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Global Eyewear Market 2023-2027

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    Report

  • 120 Pages
  • November 2022
  • Region: Global
  • TechNavio
  • ID: 4990992
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The eyewear market is poised to grow by $76 billion during 2023-2027, accelerating at a CAGR of 7.9% during the forecast period. The market is driven by the increasing prevalence of vision disorders, rising demand for eyewear from emerging economies, and product innovation and differentiation through functional and technological advances.

This report on the eyewear market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.

The eyewear market is segmented as below:

By Distribution Channel

  • Offline
  • Online

By Product

  • Eyeglass
  • Sunglass
  • Contact lenses

By Geographical Landscape

  • Europe
  • North America
  • APAC
  • South America
  • Middle East and Africa
This study identifies the adoption of an omnichannel distribution system and digital marketing as one of the prime reasons driving the eyewear market growth during the next few years. Also, growing demand for premium eyewear, personalization, and loyalty programs and the utility of eyewear as a fashion product will lead to sizable demand in the market.

The analyst presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters.

This report on the eyewear market covers the following areas:

  • Eyewear market sizing
  • Eyewear market forecast
  • Eyewear market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading eyewear market vendors that include Alcon Inc., Bausch Health Co. Inc., Bespoke Inc., Carl Zeiss AG, Charmant Inc., De Rigo Vision Spa, Dealskart Online Services Pvt. Ltd., EssilorLuxottica SA, Fielmann AG, HOYA Corp., JINS Eyewear US Inc., Kering SA, Le petit fils de L.U. Chopard and Cie SA, Marcolin Spa, Safilo Group Spa, Tata Sons Pvt. Ltd., TEK Optical Inc., The Cooper Companies Inc., Vision Express UK Ltd., and Vision Service Plan. Also, the eyewear market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 06: Executive Summary - Chart on Market Segmentation by Product
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global eyewear market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global eyewear market 2017 - 2021 ($ billion)
4.2 Distribution Channel Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Distribution Channel Segment 2017 - 2021 ($ billion)
4.3 Product Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Product Segment 2017 - 2021 ($ billion)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ billion)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Distribution Channel
6.1 Market segments
Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)
6.2 Comparison by Distribution Channel
Exhibit 32: Chart on Comparison by Distribution Channel
Exhibit 33: Data Table on Comparison by Distribution Channel
6.3 Offline - Market size and forecast 2022-2027
Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)
6.4 Online - Market size and forecast 2022-2027
Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Distribution Channel
Exhibit 42: Market opportunity by Distribution Channel ($ billion)
7 Market Segmentation by Product
7.1 Market segments
Exhibit 43: Chart on Product - Market share 2022-2027 (%)
Exhibit 44: Data Table on Product - Market share 2022-2027 (%)
7.2 Comparison by Product
Exhibit 45: Chart on Comparison by Product
Exhibit 46: Data Table on Comparison by Product
7.3 Eyeglass - Market size and forecast 2022-2027
Exhibit 47: Chart on Eyeglass - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Data Table on Eyeglass - Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Chart on Eyeglass - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Eyeglass - Year-over-year growth 2022-2027 (%)
7.4 Sunglass - Market size and forecast 2022-2027
Exhibit 51: Chart on Sunglass - Market size and forecast 2022-2027 ($ billion)
Exhibit 52: Data Table on Sunglass - Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Chart on Sunglass - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Sunglass - Year-over-year growth 2022-2027 (%)
7.5 Contact lenses - Market size and forecast 2022-2027
Exhibit 55: Chart on Contact lenses - Market size and forecast 2022-2027 ($ billion)
Exhibit 56: Data Table on Contact lenses - Market size and forecast 2022-2027 ($ billion)
Exhibit 57: Chart on Contact lenses - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Contact lenses - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Product
Exhibit 59: Market opportunity by Product ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 61: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 62: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 63: Chart on Geographic comparison
Exhibit 64: Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2022-2027
Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 APAC - Market size and forecast 2022-2027
Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 Italy - Market size and forecast 2022-2027
Exhibit 93: Chart on Italy - Market size and forecast 2022-2027 ($ billion)
Exhibit 94: Data Table on Italy - Market size and forecast 2022-2027 ($ billion)
Exhibit 95: Chart on Italy - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Italy - Year-over-year growth 2022-2027 (%)
9.11 Germany - Market size and forecast 2022-2027
Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.12 Canada - Market size and forecast 2022-2027
Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 105: Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 106: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 108: Overview on factors of disruption
11.4 Industry risks
Exhibit 109: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 110: Vendors covered
12.2 Market positioning of vendors
Exhibit 111: Matrix on vendor position and classification
12.3 Alcon Inc.
Exhibit 112: Alcon Inc. - Overview
Exhibit 113: Alcon Inc. - Business segments
Exhibit 114: Alcon Inc. - Key offerings
Exhibit 115: Alcon Inc. - Segment focus
12.4 Bausch Health Co. Inc.
Exhibit 116: Bausch Health Co. Inc. - Overview
Exhibit 117: Bausch Health Co. Inc. - Business segments
Exhibit 118: Bausch Health Co. Inc. - Key news
Exhibit 119: Bausch Health Co. Inc. - Key offerings
Exhibit 120: Bausch Health Co. Inc. - Segment focus
12.5 Carl Zeiss AG
Exhibit 121: Carl Zeiss AG - Overview
Exhibit 122: Carl Zeiss AG - Business segments
Exhibit 123: Carl Zeiss AG - Key offerings
Exhibit 124: Carl Zeiss AG - Segment focus
12.6 Charmant Inc.
Exhibit 125: Charmant Inc. - Overview
Exhibit 126: Charmant Inc. - Product / Service
Exhibit 127: Charmant Inc. - Key offerings
12.7 De Rigo Vision Spa
Exhibit 128: De Rigo Vision Spa - Overview
Exhibit 129: De Rigo Vision Spa - Product / Service
Exhibit 130: De Rigo Vision Spa - Key offerings
12.8 EssilorLuxottica SA
Exhibit 131: EssilorLuxottica SA - Overview
Exhibit 132: EssilorLuxottica SA - Business segments
Exhibit 133: EssilorLuxottica SA - Key offerings
Exhibit 134: EssilorLuxottica SA - Segment focus
12.9 Fielmann AG
Exhibit 135: Fielmann AG - Overview
Exhibit 136: Fielmann AG - Business segments
Exhibit 137: Fielmann AG - Key news
Exhibit 138: Fielmann AG - Key offerings
Exhibit 139: Fielmann AG - Segment focus
12.10 HOYA Corp.
Exhibit 140: HOYA Corp. - Overview
Exhibit 141: HOYA Corp. - Business segments
Exhibit 142: HOYA Corp. - Key offerings
Exhibit 143: HOYA Corp. - Segment focus
12.11 Kering SA
Exhibit 144: Kering SA - Overview
Exhibit 145: Kering SA - Business segments
Exhibit 146: Kering SA - Key offerings
Exhibit 147: Kering SA - Segment focus
12.12 Le petit fils de L.U. Chopard and Cie SA
Exhibit 148: Le petit fils de L.U. Chopard and Cie SA - Overview
Exhibit 149: Le petit fils de L.U. Chopard and Cie SA - Product / Service
Exhibit 150: Le petit fils de L.U. Chopard and Cie SA - Key offerings
12.13 Marcolin Spa
Exhibit 151: Marcolin Spa - Overview
Exhibit 152: Marcolin Spa - Business segments
Exhibit 153: Marcolin Spa - Key offerings
Exhibit 154: Marcolin Spa - Segment focus
12.14 Safilo Group Spa
Exhibit 155: Safilo Group Spa - Overview
Exhibit 156: Safilo Group Spa - Business segments
Exhibit 157: Safilo Group Spa - Key offerings
Exhibit 158: Safilo Group Spa - Segment focus
12.15 TEK Optical Inc.
Exhibit 159: TEK Optical Inc. - Overview
Exhibit 160: TEK Optical Inc. - Product / Service
Exhibit 161: TEK Optical Inc. - Key offerings
12.16 The Cooper Companies Inc.
Exhibit 162: The Cooper Companies Inc. - Overview
Exhibit 163: The Cooper Companies Inc. - Business segments
Exhibit 164: The Cooper Companies Inc. - Key offerings
Exhibit 165: The Cooper Companies Inc. - Segment focus
12.17 Vision Express UK Ltd.
Exhibit 166: Vision Express UK Ltd. - Overview
Exhibit 167: Vision Express UK Ltd. - Product / Service
Exhibit 168: Vision Express UK Ltd. - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 169: Inclusions checklist
Exhibit 170: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 171: Currency conversion rates for US$
13.4 Research methodology
Exhibit 172: Research methodology
Exhibit 173: Validation techniques employed for market sizing
Exhibit 174: Information sources
13.5 List of abbreviations
Exhibit 175: List of abbreviations

