According to Cognitive Market Research, The global Luxury Eyeglasses Market is Growing at a Compound Annual Growth Rate (CAGR) of 5.0% from 2023 to 2030.

The demand for luxury eyeglasses is rising due to growing fashion and style trends.
Demand for PCB Drills type Luxury Eyeglasses Market remains higher in the Luxury Eyeglasses Market.
The Computer application held the highest Portable Beach umbrella market revenue share in 2023.
North America's luxury eyeglass market will continue to lead, whereas the Asia Pacific luxury eyeglass market will experience the most substantial growth until 2030.

Growing Fashion and Style Trends to Provide Viable Market Output

The growing emphasis on fashion and style trends is a key driver propelling the luxury eyeglasses market. Eyeglasses are increasingly viewed as a fashion accessory, with consumers seeking frames that complement their style. Luxury eyeglass brands respond to this demand by offering innovative designs, premium materials, and collaborations with fashion influencers and designers. The evolving landscape of eyewear as a statement piece aligns with consumer preferences for sophistication and individual expression. As eyeglasses become integral to one's overall fashion ensemble, the market continues to grow as consumers prioritize both functionality and style in their eyewear choices.

In September 2021, Ray-Ban, a part of Luxottica Group, introduced its newest line of smart glasses designed to assist users in capturing images and videos, sharing experiences, listening to music, and making phone calls through Ray-Ban Stories. Initially, these smart glasses were accessible for purchase online in the United States, Australia, Canada, Ireland, Italy, and the United Kingdom. The pricing starts at USD 299 and offers a choice of 20 different style combinations.

(Source:about.fb.com/news/2023/09/new-ray-ban-meta-smart-glasses/)

Growing Disposable Income to Propel Market Growth

The growth of disposable income is a pivotal driver propelling the Luxury Eyeglasses Market. As consumer incomes rise, there is an increased capacity and willingness to invest in high-end eyewear. Luxury eyeglasses, often perceived as status symbols and fashion statements, become more accessible to a broader consumer base with higher disposable income. This demographic shift leads to an expanding market as consumers seek eyewear options that offer not only vision correction but also embody exclusivity, superior craftsmanship, and brand prestige. The correlation between growing disposable income and increased demand for luxury eyeglasses fuels market expansion.

According to data from the National Statistical Office of Thailand, around 1.5 million Thai adults aged between 25 and 44 engaged in regular exercise and sports activities in the year 2021

Market Dynamics of Luxury Eyeglasses

Increasing Economic Uncertainties to Restrict Market Growth

Increasing economic uncertainties present a challenge to the luxury eyeglasses market. During economic downturns, consumers tend to curtail discretionary spending, impacting the demand for high-end eyewear. Luxury eyeglasses, being non-essential items, are particularly sensitive to fluctuations in consumer confidence and purchasing power. Reduced consumer spending on non-essential luxury items affects sales and revenue for luxury eyeglass brands. The market must navigate these uncertainties by implementing strategic pricing, marketing, and brand positioning strategies to maintain desirability and appeal even in challenging economic conditions, ensuring sustained consumer interest and loyalty amid economic uncertainties.

Impact of COVID–19 on the Luxury Eyeglasses Market

The COVID-19 pandemic has impacted the luxury eyeglasses market, causing disruptions in production, supply chains, and retail operations. Lockdowns and economic uncertainties led to reduced consumer spending on non-essential items, impacting sales. However, as restrictions eased, there has been a gradual recovery driven by pent-up demand, increased focus on personal style in virtual interactions, and a growing awareness of eye health. The market has also adapted with increased online sales channels and virtual try-on experiences, catering to changing consumer preferences in the post-pandemic landscape. Introduction of Luxury Eyeglasses

The market for luxury eyeglasses is the segment of the eyewear business that ...

