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Eyewear Market to Grow by USD 76 Bn, Apparel, Accessories & Luxury Goods Industry Considered as Parent Market - Technavio

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.

Technavio has announced its latest market research report titled Global Eyewear Market 2023-2027

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.

The report offers an up-to-date analysis regarding the overall market environment, the current market scenario, and the latest trends and drivers. Request Latest FREE PDF Sample Report

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
    • Offline
    • Online

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 
    • Europe
    • North America
    • APAC
    • South America
    • The Middle East and Africa

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.

To gain further insights on the market contribution of various segments Request a PDF Sample

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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Activewear Apparel Market by Distribution Channel and Geography - Forecast Analysis 2022-2026: The activewear apparel market share is expected to increase by USD 211.08 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.24%. The market is segmented by distribution channel (offline and online) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).

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
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global eyewear market 2017 - 2021 
    • Exhibit 18: Historic Market Size – Data Table on Global eyewear market 2017 - 2021 ($ billion)
  • 4.2 Distribution Channel Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)
  • 4.3 Product Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 23: Five forces analysis - Comparison between2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

  • 6.1 Market segments
    • Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)
  • 6.2 Comparison by Distribution Channel 
    • Exhibit 32: Chart on Comparison by Distribution Channel
    • Exhibit 33: Data Table on Comparison by Distribution Channel
  • 6.3 Offline - Market size and forecast 2022-2027 
    • Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)
  • 6.4 Online - Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Distribution Channel 
    • Exhibit 42: Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Product

