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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 (2015-2019); Market Dynamics; Competitive Landscape; Industry Events and Developments;

Global Eyewear Market Outlook

The global eyewear market size was nearly USD 124.7 billion in 2019. The market is further projected to grow at a CAGR of about 3.1% in the forecast period of 2020-2025 to attain a value of over USD 150 billion by 2025. 

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.

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.

 

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.

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 (2015-2019) 
    8.3    Global Eyewear Market Forecast (2020-2025)
    8.4    Global Eyewear Market by Product
        8.4.1    Spectacles
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Sunglasses
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Contact Lenses
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
    8.5    Global Eyewear Market by Gender
        8.5.1    Men
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Women
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Unisex
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
    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 (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Independent Brand Showrooms
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    Online Stores
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2015-2019)
            8.6.3.3    Forecast Trend (2020-2025)
        8.6.4    Retail Stores
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2015-2019)
            8.6.4.3    Forecast Trend (2020-2025)
    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 (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        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    Value Chain Analysis
12    Manufacturing Process

    12.1    Overview
    12.2    Detailed Process Flow
    12.3    Operations Involved
13    Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Company Profiles
        13.3.1    Luxottica Group S.p.A.
            13.3.1.1    Company Overview
            13.3.1.2    Product Portfolio
            13.3.1.3    Demographic Reach and Achievements
            13.3.1.4    Certifications
        13.3.2    Essilor of America, Inc.
            13.3.2.1    Company Overview
            13.3.2.2    Product Portfolio
            13.3.2.3    Demographic Reach and Achievements
            13.3.2.4    Certifications
        13.3.3    Johnson & Johnson Vision Care, Inc. (Johnson & Johnson Medical GmbH)
            13.3.3.1    Company Overview
            13.3.3.2    Product Portfolio
            13.3.3.3    Demographic Reach and Achievements
            13.3.3.4    Certifications
        13.3.4    Safilo Group S.p.A
            13.3.4.1    Company Overview
            13.3.4.2    Product Portfolio
            13.3.4.3    Demographic Reach and Achievements
            13.3.4.4    Certifications
        13.3.5    Alcon Vision LLC
            13.3.5.1    Company Overview
            13.3.5.2    Product Portfolio
            13.3.5.3    Demographic Reach and Achievements
            13.3.5.4    Certifications
        13.3.6    Others
14    Industry Events and Developments

 

List of Figures and Tables

1.    Global Eyewear Market: Key Industry Highlights, 2015 and 2025
2.    Global Eyewear Historical Market: Breakup by Product (USD Billion), 2015-2019
3.    Global Eyewear Market Forecast: Breakup by Product (USD Billion), 2020-2025
4.    Global Eyewear Historical Market: Breakup by Gender (USD Billion), 2015-2019
5.    Global Eyewear Market Forecast: Breakup by Gender (USD Billion), 2020-2025
6.    Global Eyewear Historical Market: Breakup by Distribution Channel (USD Billion), 2015-2019
7.    Global Eyewear Market Forecast: Breakup by Distribution Channel (USD Billion), 2020-2025
8.    Global Eyewear Historical Market: Breakup by Region (USD Billion), 2015-2019
9.    Global Eyewear Market Forecast: Breakup by Region (USD Billion), 2020-2025
10.    North America Eyewear Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    North America Eyewear Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Europe Eyewear Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Europe Eyewear Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Asia Pacific Eyewear Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Asia Pacific Eyewear Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Latin America Eyewear Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Latin America Eyewear Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Middle East and Africa Eyewear Historical Market: Breakup by Country (USD Billion), 2015-2019
19.    Middle East and Africa Eyewear Market Forecast: Breakup by Country (USD Billion), 2020-2025
20.    Global Eyewear Market Structure

Key Questions Answered in the Report

In 2019, 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 2020 and 2025.

The market is estimated to grow in the forecast period of 2020-2025 to attain a value of more than USD 150 billion by 2025.

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 2019, 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 2020-2025, growing at a CAGR of 3.1%. The eyewear market is projected to reach over USD 150 billion by 2025. 

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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