Europe Eyewear Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
Europe Eyewear Market reached a valuation of USD 55.5 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2032. This growth is significantly influenced by the increasing use of digital devices, including smartphones and tablets, which has led to a rise in vision issues such as myopia, hyperopia, and astigmatism. The prolonged exposure to screens has also contributed to the emergence of Computer Vision Syndrome (CVS), affecting both children and adults. As awareness of eye health rises, consumers are becoming more proactive about scheduling regular eye check-ups, which drives the demand for high-quality prescription eyewear and contact lenses. However, the luxury segment of the European eyewear industry faces challenges due to the widespread availability of counterfeit products.
These imitation goods often undermine the value of reputable brands, making it difficult for premium eyewear companies to maintain their pricing power and justify their higher price points. This situation is particularly concerning in markets where brand prestige is a key factor in consumer purchasing decisions. The eyewear market in Europe is categorized into three primary product types: spectacles, contact lenses, and sunglasses. In 2023, spectacles led the market with revenues of USD 25.4 billion and are projected to grow at a CAGR of 4% through 2032. The rise in screen usage across various demographics, coupled with the increasing trend of remote education, has led to higher incidences of CVS, particularly among younger users.
Distribution channels in the European eyewear market are classified into online and offline segments. The online distribution channel dominated in 2023, holding a market share of 63.9% and expected to expand at a CAGR of 4.2% from 2024 to 2032. This growth can be attributed to the convenience offered by e-commerce, including doorstep delivery, easy returns, improved customer service, and multiple payment options. Online platforms also attract consumers with special promotions aimed at frequent buyers. U.
K. emerges as the leading market in Europe, with revenues around USD 11.8 billion in 2023, projected to grow to approximately USD 16.2 billion by 2032. The strong consumer spending on fashion and premium eyewear in the U. K. highlights eyewear as both a necessity and a fashion statement.Additionally, widespread access to vision care services and insurance coverage improves the adoption of eyewear solutions across the region.
These imitation goods often undermine the value of reputable brands, making it difficult for premium eyewear companies to maintain their pricing power and justify their higher price points. This situation is particularly concerning in markets where brand prestige is a key factor in consumer purchasing decisions. The eyewear market in Europe is categorized into three primary product types: spectacles, contact lenses, and sunglasses. In 2023, spectacles led the market with revenues of USD 25.4 billion and are projected to grow at a CAGR of 4% through 2032. The rise in screen usage across various demographics, coupled with the increasing trend of remote education, has led to higher incidences of CVS, particularly among younger users.
Distribution channels in the European eyewear market are classified into online and offline segments. The online distribution channel dominated in 2023, holding a market share of 63.9% and expected to expand at a CAGR of 4.2% from 2024 to 2032. This growth can be attributed to the convenience offered by e-commerce, including doorstep delivery, easy returns, improved customer service, and multiple payment options. Online platforms also attract consumers with special promotions aimed at frequent buyers. U.
K. emerges as the leading market in Europe, with revenues around USD 11.8 billion in 2023, projected to grow to approximately USD 16.2 billion by 2032. The strong consumer spending on fashion and premium eyewear in the U. K. highlights eyewear as both a necessity and a fashion statement.Additionally, widespread access to vision care services and insurance coverage improves the adoption of eyewear solutions across the region.
Report Content
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021 - 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Factors affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.1.7 Retailers
3.2 Impact forces
3.2.1 Growth drivers
3.2.1.1 Aging population
3.2.1.2 Rising prevalence of vision problems
3.2.1.3 Increasing awareness of eye health
3.2.1.4 Fashion consciousness
3.2.2 Industry pitfalls & challenges
3.2.2.1 Price sensitivity and market saturation
3.2.2.2 Presence of counterfeit eyewear
3.3 Technology & innovation landscape
3.4 Consumer buying behavior analysis
3.4.1 Demographic trends
3.4.2 Factors affecting buying decision
3.4.3 Consumer product adoption
3.4.4 Preferred distribution channel
3.5 Growth potential analysis
3.6 Regulatory landscape
3.7 Pricing analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2021 – 2032, (USD BILLION) (THOUSAND UNITS)
5.1 Key trends
5.2 Spectacles
5.2.1 Single vision
5.2.2 Multifocal
5.2.3 Bifocal
5.2.4 Progressive
5.2.5 Reading glasses
5.2.6 Safety glasses
5.2.7 Others (Blue light glasses, etc.)
5.3 Contact Lens
5.3.1 Soft contact lens
5.3.2 Rigid contact lens
5.3.3 Others (Toric contact lens)
5.4 Sunglasses
5.4.1 Polarized
5.4.2 Non-polarized
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY TYPE, 2021 – 2032, (USD BILLION) (THOUSAND UNITS)
6.1 Key trends
6.2 Prescription
6.3 Non-prescription
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY MATERIAL, 2021 – 2032, (USD BILLION) (THOUSAND UNITS)
7.1 Key trends
7.2 Metal
7.3 Plastic
7.4 Polycarbonate
7.5 Rubbers
7.6 Others (Wooden, nylon, silicon etc.)
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY SHAPE, 2021 – 2032, (USD BILLION) (THOUSAND UNITS)
