The global eyewear market size was valued at USD 183.36 billion in 2023 and is expected to grow at a CAGR of 8.3% from 2024 to 2030. The market growth is attributed to several factors, such as the increasing prevalence of eye conditions such as myopia, hyperopia, astigmatism, and presbyopia is driving demand for corrective eyewear. The availability of a wide range of stylish and affordable eyewear options, including designer brands and customized lenses, has made eyewear more accessible to consumers. Moreover, the rising disposable incomes and the growing acceptance of eyewear as a fashion accessory have further fueled market growth.

The market growth stage is moderate, and the pace of the market is accelerating. The market is characterized by a high degree of innovation with the development of thinner, lighter, and more scratch-resistant lenses has made prescription glasses more comfortable and appealing to wearers. Furthermore, technological advancements such as smart glasses and augmented reality eyewear are creating new possibilities for eyewear products. 

Gather more insights about the market drivers, restrains and growth of the Global Eyewear market

Eyewear Market Segments Highlights:

• Prescription (RX) glasses accounted for the largest revenue share of over 70.0% in 2023. The increasing prevalence of eye conditions such as myopia, hyperopia, astigmatism, and presbyopia is driving the demand for corrective eyewear.
• The sunglasses segment is expected to record the highest CAGR of over 10.0% from 2024 to 2030. The growing production of temperature-sensitive drugs, including biologics and vaccines, is bolstering the demand for reliable cold storage solutions.
• The brick-and-mortar segment accounted for the largest revenue share in 2023 owing to high consumer preference for physical stores owing to several advantages associated with them.
• The e-commerce segment is expected to record the fastest CAGR from 2024 to 2030 owing to increasing purchases of eyewear products through online shopping due to greater convenience and accessibility.
• The female segment accounted for the largest revenue share in 2023 as women are increasingly embracing eyewear as a fashion accessory, with a wide range of styles and designs available to suit various preferences. Besides, the increasing participation of women in the workforce and their active lifestyles has created a need for eyewear that complements their daily activities and professional image.
• The availability of fashionable and functional eyewear options, including contact lenses and prescription sunglasses, has further contributed to the segmental growth.
• The kids segment is expected to record the fastest CAGR from 2024 to 2030. Increasing awareness among parents about the importance of protecting children's eyesight from an early age has driven demand for eyewear in this segment.
• North America eyewear market accounted for the largest revenue share of around 32.0% in 2023. The availability of a wide range of stylish and affordable eyewear options, including designer brands and private label products, has made eyewear more accessible to consumers.
• The U.S eyewear market is anticipated to grow at a CAGR of over 7% from 2024 to 2030. The growing popularity of contact lenses and the increasing availability of online eyewear retailers are contributing to the market growth.
• The eyewear market in Asia Pacific is expected to record the highest growth rate of over 7.0% from 2024 to 2030. The large and growing population, coupled with rising disposable incomes, has led to increased demand for eyewear products in the region.
• India eyewear market is poised for notable growth in the coming years on account of growing population, increasing awareness about vision care, and lifestyle changes.
• Japan eyewear market is expected to witness a significant growth rate from 2024 to 2030, with rising product demand driven by increasing prevalence of eye conditions.
• The Europe eyewear market is accounted for a significant revenue share of in 2023 and is expected to witness a notable growth over the coming years.
• UK eyewear market accounted for a sizeable revenue share in 2023 owing to various factors such as a growing aging population, a rise in demand for corrective lenses, and a growing awareness of eye health, which has led to a rise in preventive eyewear purchases.
• The eyewear market in the Middle East and Africa (MEA) is estimated to register a notable CAGR from 2024 to 2030.
• Saudi Arabia eyewear market accounted for a notable revenue share in 2023 owing to increasing prevalence of vision disorders such as myopia, hyperopia, and astigmatism, as well as the growing demand for fashionable and stylish eyewear among consumers.

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Eyewear Market Segmentation

This report forecasts and estimates volume & revenue growth at the global, regional, and country levels and analyzes the latest market trends and opportunities in each one of the sub-segments from 2018 to 2030. For this study, Grand View Research has further segmented the global eyewear market report based on product, distribution channel, end use, and region.

Product Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

• Contact Lenses
  • Premium Contact Lenses
  • Mass Contact Lenses
• Prescription (RX) Glasses
  • Prescription Glasses, by Frame
    • Frame Type
    • Frame Style
    • Frame Material
  • Prescription Glasses, by Lens
• Sunglasses
  • Sunglasses, by Frame
    • Frame Type
    • Frame Style
    • Frame Material
  • Sunglasses, by Lens
    • Lens Type
    • Lens Material

Distribution Channel Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

• E-Commerce
• Brick & Mortar

End Use Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

• Male
• Female
• Unisex
• Kids

Regional Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa (MEA)

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