Eyewear Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Eyewear Market size accounted for USD 159.41 Billion in 2023, growing at a CAGR of 8.51% from 2023 to 2033. Eyewear refers to accessories worn over or in front of the eyes for protection, vision correction, or fashion purposes. Common types of eyewear include glasses, sunglasses, and contact lenses. Glasses, also known as spectacles or eyeglasses, consist of lenses mounted in frames that are held in place over the eyes by arms or temple pieces. They are primarily used to correct refractive errors such as nearsightedness, farsightedness, and astigmatism, as to protect the eyes from harmful ultraviolet (UV) radiation or foreign objects. Sunglasses serve a similar protective function but are specifically designed to shield the eyes from bright sunlight and glare. Contact lenses are thin, curved discs placed directly on the cornea to correct vision without the need for glasses. Eyewear plays a significant role in vision correction, eye protection, and fashion, catering to a wide range of preferences and needs.
The Eyewear market is primarily driven by increasing awareness about eye health and vision correction, leading to higher demand for prescription glasses and contact lenses. Additionally, the growing influence of fashion trends and the desire for stylish eyewear options contribute to market growth, with consumers seeking both functional and fashionable eyewear products.

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Key Highlights:
• The global Eyewear Market size was valued at USD 159.41 billion in 2023 growing at a CAGR of 8.51% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Eyewear Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges.

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Key Players
Some of the major Eyewear Market players holding high market shares include GrandVision, Johnson & Johnson, Inc., Valeant Pharmaceuticals International, Inc., Safilo Group S.p.A, and Fielmann AG. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• GrandVision
• Johnson & Johnson, Inc.
• Valeant Pharmaceuticals International, Inc.
• Safilo Group S.p.A
• Fielmann AG
• Luxottica Group S.p.A
• Prada S.p.A
• Cooper Companies, Inc.
• Essilor International S.A.
• Carl Zeiss AG

Segmental Analysis
Market Segment By Type
• Prescription glasses/spectacles
• Sunglasses
• Contact lenses
Market Segment By Mode of Sale
• Retail stores
• Online stores
Market Segment By End User
• Men
• Women

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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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• Market size and data forecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

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