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Spectacles Market

Global Spectacles Market Size, Share, Growth, Demand: By Parts: Lens, Frames; By Distribution Channel: Offline, Online; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; 2024-2032

Global Spectacles Market Outlook

The global spectacles market reached a value of about USD 83.89 billion in 2023. The market is further expected to grow at a CAGR of 7.2% in the forecast period of 2024-2032 to reach a value of approximately USD 156.63 billion by 2032.

 

Global Spectacles Industry Growth

In the forecast period, the frames segment is expected to grow at a significant rate. The segment's growth is expected to be aided by the regular replacement of spectacle frames and the availability of a wide range of options. Furthermore, the rising usage of fibre frames due to their endurance is expected to drive up demand. Additionally, the launch of attractive products, along with the rising consumer awareness about fashion, is expected to propel the spectacles industry forward.

 

Global Spectacles Market

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North America to Account for a Significant Market Share in the Spectacles Industry

North America is expected to witness a significant market share in the forecast period. Higher awareness of ocular illnesses, increased adoption of vision care products, and a desire for luxury eye care products are expected to drive the market expansion in the region. Furthermore, the affordability of premium frames is expected to boost the region's global market worth. Furthermore, the rising trend of wearing glasses and attractive frames is expected to drive the market revenue in the coming years.

 

Spectacles Market Segmentation

Spectacles or eyeglasses are used by people with ocular abnormalities such as myopia, hypermetropia, and astigmatism to correct their vision. Individuals are increasingly wearing spectacles in the contemporary market due to increased knowledge of ocular illnesses and the rising prevalence of vision impairment. Furthermore, the development of high-end spectacles and eyeglasses has led to the acceptance of spectacles as a fashion statement in both developed and developing countries in recent years.

 

Global Spectacles Market

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By parts, the market is divided into:

  • Lens
  • Frames

Based on distribution channel, the industry can be segmented into:

  • Offline
  • Online

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Prevalence of Ocular Disorders likely to Bolster the Growth of the Spectacles Industry

Devices or gadgets, such as computers, laptops, and mobile phones, have become increasingly important in recent years. As a result, the prevalence of eye problems linked to long-term use of the aforementioned technologies has increased. Individuals are preferring spectacles with a reflective coating as a result of increased awareness about the drawbacks of increased screen time. These reflecting coatings shield users' eyes from the blue light emitted by laptop, computer, and smartphone screens. According to a survey, East Asian countries have a much greater frequency of myopia. Thus, the expansion of the spectacles industry is expected to be aided by an increase in refractive errors among the global population. In addition, the prevalence of refractive ocular problems in the elderly population is increasing globally as life expectancy increases. Thus, the world's growing geriatric population is expected to drive the global market in the coming years.

 

Global Spectacles Market

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The rising fashion consciousness among the millennials and the availability of a diverse range of stylish spectacles are the major trends in the spectacles industry. The market is predicted to rise as the demand for plastic frames grows owing to their increased durability and ease of repair.

 

Key Industry Players in the Global Spectacles Market

The report gives a detailed analysis of the following key players in the global spectacles market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • EssilorLuxottica SA
  • Johnson and Johnson
  • Novartis AG
  • Carl Zeiss AG
  • Zenni Optical, Inc
  • Jand, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Parts
  • Distribution Channel
  • Region
Breakup by Parts
  • Lens
  • Frames
Breakup by Distribution Channel
  • Offline
  • Online
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • EssilorLuxottica SA
  • Johnson and Johnson
  • Novartis AG
  • Carl Zeiss AG
  • Zenni Optical, Inc.
  • Jand, Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Spectacles Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Spectacles Historical Market (2018-2023) 
    8.3    Global Spectacles Market Forecast (2024-2032)
    8.4    Global Spectacles Market by Parts
        8.4.1    Lens
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Frames
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Spectacles Market by Distribution Channel
        8.5.1    Offline
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Online
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)    
    8.6    Global Spectacles Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Spectacles 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 Spectacles 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 Spectacles 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 Spectacles 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 Spectacles 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    Value  Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     EssilorLuxottica SA
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Johnson and Johnson
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Novartis AG
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Carl Zeiss AG
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5     Zenni Optical, Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Jand, Inc.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Spectacles Market: Key Industry Highlights, 2018 and 2032
2.    Global Spectacles Historical Market: Breakup by Part (USD Billion), 2018-2023
3.    Global Spectacles Market Forecast: Breakup by Part (USD Billion), 2024-2032
4.    Global Spectacles Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
5.    Global Spectacles Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
6.    Global Spectacles Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Spectacles Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Spectacles Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Spectacles Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Spectacles Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Spectacles Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Spectacles Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Spectacles Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Spectacles Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Spectacles Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Spectacles Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Spectacles Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Spectacles Market Structure

Key Questions Answered in the Report

In 2023, the global spectacles market attained a value of nearly USD 83.89 billion.

The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 156.63 billion by 2032.

The major market drivers include the surging demand for prescription spectacles, the growing prevalence of age-related vision impairment, and the increasing geriatric population.

The key trends guiding the market growth are the growing demand for trendy spectacles and the use of spectacles as a fashion statement by the young population.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The various segments based on parts of spectacles considered in the market report are lens and frames.

The major distribution channels in the spectacle market include offline and online.

The major players in the market are Essilor Luxottica SA, Johnson and Johnson, Novartis AG, Carl Zeiss AG, Zenni Optical, Inc, and Jand, Inc., among others.

Analyst Review

The global spectacles market attained a value of USD 83.89 billion in 2023, driven by the increased demand for prescription spectacles as a result of an increase in the prevalence of age-related vision impairment and the growing geriatric population. Aided by the growing innovations and the increasing demand for trendy spectacles, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7.2%. The market is projected to reach USD 156.63 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on parts, the market has been bifurcated into lens and frames. On the basis of distribution channel, the  industry is divided into offline and online channels. The major regional markets for spectacles are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Essilor Luxottica SA, Johnson and Johnson, Novartis AG, Carl Zeiss AG, Zenni Optical, Inc, and Jand, Inc., 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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