Eyewear Market Size Global Industry Sales, Growth and Trends 2024

The global eyewear market size is expected to expand and reach a value of USD 185 billion by 2024 at a CAGR of 5.5% during the forecast period. Market players are expected to witness lucrative growth opportunities in the Global Eyewear Market during the forecast period owing to the increasing consumer preference for new varieties of eyewear products, leading to a focus on research and development.
The global Eyewear Market Size report has segregated the market, based on region, into North America, Europe, Asia-Pacific, and the rest of the world.
Industry Segments
The global eyewear market segmentation is based on type and distribution channel.
On the basis of product type, the global eyewear market has been segmented into spectacles, sunglasses, contact lenses, and others. The spectacles segment is expected to be the largest while the sunglasses segment is projected to register the highest CAGR during the review period.
By distribution channel, the global eyewear market has been segmented into store-based and non-store-based. The store-based segment is projected to account for the larger market share due to the widespread availability of eyewear in supermarkets and hypermarkets.
Key Players
Some of the key players, as per the global eyewear market report, are
  • Safilo Group S.p.A. (Italy)
  • Bausch Health Companies Inc. (Canada)
  • Luxottica Group S.p.A. (Italy)
  • The Cooper Companies Inc. (US)
  • Carl Zeiss AG (Germany)
  • Johnson & Johnson Vision Care Inc. (US)
  • Fielmann AG (Germany)
  • GrandVision (Netherlands)
  • Alcon Vision LLC (US)
  • De Rigo Vision S.p.A. (Italy)
  • Essilor International (France)
  • Marchon Eyewear Inc. (US)
  • Rodenstock GmbH (Germany)
  • Marcolin SpA (Italy)
  • Charmant Inc. (US)
Regional Insights
The European market is expected to account for the lion’s share of the global eyewear market during the forecast period due to changing fashion trends. Primarily, the younger population in countries such as Italy, France, the UK, and Germany prefer to experiment with different styles of eyewear in an effort to accentuate their overall appearance. This, in turn, is expected to boost the global eyewear market growth during the forecast period.

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