The Eyewear Market Report is Segmented by Product Type (Spectacles, Sunglasses, Contact Lenses, and Other Product Types), End User (Men, Women, and Unisex), Distribution Channel (Offline Channel and Online Channel), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

The eyewear market is set to grow from USD 188.47 billion in 2025 to USD 324.5 billion by 2035 is set to witness 5.58% CAGR during the forecast period.

Metrics	Values
Industry Size (2025E)	USD 188.47 billion
Industry Value (2035F)	USD 324.5 billion
CAGR (2025 to 2035)	5.58%

Per Capita Spending by Top Countries

Countries	Estimated Per Capita Spending (USD)
USA	245.30
China	190.40
India	65.70
Germany	215.60
UK	198.50

Country-wise Outlook

Countries	CAGR (2025 to 2035)
USA	5.6%
UK	5.2%
Germany	5.8%
India	6.7%
China	7%

Competitive Landscape

Company Name	Estimated Share (%)
EssilorLuxottica	15-20%
Johnson & Johnson Vision Care	10-15%
Bausch & Lomb Incorporated	8-12%
Carl Zeiss AG	6-10%
Hoya Corporation	5-8%
Other Companies (combined)	40-50%

In 2024, the larget segment in the U.S. eyewear market was spectacle lenses. The revenue generated from spectacle lenses in the United States amounted to approximately 13.75 billion U.S. dollars. This was expected to rise to roughly 15.55 billion U.S. dollars by 2029.

According to Cognitive Market Research, the global Eyewear market size is USD 185484.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.00 % from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 74193.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 55645.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 42661.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 9274.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 3709.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7 % from 2024 to 2031.
The Load based ASRS held the highest Eyewear market revenue share in 2024.

Market Dynamics of Eyewear Market

Key Drivers for Eyewear Market

Rising Demand for Corrective Eyewear to Increase the Demand Globally

The call for corrective eyewear is at an upward push because of several elements. A growing older populace reviews natural declines in eyesight, necessitating eyeglasses and making contact with lenses. Additionally, elevated screen time from virtual gadgets traces our eyes, similarly riding the need for corrective lenses. Moreover, developing awareness of eye fitness, propelled by public fitness campaigns and improved entry into statistics, underscores the significance of proactive eye care, fueling demand for corrective eyewear. These converging tendencies are reshaping the eyewear enterprise, emphasizing the crucial role of vision correction in maintaining basic health and well-being.

Focus on Fashion and Aesthetics to Propel Market Growth

Eyewear has transcended its conventional role as a mere medical necessity; it is now an effective fashion accent. Consumers are passionately embracing stylish and latest frames that mirror their specific personalities and style sensibilities. This shift towards style-forward eyewear has ignited a surge in demand for fashion designer brands, as people are searching to make an announcement with their eyeglasses and sun shades. Eyewear collections are constantly evolving to cater to this call, with common updates introducing new designs and patterns. From ambitious and colorful frames to diffused and complex ones, eyewear has become a canvas for self-expression, fueling a dynamic and ever-developing market on the intersection of fashion and functionality.

Restraint Factor for the Eyewear Market

High Cost to Limit the Sales

The accessibility of splendid eyeglasses and contact lenses is hindered by the aid of their regularly steep price tags, mainly for merchandise boasting superior capabilities. This monetary barrier disproportionately impacts consumers in developing economies, where affordability is a large difficulty. The excessive value of these vision correction devices can deter people from looking for crucial eye care and obtaining essential corrective solutions. Consequently, this disparity in accessibility perpetuates inequalities in visible health consequences, with those unable to have enough money to rate eyewear, dealing with extra demanding situations and keeping the most efficient, imaginative, and prescient. Bridging this hole in affordability through modern pricing strategies, subsidies, or extended access to low-priced eyewear options is important to ensure equitable access to vision correction technology and enhance ordinary eye health globally.

