PUBLISHER: Market Research Future | PRODUCT CODE: 1624246
PUBLISHER: Market Research Future | PRODUCT CODE: 1624246
America & Europe Eyewear Market Research Report Data by Type (Spectacles, Sunglasses, Contact Lenses, and Others), by End User (Men, Women, Unisex, and Kids), by Category (Recreational or Non-Prescribed and Prescribed Eyewear), by Price Range (Classic/Mass and Premium), by Distribution Channel Forecast to 2030
The American and European eyeglasses markets are expected to develop significantly during the review period, with a CAGR of 3.74%. The market was anticipated to be worth USD 84,214.5 million in 2022, rising to USD 112,481.2 million by the end of the forecast period (2023-2030).
The eyeglasses market in America and Europe is expected to develop significantly in the next years. The major factors driving the growth of the eyewear market in the Americas and Europe are shifting consumer preferences toward functional and stylish eyewear because of rising incidences of vision-related diseases, as well as new launches with novel features.
Aside from that, the growing emphasis on expansion methods, as well as rising demand for bespoke and luxury eyeglasses items, promise lucrative opportunities in the approaching years. However, rising competition among competitors, as well as an increasing movement toward corrective eye procedures, are providing significant challenges to the business, aided by rigorous government control.
Marketing Segmentation
The American and European eyewear markets are divided into four types: spectacles, sunglasses, contact lenses, and others. Spectacles are also called glasses or eyeglasses. These are lenses in frames that are worn in front of the eyes to improve vision or correct vision problems such as hyperopia, myopia, and astigmatism.
The America and Europe eyewear market is divided into four segments based on end users: men, women, unisex, and children. The women's category accounted for 39.75% of the market in 2022 and is predicted to grow at a CAGR of 3.23% over the forecast period.
The America & Europe eyeglasses market is divided into two price ranges: classic/mass and premium.
The America & Europe eyewear market is divided into two categories: recreational or non-prescribed eyewear and prescription eyewear.
Based on the distribution channel, the store-based segment accounted for 80.36% of the market in 2022 and is predicted to grow at a CAGR of 3.98% in the future years due to the rising benefits provided by offline distribution channels. For example, a consumer has more options for the same product, which is an added advantage.
EssilorLuxottica, Cooper Comp, Fielman AG, Safio Group, Johnson & Johnson Vision, Zeiss, Marcolin, Bausch Health Companies Inc., OpticLibre, Groupe One, Kering, S.L (CECOP), Natural Optics Group, MIOPTICO Group SL, Innova Vision Inc., Claravision, Sociedad Cooperativa Coptival Zas Vision, COOPESP, Optivisao, Grupo Ergovisao, Institutoptico, Opticas Conselheiros da Visa.