The eyewear market report from The Business Research Company covers growth-driving insights such as eyewear market size, eyewear market trends and drivers, eyewear market segmentation, eyewear market competitive landscape and more

The eyewear market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8.90%, as per The Business Research Company’s market report!

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The Eyewear Market Size In 2022 And Forecast

The global eyewear market is expected to grow from $90.75 billion in 2021 to $98.82 billion in 2022 at a compound annual growth rate (CAGR) of 8.90%. The global eyewear market size is expected to grow to $156.31 billion in 2026 at a compound annual growth rate (CAGR) of 8.90%.

The eyewear market consists of sales of eyewear by entities (organizations, sole traders, and partnerships) that refer to devices and accessories worn on the eyes to protect or improve vision or eyesight.

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The Increasing Cases Of Deteriorating Eye Health Are Driving The Growth Of The Eyewear Market

For instance, according to a news release in October 2021 by the World Health Organization (WHO), at least 1 billion people worldwide have near or distant visual impairment that could be prevented or has yet to be addressed. Vision impairment majorly affects people over the age of 50, and the leading causes are untreated cataracts and uncorrected refractive error. Therefore, the increasing cases of deteriorating eye health are expected to boost demand for eyewear during the forecast period.

Competitive Landscape And The Regional Analysis Of The Eyewear Market

Major players in the eyewear market are Luxottica Group SpA, Essilor International, Zeiss International, Johnson & Johnson Vision Care Inc, Bausch & Lomb Inc, Marchon Eyewear Inc, Fielmann AG, HOYA Corporation, De Rigo SpA, Alcon Vision LLC, GKB Opticals Limited, Titan Company Limited, Lenskart Solutions Private Limited, Ronak Optik Private Limited, Prada SpA, and Rayban Sun Optics India Private Limited.

Additionally, as per TBRC’s research – North America was the largest region in the eyewear market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period

The Eyewear Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the eyewear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the eyewear market.

Technological advancement – A Key Trend In The Eyewear Market

Technological advancements in eyewear such as smart glasses are gaining traction in the market. Smart glass refers to a gadget that places a computer screen/display in front of a person’s eyes using appropriate technology to convey data from a background information system. The display can be shown/reflected on the lens of glasses or delivered to the eyes as a separate component. The smart glasses also come with other smart features such as Bluetooth connectivity, open ear speakers, a fitness tracker, and others.

Eyewear Market Segmentation By The Business Research Company

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

Here Are Some Reports Related To The Eyewear Market –

Vision Care Devices And Equipment Global Market Report 2022

Intraocular Lens Global Market Report 2022

Sunglasses Global Market Report 2022

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