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Value of the global eyewear market from 2017 to 2023

Value of the global eyewear market from 2017 to 2023 (in billion U.S. dollars)

by Liam O'Connell, last edited Aug 9, 2019
Value of the global eyewear market from 2017 to 2023 The global eyewear market, which is made up of spectacles, contact lenses, sunglasses, and other eyewear products, was estimated to be worth around 115 billion U.S. dollars in 2017 and was forecast to reach a value of 178 billion U.S. dollars by 2023.
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 North American eyewear market, sunglasses are the leading product category in terms of unit sales.

Eyewear in the United States

The United States was the leading eyewear market in the world as of 2018. Eyewear revenues in the United States are triple the size of those in France, which is the next biggest market. Vision Source and Luxottica were the leading optical retailers in the United States as of 2017. Luxottica is not only one of the largest eyewear companies in the United States but worldwide. The eyewear brands of Ray-Ban, Persol, and Oakley are part of Luxottica’s brand portfolio.
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Value of the global eyewear market from 2017 to 2023 (in billion U.S. dollars)

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Market value in billion U.S. dollars
2023177.82
2022*165.34
2021*153.73
2020*142.94
2019*132.9
2018*123.58
2017114.9
Market value in billion U.S. dollars
2023177.82
2022*165.34
2021*153.73
2020*142.94
2019*132.9
2018*123.58
2017114.9

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by Liam O'Connell, last edited Aug 9, 2019
The global eyewear market, which is made up of spectacles, contact lenses, sunglasses, and other eyewear products, was estimated to be worth around 115 billion U.S. dollars in 2017 and was forecast to reach a value of 178 billion U.S. dollars by 2023.

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 North American eyewear market, sunglasses are the leading product category in terms of unit sales.

Eyewear in the United States

The United States was the leading eyewear market in the world as of 2018. Eyewear revenues in the United States are triple the size of those in France, which is the next biggest market. Vision Source and Luxottica were the leading optical retailers in the United States as of 2017. Luxottica is not only one of the largest eyewear companies in the United States but worldwide. The eyewear brands of Ray-Ban, Persol, and Oakley are part of Luxottica’s brand portfolio.
Show more

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