Eyewear Market Size, Share, Forecast, & Trends Analysis by Type (Contact Lenses [Soft, Rigid, Disposable], Sunglasses, Spectacles [Polarized, Multifocal, Sports]), Coating (Tinted, UV, Anti-reflective) Frame (Rimmed, Frameless)

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List of Tables

Eyewear Market Size, Share, Forecast, & Trends Analysis by Type (Contact Lenses [Soft, Rigid, Disposable], Sunglasses, Spectacles [Polarized, Multifocal, Sports]), Coating (Tinted, UV, Anti-reflective), Frame (Rimmed, Frameless)-Global Forecast to 2031

The eyewear market is projected to reach $215.5 billion by 2031 at a CAGR of 4.2% from 2024 to 2031.

After extensive secondary and primary research and an in-depth analysis of the market scenario, the report provides an analysis of key industry drivers, restraints, opportunities, and challenges. The growth of the eyewear market is driven by the increasing prevalence of eye disorders and visual impairment, the increase in screen time, increasing awareness about eye safety and protection, the rising preference for trendy eyewear, the emergence of prescription eyewear, the influence of social media on fashion choices, the growth in e-commerce, and the availability of health insurance coverage for eye care services. However, the increasing adoption of vision correction methods such as laser eye surgery and the high prices of premium eyewear restrain the growth of this market.

Furthermore, innovations in eyewear materials, coatings, and lens designs are expected to generate growth opportunities for the stakeholders in this market. However, concerns related to the disposal of old eyewear and rapidly changing fashion trends are major challenges in the eyewear market. Additionally, 3D-printed eyewear, frames with fitness trackers, open-ear speakers, Bluetooth, and customized eyeglasses are prominent trends in the eyewear market.

The report offers a competitive landscape based on an extensive assessment of the leading players' product portfolios, geographic presence, and key strategies adopted over the last four years (2020-2024). The key players operating in the eyewear market are Safilo Group SpA (Italy), EssilorLuxottica SA (France), Fielmann Group AG (Germany), Johnson & Johnson Vision Care, Inc. (U.S.), Carl Zeiss AG (Germany), De Rigo Vision SpA (Italy), Hoya Corporation (Japan), Marchon Eyewear, Inc. (U.S.), Alcon Inc. (Switzerland), Appier Inc. (Tokyo), The Cooper Companies, Inc. (U.S.), and Warby Parker Inc. (U.S.).

Among all the types studied in this report, in 2024, the spectacles segment is expected to account for the largest share of the eyewear market. The spectacles segment is further categorized based on type, glass lenses, and frame. The segment's large share is attributed to the increasing cases of vision disorders, growth in the aging population, increasing screen time, and increasing consumer preference for high-quality eyewear lenses. For instance, according to the Statistics Netherlands (CBS) report of September 2023, in 2022, approximately 62% of the Dutch population aged four years and over wore glasses occasionally.

Among all the coatings studied in this report, in 2024, the anti-reflective coating segment is expected to account for the largest share of the eyewear market. The segment's large share is attributed to the advantages of anti-reflective coatings, such as increased vision clarity, reduced blue light exposure, eye protection from UV rays, and reduction in bothersome reflections, glare, and halos. Anti-reflective coatings protect glasses against scratches and smudges, resulting in longer-lasting lenses. They also prevent oil, water, and dirt from sticking to lenses, making them easier to clean. This additional lens protection helps extend the life of lenses. These benefits support the adoption of eyewear with anti-reflective coatings.

Based on material, the eyewear market is segmented into plastic, metal, glass, silicon hydrogel, and other materials. In 2024, the plastic segment is expected to account for the largest share of 48.5% of the eyewear market. The segment's large share is attributed to the availability of durable & stylish plastic frames and the extensive range of plastic frames offered by eyewear brands. Also, the availability of advanced unbreakable plastic frames is driving the growth of this segment.

Among all the applications studied in this report, in 2024, the vision correction segment is expected to account for the largest share of the eyewear market. The segment's large share is attributed to increasing screen time among all age groups, increasing cases of myopia, and the use of vision correction for better vision clarity. According to the American Academy of Ophthalmology (U.S.), approximately 1.5 million individuals in the U.S. have late age-related macular degeneration. Furthermore, an estimated 18.3 million Americans have early age-related macular degeneration. Thus, the high prevalence of vision disorders is expected to drive the growth of this segment.

Among all the distribution channels studied in this report, in 2024, the retail segment is expected to account for the larger share of the eyewear market. The segment's large share is attributed to the availability of several brands and eyewear varieties in retail stores, the increasing access to retail stores, the availability of discounts and eyewear repair at retail stores, and the proliferation of eyewear retail stores. For instance, according to the Economic Times 2023, Dealskart Online Services (Lenskart) (India), a retail eyewear provider, plans to open 300-400 stores in Southeast Asia over the next two years.

