Future of Eyewear: Market Trends and Projections to 2031

1. Eyewear Market Growth: Global Forecast to 2031

2. eyewear market – 2024-2031 According to the latest report from Meticulous Research®, the global eyewear market is expected to reach $215.5 billion by 2031, growing at a CAGR of 4.2% from 2024 to 2031. This anticipated growth is largely driven by an increase in eye disorders and visual impairments, a rise in screen time, and growing awareness about eye safety. The market is also influenced by trends such as the demand for fashionable eyewear and advancements in prescription eyewear. The impact of social media on fashion, the expansion of e-commerce, and improved health insurance coverage for eye care services further support this growth. Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5901 Challenges such as the rising use of laser eye surgeries and the high cost of premium eyewear could limit market expansion. However, innovations in materials, coatings, and lens designs present significant opportunities. Issues related to the disposal of old eyewear and rapidly changing fashion trends are notable challenges. Key trends in the market include 3D-printed eyewear and glasses with fitness trackers and Bluetooth capabilities. However, challenges persist, notably the increasing adoption of vision correction methods such as laser eye surgery and the high costs associated with premium eyewear. These factors could impede market growth. Innovations in eyewear materials, coatings, and lens designs present opportunities for market expansion, but issues related to the disposal of old eyewear and fast-evolving fashion trends pose significant obstacles. Emerging trends such as 3D- printed eyewear, fitness-tracking frames, open-ear speakers, and Bluetooth-enabled glasses highlight the industry's dynamic nature. In 2024, spectacles are anticipated to dominate the eyewear market due to their widespread use in addressing vision disorders and adapting to changing consumer preferences. In 2024, the spectacles segment is expected to dominate the market due to its effectiveness in vision correction and consumer preferences for high-quality eyewear. This segment encompasses various types of spectacles, including prescription and non-prescription glasses, and different lens and frame styles. According to Statistics Netherlands, around 62% of the Dutch population aged four and older used glasses occasionally in 2022. Anti-reflective coatings are projected to lead the coating segment in 2024. These coatings provide several benefits, including enhanced vision clarity, reduced glare, and UV protection. They also offer additional lens protection by resisting scratches and smudges, thus extending the lifespan of the lenses. Plastic is forecasted to be the leading material in the eyewear market in 2024. Its popularity is due to the availability of durable, stylish plastic frames that are lightweight and break- resistant. Plastic frames are especially favored for sports and children's eyewear and come in a wide range of colors and styles. Browse in depth : https://www.meticulousresearch.com/product/eyewear-market-5901 Page 1 of 2 © Meticulous Research| sales@meticulousresearch.com

3. eyewear market – 2024-2031 The vision correction segment is anticipated to hold the largest market share in 2024. This is driven by the rising prevalence of vision issues like myopia, hyperopia, and astigmatism, along with an increase in daily screen time, which has risen by approximately 50 minutes per day since 2013. Asia-Pacific is expected to experience the highest growth rate among regions during the forecast period. This growth is supported by an aging population in countries such as China and India, the adoption of advanced eyewear products in emerging markets, and increased awareness about the benefits of eyewear. Additionally, rising disposable incomes and a trend towards fashion-conscious youth contribute to market growth in this region. The key players operating in the global eyewear market are Safilo Group SpA (Italy), EssilorLuxottica SA (France), Fielmann Group AG (Germany), Johnson & Johnson Vision Care, Inc. (U.S), Carl Zeiss AG (Germany), De Rigo Vision SpA (Italy), Hoya Corporation (Japan), Marchon Eyewear, Inc., Alcon Inc. (Switzerland), Appier Inc. (Tokyo), The Cooper Companies, Inc. (U.S.), and Warby Parker Inc. (U.S). Buy Now : https://www.meticulousresearch.com/Checkout/80375132 Key Questions Answered in the Report: •Which are the high-growth market segments in terms of type, coating, material, application, age, distribution channel, end user, and geography? •What was the historical market size for eyewear globally? •What are the market forecasts and estimates for the period 2024–2031? •What are the major drivers, restraints, challenges, opportunities, and trends in the global eyewear market? •Who are the major players in the global eyewear market? •What is the competitive landscape like, and who are the market leaders in the global eyewear market? •What are the recent developments in the global eyewear market? •What are the different strategies adopted by the major players in the global eyewear market? •What are the geographical trends and high growth regions/countries? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 © Meticulous Research| sales@meticulousresearch.com