Report Overview

The global eyewear market size reached approximately USD 136.66 Billion in 2024. The market is projected to grow at a CAGR of 3.10% between 2025 and 2034, reaching a value of around USD 185.45 Billion by 2034.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Eyewear Market Outlook

The global eyewear market size reached approximately USD 136.66 billion in 2023. The market is projected to grow at a CAGR of 3.10% between 2024 and 2032, reaching a value of around USD 180.15 billion by 2032.

 

Key Takeaways

Topic Information
Smart Eyewear Represents a growing segment, incorporating features like augmented reality, health tracking, and connectivity with other devices.
Health and Wellness Consumers are seeking eyewear that can offer improved protection against UV and blue light.
Online Eyewear Shopping Virtual try-on technology, online eye tests, and the convenience of home delivery are making online eyewear shopping increasingly popular.

 

The common forms of eyewear include glasses (also called eyeglasses or contacts), sunglasses, contact lenses and utilitarian forms of eye protection, such as spectacles and goggles. Eyewear items are usually used to correct vision and shield the eyes from unnecessary glare, debris, or harmful radiation. The frames and lenses of these objects are mainly made of plastic and glass.

 

The increase in the number of visual deficiencies as well as the increasing awareness of eye exams are expected to stimulate the eyewear market growth. The increase in the number of ophthalmic disorders such as myopia, presbyopia, and hypermetropia among the ageing population is also a significant contributor to the market. A significant percentage of the population in developing countries, such as India, Brazil, and Mexico, suffer from visual disabilities that are usually undetected and not corrected. As a result, government and private organisations in these economies are undertaking eye-care awareness campaigns which is expected to boost the eyewear market sales.

 

Eyewear Market Report Snapshots

Eyewear Market Size

Eyewear Market Trends

Eyewear Companies

Eyewear Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the global eyewear market attained a value of nearly USD 136.66 Billion.

The market is projected to grow at a CAGR of 3.10% between 2025 and 2034.

The market is estimated to grow in the forecast period of 2025-2034 to attain a value of more than USD 185.45 Billion by 2034.

The major drivers of the market are rising disposable incomes, growing consumer focus on appearance and aesthetics, increasing public awareness regarding eyecare, rising demand from the developing regions, increasing prevalence of visual deficiencies and ophthalmic disorders, and growing technological advancements.

The key trends guiding the growth of the eyewear market include the availability of premium and customised eyewear products and the increasing purchases from online stores.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Europe accounting for the largest market share.

Spectacles represent the leading product type in the market.

The significant segments based on gender include men, women, and unisex.

The major distribution channels of the product include optical stores, independent brand showrooms, online stores, and retail stores.

The major players in the market are Luxottica Group S.p.A., Essilor of America, Inc., Johnson & Johnson Vision Care, Inc. (Johnson & Johnson Medical GmbH), Safilo Group S.p.A, Alcon Vision LLC, Prada S.p.A., Oakley, Inc., The Cooper Companies Inc., Silhouette International Schmied AG, and LVMH Group, among others.

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