Key Takeaways
- The global eyewear market was valued at USD 139.2 billion in 2022 and is expected to grow at a CAGR of 7.2% from 2023 to 2030, driven by rising prevalence of vision disorders.
- In 2023, the optical eyewear segment accounted for 62% of the total eyewear market revenue worldwide.
- North America's eyewear market revenue reached USD 28.5 billion in 2022, representing 20.5% of global share.
- 42% of adults aged 25-64 in the US wear prescription glasses daily.
- Women account for 55% of global eyewear purchases in 2023.
- 65% of millennials prefer online eyewear shopping over physical stores.
- Sunglasses segment holds 40% market share in fashion-driven purchases.
- Smart glasses shipments reached 1.2 million units in 2023.
- Blue light filtering lenses grew 25% in adoption since 2020.
- North America holds 25% of global eyewear market share in 2023.
- Europe eyewear revenue €35.2 billion in 2022, led by Italy and France.
- Asia-Pacific fastest growing region at 8.5% CAGR to 2030.
- EssilorLuxottica holds 25% global market share in 2023.
- Luxottica Group revenue €14.4 billion from eyewear in 2022.
- Warby Parker reached 200 stores and $600M revenue in 2023.
The eyewear industry is a large and fast-growing global market driven by vision needs and fashion.
Competitive Landscape & Brands
- EssilorLuxottica holds 25% global market share in 2023.
- Luxottica Group revenue €14.4 billion from eyewear in 2022.
- Warby Parker reached 200 stores and $600M revenue in 2023.
- Safilo Group market share 8% in branded eyewear.
- Ray-Ban brand sold 30 million units annually worldwide.
- Zenni Optical online sales $250M in 2023.
- Oakley dominates sports eyewear with 18% share.
- Prada eyewear licenses generate €500M yearly.
- Costco optical division $3B revenue in US.
- Google Glass Enterprise captured 15% AR eyewear market.
- Marchon Eyewear portfolios include 20+ brands, $1B sales.
- VSP Vision global members 80 million.
- Gucci eyewear sales up 22% to €800M in 2023.
- 1-800 Contacts $700M revenue leader in e-contacts.
- De Rigo Group 7% European market share.
- GlassesUSA.com 10M customers served.
- Chanel eyewear line €300M annual sales.
- LensCrafters 1,000+ stores globally.
- Bausch + Lomb contacts 30% US market share.
- Oliver Peoples premium segment 5% share.
- Fielmann Group 1,200 European stores, €1.7B revenue.
- Persol iconic model sells 1M pairs/year.
- EyeBuyDirect $100M+ direct-to-consumer sales.
- Alcon daily contacts 25% global share.
- Tom Ford eyewear €400M licensed sales.
- Pearle Vision 500 US locations.
- Marcolin handles 15 brands, €500M turnover.
Competitive Landscape & Brands Interpretation
Consumer Behavior & Demographics
- 42% of adults aged 25-64 in the US wear prescription glasses daily.
- Women account for 55% of global eyewear purchases in 2023.
- 65% of millennials prefer online eyewear shopping over physical stores.
- Myopia affects 49% of the world population as of 2023.
- 28% of Gen Z consumers prioritize sustainable materials in eyewear.
- Average American spends $150 annually on eyewear products.
- 72% of smartphone users experience digital eye strain, boosting blue light glasses demand.
- 35% of consumers aged 18-34 buy sunglasses for fashion reasons over protection.
- Elderly population (65+) represents 22% of prescription eyewear users globally.
- 51% of parents purchase kids' eyewear based on durability.
- Virtual try-on technology influences 68% of online eyewear buyers to complete purchase.
- 40% of Europeans replace sunglasses every 12 months.
- Hispanic consumers in US grow eyewear spending by 15% YoY.
- 57% of consumers seek customizable frame options.
- Contact lens wearers average 300 days/year usage.
- 29% rise in men's sunglasses purchases post-pandemic.
- 63% of urban dwellers buy premium eyewear brands.
- Astigmatism prevalence at 23% among working adults.
- 48% of consumers influenced by celebrity endorsements for eyewear.
- Presbyopia affects 1.8 billion people globally by 2050 projection.
- 39% of budget-conscious buyers opt for over-the-counter readers.
- Female Gen Xers lead in progressive lens adoption at 45%.
- 71% of frequent travelers prioritize polarized lenses.
- African American consumers 2x more likely to wear contacts.
- 52% drop in store visits due to AR try-on apps usage.
- 60% of diabetics require specialized eyewear annually.
- Sunglasses ownership rate 85% among beachgoers.
- Prescription sunglasses demand up 33% among athletes.
- Rimless frames preferred by 27% of professionals.
Consumer Behavior & Demographics Interpretation
Market Size & Revenue
- The global eyewear market was valued at USD 139.2 billion in 2022 and is expected to grow at a CAGR of 7.2% from 2023 to 2030, driven by rising prevalence of vision disorders.
- In 2023, the optical eyewear segment accounted for 62% of the total eyewear market revenue worldwide.
- North America's eyewear market revenue reached USD 28.5 billion in 2022, representing 20.5% of global share.
- The sunglasses market generated USD 45.6 billion in 2023 globally, with a projected CAGR of 5.8% through 2028.
- Prescription glasses sales in Europe hit €22.4 billion in 2022, up 4.3% from the previous year.