An in-depth analysis of the geographical scenario in the eyewear market provides detailed qualitative and quantitative insights into five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. The eyewear market in Asia-Pacific is slated to register the highest growth rate of over 4.5% during the forecast period. The countries in Asia-Pacific, including China and India, are projected to offer significant growth opportunities for the vendors in this market. APAC's high growth is attributed to the increasing number of retail eyewear stores, increasing out-of-pocket expenditure on eyewear, and consumers' increasing adoption of multiple eyewear products in the region. The expanding chains of eyewear brands in Asia-Pacific also support market growth. For instance, in 2023, Lenskart (India) opened approximately 2,000 retail outlets in India and other countries.

Scope of the Report:

Eyewear Market Assessment-by Type

Contact Lenses
- Soft Contact Lenses
- Rigid Gas Permeable (RGP) Contact Lenses
- Extended Wear Contact Lenses
- Disposable Contact Lenses
Spectacles
- By Type
Prescription Spectacles
Non-prescription Spectacles
- By Glass Lens Type
Polarized Lenses
Multifocal Lenses
- Single-vision Lenses
- Bifocal Lenses
- Trifocal Lenses
- Progressive Lenses
High-index Lenses
Photochromatic Lenses
Sports Lenses
Digital Lenses
- By Frame Type
Full-rimmed Frames
Rimless Frames
Semi-rimless Frames
Low-bridge Frames
Sunglasses
- By Type
Plano
Powered
- By Lens Type
High-index Plastic Lenses
Glass Lenses
Polycarbonate Lenses
Polarized Lenses
Photochromic Lenses
- By Frame Type
Full-rimmed Frames
Rimless Frames
Semi-rimless Frames
Low-bridge Frames

Eyewear Market Assessment-by Coating Type

Anti-reflective Coating
Scratch-resistant Coating
UV-protective Coating
Mirror Coating
Anti-fog Coating
Tinted Lenses
Blue-blocker Lenses

Eyewear Market Assessment-by Material

Plastic
Metal
Glass
Silicon Hydrogel
Other Materials

Eyewear Market Assessment-by Application

Vision Correction
Sports
Gaming
Safety & Occupational
Other Applications

Eyewear Market Assessment-by Age

Adult
Children

Eyewear Market Assessment-by Distribution Channel

Online/E-commerce
Retail

Eyewear Market Assessment-by End User

Male
Female
Unisex

Eyewear Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K
- Italy
- Spain
- Netherlands
- Switzerland
- Sweden
- Belgium
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Indonesia
- South Korea
- Australia
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa

Product Code: MRHC - 1041218

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency & Limitations
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Approach
2.2. Process of Data Collection and Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecasting
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
- 2.3.3. Market Share Analysis
2.4. Assumptions for the Study

3. Executive Summary

4. Market Insights

4.1. Overview
4.2. Drivers
- 4.2.1. Increased Prevalence of Eye-related Disorders and Visual Impairment
- 4.2.2. Increase in the Screen Time
- 4.2.3. Increasing Awareness About Eye Safety and Protection
- 4.2.4. Rising Preference for Trendy Eyewear
- 4.2.5. Emergence of Prescription Eyewear
- 4.2.6. Influence of Social Media on Fashion Choices
- 4.2.7. Growing Adoption of E-commerce
- 4.2.8. Health Insurance Coverage for Eyecare Services
4.3. Restraints
- 4.3.1. Increasing Adoption of Vision Correction Methods
- 4.3.2. High Cost Associated with Premium Eyewear Products
4.4. Opportunities
- 4.4.1. Innovations in Eyewear Material, Coating and Lens Designs
4.5. Challenges
- 4.5.1. Concerns Related to Disposal of Old Eyewear
- 4.5.2. Rapidly Changing Fashion Trends
4.6. 3D Printed Eyewear
- 4.6.1. Frames with Fitness Tracker, Open Ear Speakers, and Bluetooth
- 4.6.2. Customized Eyeglasses
4.7. Factor Analysis
4.8. Trends
4.9. Regulatory Analysis
4.10. Pricing Analysis
4.11. Porter's Five Force Analysis

