What is the global market size of Eyewear Market?

Eyewear Market size was valued at USD 157.9 billion in 2021 and is poised to grow from USD 170.8 billion in 2022 to USD 357.1 billion by 2030, growing at a CAGR of 8.4% in the forecast period (2023-2030).

Who are the key vendors in the Global Eyewear Market?

The eyewear market is relatively fragmented, with a high level of competition. Few large players, like Charmant Inc., Carl Zeiss AG., and Bausch & Lomb Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Luxottica Group S.p.A.', 'Essilor International', 'Johnson & Johnson Vision Inc.', 'Safilo Group S.p.A.', 'Bausch & Lomb Incorporated', 'Carl Zeiss AG', 'CooperVision', 'Marchon Eyewear, Inc.', 'Fielmann AG', 'GrandVision', 'Charmant Group', 'Marcolin S.p.A.', 'De Rigo Vision S.p.A.', 'Silhouette International Schmied AG', 'Rodenstock GmbH', 'HOYA Corporation', 'Seiko Optical Products Co., Ltd.', 'Alcon Vision LLC', 'Shamir Optical Industry Ltd.', 'Optic 2000'

What is the key driver of Global Eyewear Market?

With more people becoming aware of the risks of prolonged exposure to UVA and UVB rays, the sunglasses segment of the eyewear market is expected to expand at a faster rate during the projection period. Manufacturers' diverse product offerings are increasing global demand for eyewear products. Also, people are turning more towards prescription sunglasses as a means of both correcting their vision and shielding their eyes from harmful UV radiation are some of the major factors propelling the eyewear market growth during the analysis period.

What is the key market trend for Global Eyewear Market?

Fashion has a significant impact on the prevalent trends in this profession. With the evolution of 3D printing, it is now possible to produce eyeglasses in a matter of hours rather than days. As the popularity of social media sites such as Instagram and TikTok continues to rise, rapid style changes in accessories such as sunglasses have garnered considerable attention. It is no secret that businesses want to increase their global reach, hence they are collaborating with social media influencers. In addition, prominent players in the eyeglasses market are focusing on mergers and acquisitions to increase their products' global availability. These are some of the major trends propelling the eyewear market growth during the analysis period.

Which region accounted for the largest share in Eyewear Market?

North America accounted for more than 25% of the worldwide eyewear market's revenue in 2021 and is anticipated to dominate the market during the analysis period due to the region's growing demand for eye ware products, which will propel the market during the forecast period.

Eyewear Market Size, Share, Growth Analysis, By Products(Contact Lenses, Spectacles, Sunglasses), By Distribution Channel(Retail Stores, Online Stores, Ophthalmic Clinics), By Region - Industry Forecast 2025-2032

Report ID: SQSG35B2025 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 63 | Figures: 75

Eyewear Market Insights

Eyewear Market size was valued at USD 218.02 Billion in 2023 and is poised to grow from USD 236.33 Billion in 2024 to USD 450.58 Billion by 2032, growing at a CAGR of 8.40% during the forecast period (2025-2032).

The global eyewear market is driven by the growing demand for corrective lenses and prescriptions especially among the elderly population. According to, the National Health and Aging Survey study in the United States in 2021 that 27.8% of United States adults over the age of 71 have low vision increased. Also, increasing consumer awareness towards eye care drives the eyewear market immensely along with rising disposable income and demand for fashion trends among the youth is another key factor as it increases eyeglasses and sunglasses over the forecast period.

Over the last few years, the market has witnessed a high conversion rate based on factors such as increased interest among consumers to opt for performance-related sunglasses due to the adoption of sunglasses for outdoor activities. For example, according to the Outdoor Foundation, there were more than 64 million people in the U.S. engaged in outdoor activities in 2021, with walking and E-retailing being the most popular and online advertising is gaining prominence in the market. Key operators offer online marketing and promotions using the systems. Online marketing and promotions facilitate customer access and help retailers reduce operating costs. This feature is expected to increase the sales of eyeglasses through online platforms in the coming years.

US Eyewear Market is poised to grow at a sustainable CAGR for the next forecast year.

Eyewear Market Report Snapshots

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FAQs

The eyewear market is highly competitive and fragmented, with a mix of large multinational companies, regional players and niche brands. Leading players in the market are constantly innovating and expanding their product range to stay ahead of the fashion and technology trends. It is particularly common among leading companies offering prescription glasses, contact lenses, sunglasses and smart glasses, with a focus on sustainable and customized solutions on a larger scale to meet the needs of different customers. For example, in November 2022, Alcon announced the completion of its purchase of Aerie Pharmaceuticals, a clinical pharmaceutical company dedicated to the research, development and commercialization of treatments for glaucoma and other eye diseases. This deal of expanded commercial product range, research strengthens Alcon's position as a key player in the ophthalmic pharmaceutical industry due to its growth and strategy. 'Luxottica Group S.p.A.', 'Essilor International', 'Johnson & Johnson Vision Inc.', 'Safilo Group S.p.A.', 'Bausch & Lomb Incorporated', 'Carl Zeiss AG', 'CooperVision', 'Marchon Eyewear, Inc.', 'Fielmann AG', 'GrandVision', 'Charmant Group', 'Marcolin S.p.A.', 'De Rigo Vision S.p.A.', 'Silhouette International Schmied AG', 'Rodenstock GmbH', 'HOYA Corporation', 'Seiko Optical Products Co., Ltd.', 'Alcon Vision LLC', 'Shamir Optical Industry Ltd.', 'Optic 2000'

Increased awareness about the importance of eye health is a key driver for the eyewear market apart from people who realize the effects of long-term exposure to screens on the eyes. UV rays and aging of the eyes, which leads to the demand for corrective lenses such as glasses and contact lenses, order various initiatives being taken by government and healthcare organizations towards increasing eye care awareness helps to expand the opportunities of the market.

Sustainability and Eco-friendly Lenses: The increasing global focus on sustainability is driving the adoption of eco-friendly products in optics. To meet growing consumer demand for environmentally friendly products, manufacturing companies are turning to recycled plastics, biodegradable materials and sustainable manufacturing. This attribute not only enhances the brand image but also attracts environmentally conscious consumers.

North America plays a dominant role in the global eyewear market, driven by several factors. The region has a high prevalence of vision loss, mainly due to an aging population and increased use of digital devices, leading to increased cases of vision issues. The market is also characterized by early adoption of new glass technologies, including smart glasses and augmented reality (AR) devices. North America manufacturers are leading the way in trend and functionality will integrate and ensuring that the lenses are not only a discipline but also a matter of style. In addition, the company’s focus on sustainability is encouraging companies to invest in environmentally friendly products and processes to keep up with growing consumer demands. Overall, North America’s very popular market, high leverage and technological leadership ensure its continued popularity in the global eyewear market.

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Eyewear Market Size, Share, Growth Analysis, By Products(Contact Lenses, Spectacles, Sunglasses), By Distribution Channel(Retail Stores, Online Stores, Ophthalmic Clinics), By Region - Industry Forecast 2025-2032

Eyewear Market Insights

Eyewear Market Report Snapshots

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FAQs

What is the global market size of Eyewear Market?

Who are the key vendors in the Eyewear Market?

What is the key driver of Eyewear Market?

What is the key market trend for Eyewear Market?

Which region accounted for the largest share in Eyewear Market?

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