Global Eyewear Market Report 2023: Sector to Reach $217.46 Billion During 2030 at a 7.5% CAGR - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Eyewear Market Size, Trends, and Growth Opportunity, by Product, Gender, Distribution Channel by Region and Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

Global Eyewear Market was valued at USD 121.58 Billion in 2022 and is slated to reach USD 217.46 Billion by 2030 at a CAGR of 7.53 % from 2023-2030.

Market Drivers

The increase in the number of people entering the global workforce and the expectation that a large portion of them will engage in sports and fitness as recreational activities are changing people's lifestyle preferences. The popularity of endurance sports has also opened the door for fans who desire a variety of sports accessories, which has helped to increase demand for sports sunglasses around the world. In recent years, the number of people participating in outdoor activities has increased.

Examples include the first open water 10K race in the UK, the Tour de France, heliskiing across Canada, and Ironman 70.3 Pays d'Aix. Additionally, by focusing specifically on fans of winter and skiing activities, companies like Mr. Leight, Prada Linea Rossa, Persol, and Cartier are offering consumers the newest styles in the sports sunglasses industry.

From roughly 790 per 100,000 individuals in 2018 to an expected 1250 per 100,000 people in 2019, the prevalence of cataract-related eyesight rose by about 55% globally.

After cataract surgery, eyewear is required. Even though many people see an improvement in their vision, others may still require some sort of eyewear. People are uncomfortable in some way even before having cataract surgery. Eyewear is used following cataract surgery due to pain. This aspect is therefore anticipated to accelerate market growth during the anticipated timeframe.

Market Restraints

Uneven distribution of medical services, an increase in the use of surgeries to treat vision disorders, a lack of adequate infrastructure, and a lack of awareness in developing nations are some of the major factors that are predicted to restrain the market growth. In addition, the availability of choices like Lasik eye surgery, rising stent-related problems, and a lack of adequate infrastructure in low- and middle-income countries are predicted to provide challenges to market expansion over the projected period of 2023-2030.

Regional Analysis

Global Eyewear Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Due to its growing population and customers' rising acceptance of trendy products, Asia-Pacific currently holds a disproportionately large market share and revenue share in the eyeglass industry. Increased consumer desire for natural pillow fillings and rising personal disposable income will further contribute to the market's expansion.

Due to the increasing demand for eyeglasses, including colored contact lenses, sunglasses, and frames as fashion accessories in this area, Europe is anticipated to see the quickest growth during the projected period of 2023-2030.

By Product

• Spectacles
• Sunglasses
• Contact Lenses
• Other Product Types

By Gender

• Men
• Women
• Unisex

By Distribution Channel

• Optical Stores
• Independent Brand Showrooms
• Online Stores
• Retail Stores

By Region

• North America Latin America

Europe

• Asia Pacific
• Middle East & Africa.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Global Eyewear Market Outlook

5 Global Eyewear Market, By Product

6 Global Eyewear Market, By Gender

7 Global Eyewear Market, By Distribution Channel

8 Global Eyewear Market, By Region

9 North America Eyewear Market Analysis and Forecast (2023-2030)

Companies Mentioned

• Estee Lauder Inc (U.S.)
• THE AVON COMPANY (U.K.)
• De Rigo Vision S.p.A. (Italy)
• Essilor (France)
• Fielmann (Germany)
• HOYA Corporation (Japan)
• Shanghai Conant Optics Co. Ltd (China)
• Pivothead (U.S.)
• Specsavers (Guernsey)
• FASTRACK LTD. (India).

For more information about this report visit https://www.researchandmarkets.com/r/98qji4

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.