Impact of Covid-19 on the Eyewear Market

The eyewear market has confronted challenges of a good size because of the COVID-19 pandemic. Lockdowns and social distancing measures caused brief closures of optical shops and disrupted supply chains, impacting both production and distribution. Additionally, decreased client spending and monetary uncertainty ended in a decline in demand for non-critical gadgets like style eyewear. However, the pandemic additionally accelerated tendencies along with far-flung paintings and online buying, prompting a boom in sales of blue light-blockading glasses and pres...

The global eyewear market size reached USD 169.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 285.9 Billion by 2033, exhibiting a growth rate (CAGR) of 6% during 2025-2033. The market is experiencing robust growth driven by factors such as the rising prevalence of visual impairments, emerging influence of fashion and lifestyle trends, rapid technological advancements in eyewear products, increasing awareness and accessibility of eye care services, and the growing disposable incomes of consumers.

From the selected regions, the ranking by revenue in the eyewear market is led by the United States with 33.8 billion U.S. dollars and is followed by China (15 billion U.S. dollars). In contrast, the ranking is trailed by South Korea with 2.5 billion U.S. dollars, recording a difference of 31.3 billion U.S. dollars to the United States. Find other insights concerning similar markets and segments, such as a ranking by country regarding per capita sales volume in the spectacle lenses segment of the eyewear market and a ranking by country regarding per capita sales volume in the eyewear frames segment of the eyewear market. The Statista Market Insights cover a broad range of additional markets.

According to Cognitive Market Research, the global prescription glasses market size will be USD 45.9 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030. Prescription sunglasses offer significant advantages by shielding the eyes from harmful UV rays, which can lead to lasting eye damage. With their diverse shapes and coatings, these glasses help address the problem of directing light onto the retina, resulting in enhanced vision. The increasing acceptance and utilization of eyewear products, such as prescription eyewear, contribute to the market's growth.

The demand for the prescription glasses market is rising due to increasing acceptance and utilization of eyewear products, such as prescription eyewear, which contributes to the market's growth.
The hospital's category held the highest prescription glasses market revenue share in 2023.

Market Dynamics of Prescription Glasses Market

Key Drivers of Prescription Glasses Market

Growing Aging Population and Vision Disorders to Provide Viable Market Output

The prescription glasses market is the increasing aging population worldwide. As individuals age, the prevalence of vision disorders, particularly presbyopia and age-related macular degeneration, tends to rise. Presbyopia, a natural age-related condition, results in a gradual loss of the eye's ability to focus on nearby objects, necessitating the use of reading glasses or bifocal lenses. Age-related macular degeneration can lead to central vision loss, often requiring specialized eyewear.

Cooper Vision has introduced the Beyond the Limbus Master training program for individuals fitting scleral lenses. This series offers advanced training for those with intermediate and advanced proficiency in scleral lens fitting while also providing basic training for support staff and eye care professionals.

This demographic shift has led to rising demand for prescription glasses as older adults seek corrective eyewear to maintain their quality of life and independence. Eyewear manufacturers and retailers are expanding their product offerings to cater to the unique needs of this demographic, such as offering progressive lenses, anti-reflective coatings, and stylish frames that appeal to older consumers. Additionally, advancements in lens technology, such as digital lenses that provide clearer and wider vision zones, are further driving market growth.

Increasing Screen Time and Digital Eye Strain to Propel Market Growth

The modern lifestyle, characterized by prolonged screen time due to work, education, and leisure activities, has contributed significantly to the growth of the prescription glasses market. The excessive utilization of digital gadgets like computers, smartphones, and tablets can result in a condition called digital eye strain, which is also referred to as computer vision syndrome. Symptoms include dry eyes, headaches, blurred vision, and eye fatigue, which can necessitate the use of prescription glasses for both correction and relief. The prevalence of digital eye strain has prompted many individuals, including children and young adults, to seek prescription eyewear to alleviate discomfort and improve visual comfort during screen-related tasks.

