Eyewear Market Report 2025 (Global Edition)

Global Eyewear Market Report 2025 Market Size Split by Product (Spectacles, Sunglasses, Contact Lenses, Sports Eyewear, Others), by Material (Metal Eyewear, Plastic Eyewear, Others), by End User (Men,...

Eyewear Market Report Description

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Eyewear Market Insights Video

Competitive Landscape of the Eyewear Market

The competitive landscape of the Eyewear market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Eyewear companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

April 2024: Carl Zeiss Meditec AG purchased Dutch Ophthalmic Research Center (International) B.V. (D.O.R.C.) from the investment group Eurazeo SE in Paris, France. The acquisition will expand and complement ZEISS Medical Technology's extensive ophthalmic portfolio and digitally integrated workflow solutions for treating a wide range of eye problems, including retinal disorders, cataracts, glaucoma, and refractive errors. (Source: https://www.zeiss.com/meditec-ag/en/media-news/press-releases/2024/acquisition-dutch-ophthalmic-research-center.html

Top Companies Market Share in Eyewear Industry: (In no particular order of Rank)

• Johnson & Johnson Vision Care
• Inc.
• ESSILORLUXOTTICA
• CooperVision
• Carl Zeiss AG
• Bausch & Lomb Inc.
• Safilo Group S.p.A.
• Charmant Group
• Chemilens (CHEMIGLAS Corp.)
• CIBA VISION
• De Rigo Vision S.p.A
• Fielmann AG
• HOYA Corporation
• JINS
• Inc.
• Marchon Eyewear
• Inc.
• Marcolin S.p.A
• QSpex Technologies
• Rodenstock GmbH
• Seiko Optical Products Co.
• Ltd.
• Shamir Optical Industry Ltd.
• Silhouette International Schmied AG
• Warby Parker
• Zenni Optical
• Inc.
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Eyewear Market

Which Region Dominates the Eyewear Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America's eyewear market is experiencing growth driven with the aid of factors inclusive of an getting old population, expanded recognition of eye health, and style-aware clients. The place boasts a strong presence of key players, such as set-up optical stores and fashion manufacturers. Additionally, technological improvements and e-trade penetration are fueling marketplace expansion and making North America a thriving hub for the eyewear industry.

Which Region is Expanding at the Fastest CAGR?

Europe stands out as the fastest-growing region in the Eyewear market due to several compelling reasons. ?Europe's eyewear market is on an upward trajectory, propelled by factors like an ageing populace, rising demand for fashionable eyewear, and improved attention to eye health. The region showcases a diverse variety of eyewear producers, outlets, and fashion brands. Moreover, technological innovations and a developing online presence are contributing to the marketplace's growth, positioning Europe as a key participant in the global eyewear enterprise.

 

The current report Scope analyzes Eyewear Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Eyewear

According to Cognitive Market Research, the global Eyewear market size was estimated at USD 185484.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 74193.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Eyewear market with a market size of USD 58538.81 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. The demand is amplified by the aging population.
• The Canada Eyewear market had a market share of USD 8903.24 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Canada's digital screen usage.
• The Mexico Eyewear market is projected to witness growth at a CAGR of 7.7% during the forecast period with a market size of USD 6751.62 million in 2024.

Europe Eyewear

According to Cognitive Market Research, the global Eyewear market size was estimated at USD 185484.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 55645.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• The United Kingdom Eyewear market had a market share of USD 9348.40 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. In the UK, Eyewear sales witness an upswing due to the fashion trends.
• The France Eyewear market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 5119.36 million in 2024.
• According to Cognitive Market Research, the Germany Eyewear market size was valued at USD 11017.76 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. In Germany, Eyewear sales surge due to the expansion of e-commerce sector.
• The Italy Eyewear market is projected to witness growth at a CAGR of 6.9% during the forecast period with a market size of USD 4785.49 million in 2024.
• The Russia Eyewear market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD 8625.02 million in 2024.
• The Spain Eyewear market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 4562.91 million in 2024
• The Luxembourg Eyewear market is projected to witness growth at a CAGR of 7.6% during the forecast period with a market size of USD 1725.00 million in 2024.
• The Portugal Eyewear market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD 1168.55 million in 2024.
• The Greece Eyewear market is projected to witness growth at a CAGR of 7.8% during the forecast period with a market size of USD 667.74 million in 2024.
• Rest of Europe Eyewear market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 8625.02 million in 2024.

