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Eyewear Market Forecast: Predicted 8.0% CAGR to Elevate Sector to USD 360.30 billion By 2032

Eyewear Market

Eyewear Market

Eyewear Market size was valued at USD 180.24 billion in 2023. The eyewear industry is projected to grow to USD 360.30 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.0% during the forecast period (2024 - 2032).

Eyewear is a term used to describe items that are worn to correct eyesight as well as shield the eyes from dangerous radiation, debris, light, and sudden changes in the environment. It includes eyewear, sunglasses, contact lenses, and a variety of lenses and frames, most of which are composed of glass, plastic, and carbon fiber. It enhances visual acuity and helps shield the human eye's lens and retina from UV radiation.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐ง ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‹๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐”๐ฉ๐œ๐จ๐ฆ๐ข๐ง๐  ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: https://www.polarismarketresearch.com/industry-analysis/eyewear-market/request-for-sample

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

โ— The number of people suffering from visual issues such as cataracts, glaucoma, and age-related macular degeneration (AMD) has increased significantly as the population has aged and as digital gadgets have been more widely used.
โ— Governments and healthcare organizations around the world are actively promoting eye health initiatives and programs, increasing demand for eye care services and goods.

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

In this extremely competitive industry, major rivals constantly innovate and differentiate their products in an effort to take the lead in the market. Here is the list of the leading companies operating in the eyewear market:

โ€ข Luxottica Group S.p.A
โ€ข Bausch + Lomb Inc.
โ€ข Johnson & Johnson Vision Care
โ€ข Carl Zeiss AG
โ€ข GrandVision
โ€ข Essilor International S.A.
โ€ข Cooper Companies Inc.
โ€ข Fielmann AG
โ€ข Safilo Group S.p.A
โ€ข Prada S.p.A
โ€ข Hoya Corporation
โ€ข De Rigo SpA

๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐“๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ญ: https://www.polarismarketresearch.com/buy/10/2

๐„๐ฒ๐ž๐ฐ๐ž๐š๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข Sunglasses sector is anticipated to experience significant development due to the increasing awareness among individuals about safeguarding their eyes from harmful UV rays. Additionally, the growing consumer interest in premium fashion accessories is expected to further propel the growth of the sunglasses segment.
โ€ข Online stores segment is expected to grow at the fastest rate over the forecasted period.
โ€ข Asia Pacific is expected to grow at fastest growth rate over the forecasted period.

๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

โ€ข Innovations in Smart Eyewear: The development of AR and VR applications, as well as smart glasses for health monitoring and other functionalities, opens new market avenues.
โ€ข Customization and Personalization: Offering customized lenses and frames tailored to individual preferences and needs can attract a broader customer base.
โ€ข Blue Light Protection: With increasing screen time, there is a growing market for eyewear that protects against blue light emitted by digital devices.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/eyewear-market

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The eyewear market is mainly segmented based on product type, distribution channel, and region. Based on the product type, in 2022, the spectacles sector had the most market share. The increasing frequency of vision impairments, combined with an aging population, is likely to boost the spectacles industry in the next years.
Furthermore, the distribution channel research revealed that internet stores are the fastest-growing distribution channel in the eyeglass sector. Online retailers provide consumers with the ease of shopping from home, as well as a diverse selection of products and reasonable pricing.

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Optical Sorter Market: https://www.polarismarketresearch.com/industry-analysis/optical-sorter-market

Non-fungible Tokens Market: https://www.polarismarketresearch.com/industry-analysis/non-fungible-tokens-market

Management Decision Market: https://www.polarismarketresearch.com/industry-analysis/management-decision-market

Bot Security Market: https://www.polarismarketresearch.com/industry-analysis/bot-security-market

Smart Water Management Market: https://www.polarismarketresearch.com/industry-analysis/smart-water-management-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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