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Global Eyewear Market: By Product: Spectacles, Sunglasses, Contact Lenses; By Gender: Men, Women, Unisex; By Distribution Channel: Optical Stores, Independent Brand Showrooms, Online Stores; Regional Analysis; Historical Market and Forecast (2016-2020); Market Dynamics; Competitive Landscape; Industry Events and Developments;
Global Eyewear Market Outlook
The global eyewear market size was nearly USD 124.7 billion in 2020. The market is further projected to grow at a CAGR of about 3.1% in the forecast period of 2021-2026 to attain a value of over USD 150 billion by 2026.
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The increase in demand for premium and customised eyewear products is expected to drive the market growth over the forecast period. Based on product, spectacles represent the most popular eyewear globally. Region-wise, Europe is the leading eyewear market, occupying a significant share in the industry.
Properties and Applications
The common forms of eyewear include glasses (also called eyeglasses or contacts), sunglasses, and contact lenses. Eyewear may also include further utilitarian forms of eye protection, such as spectacles and goggles. Eyewear items are usually used to correct vision and shield the eyes from unnecessary glare, debris, or harmful radiation. The frames and lenses of these objects are mainly made of plastic and glass.
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Based on product, the eyewear market can be divided into:
- Spectacles
- Sunglasses
- Contact Lenses
Based on gender, the industry can be segmented into:
- Men
- Women
- Unisex
The eyewear market can be broadly categorised based on distribution channel into:
- Optical Stores
- Independent Brand Showrooms
- Online Stores
- Retail Stores
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The increase in the number of visual deficiencies and the increasing awareness of eye exams is expected to stimulate the eyewear market growth. The increase in the number of ophthalmic disorders such as myopia, presbyopia, and hypermetropia among the ageing population is a significant contributor to the eyewear market growth. A significant percentage of the population in developing countries, such as India, Brazil, and Mexico, suffer from visual disabilities that are usually undetected and not corrected. As a result, government and private organizations in these economies are undertaking eye-care awareness campaigns, which are expected to boost the eyewear market growth further.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global eyewear market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Luxottica Group S.p.A.
- Essilor of America, Inc.
- Johnson & Johnson Vision Care, Inc. (Johnson & Johnson Medical GmbH)
- Safilo Group S.p.A
- Alcon Vision LLC
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Eyewear Market Analysis
8.1 Key Industry Highlights
8.2 Global Eyewear Historical Market (2016-2020)
8.3 Global Eyewear Market Forecast (2021-2026)
8.4 Global Eyewear Market by Product
8.4.1 Spectacles
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Sunglasses
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Contact Lenses
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.5 Global Eyewear Market by Gender
8.5.1 Men
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Women
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Unisex
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.6 Global Eyewear Market by Distribution Channel
8.6.1 Optical Stores
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Independent Brand Showrooms
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Online Stores
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.6.4 Retail Stores
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2016-2020)
8.6.4.3 Forecast Trend (2021-2026)
8.7 Global Eyewear Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Luxottica Group S.p.A.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Essilor of America, Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Johnson & Johnson Vision Care, Inc. (Johnson & Johnson Medical GmbH)
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Safilo Group S.p.A
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Alcon Vision LLC
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global Eyewear Market: Key Industry Highlights, 2016 and 2026
2. Global Eyewear Historical Market: Breakup by Product (USD Billion), 2016-2020
3. Global Eyewear Market Forecast: Breakup by Product (USD Billion), 2021-2026
4. Global Eyewear Historical Market: Breakup by Gender (USD Billion), 2016-2020
5. Global Eyewear Market Forecast: Breakup by Gender (USD Billion), 2021-2026
6. Global Eyewear Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
7. Global Eyewear Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
8. Global Eyewear Historical Market: Breakup by Region (USD Billion), 2016-2020
9. Global Eyewear Market Forecast: Breakup by Region (USD Billion), 2021-2026
10. North America Eyewear Historical Market: Breakup by Country (USD Billion), 2016-2020
11. North America Eyewear Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Europe Eyewear Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Europe Eyewear Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Asia Pacific Eyewear Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Asia Pacific Eyewear Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Latin America Eyewear Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Latin America Eyewear Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Middle East and Africa Eyewear Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Middle East and Africa Eyewear Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Global Eyewear Market Structure
Key Questions Answered in the Report
In 2020, the global eyewear market attained a value of nearly USD 124.7 billion.
The market is projected to grow at a CAGR of 3.1% between 2021 and 2026.
The market is estimated to grow in the forecast period of 2021-2026 to attain a value of more than USD 150 billion by 2026.
The major drivers of the industry, such as rising disposable incomes, growing consumer focus on appearance and aesthetics, increasing public awareness regarding eyecare, rising demand from the developing regions, increasing prevalence of visual deficiencies and ophthalmic disorders, and growing technological advancements, are expected to aid the market growth.
The key trends guiding the growth of the eyewear market include the availability of premium and customised eyewear products and the growing purchase from online stores.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Europe accounting for the largest market share.
Spectacles represent the leading product type in the industry.
The significant segments based on gender type include men, women, and unisex eyewears.
The major distribution channels of the product include optical stores, independent brand showrooms, online stores, and retail stores.
The major players in the industry are Luxottica Group S.p.A., Essilor of America, Inc., Johnson & Johnson Vision Care, Inc. (Johnson & Johnson Medical GmbH), Safilo Group S.p.A, and Alcon Vision LLC, among others.
Analyst Review
The global eyewear market attained a value of USD 124.7 billion in 2020, driven by the growing incidences of ophthalmic disorders across the globe and escalating disposable incomes. Aided by the growing trend of product customisation, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 3.1%. The eyewear market is projected to reach over USD 150 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the industry can be segmented into spectacles, sunglasses, and contact lenses, with the spectacles segment accounting for the largest market share. On the basis of gender, the industry is categorised into men, women, and unisex. On the basis of distribution channels, the industry is divided into optical stores, independent brand showrooms, online stores, and retail stores. The major regional markets for eyewear are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Europe accounting for the largest share of the market. The key players in the above market include Luxottica Group S.p.A., Essilor of America, Inc., Johnson & Johnson Vision Care, Inc. (Johnson & Johnson Medical GmbH), Safilo Group S.p.A, and Alcon Vision LLC, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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