Eyewear Market Growth, Demand, Industry Developments, Regional Analysis, Business Strategies and Forecast by 2030

 

The eyewear market is undergoing a transformative phase driven by evolving consumer preferences, technological advancements, and changing fashion trends. According to a report by Market Research Future, the eyewear market is expected to witness significant growth in the coming years, propelled by factors such as increasing awareness about eye health, rising disposable income, and the growing demand for fashion-forward eyewear accessories.

Eyewear Market Overview

Eyewear Market Size was valued at USD 168.4 million in 2021. The eyewear market industry is projected to grow from USD 182.8 Million in 2022 to USD 325.82 million by 2030, exhibiting a compound annual growth rate (CAGR) of 8.60% during the forecast period (2022 - 2030).

Key players in the eyewear market are employing various strategies to maintain their competitive edge and capitalize on emerging opportunities. These strategies include product innovation, strategic partnerships, and expansion into new markets. Companies are investing heavily in research and development to introduce innovative eyewear designs, materials, and technologies that offer enhanced comfort, durability, and style. Additionally, collaborations with fashion designers, celebrities, and influencers are being leveraged to create exclusive eyewear collections, drive brand visibility, and appeal to fashion-conscious consumers.

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Key Companies in the Eyewear market includes

Fielmann AG (Germany)

The Cooper Companies Inc. (US)

Bausch Health Companies Inc. (Canada)

Luxottica Group S.p.A. (Italy)

Carl Zeiss AG (Germany)

Safilo Group S.p.A. (Italy)

GrandVision (Netherlands)

Alcon Vision LLC (US)

Johnson & Johnson Vision Care Inc. (US)

Marcolin SpA (Italy)

Marchon Eyewear Inc. (US)

De Rigo Vision S.p.A. (Italy)

Essilor International (France)

Rodenstock GmbH (Germany)

Charmant Inc. (US) among others

Sustainability is emerging as a key trend in the eyewear market, with an increasing number of consumers seeking eco-friendly and socially responsible eyewear options. Eyewear brands are incorporating sustainable materials such as recycled plastics, bio-based acetate, and bamboo into their product lines to reduce environmental impact and meet the growing demand for eco-conscious products. Furthermore, companies are implementing sustainable practices throughout their supply chains, including ethical sourcing, energy-efficient manufacturing processes, and waste reduction initiatives, to align with consumer values and enhance brand reputation.

Another significant trend shaping the eyewear market is the rising popularity of online retail channels and direct-to-consumer (DTC) business models. With the proliferation of e-commerce platforms and digital marketing channels, eyewear brands are increasingly leveraging online sales channels to reach a wider audience, offer personalized shopping experiences, and drive sales growth. Additionally, companies are investing in augmented reality (AR) and virtual try-on technologies to enhance the online shopping experience, allowing customers to virtually try on different eyewear styles and find the perfect fit from the comfort of their homes.

Eyewear Market Segmentation

Eyewear Product Type Outlook (USD Million, 2018-2030)

• Spectacles
• Sunglasses
• Contact Lenses
• Others

Eyewear Distribution Channel Outlook (USD Million, 2018-2030)

• Store-Based
• Non-Store-Based
• Other

Eyewear Industry Developments

December 2021: Smith imprint 3D technology is now available, according to Saflio Group, which will address a variety of facial shapes and features without using a one-size-fits-all approach to sports apparel. Customers had many problems with 3D-printed snow goggles, including increased all-day comfort, elimination of light leaks caused by faulty fit, removal of pressure points or hot areas, and an increased field of view.

September 2021: The Stories smart glasses, developed by Meta (formerly Facebook) and Ray-Ban, include dual 5-megapixel cameras that can take photos and 30-second films. The LED lights outside the glasses serve as a working indicator for the cameras. Additionally, it has touch-activated controls for calls, volume, and music playback on its temples, which also double as earbuds.

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