Eyewear Market by Lens Material, Type, Gender, Usage, Distribution Channel

List of Tables

[188 Pages Report] The Eyewear Market size was estimated at USD 185.67 billion in 2023 and expected to reach USD 208.36 billion in 2024, at a CAGR 12.51% to reach USD 423.81 billion by 2030.

The eyewear is increasingly used for vision correction, clear eyesight under sunlight, and eye protection for dirt, dust, and grim. The eyewear such as eyeglasses, sunglasses, and contact lenses are primarily chosen for providing reliable protection to eyes and lower risk of eye infection. The rise in the number of ophthalmic disorders is increasing the need for prescription-based eyeglasses. The introduction of low-cost and disposable lenses and the personalization of eyeglasses drive market growth. Various government & private organizations and NGOs are collaborating to offer affordable eyewear to mitigate vision disorders in rural areas of developing countries. However, the growing acceptance of non-invasive and cost-effective refractive surgeries may limit the market growth. The increased sales of illegal novelty contact lenses & unbranded frames are curbing the market demand for eyewear. However, an increase in product sales through online channels and the influence of advanced technology in eyeglasses for multifunctionality are expected to create opportunities in the market to attract a customer base.

KEY MARKET STATISTICS
Base Year [2023]	USD 185.67 billion
Estimated Year [2024]	USD 208.36 billion
Forecast Year [2030]	USD 423.81 billion
CAGR (%)	12.51%

Lens Material: Utilization of plastic lens material owing to lightweight properties

Glass is widely used for lenses due to its excellent visual clarity and scratch resistance. Glass remains preferable for those seeking exceptional optical quality and high-index options. Glass lenses are suited for individuals prioritizing optical precision, overweight concerns, or impact resistance and are also recommended for high-index prescriptions when thinness is of utmost importance. The most common lens material is plastic, with lightweight nature and affordability compared to glass lenses. Plastic lenses offer a comfortable alternative that maintains decent optical quality and are ideal for individuals with mild to moderate prescriptions requiring a cost-effective yet lightweight solution without compromising optical clarity. Polycarbonate lenses gained popularity due to their impact resistance, lightweight properties, and built-in UV protection. These lenses are ideal for children, athletes, and individuals working in hazardous environments. Polycarbonate lenses cater to those requiring impact-resistant eyewear, such as children, sports enthusiasts, people with occupational hazards, or those seeking lightweight lenses with enhanced UV protection.

Type: Significant penetration of contact lenses globally

Contact lenses are popular for individuals who require vision correction and prefer an alternative to spectacles. These thin, curved lenses are placed directly on the eye's surface and provide clear, comfortable vision for users with refractive errors such as myopia, hyperopia, astigmatism, and presbyopia. Need-based preferences include daily disposable lenses for convenience or extended wear lenses suitable for various activities such as sports or outdoor events. Protective eyewear is essential in different industries and activities where individuals may be exposed to hazards such as bright light, UV radiation, projectiles, or chemicals. The primary reason for choosing protective eyewear is its comfortable fit, which allows it to be worn throughout the day. Spectacles, or prescription eyeglasses, are common for vision correction among individuals with various refractive errors and are available in numerous styles, materials, and lens types to meet personal preferences and functional needs. Consumers often seek a balance between comfort, durability, aesthetics, and optimal visual quality. Sunglasses offer protection from UV radiation while enhancing comfort and style for outdoor activities. Polarized lenses that reduce glare for driving or water sports to performance sunglasses designed specifically for cycling or running are preferred by consumers.

Gender: Growing popularity of innovative designs in women's eyewear

Men's eyewear exhibits more angular designs and larger sizes that cater to masculine facial features. Preferences are often driven by style, comfort, durability, and functionality. Fashion trends, comfort, versatility, and personal style drive women's eyewear preferences. Subcategories in this segment include prescription glasses, sunglasses, sports eyewear, and smart glasses featuring designs catered toward feminine facial features and aesthetics. Men's eyewear preferences are primarily driven by functionality and durability, while women prioritize fashion trends and personal style.