Asia Pacific Eyewear

According to Cognitive Market Research, the global Eyewear market size was estimated at USD 185484.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 42661.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Eyewear market size was valued at USD 19197.61 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. Eyewear sales surge in China due to the e-commerce growth.
• The Japan Eyewear market is projected to witness growth at a CAGR of 9.5% during the forecast period with a market size of USD 5887.27 million in 2024.
• The India Eyewear market had a market share of USD 5119.36 million in 2024 and is projected to grow at a CAGR of 12.8% during the forecast period. The demand is augmented by India's urbanization.
• The South Korea Eyewear market is projected to witness growth at a CAGR of 10.1% during the forecast period with a market size of USD 4266.14 million in 2024.
• The Australia Eyewear market is projected to witness growth at a CAGR of 10.7% during the forecast period with a market size of USD 2218.39 million in 2024.
• The South East Asia Eyewear market is projected to witness growth at a CAGR of 12.0% during the forecast period with a market size of USD 2943.63 million in 2024.
• The Rest of Asia Pacific Eyewear market is projected to witness growth at a CAGR of 10.8% during the forecast period with a market size of USD 3028.96 million in 2024.

South America Eyewear

According to Cognitive Market Research, the global Eyewear market size was estimated at USD 185484.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 9274.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Eyewear market size was valued at USD 3969.36 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. Eyewear sales flourish in Brazil due to the disposable income.
• Argentina Eyewear market had a market share of USD 1558.07 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. The demand is augmented by Argentina's health awareness.
• Colombia Eyewear market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 825.40 million in 2024.
• Peru Eyewear market is projected to witness growth at a CAGR of 8.6% during the forecast period with a market size of USD 760.49 million in 2024.
• Chile Eyewear market is projected to witness growth at a CAGR of 8.7% during the forecast period with a market size of USD 667.74 million in 2024.
• The Rest of Latin America Eyewear market is projected to witness growth at a CAGR of 7.5% during the forecast period with a market size of USD 1493.15 million in 2024.

Middle East and Africa Eyewear

According to Cognitive Market Research, the global Eyewear market size was estimated at USD 185484.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 3709.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7 % from 2024 to 2031.

• The GCC Countries Eyewear market is projected to witness growth at a CAGR of 9.5% during the forecast period with a market size of USD 1587.74 million in 2024. Eyewear sales flourish due to the technological innovations. Egypt Eyewear market is projected to witness growth at a CAGR of 8.0% during the forecast period with a market size of USD 18.80 million in 2024.
• The Egypt Eyewear market is projected to witness growth at a CAGR of 9.0% during the forecast period with a market size of USD 389.52 million in 2024.
• The South Africa Eyewear market is projected to witness growth at a CAGR of 9.7% during the forecast period with a market size of USD 586.13 million in 2024. Eyewear sales flourish in the South Africa due to the brand marketing.
• The Turkey Eyewear market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 319.03 million in 2024.
• The Nigeria Eyewear market is projected to witness growth at a CAGR of 7.8% during the forecast period with a market size of USD 389.52 million in 2024.
• The Rest of MEA Eyewear market is projected to witness growth at a CAGR of 7.7% during the forecast period with a market size of USD 437.74 million in 2024.

Eyewear Market Analysis

Eyewear Market Product Segment Analysis

According to Cognitive Market Research, Spectacles stands out as the dominating category. The spectacles section of the eyewear market is experiencing a strong boom because of several factors. These encompass the growing occurrence of vision impairments, rising consciousness of eye health, and improvements in lens generation. Moreover, the call for elegant and customizable frames is driving the purchaser's hobby. With increasing markets in both developed and growing regions, the spectacles section is poised for a persistent increase inside the worldwide eyewear market.

Sunglasses emerges as the fastest-growing category in the Eyewear market. The shades phase of the eyewear market is witnessing a considerable boom fueled by the aid of various factors. These include growing cognizance of UV protection, style traits selling sunglasses as accessories, and increasing outdoor leisure activities. Additionally, improvements in the lens era and modern designs are using consumer demand. With worldwide attainment and diverse consumer possibilities, the sun shades market is poised for continued expansion inside the eyewear industry.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Eyewear Industry. Request a Free Sample PDF!

