Eyewear Market Forecast Report And Competitive Analysis 2025-2033 Featuring Burberry, Essilor Luxottica, Hoya, Carl Zeiss, Prada, Tesco, Louis Vuitton, And Cooper Vision

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, March 14, 2025 (GLOBE NEWSWIRE) -- The "Eyewear market Report Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to ResearchAndMarkets.com's offering.
The Eyewear market is expected to reach US$ 288.83 billion by 2033 from US$ 161.94 billion in 2024, with a CAGR of 6.64% from 2025 to 2033

The increasing prevalence of visual impairments, the growing influence of fashion and lifestyle trends, the quick technological advancements in eyewear products, the growing accessibility and awareness of eye care services, and the rising disposable incomes of consumers are all contributing to the market's robust growth.
Fashion trends, technology developments, and growing awareness of eye health have all contributed to the eyewear industry's recent notable expansion. Consumers are now looking for fashionable frames in addition to premium lenses, transforming eyewear from a practical requirement to a fashion statement. The need for eyewear solutions like blue light blocking lenses, which guard against the strain brought on by prolonged screen time, has also increased as the use of digital devices becomes more common. Additionally, the demand for prescription eyewear and lenses made to treat visual problems like presbyopia has increased as a result of the world's aging population.
The market has grown thanks to technological advancements including the creation of smart eyewear and lenses with improved functions like photochromic and anti-glare lenses. By giving customers more options and a more convenient purchasing experience, e-commerce platforms have significantly contributed to the market's transformation. Additionally, businesses are using eco-friendly materials and production methods in the production of eyewear, reflecting the increased emphasis on sustainability. Businesses are investing in personalization and customization possibilities in response to changing consumer preferences, meeting the demand for distinctive designs and customized goods. These elements are anticipated to fuel the eyeglass industry's sustained expansion in the upcoming years, along with further research and innovation.
Globally, there is a rise in knowledge of ocular illnesses in developing nations, which is predicted to boost the need for eyeglasses. One of the main factors affecting market trends is thought to be the growing number of people with eye illnesses. According to the International Myopia Institute's (2020) forecasts, there will be around 5.0 billion additional cases of myopia worldwide by 2050. For added aesthetic appeal, people in nations like China, South Korea, and Japan use colored contact lenses.
Additionally, it is projected that the growing availability of sunglasses and eyewear in both developed and developing countries through retail and online channels will accelerate market expansion over the course of the projection period. Higher-end sunglasses are becoming more and more popular in developing countries as people's disposable incomes rise. Global market growth is also anticipated to be driven by rising brand awareness.
Growth Drivers for the Eyewear Market

Increasing Impact of Lifestyle Shifts and Fashion
Due to shifting consumer views and the impact of fashion trends, eyewear is becoming more and more popular as a fashion accessory, which bodes well for market expansion. The market is expanding as a result of the growing cooperation between the fashion industry and eyewear producers, which has brought about a broad variety of patterns, colors, and styles. For example, in September 2023, German luxury fashion brand MCM and Italian eyeglass manufacturer Marcolin inked an exclusive license agreement for the design, manufacture, and worldwide distribution of the brand's eyewear. The eyewear market outlook is further positively impacted by these variables.
Innovations in Products
The market is expanding as a result of growing advancements in materials, design, and production techniques that have produced lighter, more comfortable, and long-lasting eyewear. Accordingly, the market is expanding due to the development of Trivex and polycarbonate lenses, which provide impact resistance, UV protection, and improved optical clarity. For example, the upscale Italian eyewear company KOO Eyewear debuted its Galaxy ALIBI capsule collection in May 2024 with the goal of assisting cyclists in reaching previously unheard-of performance levels. It protects against intense sunshine thanks to its richer color and Zeiss's high-performance cylindrical polycarbonate lens. The market share of eyeglasses is influenced by several factors.
The prevalence of eye disorders and visual impairments is rising
One of the main factors driving the market expansion is the increasing prevalence of eye illnesses and visual impairments worldwide. For example, a May 2024 article from the U.S. Centers for Disease Control and Prevention estimates that 12 million Americans aged 40 and older suffer from vision impairment. Additionally, almost 6.8% of American children under the age of 18 have a recognized eye or vision problem. The demand for eyewear is also being driven by the aging population and changes in lifestyle that result in greater screen time and exposure to elements that can impair eye health. In the upcoming years, these factors are anticipated to propel the growth of the eyewear industry.
Challenges in the Eyewear Market

Changing Consumer Preferences
Because of changing fashion trends and an increasing focus in practicality, consumer choices in the eyewear market are always changing. Businesses must be flexible and constantly adjust to the demands of consumers who are looking for distinctive designs, hues, and cutting-edge features like smart eyewear. To produce goods that satisfy a wide range of demands and tastes, a substantial investment in research, design, and technology is necessary. The difficulty is in striking a balance between short-term trends and long-term brand identity because what is trendy now could be outdated tomorrow. Furthermore, because fashion trends change quickly, it can be dangerous and resource-intensive for businesses to innovate. This is because they may have trouble accurately predicting demand, which could result in overstock or lost market opportunities.
Distribution and Supply Chain Issues
Distribution and supply chain management are major issues for the eyewear sector, especially when it comes to controlling inventory, delivery schedules, and material availability. For raw materials like acetate and premium lenses, many eyewear companies depend on an international supply chain, which leaves them open to delays or interruptions. Geopolitical concerns, labor shortages, and shipment delays are some of the things that can make this worse. Furthermore, it can be challenging to strike a balance between supply and demand, particularly in a market where trends change quickly. Production schedules, brand reputation, and customer happiness may all be impacted by these supply chain problems, which may result in longer lead times, stockouts, or decreased availability of popular models.

Key Attributes:

Report Attribute	Details
No. of Pages	200
Forecast Period	2024 - 2033
Estimated Market Value (USD) in 2024	$383.95 Billion
Forecasted Market Value (USD) by 2033	$566.67 Billion
Compound Annual Growth Rate	4.4%
Regions Covered	Global

Company Analysis: Overview, Recent Development & Strategies, Product Portfolio & Product Launch in Last 1 Year, Revenue

• Burberry Group
• Essilor Luxottica
• Hoya Corporation
• Carl Zeiss Group's
• Prada
• Tesco
• Louis Vuitton
• Cooper Vision

Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Eyewear Market
6. Market Share
6.1 Product
6.2 End User
6.3 Distribution Channel
6.4 By Country
7. Product
7.1 Spectacles
7.2 Sunglasses
7.3 Contact
8. End User
8.1 Men
8.2 Women
8.3 Children
9. Distribution Channel
9.1 Optical Stores
9.2 Independent Brand Showrooms
9.3 Online Stores
9.4 Retail Stores
10. By Country
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherlands
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 Australia
10.3.5 South Korea
10.3.6 Thailand
10.3.7 Malaysia
10.3.8 Indonesia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 South Africa
10.5.2 Saudi Arabia
10.5.3 UAE
11. Porter's Five Analysis
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13. Company Analysis

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