Eyewear Market Insights 2025-2034: Growth Dynamics, Trends, and Strategic Opportunities
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How has the eyewear market grown in recent years?
The market size for eyewear has experienced swift expansion in the past few years. It is projected to expand from $158.53 billion in 2024 to $175.31 billion in 2025, boasting a compound annual growth rate (CAGR) of 10.6%. The historical growth is due to factors such as evolving fashion and style trends, the escalation in vision problems, heightened awareness for eye protection, star endorsements and influences, along with an aging demographic.
How is the eyewear market size expected to evolve during the forecast period?
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Which key drivers are propelling the eyewear market’s growth?
The growth of the eyewear market is being fueled by the escalating instances of declining eye health. This term refers to the onset of defects in the eyes or a loss in clear vision. The prime culprits for eye health decline are age-related macular degeneration, cataracts, diabetic retinopathy, glaucoma, and extended screen time. With the rise in these eye conditions, demand for eyewear is set to grow as they are useful in addressing eye disorders and aiding in obtaining clear vision. For instance, statistics by the US-based government agency, Centers for Disease Control and Prevention, in May 2024 disclosed that about 3 in 5 Americans above 40 years, roughly translating to 90 million individuals, battle vision and eye challenges. Projections for 2050 indicate a significant rise in vision-related problems in the U.S.; diabetic retinopathy will increase by 72%, cataracts by 87%, and glaucoma and age-related macular degeneration will see a twofold increase. Furthermore, vision impairment and blindness are set to rise by 150%, accompanied by an astronomical 157% increase in vision-related costs, amounting to $373 billion. Hence, the upswing in instances of worsening eye health is anticipated to stimulate the demand for eyewear in the upcoming period.
What are the market segments in the eyewear industry?
The eyewear market covered in this report is segmented –
1) By Product: Contact Lenses, Spectacles, Sunglasses
2) By Gender: Men, Women, Unisex
3) By Distribution Channel: Optical Stores, Independent Brand Showrooms, Online Stores, Retail Stores
Subsegments:
1) By Contact Lenses: Soft Contact Lenses, Rigid Gas Permeable (RGP) Lenses, Colored Contact Lenses
2) By Spectacles: Prescription Glasses, Reading Glasses, Blue Light Blocking Glasses
3) By Sunglasses, Polarized Sunglasses, Fashion Sunglasses, Sports Sunglasses
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Which leading companies are shaping the growth of the eyewear market?
Major companies operating in the eyewear market include Silhouette International Schmied AG, JAND Inc., LVMH Moët Hennessy Louis Vuitton SE, Essilor International S.A., Carl Zeiss AG, Alcon Vision LLC, Hoya Corporation, Johnson & Johnson Vision Care Inc., Specsavers Optical Group Limited, GrandVision BV, Burberry Group plc, Bausch & Lomb Incorporated, The Cooper Companies Inc., Italia Independent Group S.p.A., Fielmann AG, Safilo Group S.p.A., Kering Eyewear, Marchon Eyewear Inc., Rodenstock GmbH, TAG Heuer SA, De Rigo Vision S.p.A., Marcolin S.p.A., Oakley Inc., Maui Jim Inc., Charmant Group Inc., Seiko Optical Products Co. Ltd., Lafont Paris, Luxottica Group S.p.A., Silmo Paris, Luxexcel Group BV
What key trends are currently impacting the eyewear market’s development?
Companies such as Silhouette International Schmied AG, JAND Inc., LVMH Moët Hennessy Louis Vuitton SE, Essilor International S.A., Carl Zeiss AG, Alcon Vision LLC, Hoya Corporation, Johnson & Johnson Vision Care Inc., Specsavers Optical Group Limited, GrandVision BV, Burberry Group plc, Bausch & Lomb Incorporated, The Cooper Companies Inc., Italia Independent Group S.p.A., Fielmann AG, Safilo Group S.p.A., Kering Eyewear, Marchon Eyewear Inc., Rodenstock GmbH, TAG Heuer SA, De Rigo Vision S.p.A., Marcolin S.p.A., Oakley Inc., Maui Jim Inc., Charmant Group Inc., Seiko Optical Products Co. Ltd., Lafont Paris, Luxottica Group S.p.A., Silmo Paris, Luxexcel Group BV are significant contributors within the eyewear market.
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Which geographic areas are influencing the growth of the eyewear market?
North America was the largest region in the eyewear market in 2024. Asia-Pacific is expected to be the fastest-growing region in the eyewear market during the forecast period. The regions covered in the eyewear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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