8.1 Key trends
8.2 Shape
8.3 Oval & aviator
8.4 Rectangular
8.5 Round
8.6 Square
8.7 Others (Oversized, shield, etc.)
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY PRICE, 2021 – 2032, (USD BILLION) (THOUSAND UNITS)
9.1 Key trends
9.2 Low
9.3 Medium
9.4 High
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY END USER, 2021 – 2032, (USD BILLION) (THOUSAND UNITS)
10.1 Key trends
10.2 Male
10.3 Female
10.4 Unisex
10.5 Kids
CHAPTER 11 MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2021 – 2032, (USD BILLION) (THOUSAND UNITS)
11.1 Key trends
11.2 Online
11.2.1 E-commerce
11.2.2 Company site
11.3 Offline
11.3.1 Specialty stores
11.3.2 Mega retail stores
11.3.3 Others (Optical camps, ophthalmic centers, etc.)
CHAPTER 12 MARKET ESTIMATES & FORECAST, BY REGION, 2021 – 2032, (USD BILLION) (THOUSAND UNITS)
12.1 Key trends
12.2 Europe
12.2.1 Germany
12.2.2 UK
12.2.3 France
12.2.4 Italy
12.2.5 Spain
CHAPTER 13 COMPANY PROFILES (BUSINESS OVERVIEW, FINANCIAL DATA, PRODUCT LANDSCAPE, STRATEGIC OUTLOOK, SWOT ANALYSIS)
13.1 Carl Zeiss
13.2 Luxottica Group
13.3 Safilo
13.4 Hoya
13.5 Cooper Companies
13.6 Johnson & Johnson Vision Care
13.7 Bausch & Lomb
13.8 Charmant Group
13.9 CIBA VISION
13.10 De Rigo Vision
13.11 Fielmann
13.12 JINS
13.13 Marchon Eyewear
13.14 QSpex Technologies
13.15 Rodenstock
13.16 Seiko Optical Products
13.17 Shamir Optical Industry
13.18 Silhouette International
13.19 Warby Parker
13.20 Zenni Optical
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021 - 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Factors affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.1.7 Retailers
3.2 Impact forces
3.2.1 Growth drivers
3.2.1.1 Aging population
3.2.1.2 Rising prevalence of vision problems
3.2.1.3 Increasing awareness of eye health
3.2.1.4 Fashion consciousness
3.2.2 Industry pitfalls & challenges
3.2.2.1 Price sensitivity and market saturation
3.2.2.2 Presence of counterfeit eyewear
3.3 Technology & innovation landscape
3.4 Consumer buying behavior analysis
3.4.1 Demographic trends
3.4.2 Factors affecting buying decision
3.4.3 Consumer product adoption
3.4.4 Preferred distribution channel
3.5 Growth potential analysis
3.6 Regulatory landscape
3.7 Pricing analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2021 – 2032, (USD BILLION) (THOUSAND UNITS)
5.1 Key trends
5.2 Spectacles
5.2.1 Single vision
5.2.2 Multifocal
5.2.3 Bifocal
5.2.4 Progressive
5.2.5 Reading glasses
5.2.6 Safety glasses
5.2.7 Others (Blue light glasses, etc.)
5.3 Contact Lens
5.3.1 Soft contact lens
5.3.2 Rigid contact lens
5.3.3 Others (Toric contact lens)
5.4 Sunglasses
5.4.1 Polarized
5.4.2 Non-polarized
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY TYPE, 2021 – 2032, (USD BILLION) (THOUSAND UNITS)
6.1 Key trends
6.2 Prescription
6.3 Non-prescription
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY MATERIAL, 2021 – 2032, (USD BILLION) (THOUSAND UNITS)
7.1 Key trends
7.2 Metal
7.3 Plastic
7.4 Polycarbonate
7.5 Rubbers
7.6 Others (Wooden, nylon, silicon etc.)
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY SHAPE, 2021 – 2032, (USD BILLION) (THOUSAND UNITS)
8.1 Key trends
8.2 Shape
8.3 Oval & aviator
8.4 Rectangular
8.5 Round
8.6 Square
8.7 Others (Oversized, shield, etc.)
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY PRICE, 2021 – 2032, (USD BILLION) (THOUSAND UNITS)
9.1 Key trends
9.2 Low
9.3 Medium
9.4 High
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY END USER, 2021 – 2032, (USD BILLION) (THOUSAND UNITS)
10.1 Key trends
10.2 Male
10.3 Female
10.4 Unisex
10.5 Kids
CHAPTER 11 MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2021 – 2032, (USD BILLION) (THOUSAND UNITS)
11.1 Key trends
11.2 Online
11.2.1 E-commerce
11.2.2 Company site
11.3 Offline
11.3.1 Specialty stores
11.3.2 Mega retail stores
11.3.3 Others (Optical camps, ophthalmic centers, etc.)
CHAPTER 12 MARKET ESTIMATES & FORECAST, BY REGION, 2021 – 2032, (USD BILLION) (THOUSAND UNITS)
12.1 Key trends
12.2 Europe
12.2.1 Germany
12.2.2 UK
12.2.3 France
12.2.4 Italy
12.2.5 Spain
CHAPTER 13 COMPANY PROFILES (BUSINESS OVERVIEW, FINANCIAL DATA, PRODUCT LANDSCAPE, STRATEGIC OUTLOOK, SWOT ANALYSIS)
13.1 Carl Zeiss
13.2 Luxottica Group
13.3 Safilo
13.4 Hoya
13.5 Cooper Companies
13.6 Johnson & Johnson Vision Care
13.7 Bausch & Lomb
13.8 Charmant Group
13.9 CIBA VISION
13.10 De Rigo Vision
13.11 Fielmann
13.12 JINS
13.13 Marchon Eyewear
13.14 QSpex Technologies
13.15 Rodenstock
13.16 Seiko Optical Products
13.17 Shamir Optical Industry
13.18 Silhouette International
13.19 Warby Parker
13.20 Zenni Optical
