Global Eyewear Market 2023 Industry Size, Business Growth, Demand, and Forecast to 2032 | Luxottica Group SpA, Essilor International, Zeiss International, Johnson & Johnson Vision Care Inc., Bausch & Lomb Inc.

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Eyewear market report by The Business Research Company, The increasing cases of deteriorating eye health are driving the growth of the eyewear market. Eye deterioration refers to losing the ability to see clearly or the emergence of some defects in the eyes. The most prevalent causes of eye deterioration include age-related macular degeneration, cataract, diabetic retinopathy, glaucoma, and prolonged screen usage.

The global eyewear market size grew from $129.77 billion in 2022 to $139.88 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The eyewear market size is expected to grow to $188.25 billion in 2027 at a CAGR of 7.7%.

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Major competitors in the Eyewear market include Luxottica Group SpA, Essilor International, Zeiss International, Johnson & Johnson Vision Care Inc., Bausch & Lomb Inc., Marchon Eyewear Inc., Fielmann AG, HOYA Corporation, De Rigo SpA, Alcon Vision LLC, GKB Opticals Limited, Titan Company Limited, Lenskart Solutions Private Limited, Ronak Optik Private Limited, Prada SpA, and Rayban Sun Optics India Private Limited.

The Eyewear Market is segmented -

• By Product: Contact Lenses, Spectacles, Sunglasses
• By Gender: Men, Women, Unisex
• By Distribution Channel: Optical Stores, Independent Brand Showrooms, Online Stores, Retail Stores. North America was the largest region in the eyewear market in 2022

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Eyewear refers to devices and accessories worn on the eyes to protect or improve the vision or eyesight. Eyewear is also used as an accessory for fashion or beautification. Spectacles, sunglasses, goggles, and contact lenses are some of the most commonly used eyewear.

The main products of eyewear include contact lenses, spectacles, and sunglasses. They are widely available in men, women, and unisex variants. These are distributed through optical stores, independent brand showrooms, online stores, and retail stores.

The Table Of Content For The Eyewear Market Include:

1. Executive Summary
2. Eyewear Market Characteristics
3. Eyewear Market Trends And Strategies
4. Eyewear - Macro Economic Scenario
5. Eyewear Market Size And Growth
……
26. Africa Eyewear Market
27. Eyewear Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Eyewear Market
29. Eyewear Market Future Outlook and Potential Analysis
30. Appendix

The "Global Eyewear Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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