IMARC Group has recently released a new research study titled “Eyewear Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028”, offers a detailed analysis of the global eyewear market report, market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
Eyewear refers to an accessory worn on the eyes to improve visual acuity and protect against various external factors, such as harmful radiations like ultraviolet A (UVA) and ultraviolet B (UVB). It includes contact lenses, sunglasses, and spectacles and assists in correcting vision problems, such as near-sightedness, farsightedness, and astigmatism. It also aids in filtering high-energy light rays emitted from the display screens of computers, tablets, and smartphones, which cause strain on the eyes.
Eyewear Market Trends and Drivers:
The growing geriatric population and rising prevalence of ocular disorders, such as myopia, hypermetropia, and astigmatism, currently represent one of the primary factors catalyzing the demand for eyewear across the globe. In addition, key market players are incorporating 3D printing technology for manufacturing eyewear in a variety of designs and shapes. The technology also helps in minimizing the wastage of materials while producing glass frames, which is creating a positive market outlook. Apart from this, inflating disposable incomes and the growing trend of wearing spectacles as a fashion statement, along with the increasing customization of eyeglasses, is fueling the market growth. Furthermore, increasing affordability and easy accessibility of eyewear through online and offline distribution channels, coupled with secured payment gateways, is strengthening the market growth.
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Eyewear Market Segmentation:
The report has categorized the market based on product, gender, Distribution Channel and Region.
Breakup by Product:
- Spectacles
- Sunglasses
- Contact Lenses
Breakup by Gender:
- Men
- Women
- Unisex
Breakup by Distribution Channel:
- Optical Stores
- Independent Brand Showrooms
- Online Stores
- Retail Stores
Regional Insights:
- Europe
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Also Read:- Top Eyewear Brands and Companies Worldwide
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players. Some of the Top Eyewear Companies are:-
- Luxottica Group S.p.A.,
- Essilor International SAS,
- Johnson & Johnson Vision Care, Inc.,
- Safilo Group S.p.A. and Alcon Vision LLC.
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Global Eyewear Market Report Coverage Details |
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Report Coverage |
Details |
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Market size value in 2022 |
US$ 149.3 Billion in 2022 |
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Market forecast in 2028 |
US$ 222.1 Billion by 2028 |
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Growth Rate |
CAGR of 6.9% from 2023-2028 |
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Base year for estimation |
2022 |
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Historical data |
2017-2022 |
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Forecast period |
2023-2028 |
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