Global Eyewear Market: Technology, Sustainability and Customization Are Shaping the Industry’s Future
The global eyewear market is being reshaped by emerging startups and innovations from established industry players. We examine market size, the evolving landscape, competion and the startups disrupting the industry.
- The eyewear industry consists of four main segments, namely: lenses (for glasses), contact lenses, frames and sunglasses.
- Research firm Statista estimates global eyewear sales grew just 2.5% in 2018 – and that growth will remain flat for the foreseebale future.
- Despite these low growth rates, Coresight Research believes there are pockets of opportunity in the eyewear market as innovative startups create new product and service offerings – and as established players up their games to expand the market.