Restraint Factors Of Prescription Glasses Market

Cost of Prescription Glasses to Hinder Market Growth

The prescription glasses market is the cost associated with purchasing prescription eyewear. High-quality prescription glasses, especially those with specialized coatings or features, can be relatively expensive. This cost includes not only the lenses but also the frames, lens coatings (such as anti-reflective and scratch-resistant coatings), and any additional features like progressive lenses for multifocal correction or specialized tints. For many consumers, especially those without insurance coverage for eyewear, the cost of prescription glasses can be a significant barrier to obtaining the vision correction they need.

How COVID–19 Impacted the Prescription Glasses Market?

The COVID-19 pandemic significantly impacted the prescription glasses market. Lockdowns, social distancing measures, and reduced in-store shopping led to a decline in the demand for eyewear, especially fashion-oriented frames. Optometrists' offices and eyeglass retailers faced disruptions, impacting the ability of consumers to get eye ex...

According to Cognitive Market Research, the global luxury eyewear market size will be USD 40.8 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 4.00% from 2023 to 2030.

The demand for Luxury Eyewear is raising awareness of eye health issues connected to ultraviolet A (UVA) & ultraviolet B (UVB) radiation damage.
Demand for premium frames and sunglasses in the Luxury Eyewear market.
The eyeglasses and UV Protection category held the highest Luxury Eyewear market revenue share in 2023.
North America will continue to lead, whereas the European Luxury Eyewear market will experience the most substantial growth until 2030. 

Increasing Demand from Eyewear Connoisseur to Provide Viable Market Output

The global luxury eyewear market is experiencing substantial growth, driven by a rising demand from discerning eyewear enthusiasts. As consumers increasingly prioritize premium materials, exclusive designs, and brand prestige, luxury eyewear gains traction. The allure of high-quality craftsmanship and unique styles fuels this demand, emphasizing a shift from functional eyewear to fashionable accessories. With luxury eyewear becoming a status symbol, global market dynamics respond to the growing aspirations of consumers seeking distinctive and prestigious eyewear options. This trend underscores the viability of the luxury eyewear market as manufacturers continue to meet the desires of a discerning clientele seeking both aesthetic appeal and exceptional quality.

For instance, in January 2018, according to the World Bank's wealth report, global wealth grew to USD 1,143 trillion from USD 690 trillion in 2014.

(Source:sdg.iisd.org/news/world-bank-report-links-wealth-to-natural-resource-management/)

Growing Eye Health Awareness to Propel Market Growth

The global luxury eyewear market is experiencing growth, driven by a heightened awareness of eye health. Increasing consciousness about vision protection and fashion aesthetics fuels demand for premium eyewear. Consumers now view luxury eyewear as both a style statement and a means of safeguarding eye health. This dual-purpose appeal propels market growth, with luxury brands emphasizing innovation and quality. As the importance of eye health gains prominence globally, the luxury eyewear market is positioned for sustained expansion, offering consumers a blend of fashion-forward designs and advanced eye protection. This trend underscores the market's responsiveness to evolving consumer priorities and the growing convergence of style and wellness.

For instance, Belgium has about 1.07% HNWI from a total population of 11.4 million in 2018. The HNWI population in the country grew by 7.09% from 2016 to 2018.

(Source:en.wikipedia.org/wiki/High-net-worth_individual)

Market Dynamics of Luxury Eyewear

Growing popularity of Eye Corrective Surgeries to Restrict Market Growth

The global luxury eyewear market faces a potential constraint in the growing popularity of eye corrective surgeries, limiting market growth. Increasing awareness and advancements in ophthalmic procedures have led to a shift in consumer preferences toward long-term solutions for vision correction. As individuals opt for surgeries like LASIK or implantable lenses, the demand for luxury eyewear as a fashion accessory may face challenges. Manufacturers and retailers in the luxury eyewear segment may need to adapt their strategies to cater to evolving consumer needs, emphasizing both fashion appeal and technological innovations to remain competitive in the changing landscape influenced by the rising popularity of eye corrective surgeries.

