Eyewear Market to Reflect Impressive Growth Rate Of $255.3 Billion By 2027

Eyewear Market to Reflect Impressive Growth
Rate Of $255.3 Billion By 2027
“The global eyewear market size is likely to account for USD 255.3 billion by 2027. It is
projected that the market would register over 8% CAGR from 2020 to 2027.”
Global Eyewear Market study includes In-depth Analysis of the market by latest technologies, trends, opportunities,
challenges, key players and business strategies considering types, segment, and future analysis. The Eyewear Market
Report Provides Growth History, Sales Channel, Manufacturers Profiled in Eyewear Business, Market Share of Product,
Application and Regional Scope of Eyewear which makes the research report a helpful resource for marketing people,
forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to
understand the present as well as future market size, situations in terms of growth rate and revenue. This report will
help the viewer in Better Decision Making.
The global eyewear market size is likely to account for USD 255.3 billion by 2027, according to a new report by Million
Insights. It is projected that the market would register over 8% CAGR from 2020 to 2027. With the increasing
penetration of smartphone, TV, laptop and other such devices, there has been a rise in cases of myopia, which, in turn,
has supplemented the market demand for eyewear.
Over the past few years, there has been significant development in eyewear products. Technological advancements
have led to the development of anti-fatigue lenses. Such lenses help users from radiation coming from digital devices
such as television, smartphone, laptop and others. In addition, the integration of ultraviolet rays blocking glasses has
further bolstered the product demand among consumers.
The market has witnessed increased competition from the entry of new players. New players are competing by bringing
new technologies in the market. Further, there has been a surge in the online sales of eyewear. Key players in the
market are focusing on strengthening their presence to target millennials customers.
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Asia Pacific led the market in 2019 owing to the increasing demand from China and India. China, in particular, accounts
for the significant share in APAC region. In addition, the demand for eyewear as a fashion statement has bolstered.
Working millennials are not shying away from trying fashionable and aesthetically appealing eyewear.
Further key findings from the report suggest:
• By product, the spectacle segment is likely to register significant growth owing to improvement in technology and their
durability.
• Over the next seven years, the bricks and mortar segment would continue to dominate the eyewear market.
• In 2019, Asia Pacific accounted for the highest share in the market owing to the rise in the number of eye-related
diseases in the region.
• Leading market participants are Safilo Group S.p.A., ESSILORLUXOTTICA, Carl Zeiss AG and CooperVision among others.
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Million Insights segmented the global eyewear market on the basis of product, distribution channel, and region:
Eyewear Product Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)
• Contact Lenses
• Premium Contact Lenses
• Mass Contact Lenses
• Spectacles
• Spectacle Frame
• Type

• Premium Spectacle Frame
• Mass Spectacle Frame
• Style
• Round
• Square
• Rectangle
• Oval
• Others
• Spectacle Lenses
• Sunglasses
• Lens Type
• Polarized Sunglasses
• Non-Polarized Sunglasses
• Lens Material
• CR-39
• Polycarbonate
• Polyurethane
• Others
Eyewear Distribution Channel Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)
• E-Commerce
• Brick & Mortar
Eyewear Regional Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.

• Asia Pacific
• China
• India
• Japan
• Vietnam
• South America
• Brazil
• MEA
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