Usage: Increasing demand for adult eyewear products

Adult eyewear primarily addresses vision problems such as myopia, hypermetropia, astigmatism, and presbyopia. In addition to vision correction, adults prioritize aesthetics, style, comfort, durability, and UV protection when selecting eyewear. Kid eyewear primarily caters to the visual needs of children aged between 0-16 years old while accommodating their unique growth patterns and facial structures. The adult eyewear segment provides a wide range of options for various vision correction needs while emphasizing aesthetics, style trends, and technological innovations. On the other hand, kid eyewear prioritizes safety, durability, functionality to accommodate growth patterns, and designs that appeal to both children and parents.

Distribution Channel: Emerging popularity of online eyewear stores

Offline stores cater to customers who prioritize personalized service, immediate product availability, and face-to-face interactions with opticians when choosing eyewear. These benefits make offline stores attractive for those who require assistance with fitting or adjustments or have specific vision needs that demand professional guidance. Brick-and-mortar retailers continue serving the local market with comprehensive eyewear options, including prescription glasses, sunglasses, and contact lenses. The surge of e-commerce has significantly impacted the eyewear industry as more consumers adopt online shopping for convenience and access to various products. Online platforms provide cost-effective alternatives to traditional brick-and-mortar stores by offering stylish frames at competitive prices and user-friendly tools for selecting lenses and customizing features. Online stores are popular among tech-savvy customers valuing time efficiency, price comparison, and the ability to shop from the comfort of their homes. Offline stores offer personalized services, immediate product availability, and professional assistance; however, they may have higher costs due to overhead expenses. On the other hand, online stores provide cost-effective alternatives with broader choices and convenience; however, they lack face-to-face interaction with professionals. Both channels serve different customer needs and preferences; choosing between them largely depends on individual priorities such as budget constraints, the need for expert guidance, or a preference for personalized experiences.

Regional Insights

The increasing demand for fashionable, trendy, and stylish eyewear has played an essential role in driving market growth in the Americas region. The growing popularity of sunglasses for aesthetic looks and fashion purposes among the young population is enhancing the demand for eyewear products in the region. Manufacturers focus on research and development to provide technologically advanced and safe eyewear products in Europe. Furthermore, customers from developed countries in the EMEA region are becoming more affluent and increasingly inclined to purchase higher-end, designer eyewear brands, helping the market grow. Increasing population and enhanced consumer awareness about eyecare in countries including China, Japan, and India are boosting the market demand for protective spectacles and sunglasses in the region. Market players in the APAC region focus on providing prescription lenses with advanced features such as anti-reflective coatings and tints that protect against harmful UV rays from the sun.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Eyewear Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Eyewear Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Eyewear Market, highlighting leading vendors and their innovative profiles. These include Alcon Vision LLC, All Logic International Co., Ltd., Bausch + Lomb Corporation, Carl Zeiss AG, Charmant Inc., De Rigo Vision S.p.A., Eschenbach Optik GmbH, ESE International, EssilorLuxottica SA, Europa Eyewear, Eyeking, LLC, Fielmann AG, Hoya Corporation, Italia Independent S.p.A., JINS Eyewear US, Inc., Johnson & Johnson Services, Inc., Kering SA, Lenskart, Marchon Eyewear, Inc., Marcolin S.p.A., Mister Spex SE, Modo Eyewear, Multiopticas, S.C.L., Norville (20/20) Ltd., OGI Eyewear, Safilo Group S.p.A., Silhouette International Schmied AG, Thai Optical Group Pcl, The Cooper Companies, Inc., The McGee Group, and Warby Parker Inc..

