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Eyewear Market Share

Report ID: GMI119
Published Date: Jun 2024
Report Format: PDF

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Eyewear Market Share

Eyewear Company Market Share Analysis (2023)

The global eyewear market is highly fragmented in nature with prominent players operating in the market such Carl Zeiss AG, Luxottica Group SpA, Safilo, Hoya Corporation, and The Cooper Companies. These together hold a market share of 5 to 10%. While there are established companies with significant market share, there are also numerous smaller regional and niche manufacturers offering specialized eyewear. This creates a competitive landscape with diverse options for buyers. The market caters to various needs with different eyeglasses and sunglass types, such as safety glasses, safety googles, single vision, and bifocal, among others. This allows for specialization among manufacturers, further contributing to fragmentation.

Eyewear Market Companies

Major players operating in the eyewear industry include:

Carl Zeiss AG
Luxottica Group SpA
Safilo
Hoya Corporation
The Cooper Companies
Johnson & Johnson Vision Care, Inc.
Bausch & Lomb Inc.
Charmant Group
CIBA VISION
De Rigo Vision S.p.A
Fielmann AG
JINS, Inc.
Marchon Eyewear, Inc.
QSpex Technologies
Rodenstock GmbH
Seiko Optical Products Co., Ltd.
Shamir Optical Industry Ltd.
Silhouette International Schmied AG
Warby Parker
Zenni Optical, Inc.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Eyewear industry was recorded USD 150.5 billion in 2023 and will exhibit a 5.1% CAGR from 2024 to 2032, attributed to increasing awareness of eye health.

The spectacles segment will garner USD 102.1 billion by 2032 due to rising prevalence of myopia and presbyopia and the affordability of spectacles.

Europe eyewear industry captured 36.9% market share in 2023, fueled by the regions fashion-conscious consumer base and increasing aging population.

Major manufacturers operating in eyewear industry are Carl Zeiss AG, The Cooper Companies, Johnson & Johnson Vision Care, Inc., Bausch & Lomb Inc., Charmant Group, De Rigo Vision S.p.A, Marchon Eyewear, Inc., Rodenstock GmbH, Seiko Optical Products Co., Ltd., Shamir Optical Industry Ltd., Silhouette International Schmied AG, Warby Parker, Zenni Optical, Inc., among others.