- Asia-Pacific eyewear market is forecasted to reach USD 60.3 billion by 2027 at a CAGR of 8.1%.
- Contact lenses segment revenue was USD 12.7 billion globally in 2023.
- Luxury eyewear market valued at USD 15.2 billion in 2022, growing at 6.5% CAGR to 2030.
- U.S. optical retail sales totaled $38.1 billion in 2022.
- Global smart eyewear market size was USD 1.8 billion in 2023, projected to hit USD 9.5 billion by 2030 at 26.7% CAGR.
- Italian eyewear exports reached €4.8 billion in 2022.
- Online eyewear sales grew to 18% of total market share in 2023 globally.
- Children's eyewear market valued at USD 8.4 billion in 2022, CAGR 6.2% to 2030.
- Sports eyewear revenue was USD 4.2 billion in 2023.
- Blue light blocking glasses market hit USD 2.1 billion in 2023, growing at 15.4% CAGR.
- Global eyewear market projected to reach USD 250 billion by 2030.
- France eyewear market revenue €5.6 billion in 2022.
- Anti-fog eyewear market size USD 1.2 billion in 2023.
- Progressive lens market valued at USD 9.8 billion in 2022.
- Eyewear e-commerce market to grow at 12.3% CAGR to USD 45 billion by 2028.
- China eyewear market USD 25.7 billion in 2023.
- Reading glasses market USD 10.5 billion globally in 2022.
- Protective eyewear market USD 3.4 billion in 2023, CAGR 5.7%.
- Bifocal lenses market size USD 4.1 billion in 2022.
- Global eyewear accessories market USD 6.7 billion in 2023.
- India eyewear market projected to USD 10.2 billion by 2028 at 12% CAGR.
- Photochromic lenses market USD 3.9 billion in 2022.
- Eyewear market in Brazil USD 2.8 billion in 2023.
- Trivex lenses market valued at USD 1.5 billion in 2023.
- Global polarized sunglasses market USD 2.3 billion in 2022.
Market Size & Revenue Interpretation
Product & Technology Trends
- Sunglasses segment holds 40% market share in fashion-driven purchases.
- Smart glasses shipments reached 1.2 million units in 2023.
- Blue light filtering lenses grew 25% in adoption since 2020.
- 3D printed custom frames represent 5% of premium market.
- Photochromic technology penetrates 18% of prescription lenses.
- Sustainable bio-based acetate frames up 15% in sales.
- AR-enabled fitting apps used by 40% of online retailers.
- Titanium frames hold 22% share in lightweight category.
- Multifocal contact lenses market share 12% of contacts.
- Nano-coated anti-scratch lenses standard in 65% new glasses.
- Recycled plastic sunglasses launched by 30% of brands.
- OLED displays in smart eyewear prototypes tripled in 2023.
- High-index lenses (1.74) adoption rose to 14%.
- Bamboo frames gained 8% market in eco-segment.
- Daily disposable contacts usage at 45% of wearers.
- Hinge-less frame designs up 10% in avant-garde lines.
- UV420 protection now in 75% of indoor eyewear.
- Electrochromic lenses in development for 20% faster tinting.
- Silicone-based flexible frames for sports at 11% share.
- AI-driven prescription accuracy improved to 98% via apps.
- Carbon fiber frames lightweight leader at 45g average weight.
- Toric lenses for astigmatism 28% of specialty contacts.
- Metaverse-ready AR glasses prototypes 500k units shipped.
- Hydrophobic coatings reduce cleaning by 50% on lenses.
- Oversized frames trend covers 35% of women's fashion sales.
- Orthokeratology lenses usage up 20% for myopia control.
- Gold-plated accents in 12% luxury frames.
Product & Technology Trends Interpretation
Regional & Global Distribution
- North America holds 25% of global eyewear market share in 2023.
- Europe eyewear revenue €35.2 billion in 2022, led by Italy and France.
- Asia-Pacific fastest growing region at 8.5% CAGR to 2030.
- China produces 70% of world's eyewear frames.
- US imports 85% of eyewear from Asia.
- Latin America eyewear market USD 8.9 billion in 2023.
- Middle East sunglasses sales up 12% due to tourism.
- Japan contact lenses market leader in Asia at USD 2.5 billion.
- Germany holds 15% of European prescription eyewear.
- India eyewear penetration rate 20%, lowest in Asia.
- Australia-Pacific region 4% global share, high per capita spend.
- South Korea luxury eyewear imports USD 1.1 billion annually.
- UK online eyewear sales 25% of total retail.
- Mexico eyewear market growth 9.2% CAGR.
- Russia sunglasses market resilient at USD 0.8 billion despite sanctions.
- Africa eyewear imports primarily from China at 60% volume.
- Canada ophthalmic lenses production 10% domestic.
- Turkey eyewear exports €450 million to EU.
- Southeast Asia market USD 12.4 billion by 2027.
- Spain frames manufacturing 8% of global supply.
- UAE duty-free eyewear sales USD 300 million yearly.
- Vietnam rising as production hub, 15% global frames by 2025.
- Scandinavia high adoption of sports eyewear at 30% share.
- Argentina eyewear retail USD 1.2 billion, inflation-adjusted.
- Eastern Europe growth 7% CAGR led by Poland.
- Singapore per capita eyewear spend USD 120 annually.
Regional & Global Distribution Interpretation
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