  • 7.1 Market segments
    • Exhibit 43: Chart on Product - Market share 2022-2027 (%)
    • Exhibit 44: Data Table on Product - Market share 2022-2027 (%)
  • 7.2 Comparison by Product 
    • Exhibit 45: Chart on Comparison by Product
    • Exhibit 46: Data Table on Comparison by Product
  • 7.3 Eyeglass - Market size and forecast 2022-2027 
    • Exhibit 47: Chart on Eyeglass - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 48: Data Table on Eyeglass - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 49: Chart on Eyeglass - Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Eyeglass - Year-over-year growth 2022-2027 (%)
  • 7.4 Sunglass - Market size and forecast 2022-2027 
    • Exhibit 51: Chart on Sunglass - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 52: Data Table on Sunglass - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 53: Chart on Sunglass - Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Sunglass - Year-over-year growth 2022-2027 (%)
  • 7.5 Contact lenses - Market size and forecast 2022-2027 
    • Exhibit 55: Chart on Contact lenses - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 56: Data Table on Contact lenses - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 57: Chart on Contact lenses - Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Contact lenses - Year-over-year growth 2022-2027 (%)
  • 7.6 Market opportunity by Product 
    • Exhibit 59: Market opportunity by Product ($ billion)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 63: Chart on Geographic comparison
    • Exhibit 64: Data Table on Geographic comparison
  • 9.3 Europe - Market size and forecast 2022-2027 
    • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.4 North America - Market size and forecast 2022-2027 
    • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.5 APAC - Market size and forecast 2022-2027 
    • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027 
    • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 US - Market size and forecast 2022-2027 
    • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.9 China - Market size and forecast 2022-2027 
    • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.10 Italy - Market size and forecast 2022-2027 
    • Exhibit 93: Chart on Italy - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 94: Data Table on Italy - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 95: Chart on Italy - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on Italy - Year-over-year growth 2022-2027 (%)
  • 9.11 Germany - Market size and forecast 2022-2027 
    • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.12 Canada - Market size and forecast 2022-2027 
    • Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 105: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape
    • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption
    • Exhibit 108: Overview on factors of disruption
  • 11.4 Industry risks
    • Exhibit 109: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered
    • Exhibit 110: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 111: Matrix on vendor position and classification
  • 12.3 Alcon Inc.
    • Exhibit 112: Alcon Inc. - Overview
    • Exhibit 113: Alcon Inc. - Business segments
    • Exhibit 114: Alcon Inc. - Key offerings
    • Exhibit 115: Alcon Inc. - Segment focus
  • 12.4 Bausch Health Co. Inc. 
    • Exhibit 116: Bausch Health Co. Inc. - Overview
    • Exhibit 117: Bausch Health Co. Inc. - Business segments
    • Exhibit 118: Bausch Health Co. Inc. - Key news
    • Exhibit 119: Bausch Health Co. Inc. - Key offerings
    • Exhibit 120: Bausch Health Co. Inc. - Segment focus
  • 12.5 Carl Zeiss AG
    • Exhibit 121: Carl Zeiss AG - Overview
    • Exhibit 122: Carl Zeiss AG - Business segments
    • Exhibit 123: Carl Zeiss AG - Key offerings
    • Exhibit 124: Carl Zeiss AG - Segment focus
  • 12.6 Charmant Inc.
    • Exhibit 125: Charmant Inc. - Overview
    • Exhibit 126: Charmant Inc. - Product / Service
    • Exhibit 127: Charmant Inc. - Key offerings
  • 12.7 De Rigo Vision Spa
    • Exhibit 128: De Rigo Vision Spa - Overview
    • Exhibit 129: De Rigo Vision Spa - Product / Service
    • Exhibit 130: De Rigo Vision Spa - Key offerings
  • 12.8 EssilorLuxottica SA
    • Exhibit 131: EssilorLuxottica SA - Overview
    • Exhibit 132: EssilorLuxottica SA - Business segments
    • Exhibit 133: EssilorLuxottica SA - Key offerings
    • Exhibit 134: EssilorLuxottica SA - Segment focus
  • 12.9 Fielmann AG
    • Exhibit 135: Fielmann AG - Overview
    • Exhibit 136: Fielmann AG - Business segments
    • Exhibit 137: Fielmann AG - Key news
    • Exhibit 138: Fielmann AG - Key offerings
    • Exhibit 139: Fielmann AG - Segment focus
  • 12.10 HOYA Corp.
    • Exhibit 140: HOYA Corp. - Overview
    • Exhibit 141: HOYA Corp. - Business segments
    • Exhibit 142: HOYA Corp. - Key offerings
    • Exhibit 143: HOYA Corp. - Segment focus
  • 12.11 Kering SA
    • Exhibit 144: Kering SA - Overview
    • Exhibit 145: Kering SA - Business segments
    • Exhibit 146: Kering SA - Key offerings
    • Exhibit 147: Kering SA - Segment focus
  • 12.12 Le petit fils de L.U. Chopard and Cie SA 
    • Exhibit 148: Le petit fils de L.U. Chopard and Cie SA - Overview
    • Exhibit 149: Le petit fils de L.U. Chopard and Cie SA - Product / Service
    • Exhibit 150: Le petit fils de L.U. Chopard and Cie SA - Key offerings
  • 12.13 Marcolin Spa
    • Exhibit 151: Marcolin Spa - Overview
    • Exhibit 152: Marcolin Spa - Business segments
    • Exhibit 153: Marcolin Spa - Key offerings
    • Exhibit 154: Marcolin Spa - Segment focus
  • 12.14 Safilo Group Spa
    • Exhibit 155: Safilo Group Spa - Overview
    • Exhibit 156: Safilo Group Spa - Business segments
    • Exhibit 157: Safilo Group Spa - Key offerings
    • Exhibit 158: Safilo Group Spa - Segment focus
  • 12.15 TEK Optical Inc.
    • Exhibit 159: TEK Optical Inc. - Overview
    • Exhibit 160: TEK Optical Inc. - Product / Service
    • Exhibit 161: TEK Optical Inc. - Key offerings
  • 12.16 The Cooper Companies Inc. 
    • Exhibit 162: The Cooper Companies Inc. - Overview
    • Exhibit 163: The Cooper Companies Inc. - Business segments
    • Exhibit 164: The Cooper Companies Inc. - Key offerings
    • Exhibit 165: The Cooper Companies Inc. - Segment focus
  • 12.17 Vision Express UK Ltd. 
    • Exhibit 166: Vision Express UK Ltd. - Overview
    • Exhibit 167: Vision Express UK Ltd. - Product / Service
    • Exhibit 168: Vision Express UK Ltd. - Key offerings

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 169: Inclusions checklist
    • Exhibit 170: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 171: Currency conversion rates for US$
  • 13.4 Research methodology
    • Exhibit 172: Research methodology
    • Exhibit 173: Validation techniques employed for market sizing
    • Exhibit 174: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 175: 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.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Global Eyewear Market 2023-2027

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