Eyewear Market Size, Growth, Opportunities 2024-2032 | Alcon, EssilorLuxottica, CooperVision, Johnson & Johnson Vision Care, Inc., Bausch & Lomb Incorporated

The global eyewear market size was valued at USD 161.61 billion in 2023. The market is projected to grow from USD 170.98 billion in 2024 to USD 285.20 billion by 2032, exhibiting a CAGR of 6.6% during the forecast period.

The eyewear products, such as sunglasses, spectacles, and contact lenses, offer vision correctness and protection from harmful sun rays. In several developing and developed countries, wearing spectacles is considered to be a fashion statement. The rising prevalence of vision abnormality and increasing incidence of ocular disorders, including astigmatism, myopia, and hypermetropia, will drive market growth during the forecast period.

𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗪𝗵𝗮𝘁 𝗬𝗼𝘂'𝗿𝗲 𝗠𝗶𝘀𝘀𝗶𝗻𝗴: 𝗚𝗲𝘁 𝗮 𝗙𝗿𝗲𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 (𝗣𝗗𝗙) 𝗦𝗮𝗺𝗽𝗹𝗲: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/eyewear-market-101749

𝗞𝗲𝘆 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 :
• October 2023 - Lenskart introduced Blue Billion Collective - a new curative product line. This launch was aimed to celebrate the Cricket World Cup by offering a wide range of products in blue to support team India.

𝗧𝗼𝗽 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 Eyewear 𝗠𝗮𝗿𝗸𝗲𝘁:
• Alcon (Switzerland)
• EssilorLuxottica (France)
• CooperVision (U.S.)
• Johnson & Johnson Vision Care, Inc. (Johnson & Johnson Services, Inc.) (U.S.)
• Bausch & Lomb Incorporated (U.S.)
• ZEISS (Germany)
• Fielmann AG (Germany)
• SAFILO GROUP S.P.A. (Italy)
• LUXOTTICA GROUP (Italy)

𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀 :

𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝗣𝗿𝗲𝘃𝗮𝗹𝗲𝗻𝗰𝗲 𝗼𝗳 𝗠𝘆𝗼𝗽𝗶𝗮 𝗮𝗻𝗱 𝗛𝘆𝗽𝗲𝗿𝗺𝗲𝘁𝗿𝗼𝗽𝗶𝗮 𝘁𝗼 𝗗𝗿𝗶𝘃𝗲 𝗦𝗽𝗲𝗰𝘁𝗮𝗰𝗹𝗲𝘀 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝗚𝗿𝗼𝘄𝘁𝗵
By product type, the market is segmented into spectacles, sunglasses, and contact lenses. The spectacles segment held the largest market share in 2022 and is estimated to maintain its dominance during the forecast period. The growth is attributed to the increasing prevalence of hypermetropia and myopia globally.

𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗔𝗰𝗰𝗲𝘀𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗼𝗳 𝗘𝘆𝗲𝘄𝗲𝗮𝗿 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 𝘁𝗼 𝗕𝗼𝗼𝘀𝘁 𝗥𝗲𝘁𝗮𝗶𝗹 𝗦𝘁𝗼𝗿𝗲 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝗚𝗿𝗼𝘄𝘁𝗵
By distribution channel, the market is divided into retail store, online store, and ophthalmic clinics. The retail store segment held the largest market share in 2022 and is estimated to maintain its dominance during the forecast period. The high accessibility of sunglasses and spectacle products in retail stores of shopping malls and others to drive the segment growth during the projected period.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗼𝘃𝗲𝗿𝗮𝗴𝗲 :
• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• The latest industry developments include product launches, partnerships, mergers, and acquisitions.

𝗙𝗼𝗿 𝗙𝘂𝗹𝗹 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗼𝘃𝗲𝗿𝗮𝗴𝗲 𝗩𝗶𝘀𝗶𝘁 : https://www.fortunebusinessinsights.com/industry-reports/eyewear-market-101749

𝗗𝗿𝗶𝘃𝗲𝗿𝘀 𝗮𝗻𝗱 𝗥𝗲𝘀𝘁𝗿𝗮𝗶𝗻𝘁𝘀 :

𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗔𝘄𝗮𝗿𝗲𝗻𝗲𝘀𝘀 𝗥𝗲𝗴𝗮𝗿𝗱𝗶𝗻𝗴 𝗛𝗮𝗿𝗺𝗳𝘂𝗹 𝗘𝗳𝗳𝗲𝗰𝘁𝘀 𝗼𝗳 𝗨𝗹𝘁𝗿𝗮𝘃𝗶𝗼𝗹𝗲𝘁 𝗥𝗮𝘆𝘀 𝘁𝗼 𝗕𝗼𝗼𝘀𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 𝗚𝗿𝗼𝘄𝘁𝗵
The growing awareness regarding the harmful effects of Ultraviolet A (UVA) and ultraviolet B (UVB) rays on vision is anticipated to propel market growth during the forecast period. The increasing acceptance of sportswear sunglasses in the general population globally is estimated to drive market growth. The large product offering by key market players is boosting the sunglasses demand globally, further driving market growth.
However, the high costs of luxury sunglasses and contact lenses due to expensive import duties hinder market growth during the forecast period.

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 :

𝗥𝗶𝘀𝗶𝗻𝗴 𝗩𝗶𝘀𝗶𝗼𝗻 𝗖𝗮𝗿𝗲 𝗜𝗻𝗰𝗶𝗱𝗲𝗻𝗰𝗲 𝘁𝗼 𝗕𝗼𝗼𝘀𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 𝗚𝗿𝗼𝘄𝘁𝗵 𝗶𝗻 𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮
North America is expected to hold the highest part in the eyewear market share during the forecast period. The growth is attributed to the increasing acceptance of vision care products across the region.
Europe is expected to have the considerable growth rate during the forecast period due to the rising affordability of purchasing expensive sunglasses in European countries, including France, the U.K., Germany, and others.

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 :

𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽𝘀 𝗮𝗻𝗱 𝗖𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝗼𝗻𝘀 𝗕𝗲𝘁𝘄𝗲𝗲𝗻 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀 𝘁𝗼 𝗗𝗿𝗶𝘃𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗚𝗿𝗼𝘄𝘁𝗵
The market comprises key players, such as SAFILO GROUP S.P.A, ZEISS, Essilor, Johnson and Johnson Services, Inc., and Alcon. The increasing adoption of new and advanced technologies by these key players are estimated to drive market growth during the forecast period. The increasing number of new product launches is also expected to drive market growth.

𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲 𝘁𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁 𝗮𝗰𝗰𝗼𝗿𝗱𝗶𝗻𝗴 𝘁𝗼 𝘆𝗼𝘂𝗿 𝗰𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝗰𝗲 : https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/eyewear-market-101749

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This release was published on openPR.