Market Segmentation & Coverage

This research report categorizes the Eyewear Market to forecast the revenues and analyze trends in each of the following sub-markets:

Lens Material
- Glass
- Plastic
- Polycarbonate

Type
- Contact Lenses
- Protective Eyewear
- Spectacles
- Sunglasses

Gender
- Men
- Women

Usage
- Adult
- Kid

Distribution Channel
- Offline Stores
- Online Stores

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Eyewear Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Eyewear Market?

3. What are the technology trends and regulatory frameworks in the Eyewear Market?

4. What is the market share of the leading vendors in the Eyewear Market?

5. Which modes and strategic moves are suitable for entering the Eyewear Market?

Product Code: MRR-43676CF42589

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for prescription-based eyeglasses owing to the rise in the number of ophthalmic disorders
  - 5.1.1.2. Development of low cost and disposable lenses coupled with personalization of eyewear products and services
- 5.1.2. Restraints
  - 5.1.2.1. Acceptance of Invasive and Cost-Effective Refractive Surgeries
- 5.1.3. Opportunities
  - 5.1.3.1. Increase in product sales through alternative distribution channels
  - 5.1.3.2. Influence of advanced technology in eyeglass for multifunctionality
- 5.1.4. Challenges
  - 5.1.4.1. Limited online purchasing of eyewear
  - 5.1.4.2. Increased sales of unbranded frames and illegal novelty contact lenses
5.2. Market Segmentation Analysis
- 5.2.1. Lens Material: Utilization of plastic lens material owing to lightweight properties
- 5.2.2. Type: Significant penetration of contact lenses globally
- 5.2.3. Gender: Growing popularity of innovative designs in women's eyewear
- 5.2.4. Usage: Increasing demand for adult eyewear products
- 5.2.5. Distribution Channel: Emerging popularity of online eyewear stores
5.3. Market Trend Analysis
- 5.3.1. Government safety standards and presence of luxurious eyewear brands enhancing the adoption of eyewear in the Americas.
- 5.3.2. Presence of native brands catering to large-scale, innovative clinical prescription eyewear demand in the Asia-Pacific
- 5.3.3. Vogue of Eyewear Fashion and Innovative Advertisement Strategies for Brand Promotion in EMEA
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis

6. Eyewear Market, by Lens Material

6.1. Introduction
6.2. Glass
6.3. Plastic
6.4. Polycarbonate

7. Eyewear Market, by Type

7.1. Introduction
7.2. Contact Lenses
7.3. Protective Eyewear
7.4. Spectacles
7.5. Sunglasses

8. Eyewear Market, by Gender

8.1. Introduction
8.2. Men
8.3. Women

9. Eyewear Market, by Usage

9.1. Introduction
9.2. Adult
9.3. Kid

10. Eyewear Market, by Distribution Channel

10.1. Introduction
10.2. Offline Stores
10.3. Online Stores

11. Americas Eyewear Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Eyewear Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Eyewear Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Optical Retailer Fielmann Group Enters US market, Acquires SVS Vision and Befitting
- 14.3.2. Materialise and Vuzix Announce Collaboration to Bring Smart Eyewear to Customers
- 14.3.3. Abu Dhabi Investment Authority to invest USD 500 Million in India's Lenskart
- 14.3.4. Alcon Introduces a Premium, Reusable Toric Lens with Launch of TOTAL30 for Astigmatism
- 14.3.5. De Rigo To Acquire Rodenstock's Eyewear Division
- 14.3.6. Johnson & Johnson Vision Expands Access to Myopia Management for More Patients with Abiliti Overnight Lenses
- 14.3.7. Lenskart and OWNDAYS Collaborate to Form Asia's Largest Eyewear Business
- 14.3.8. HOYA Vision Care Announces Expansion of PENTAX Optical Lenses to U.S. Retailers
- 14.3.9. Marchon Eyewear And Shinola Sign Exclusive Licensing Agreement For Eyewear
- 14.3.10. FDA Approves Staar Surgical's EVO Visian Implantable Collamer Lenses

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio