Europe Eyewear Market

Market Overview:

The Europe eyewear market size reached US$ 38.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 62.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.61% during 2024-2032.

Eyewear is a protective or corrective item that is generally worn over or on the eyes. It is used to safeguard the retina and lens of the eyes from harmful external environmental factors, including dust, debris, radiation and ultraviolet (UV) rays. Some of the commonly utilized eyewear include contact lenses, sunglasses, and spectacles. It involves the use of a vast array of frames and lenses that are manufactured using various substances, such as carbon fiber, plastic, and glass that provides visual protection to individuals. Apart from this, it also aids in reducing eye strain while minimizing the chances of developing eyesight-related problems.

Europe Eyewear Market Trends:

The market in Europe is primarily driven by the increasing prevalence of ocular diseases among the masses. In line with this, a considerable rise in the number of individuals suffering from myopia across the region is creating a positive outlook for the market. Moreover, with the rising focus on sustainable development, leading players in the market are heavily investing in the manufacturing of eyewear items using recycled plastics, which is gaining prominence among the masses. Some of the other factors contributing to the market growth include the widespread adoption of aggressive marketing strategies, such as celebrity endorsements to expand their existing consumer base, innovative packaging solutions, strong income levels of the masses, and research and development (R&D) activities conducted by key players to introduce improved product variants in the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe eyewear market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on product, gender, and distribution channel.

Breakup by Product:

• Spectacles
• Sunglasses
• Contact Lenses
   

Breakup by Gender:

• Men
• Women
• Unisex
   

Breakup by Distribution Channel:

• Optical Stores
• Independent Brand Showrooms
• Online Stores
• Retail Stores
   

Breakup by Country:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the Europe eyewear market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Europe eyewear market?
• What are the key regional markets?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the gender?
• What is the breakup of the market based on the distribution channel?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Europe eyewear market and who are the key players?
• What is the degree of competition in the industry?