Eyewear market projected to reach $368.45 billion by 2032, with prescription glasses dominating

From GlobeNewswire: 2025-02-20 09:20:00

The Eyewear Market was valued at USD 189.93 billion in 2023, projected to reach USD 368.45 billion by 2032, with a CAGR of 7.65%. Major players include Bausch + Lomb, Zeiss Group, and EssilorLuxottica. Prescription glasses dominate the market, but sunglasses are expected to grow, driven by UV protection and fashion trends. Brick & Mortar stores lead in distribution, but e-commerce is rapidly growing. The female segment leads in revenue, with children’s eyewear expected to grow. North America leads in market share, while the Asia Pacific region is experiencing the fastest growth. China and India are driving growth in the eyewear market due to rapid urbanization, increasing disposable income, and rising awareness of eye health. The demand for prescription and fashion eyewear is on the rise, fueled by the high incidence of myopia and the growing role of e-commerce in both countries.

SNS Insider offers an in-depth analysis and outlook report on the eyewear market from 2024 to 2032. The report covers key points such as market dynamics impact analysis, statistical insights, competitive landscape, regional analysis, and company profiles. Access the complete report for detailed information on the industry trends and market projections.

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