Executive Summary

The analyst recognizes the following companies as the key players in the global eyewear market: Alcon Inc., Bausch Health Co. Inc., Bespoke Inc., Carl Zeiss AG, Charmant Inc., De Rigo Vision Spa, Dealskart Online Services Pvt. Ltd., EssilorLuxottica SA, Fielmann AG, HOYA Corp., JINS Eyewear US Inc., Kering SA, Le petit fils de L.U. Chopard and Cie SA, Marcolin Spa, Safilo Group Spa, Tata Sons Pvt. Ltd., TEK Optical Inc., The Cooper Companies Inc., Vision Express UK Ltd., and Vision Service Plan.

Commenting on the report, one of the report's analysts said: 'The latest trend gaining momentum in the market is the adoption of omnichannel distribution system and digital marketing.'

According to the report, one of the major drivers for this market is the increasing prevalence of vision disorders.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Alcon Inc.
  • Bausch Health Co. Inc.
  • Bespoke Inc.
  • Carl Zeiss AG
  • Charmant Inc.
  • De Rigo Vision Spa
  • Dealskart Online Services Pvt. Ltd.
  • EssilorLuxottica SA
  • Fielmann AG
  • HOYA Corp.
  • JINS Eyewear US Inc.
  • Kering SA
  • Le petit fils de L.U. Chopard and Cie SA
  • Marcolin Spa
  • Safilo Group Spa
  • Tata Sons Pvt. Ltd.
  • TEK Optical Inc.
  • The Cooper Companies Inc.
  • Vision Express UK Ltd.
  • Vision Service Plan