Growing prevalence of eye related problems has led to a surge in demand for eyewear globally. Moreover, increasing impact of trending fashion has led to a surge in demand for eyewear among in the youth population. According to a recently compiled report by Persistence Market Research reveals, the global eyewear market is expected to register 5.8% CAGR over the forecast period, 2016 – 2026.

Factors Propelling Global Market Growth

Increasing impact of fashion trends has led to a surge in demand for eyewear in the youth population. Moreover, growing need to protect eyes from extreme weathers has fuelled demand for eyewear in various countries significantly. Surge in prevalence of eye infections and problems has further fuelled demand for eyewear in the old population globally. Such factors are likely to impact the global market growth of eyewear positively during the projected period.

Optical manufacturers are adopting enhanced technology significantly that helps in protecting eyes. Further, increasing use of soft contact lenses and developed eyewear products is likely to fuel demand for eyewear significantly throughout 2026. Eyewear is projected to represent considerable demand among the youngster attributed to increasing exposure to various media gadgets and devices including gaming consoles, televisions and smartphones. Such factors are likely to contribute towards global market growth of eyewear positively during the projected period.

Plano Sunglasses to Represent Leading Segment

Spectacles among other eyewear products is projected to reflect 5.3% CAGR throughout 2026. This segment is projected to represent a value of around US$ 50 Bn in the global eyewear market by 2026 – end. Spectacles is projected to represent an absolute $ opportunity of around US$ 22 Bn throughout 2026. In terms of consumption, the spectacle segment is projected to rise to 667 units in the global market by 2026-end. This segment will register a 4.7% CAGR growth in terms of volume during the projected period.

Plano sunglasses among other products is projected to witness a relatively high CAGR growth throughout 2026. This segment is expected to represent a major share in the global market by 2026-end. Plano sunglasses will remain a dominant segment among other products and is projected to represent over three-fourth of the revenues generated in the global market by 2026. Mid-priced eyewear products are likely to witness relatively high demand in the global market. Premium and low priced eyewear products will lose traction in the global eyewear market during the projected period.

Franchise and company outlets among other channels will remain the major channels of distribution in the global eyewear market throughout 2026. These segments are projected to represent revenue share of nearly 30% in the global market during the projected period. In terms of revenue, e-commerce or online platforms are likely to reflect a CAGR growth of 7.4% throughout 2026.

North America and Western Europe to Remain Leading Market

Western Europe and North America is projected to represent a profitable region for the eyewear market. The market in these regions is projected to represent more than US$ 100,000 Mn in terms of revenue by the end of 2026. Eyewear products are likely to gain considerable traction in Eastern Europe, APEJ, Japan, and MEA.

A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/14320

 

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