Value of the global eyewear market from 2022 to 2030

The global eyewear market, which is made up of spectacles, contact lenses, sunglasses, and other eyewear products, was estimated to be worth around 170 billion U.S. dollars in 2022 and was forecast to reach a value of roughly 323.8 billion U.S. dollars by 2030.

What type of products make up the eyewear market?

The eyewear market is typically broken down into four main categories: prescription (Rx) eyeglasses, non-prescription (plano) sunglasses, over-the-counter (OTC) readers, and contact lenses. In the United States, the revenue of spectacles has been considerably higher than that of sunglasses or contact lenses over the last few years. This trend is forecast to continue.

Eyewear in the United States

The United States was the leading eyewear market in the world as of 2021. Eyewear revenues in the United States were more than double the size of those in China, which was the next biggest market. Vision Source and Luxottica were the leading optical retailers in the United States in 2021. Luxottica is not only one of the largest eyewear companies in the United States, but worldwide. The eyewear brands Ray-Ban, Persol, and Oakley are part of Luxottica’s brand portfolio.