5. Eyewear Market Assessment-by Type

5.1. Overview
5.2. Contact lenses
- 5.2.1. Soft Contact lenses
- 5.2.2. Rigid Gas Permeable contact lenses (RGP)
- 5.2.3. Extended Wear Contact Lenses
- 5.2.4. Disposable Contact Lenses
5.3. Spectacles
- 5.3.1. Spectacles, By Type
  - 5.3.1.1. Prescription Spectacles
  - 5.3.1.2. Non-prescription Spectacles
- 5.3.2. Spectacles, By Glass Lenses Type
  - 5.3.2.1. Polarized Lenses
  - 5.3.2.2. Multi-focal Lenses
    - 5.3.2.2.1. Single Vision Lenses
    - 5.3.2.2.2. Bifocal Lenses
    - 5.3.2.2.3. Trifocal Lenses
    - 5.3.2.2.4. Progressive Lenses
  - 5.3.2.3. High-index Lenses
  - 5.3.2.4. Photochromatic Lenses
  - 5.3.2.5. Sports Lenses
  - 5.3.2.6. Digital Lenses
- 5.3.3. Spectacles, By Frame Type
  - 5.3.3.1. Full-rimmed Frames
  - 5.3.3.2. Rimless Frames
  - 5.3.3.3. Semi-rimless Frames
  - 5.3.3.4. Low Bridge Frames
5.4. Sunglasses
- 5.4.1. Sunglasses, By Type
  - 5.4.1.1. Plano
  - 5.4.1.2. Powered
- 5.4.2. Sunglasses, By Lenses Type
  - 5.4.2.1. High Index Plastic Lenses
  - 5.4.2.2. Glass Lenses
  - 5.4.2.3. Polycarbonate Lenses
  - 5.4.2.4. Polarized Lenses
  - 5.4.2.5. Photochromic Lenses
- 5.4.3. Sunglasses, By Frame Type
  - 5.4.3.1. Full-rimmed Frames
  - 5.4.3.2. Rimless Frames
  - 5.4.3.3. Semi-rimless Frames
  - 5.4.3.4. Low Bridge Frames

6. Eyewear Market Assessment-by Coating Type

6.1. Overview
6.2. Anti-reflective Coating
6.3. Scratch Resistant Coating
6.4. UV Protective Coating
6.5. Mirror Coating
6.6. Anti-fog Coating
6.7. Tinted Lenses
6.8. Blue-blocker Lenses

7. Eyewear Market Assessment-by Material

7.1. Overview
7.2. Plastic
7.3. Metal
7.4. Glass
7.5. Silicon Hydrogel
7.6. Other Materials

8. Eyewear Market Assessment-by Application

8.1. Overview
8.2. Vision Correction
8.3. Sports
8.4. Gaming
8.5. Safety and Occupational
8.6. Other Applications

9. Eyewear Market Assessment-by Age

9.1. Overview
9.2. Adult
9.3. Children

10. Eyewear Market Assessment-by Distribution Channel

10.1. Overview
10.2. Online/E-commerce
10.3. Retail

11. Eyewear Market Assessment-by End User

11.1. Overview
11.2. Male
11.3. Female
11.4. Unisex

12. Eyewear Market Assessment-by Geography

12.1. Overview
12.2. North America
- 12.2.1. U.S.
- 12.2.2. Canada
12.3. Europe
- 12.3.1. Germany
- 12.3.2. France
- 12.3.3. U.K.
- 12.3.4. Italy
- 12.3.5. Spain
- 12.3.6. Netherlands
- 12.3.7. Switzerland
- 12.3.8. Sweden
- 12.3.9. Belgium
- 12.3.10. Rest of Europe
12.4. Asia-Pacific
- 12.4.1. Japan
- 12.4.2. China
- 12.4.3. India
- 12.4.4. South Korea
- 12.4.5. Australia
- 12.4.6. Indonesia
- 12.4.7. Rest of Asia-Pacific
12.5. Latin America
- 12.5.1. Brazil
- 12.5.2. Mexico
- 12.5.3. Rest of Latin America
12.6. Middle East & Africa

13. Competition Analysis

13.1. Overview
13.2. Key Growth Strategies
13.3. Competitive Benchmarking
13.4. Competitive Dashboard
- 13.4.1. Industry Leaders
- 13.4.2. Market Differentiators
- 13.4.3. Vanguards
- 13.4.4. Emerging Companies
13.5. Market Share Analysis/Market Ranking, by Key Players (2023)

14. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

14.1. Safilo Group SpA
14.2. EssilorLuxottica SA
14.3. Fielmann Group AG
14.4. Johnson & Johnson Vision Care, Inc.
14.5. Carl Zeiss AG
14.6. De Rigo Vision SpA
14.7. Hoya Corporation
14.8. Marchon Eyewear, Inc.
14.9. Alcon Inc.
14.10. Appier Inc.
14.11. The Cooper Companies, Inc.
14.12. Warby Parker Inc.

(Note: SWOT Analysis of the Top 5 Companies Is Provided)

15. Appendix

15.1. Available Customization
15.2. Related Reports