Eyewear Market Category Segment Analysis

According to Cognitive Market Research, the dominating category is Metal Eyewear. The steel eyewear segment is experiencing an excellent boom within the eyewear marketplace. This boom may be attributed to several factors, including the sturdiness and perceived luxury associated with metallic frames. Additionally, advancements in metallic frame design and customization alternatives are appealing to consumers seeking each style and capability. With growing demand globally, the steel eyewear phase is poised to keep its upward trajectory inside the marketplace.

The fastest-growing category in the Eyewear market is Plastic Eyewear. Plastic eyewear is witnessing a surge in the eyewear marketplace due to numerous elements. The lightweight nature of plastic frames, coupled with their versatility in layout and coloration options, appeals to a wide variety of clients. Additionally, plastic frames are regularly more inexpensive than their metal counterparts, further riding their popularity. With the growing call for state-of-the-art and price-effective eyewear, the plastic phase is prospering.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Eyewear End User Segment Analysis

According to Cognitive Market Research, the dominating category is Men. The men's eyewear marketplace is experiencing a splendid increase driven by different factors. This increase is propelled by increasing fashion awareness among men, coupled with a developing focus on eye health. Additionally, improvements in eyewear technology and layout are catering to the numerous possibilities of male clients. With an extensive range of patterns and functionalities available, the guys's eyewear section is poised for endured growth within the market.

The fastest-growing category in the Eyewear market is Women. The women's eyewear marketplace is witnessing widespread growth spurred by several factors. This boom is fueled by evolving fashion developments, in which eyewear is increasingly considered a fashion accessory. Additionally, the rising focus on eye health amongst ladies contributes to extended demand for both prescription and non-prescription eyewear. With a plethora of options catering to diverse tastes, the women's eyewear phase is flourishing and poised for endured growth.

• Men
• Women
• Unisex
• Kids

Eyewear Sales Channel Segment Analysis

According to Cognitive Market Research, the dominating category is Multi-brand Stores. Multi-logo shops are emerging as key drivers of the boom within the eyewear market. These stores offer a variety of eyewear brands under one roof, providing purchasers with convenience and choice. By curating collections from diverse manufacturers, multi-emblem stores cater to unique tastes and alternatives, attracting a wider consumer base. With their potential to provide a comprehensive eyewear buying experience, these stores are fueling market growth.

The fastest-growing category in the Eyewear market is Optical Stores. Optical stores continue to play an essential role in riding growth within the eyewear marketplace. Offering professional recommendations, personalized fittings, and a wide selection of eyewear options, those stores offer a complete purchasing experience for clients looking for vision correction answers. Additionally, optical stores regularly contain advanced technologies for eye checks and lens customization, improving their attraction and contributing to market growth.

• Clinics & Hospitals
• Modern Trade
• Multi-brand Stores
• Optical Stores
• Online Retailing
• Others

Eyewear Price Range Segment Analysis

According to Cognitive Market Research, the dominating category is Below US$ 15. The eyewear segment under US$ 15 is experiencing first-rate growth within the market because of its affordability and accessibility. With the increasing demand for finance-friendly options, consumers are attracted to this phase for its cost-effectiveness without compromising on first-class. This segment caters to an extensive demographic, including students, price range-conscious people, and those seeking spare or backup eyewear, using its growth inside the eyewear marketplace.

The fastest-growing category in the Eyewear market is US$ 15-35. The Eyewear (ASRS) marketplace is growing as agencies prioritize novel rack layouts for better garage solutions. The US$ 15-35 eyewear phase is witnessing a large boom within the marketplace, fueled by elements consisting of affordability and numerous style alternatives. Positioned among budget and premium tiers, this phase offers purchasers first-rate eyewear at reasonable expenses. With a growing call for elegant but moderately priced glasses, specifically amongst teens and operating specialists, the US 15-35 phase is riding growth and capturing an extensive market proportion.

• Below US$ 15
• US$ 15-35
• Above US$ 35

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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