NEW YORK , Nov. 29, 2022 /PRNewswire/ — The global eyewear market has been categorized as a part of the global apparel, accessories, and luxury goods market. The parent market, the global eyewear, accessories, and luxury goods market, covers products and companies engaged in the manufacturing/marketing of apparel, accessories, and luxury goods. Technavio calculates the global apparel, accessories, and luxury goods market size based on the combined revenues generated by manufacturers/marketers of textiles, apparel, footwear, accessories, and luxury goods.
The eyewear market size is expected to grow by USD 76 billion from 2022 to 2027. In addition, the growth momentum of the market will accelerate at a CAGR of 7.9% during the forecast period, according to Technavio.
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Eyewear Market 2022-2026: Scope
The eyewear market report covers the following areas:
Eyewear Market Size
Eyewear Market Trends
Eyewear Market Industry Analysis
Eyewear Market 2022-2026: Vendor Landscape
The global eyewear market is fragmented due to the presence of a few international and many local players. The vendors in the market offer a wide range of brand and product portfolios. To combat the rising competition, vendors are investing aggressively in the development of technologically advanced sunglasses and in marketing campaigns and promotions to enhance brand image and build loyalty. They compete based on parameters such as product portfolio, premiumization, product differentiation, and pricing strategies. Vendors differentiate themselves based on quality, regulatory compliance, and innovations and offer services with different benefits. The moderate competition among vendors will lead to the introduction of many innovative products during the forecast period.
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, and Safilo Group Spa. are among some of the major market participants.
This report provides a full list of key vendors, their strategies, and the latest developments. Buy Full Report
Eyewear Market 2022-2026: Segmentation
Distribution channel
The eyewear market share growth in the offline segment will be significant during the forecast period. The segment comprises the sale of eyewear in retail stores such as specialty stores, malls, and branded stores. It is dominated by specialty stores, which specifically offer eyewear. The presence of various specialty stores, hypermarkets, and supermarkets in different regions that allow consumers to choose from a wide range of eyewear, depending on their price, quality, and other aspects is driving the growth of the segment.
Geography
31% of the market’s growth will originate from Europe during the forecast period. The growth of the regional market can be attributed to various factors such as rising household income, increasing demand for high-quality healthcare products, and product advancements by vendors. Improvements in the economy, increasing awareness about the necessity of eye examinations, and the rising adoption of eye tests are also contributing to the growth of the eyewear market in Europe.
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Eyewear Market 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist eyewear market growth during the next five years
Estimation of the eyewear market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the eyewear market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of the eyewear market vendors
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Eyewear Market Scope
Report Coverage
Details
Page number
161
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 7.9%
Market growth 2023-2027
USD 76 billion
Market structure
Fragmented
YoY growth (%)
7.0
Regional analysis
Europe, North America, APAC, South America, and Middle East and Africa
Performing market contribution
Europe at 31%
Key countries
US, Canada, China, Italy, and Germany
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
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, and Safilo Group Spa.
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents:
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global eyewear market 2017 – 2021
4.2 Distribution Channel Segment Analysis 2017 – 2021
4.3 Product Segment Analysis 2017 – 2021
4.4 Geography Segment Analysis 2017 – 2021
4.5 Country Segment Analysis 2017 – 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Distribution Channel
6.1 Market segments
6.2 Comparison by Distribution Channel
6.3 Offline – Market size and forecast 2022-2027
6.4 Online – Market size and forecast 2022-2027
6.5 Market opportunity by Distribution Channel
7 Market Segmentation by Product
7.1 Market segments
7.2 Comparison by Product
7.3 Eyeglass – Market size and forecast 2022-2027
7.4 Sunglass – Market size and forecast 2022-2027
7.5 Contact lenses – Market size and forecast 2022-2027
7.6 Market opportunity by Product
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 Europe – Market size and forecast 2022-2027
9.4 North America – Market size and forecast 2022-2027
9.5 APAC – Market size and forecast 2022-2027
9.6 South America – Market size and forecast 2022-2027
9.7 Middle East and Africa – Market size and forecast 2022-2027
9.8 US – Market size and forecast 2022-2027
9.9 China – Market size and forecast 2022-2027
9.10 Italy – Market size and forecast 2022-2027
9.11 Germany – Market size and forecast 2022-2027
9.12 Canada – Market size and forecast 2022-2027
9.13 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Alcon Inc.
12.4 Bausch Health Co. Inc.
12.5 Carl Zeiss AG
12.6 Charmant Inc.
12.7 De Rigo Vision Spa
12.8 EssilorLuxottica SA
12.9 Fielmann AG
12.10 HOYA Corp.
12.11 Kering SA
12.12 Le petit fils de L.U. Chopard and Cie SA
12.13 Marcolin Spa
12.14 Safilo Group Spa
12.15 TEK Optical Inc.
12.16 The Cooper Companies Inc.
12.17 Vision Express UK Ltd.
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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