Eyewear Market: You all need to know eyewear fashion in 2021

Eyewear is composed of different accessories and items worn either above or below the eyes, intended primarily for ornamentation or fashion, protection from the environment, and just to enhance or improve visual acuity. It may be in the form of caps, bands, or any other headgear. They are available in a wide variety of colors and styles, with a wide range of materials. For example, you will find that if you want to look cool and fashionable at a night club or in a trendy urban fashion boutique, then the most suitable eyewear for you are those with funky, unique, and eye-catching designs.

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The global eyewear market is projected to reach around US$ 461.6 billion by the end of 2027, in terms of revenue, growing at CAGR of 6.0% during the forecast period (2019-2027).

Drivers

Rising premiumization along with the affordable luxury eyewear products is anticipated to augment the market growth of eyewear. Improving standard of living of people encourage them to purchase sunglasses, lenses, frames that match ongoing fashion trends is also expected to accelerate the market growth of eyewear. Moreover, expanding market of eyewear to the developing economies coupled with increased penetration of premium range products is further anticipated to augment market growth.

Market Trends

The increasing launch of UV protected sunglasses by the manufacturer is estimated to accelerate the market growth of eyewear over the forecast period. For instance, in May 2018, Zeiss has launched its 'UVProtect Technology,' which provides full UV protection in all clear Zeiss lenses. This lens provides protection up to 380 nanometres (nm), but 40% of UV radiation in daylight occurs between 380–400nm. Therefore, the launch of such innovation in the eyewear product is augmenting the market growth of eyewear.

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Market Taxonomy

By Product Type

Spectacles
Plano Sunglasses
Contact Lenses
Sportswear
Eye Care
By Price Range

Premium
Mid
Low
By Distribution Channel

E-Commerce/Online
Company Outlets/Franchises
Hospitals
Clinics
Multi-brand Stores

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