The global eyewear market reached a value of US$ 127.8 Billion in 2020. Looking forward, the market is expected to exhibit moderate growth during the forecast period (2021-2026).
Eyewear products are often worn for vision correction or to prevent excessive light, debris, or harmful radiation from entering the eyes. The eyewear frames and lenses are manufactured using plastic and glass. The eyewear market is currently being augmented by the growing incidences of hypermetropia and myopia among the young population. Furthermore, the rising levels of urbanization, coupled with the increasing consumer living standards, have augmented the demand for high-end eyewear products.
Several government and non-government organizations are arranging eye-checkup campaigns for promoting the wide availability of effective eye care treatments. The rising geriatric population, along with the increasing prevalence of eye-related medical ailments, has also augmented the demand for prescription-based eyeglasses. Moreover, the changing fashion trends have led to the launch of improved optical designs, materials, and enhanced coatings. The growing incidences of computer vision syndrome (CVS) caused due to prolonged exposure to smart devices are also catalyzing the demand for eyewear products. Apart from this, the growing adoption of sunglasses, the rising influence of social media trends, and the increasing number of celebrity endorsements promoting the use of eyewear products, are also driving the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Eyewear Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the leading players operating in the market are: Luxottica, Essilor, Johnson & Johnson, Vision Care, Safilo, Alcon
The report has segmented the market on the basis of Product, Gender, Distribution Channel, and Region.
Market Segmentation by Product:
Market Segmentation by Gender:
Market Segmentation Channel:
Independent Brand Showrooms
Middle East and Africa
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