Eyewear Market Upcoming Innovations, Companies and Forecast 2023-2031

The global eyewear market revenue was US$ 120,215 million in 2021. The global eyewear market revenue is forecast to reach US$ 237,051 million by 2030, growing at a compound annual growth rate (CAGR) of 8.4% during the forecast period from 2022-2030.

A pair of eyewear is an accessory worn over the eyes to correct vision or protect them from debris, radiation, or excessive light. Numerous types of eyewear are available, including spectacles, lenses, and sunglasses to correct vision or protect against harmful UV rays and dust. Eyewear today is worn not only for vision improvement but also to improve appearance.

Factors Influencing Market Growth

Growth in visual impairment and eye defect cases, combined with an inclination to the latest fashion trends, drives the global eyewear market.

A person's vision will deteriorate with age due to conditions such as presbyopia and cataracts, resulting in a greater need for eyewear. Thus, increasing longevity and aging populations are the key factors driving the growth of the global eyewear market.Download free sample of this report :-https://www.quadintel.com/request-sample/eyewear-market-1/QI040

Increasing living standards and fashion consciousness will boost the global eyewear market growth.
The government of numerous countries is working with NGOs to offer affordable eye care services to rural populations. Such initiatives would help rural people access quality medical care. Due to these partnerships, the global eyewear market is forecast to have lucrative opportunities to grow.

Impact Analysis of COVID-19

Globally, the COVID-19 had negatively impacted the global eyewear market. The COVID-19 impact was evident at every stage of the industry's value chain, including workforce losses, raw materials supply (lens materials, frame materials, polishing materials), trade and logistics, and uncertain consumer demand.

The outbreak negatively impacts the production, distribution, and inventory rates of eyewear. As a result of retail store closings, e-commerce sales for eyewear products increased. After adjusting to the new reality, several companies began offering remote prescriptions for eyeglasses. The growth of contact lenses and eyeglasses has been crucial to e-commerce despite a decline in the demand for trendy eyewear.

Regional Insights

North America is forecast to hold a significant revenue share during the forecast period. It is due to the growing awareness of eye problems and sight problems among more and more people in America, Mexico, and Canada. As a result, they are becoming more accepting of the concept of using eyewear to solve these problems.

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Leading Competitors

The leading prominent companies profiled in the global eyewear market are:

Charmant Group
Chemiglas Corporation
CooperVision
De Rigo S.p.A
EssilorLuxottica SA
Fielmann Group
Hoya Corporation
Johnson & Johnson Vision
Marchon Eyewear, Inc
Rodenstock GmbH
Shamir Optical Industry Ltd.
Silhouette International Schmied AG
Other Prominent Players

Scope of the Report

The global eyewear market segmentation focuses on Product Type, Material, End-User, Mode of Sale, and Region.

Segmentation based on Product Type

Contact Lenses
Soft
Rigid
Spectacles
Spectacle Lenses
Spectacle Frames
Sunglasses
Polarized
Non-Polarized

Segmentation based on Material

Glass
Plastics
Metal

Segmentation based on End-User

Men
Women

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Segmentation based on Mode of Sale

Retail stores
Online stores

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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