Global Eyewear Market Size & Outlook, 2023-2030
Global eyewear market, 2018-2030 (US$M)
Related Markets
Global eyewear market highlights
- The global eyewear market generated a revenue of USD 183,359.0 million in 2023 and is expected to reach USD 323,765.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.5% by 2030.
- In terms of segment, spectacles accounted for a revenue of USD 133,451.0 million in 2023.
- Sunglasses is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 183,359.0 million |
| Market revenue in 2030 | USD 323,765.4 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Spectacles |
| Fastest growing segment | Sunglasses |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Contact Lenses, Spectacles, Sunglasses |
Other key industry trends
- In terms of revenue, the North America accounted for 33.7% of the global eyewear market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Italy is the fastest growing regional market and is projected to reach USD 8,289.1 million by 2030.
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Eyewear Market Scope
Eyewear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global eyewear market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to eyewear market will help companies and investors design strategic landscapes.
Spectacles was the largest segment with a revenue share of 72.78% in 2023. Horizon Databook has segmented the Global eyewear market based on contact lenses, spectacles, sunglasses covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Global eyewear market databook
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Our clientele includes a mix of eyewear market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global eyewear market, including forecasts for subscribers. This global databook contains high-level insights into Global eyewear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global eyewear industry size, by regions, 2018-2030 (US$M)
Top 10 countries: Eyewear industry size, 2023 (US$M)
Global eyewear industry share, by product, 2023 & 2030 (%, US$M)
Eyewear market: Opportunity assessment by country
Global eyewear market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 45,147.1 | 47,585.1 | 50,520.7 | 53,941.1 | 57,478.1 | 61,847.0 | 67,413.7 | 73,030.7 | 79,348.9 | 86,414.4 | 94,335.4 | 101,492.3 | 106,939.7 | 8.1% |
| Europe | 50,699.8 | 53,078.3 | 55,969.2 | 59,346.3 | 62,796.1 | 67,091.1 | 72,605.5 | 78,083.8 | 84,214.8 | 91,029.4 | 98,622.1 | 105,291.0 | 110,080.2 | 7.3% |
| Asia Pacific | 27,961.4 | 30,226.9 | 32,898.6 | 35,992.5 | 39,281.5 | 43,272.7 | 48,270.0 | 53,493.4 | 59,434.5 | 66,165.5 | 73,810.5 | 81,120.3 | 87,287.1 | 10.5% |
| Latin America | 4,326.1 | 4,614.9 | 4,958.5 | 5,357.6 | 5,776.7 | 6,289.2 | 6,935.8 | 7,601.5 | 8,355.0 | 9,204.1 | 10,163.1 | 11,059.1 | 11,785.1 | 9.4% |
| MEA | 3,759.0 | 3,917.8 | 4,112.3 | 4,340.1 | 4,570.4 | 4,859.0 | 5,231.9 | 5,597.6 | 6,005.2 | 6,455.8 | 6,955.2 | 7,382.9 | 7,673.3 | 6.7% |
| Overall | 131,893.3 | 139,423.0 | 148,459.3 | 158,977.5 | 169,902.7 | 183,359.0 | 200,457.0 | 217,807.0 | 237,358.3 | 259,269.2 | 283,886.3 | 306,345.6 | 323,765.4 | 8.5% |
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