles, Sunglasses, Contact Lenses, and Others. By end-user, the classification of the market has been done into Men, Women, and Unisex. By distribution channel, the classification of the market has been done into Offline Channel & Online Channel. Furthermore, on the basis of geography, the global market has been distributed as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Eyewear Market Growth Drivers:

• Increasing penetration of the internet and rising use of social media platforms are expected to be a tailwind to the market during the forecast period

The growth of the eyewear market is fuelled by rising economic development supported by a rise in per capita income that has surged consumer spending on fashion products. However, increasing adoption of eye corrective surgeries such as LASIK, RLE, PRK, LASEK, epi-LASIK, and PRELEX owing to developments in medical technologies can hamper product demand. Also, significant pricing differences between branded and unbranded eyewear in price-sensitive countries have shifted the preference toward low-cost products, particularly among the middle-class population. 

Eyewear Market Competitive Insights:

The players in the global eyewear market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the market.

Eyewear Market Segmentation:

• By Product Type
  • Spectacles
  • Sunglasses
  • Contact Lenses
  • Others
• By end-user
  • Men
  • Women
  • Unisex  
• By Distribution channel
  • Offline Channel
  • Online Channel  
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Others
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Others

1.Introduction

1.1.Market Definition

1.2.Market Segmentation

 

2.Research Methodology

2.1.Research Data

2.2.Assumptions

 

3.Executive Summary

3.1.Research Highlights

 

4.Market Dynamics

4.1.Market Drivers

4.2.Market Restraints

4.3.Porters Five Forces Analysis

4.3.1.Bargaining Power of End-Users

4.3.2.Bargaining Power of Buyers

4.3.3.Threat of New Entrants

4.3.4.Threat of Substitutes

4.3.5.Competitive Rivalry in the Industry

4.4.Industry Value Chain Analysis

 

5.Eyewear Market Analysis, by Product type

5.1.Introduction

5.2.Spectacles

5.3.Sunglasses

5.4.Contact Lenses

5.5.Others 

 

6.Eyewear Market Analysis, by End-user

6.1.Introduction

6.2.Men

6.3.Women

6.4.Unisex  

 

7.Eyewear Market Analysis, by Distribution channel

7.1.Introduction

7.2.Offline Channel

7.3.Online Channel  

 

8.Eyewear Market Analysis, by Geography

8.1.Introduction

8.2.North America

8.2.1.North America Eyewear Market, By Product Type, 2021 to 2026

8.2.2.North America Eyewear Market, By End-user, 2021 to 2026

8.2.3.North America Eyewear Market, By Distribution channel, 2021 to 2026

8.2.4.By Country

8.2.4.1.USA

8.2.4.2.Canada

8.2.4.3.Mexico

8.3.South America

8.3.1.South America Eyewear Market, By Product Type, 2021 to 2026

8.3.2.South America Eyewear Market, By End-user, 2021 to 2026

8.3.3.South America Eyewear Market, By Distribution channel, 2021 to 2026

8.3.4.By Country

8.3.4.1.Brazil

8.3.4.2.Argentina

8.3.4.3.Others

8.4.Europe

8.4.1.Europe Eyewear Market, By Product Type, 2021 to 2026

8.4.2.Europe Eyewear Market, By End-user, 2021 to 2026

8.4.3.Europe Eyewear market, By Distribution channel, 2021 to 2026

8.4.4.By Country

8.4.4.1.1.Germany

8.4.4.1.2.France

8.4.4.1.3.UK

8.4.4.1.4.Others

8.5.Middle East and Africa

8.5.1.Middle East and Africa Eyewear Market, By Product Type, 2021 to 2026

8.5.2.Middle East and Africa Eyewear Market, By End-user, 2021 to 2026

8.5.3.Middle East and Africa Eyewear market, By Distribution channel, 2021 to 2026

8.5.4.By Country

8.5.4.1.Saudi Arabia

8.5.4.2.UAE

8.5.4.3.Others

8.6.Asia Pacific

8.6.1.Asia Pacific Eyewear Market, By Product Type, 2021 to 2026

8.6.2.Asia Pacific Eyewear Market, By End-user, 2021 to 2026

8.6.3.Asia Pacific Eyewear market, By Distribution channel, 2021 to 2026

8.6.4.By Country

8.6.4.1.China

8.6.4.2.India

8.6.4.3.Japan

8.6.4.4.South Korea

8.6.4.5.Others

 

9.Competitive Environment and Analysis

9.1.Major Players and Strategy Analysis

9.2.Emerging Players and Market Lucrativeness

9.3.Mergers, Acquisitions, Agreements, and Collaborations

9.4.Vendor Competitiveness Matrix

 

10.Company Profiles

10.1.Fielmann AG

10.2.Safilo Group SpA

10.3.Luxottica Group SpA

10.4.Essilor International S.A.

10.5.The Cooper Companies Inc.

10.6.De Rigo Vision S.p.A.

10.7.Carl Zeiss AG

10.8.Charmant Group

10.9.Bausch & Lomb Inc

Fielmann AG

Safilo Group SpA

Luxottica Group SpA

Essilor International S.A.

The Cooper Companies Inc.

De Rigo Vision S.p.A.

Carl Zeiss AG

Charmant Group

Bausch & Lomb Inc.