Impact of COVID–19 on the Luxury Eyewear Market

The global luxury eyewear market experienced notable COVID-19 impacts. Pandemic-related lockdowns and economic uncertainties led to a temporary decline in consumer spending on non-essential items, impacting the luxury eyewear sector. However, as economies recover and consumers prioritize personal indulgences, the market is witnessing a resurgence. The emphasis on online retail channels has grown, facilitating the industry's rebound. Additionally, the trend of remote work has spurred demand for fashionable eyewear. With an increased focus on health and style, the luxury eyewear market is adapting to post-pandemic realities, presenting opportunities for innovation and growth in a changing consumer landscape. Introduction of Luxur...

The market size of the Eyeglasses Frames Market is categorized based on Application (Metal frames, Plastic frames, Rimless frames, Semi-rimless frames) and Product (Prescription eyewear, Fashion eyewear, Protective eyewear, Reading glasses) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

This report provides insights into the market size and forecasts the value of the market, expressed in USD million, across these defined segments.

The Optical Retail Chain Market Report Forecast is Segmented by Product (Spectacles, Sunglasses, and Contact Lenses), Gender (Men, Women, and Unisex), Distribution Channel (Offline Online), and Geography (Asia-Pacific, North America, Europe, South America, and the Middle East & Africa). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

The global eyewear market, which is made up of spectacles, contact lenses, sunglasses, and other eyewear products, was estimated to be worth around 170 billion U.S. dollars in 2022 and was forecast to reach a value of roughly 323.8 billion U.S. dollars by 2030.

What type of products make up the eyewear market? The eyewear market is typically broken down into four main categories: prescription (Rx) eyeglasses, non-prescription (plano) sunglasses, over-the-counter (OTC) readers, and contact lenses. In the United States, the revenue of spectacles has been considerably higher than that of sunglasses or contact lenses over the last few years. This trend is forecast to continue.

Eyewear in the United States The United States was the leading eyewear market in the world as of 2021. Eyewear revenues in the United States were more than double the size of those in China, which was the next biggest market. Vision Source and Luxottica were the leading optical retailers in the United States in 2021. Luxottica is not only one of the largest eyewear companies in the United States, but worldwide. The eyewear brands Ray-Ban, Persol, and Oakley are part of Luxottica’s brand portfolio.

Prescription Sunglasses Market size was valued at USD 6428.94 Million in 2024 and is projected to reach USD 9688.28 Million by 2031, growing at a CAGR of 5.26% from 2024 to 2031.

Global Prescription Sunglasses Market drivers

Growing Concern for Eye Health: As prescription sunglasses provide both vision correction and sun protection, there is a growing demand for them as people realise how important it is to shield their eyes from damaging UV rays and glare.

Prevalence of Vision diseases: People who need prescription sunglasses for vision correction outdoors are more likely to have myopia, hyperopia, and astigmatism, which are all becoming more common vision diseases.

Fashion and Style Trends: As consumers look for fashionable eyewear solutions that not only correct eyesight but also suit their individual style and preferences, the convergence of fashion and functionality is driving demand for prescription sunglasses.

Sports & Outdoor Activities: Prescription sunglasses that give improved vision and eye protection are in high demand because to the increasing popularity of outdoor activities like hiking, cycling, skiing, and water sports. These sunglasses are made specifically for sports and outdoor surroundings.

Population Ageing: The demand for prescription sunglasses is driven by the ageing population, especially in industrialised nations where older persons are more likely to experience age-related vision issues and need vision correction for activities like driving and outdoor leisure.

Technological Progress: Continuous developments in lens compositions, coatings, and production techniques enhance the functionality, robustness, and design of prescription sunglasses, spurring demand and creativity.

