Lucintel Forecasts Eyewear Market to Reach $196.5 Billion by 2028

Eyewear Market

Posted on 2023-05-16 by Lucintel in Marketing // 0 Comments

CITY, Country, 2023-May-16 — /EPR Network/ —

According to the recent study the eyewear market is projected to reach an estimated $196.5 billion by 2028 from $134.9 billion in 2023, at a CAGR of 6.4% from 2023 to 2028. Growth in this market is primarily driven by increases in vision impairments, growing geriatric population, and rising exposure of younger generation to smartphones and computer, leading to vision problems.

Browse 195 figures / charts and 153 tables in this 323 -page report to understand trends, opportunities and forecast in eyewear market by product type (spectacles, contact lenses, and sunglasses), distribution channel (offline and online), gender (men and women), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/eyewear-market.aspx

“Spectacles market is expected to remain the largest segment during the forecast period.”

Based on product type, the eyewear market is segmented into spectacles, contact lenses, and sunglasses. Lucintel forecasts that the spectacles market is expected to remain the largest segment due to increasing awareness regarding eye healthcare, and growing number of users of smartphones and computers. Lucintel predicts that the sunglasses segment is expected to witness the highest growth during the forecast period due to changing fashion trends and increasing awareness regarding harmful effects of UV rays on the eyes.

“Within the eyewear market, the offline channels segment is expected to remain the largest distribution channel”

Based on distribution channel the offline channels segment is expected to witness the highest growth over the forecast period due to increasing consumer preference towards after sales services and ease to make a choice of eyewear products.

“Asia pacific will dominate the eyewear market in near future”

APAC will remain the largest region and it is also expected to witness the highest growth over the forecast period due to growing awareness about eye healthcare, increase in population of vision deteriorates with ageing, and rising disposable incomes further accelerating the eyewear market growth in this region.

Download Brochure of this report by clicking on https://www.lucintel.com/eyewear-market.aspx

Major players of eyewear market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. EssilorLuxottica, Carl Zeiss, Johnson & Johnson, Bausch and Lomb, Marchon, Fielmann, Alcon Vision, Hoya, and Safilo are among the major eyewear providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/eyewear-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Matched content

Editor’s pick