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Global Eyewear Market Size, Share, Trends, Growth, Report: By Product: Spectacles, Sunglasses, Contact Lenses; By Gender: Men, Women, Unisex; By Distribution Channel: Optical Stores, Independent Brand Showrooms, Online Stores, Retail Stores; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Eyewear Market Trends
One of the prominent trends in the eyewear market is the increasing popularity of photochromic lenses, which adapt to different lighting conditions by darkening in sunlight and becoming clear indoors. Photochromic lenses offer the convenience of not having to switch between regular glasses and sunglasses as they provide a seamless transition when moving between indoor and outdoor environments, making them highly versatile and suitable for various activities throughout the day. These lenses provide automatic protection from ultraviolet (UV) rays when exposed to sunlight. By darkening in response to UV light, they reduce the risk of eye damage and strain caused by exposure to harmful rays, contributing to long-term eye health.
Moreover, consumers are becoming environmentally conscious and are looking for products that have a lower environmental impact, driving eyewear manufacturers to use materials like wood, bamboo, and others.
Responding to the growing trend of online shopping, several retailers are focusing on expanding their online presence and improving digital capabilities by leveraging advanced technologies. In January 2024, Walmart expanded its digital services by implementing a virtual try-on option exclusively for eyewear. This feature enables customers to digitally explore and test a wide array of eyewear styles through an online interface. By leveraging this technology, customers can conveniently preview how different glasses look on them before making a purchase, simulating the experience of trying on glasses in a physical store and boosting the glasses market.
Eyewear Market Report Snapshots
Eyewear Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 Opportunities and Challenges in the Market
8 Global Eyewear Market Analysis
8.1 Key Industry Highlights
8.2 Global Eyewear Historical Market (2018-2023)
8.3 Global Eyewear Market Forecast (2024-2032)
8.4 Global Eyewear Market by Product
8.4.1 Spectacles
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Sunglasses
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Contact Lenses
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Eyewear Market by Gender
8.5.1 Men
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Women
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Unisex
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Eyewear Market by Distribution Channel
8.6.1 Optical Stores
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Independent Brand Showrooms
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Online Stores
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Retail Stores
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.7 Global Eyewear Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Eyewear Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Eyewear Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Eyewear Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Eyewear Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Eyewear Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Luxottica Group S.p.A.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Essilor of America, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Johnson & Johnson Vision Care, Inc. (Johnson & Johnson Medical GmbH)
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Safilo Group S.p.A
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Alcon Vision LLC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Prada S.p.A.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Oakley, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 The Cooper Companies Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Silhouette International Schmied AG
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 LVMH Group
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Eyewear Market: Key Industry Highlights, 2018 and 2032
2. Global Eyewear Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Eyewear Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Eyewear Historical Market: Breakup by Gender (USD Billion), 2018-2023
5. Global Eyewear Market Forecast: Breakup by Gender (USD Billion), 2024-2032
6. Global Eyewear Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Global Eyewear Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Global Eyewear Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Eyewear Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Eyewear Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Eyewear Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Eyewear Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Eyewear Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Eyewear Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Eyewear Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Eyewear Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Eyewear Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Eyewear Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Eyewear Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Eyewear Market Structure
Key Questions Answered in the Report
In 2023, the global eyewear market attained a value of nearly USD 136.66 billion.
The market is projected to grow at a CAGR of 3.10% between 2024 and 2032.
The market is estimated to grow in the forecast period of 2024-2032 to attain a value of more than USD 180.15 billion by 2032.
The major drivers of the market are 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.
The key trends guiding the growth of the eyewear market include the availability of premium and customised eyewear products and the increasing purchases from online stores.
The major regions in the market 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 market.
The significant segments based on gender include men, women, and unisex.
The major distribution channels of the product include optical stores, independent brand showrooms, online stores, and retail stores.
The major players in the market are 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, Prada S.p.A., Oakley, Inc., The Cooper Companies Inc., Silhouette International Schmied AG, and LVMH Group, among others.
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