Market Overview:

Eyewear is intended to wear over the eyes for protection against environmental factors or for improving vision impairment. Eyeglasses or spectacles, sunglasses, goggles, and contact lenses are common types of eyewear. Eyewear is also used as a fashion statement due to a rising sense of fashion among people and people are adopting trendy and designer sunglasses due to the latest trend emerging in market. Furthermore, safety glasses are used in the construction industry to provide protection to workers against flying debris. Eyewear products are gaining huge demand from the aging population as old aged people are highly prone to a developed wide range of vision-related problems.

The global eyewear market is projected to reach around US$ 461.6 billion by the end of 2027, in terms of revenue, growing at CAGR of 6.0% during the forecast period (2019-2027).

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Market Dynamics

The global eyewear market has witnessed significant growth in recent past year, owing to the rising demand for prescription contact lenses and spectacles among consumers. Based on product type, global eyewear market is segmented in spectacles, Plano sunglasses, contact lenses, sportswear and eye care. Plano sunglasses dominated the global eyewear market in recent past years, owing to the rising trend in fashion accessories among consumers. Moreover, the rising demand for Plano sunglasses eyewear product is expected to boost the global eyewear market growth in forecast period.

Market Taxonomy

Global Eyewear Market, By Product Type:

Spectacles

Plano Sunglasses

Contact Lenses

Sportswear

Eye Care

Global Eyewear Market, By Distribution Channel:

E-Commerce/Online

Company Outlets/Franchises

Hospitals

Clinics

Multi-brand Stores

Key players operating in global eyewear market are Luxottica Group SpA, Essilor International S.A, Carl Zeiss AG, Hoya Corporation (Life Care), Johnson & Johnson Vision Care, Inc., Cooper Companies Inc., Fielmann AG., Safilo Group Spa, Marcolin S.p.A., De Rigo S.p.A.

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