Growing Disposable Income: As disposable income rises, especially in emerging nations, more people will be able to purchase high-end prescription sunglasses with cutting-edge features like anti-reflective coatings, photochromic lenses, and polarised lenses.

Customisation and Personalisation: Prescription sunglasses made to fit specific prescription needs, face shapes, and lifestyle preferences are becoming more and more popular as a result of the growing desire for personalised and customised eyewear solutions.

Healthcare Reimbursement Policies: By lessening the financial burden on consumers and promoting routine eye care, reimbursement policies and healthcare benefits that cover prescription eyewear expenses in some regions boost market growth.

The expansion of e-commerce platforms and direct-to-consumer channels makes a large selection of prescription sunglasses easily accessible, which promotes market penetration and consumer choice.

The average volume per capita ranking in the eyewear market is led by Austria with 7.88 pieces, while Hungary is following with 5.79 pieces. In contrast, Bulgaria is at the bottom of the ranking with 1.03 pieces, showing a difference of 6.85 pieces to Austria. Find other insights concerning similar markets and segments, such as a ranking by country regarding per capita sales volume in the spectacle lenses segment of the eyewear market and a ranking by country regarding revenue in the contact lenses segment of the eyewear market. The Statista Market Insights cover a broad range of additional markets.

Recent research conducted by Future Market Insights indicates that the global kids’ eyewear market is poised to reach a valuation of US$ 37.7 billion by 2024. Projections further suggest a subsequent surge to US$ 77.0 billion by 2034, showcasing a consistent growth trajectory. This anticipated expansion reflects a CAGR of 7.4% during the forecast period.

Attributes	Key Insights
Kids’ Eyewear Market Estimated Size in 2024	US$ 37.7 billion
Projected Market Value in 2034	US$ 77.0 billion
Value-based CAGR from 2024 to 2034	7.4%

Country-wise Insights

Country	The United States
CAGR through 2034	3.7%

Country	Germany
CAGR through 2034	4.1%

Country	China
CAGR through 2034	9.5%

Country	Japan
CAGR through 2034	9.9%

Country	India
CAGR through 2034	10.3%

Category-wise Insights

Category	Shares in 2024
Prescription	63.0%
Plastic	53.0%

The global eye glasses market is set to witness a growth rate of 7% in the next 5 years. Increase in refractive errors and vision disorders, aging population and increased demand for prescription glasses, rise in number of eye disorders in the younger generation, technological advancements in lens and frame designs, growing adoption of fashion […]

The market size of the Eyeglasses Market is categorized based on Application (Young Adults, Adults, Mature Adults, Seniors) and Product (Prescription Eyeglasses, Sunglasses, Contact Lenses) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

This report provides insights into the market size and forecasts the value of the market, expressed in USD million, across these defined segments.

Japan eyewear market size reached USD 7.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 15.8 Billion by 2033, exhibiting a growth rate (CAGR) of 7.7% during 2025-2033. The rising prevalence of prolonged use of digital devices like smartphones, tablets, and computers, leading to an increase in eye strain and digital eye fatigue, is primarily driving the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 7.6 Billion
Market Forecast in 2033	USD 15.8 Billion
Market Growth Rate 2025-2033	7.7%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on product, gender, and distribution channel.

The report covers Global Military Protection Glasses Industry Demand and is segmented by Product Type (Spectacles, Welding Protection Glasses, Overspecs, and Goggles) End-User Industry (Automotive, Construction, Food Industry, Pharmaceutical, Mining, Oil and Gas, and Other End-user Industries) and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa).

The global revenue in the eyewear market was forecast to continuously increase between 2024 and 2029 by in total 26.5 billion U.S. dollars (+18.12 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 172.73 billion U.S. dollars and therefore a new peak in 2029. Find further information concerning the revenue in the eyewear market in the United Kingdom and the revenue in the eyewear market in Bolivia. The Statista Market Insights cover a broad range of additional markets.