Eyeglasses - Global Strategic Business Report

The global market for Eyeglasses is estimated at US$157.1 Billion in 2023 and is projected to reach US$234.4 Billion by 2030, growing at a CAGR of 5.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the eyeglasses market is driven by several factors, including the rising prevalence of vision impairments, increased awareness of eye health, technological innovations, and changing fashion trends. Globally, the increasing incidence of refractive errors due to genetic factors and lifestyle changes, such as prolonged exposure to computer screens, necessitates the use of corrective eyewear. Advances in eyeglass technology that enhance functionality and wearer experience also contribute to market expansion. Furthermore, eyeglasses have transcended their primary function of vision correction to become key fashion accessories, with new designs and materials continuously enriching consumer choices.

The growing elderly population, which typically suffers from age-related optical issues, also significantly propels the demand for eyewear. Additionally, the expanding accessibility and affordability of eyewear, through both physical retail and e-commerce channels, ensures that a broader demographic can benefit from these products, further driving market growth. These multifaceted drivers highlight the dynamic nature of the eyeglasses industry and its capacity to adapt to both health-related and consumer lifestyle shifts.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Lenses segment, which is expected to reach US$91.0 Billion by 2030 with a CAGR of a 5.6%. The Frames segment is also set to grow at 6.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $43.7 Billion in 2023, and China, forecasted to grow at an impressive 8.2% CAGR to reach $27.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Eyeglasses Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Eyeglasses Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Eyeglasses Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Alcon Vision LLC, AO Eyewear, Apollo Eyewear, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 488 Featured):

• Alcon Vision LLC
• AO Eyewear
• Apollo Eyewear
• Bausch Health Companies, Inc.
• Carl Zeiss AG
• CooperVision
• Fielmann AG
• Hoya Corporation
• Safilo Group SpA
• ZheJiang East Optical Technology