Global Eyewear Market is expected to register a notable CAGR over the forecast period – Research Nester

Sep 10, 2018

Global eyewear market was value at USD 100 billion in 2015; the market is anticipated to reach around USD 180 billion by the end of 2024 witnessing a compound annual growth rate of 7% over the forecast period i.e. 2017-2024.

New York, United States - September 10, 2018 /MarketersMedia/ —

“Eyewear Market: Global Demand Analysis & Opportunity Outlook 2024”

The eyewear market has been segmented by product into contact lenses, spectacles and plano sunglasses, out of which, the spectacles segment dominated the overall product segment and is anticipated to expand with a compound annual growth rate of 7.2% over the forecast period. This can be attributed to its long durability and protection in comparison to contact lenses. The growing old age population and the increase in eye disorders are the major factors that are driving the growth of the eyewear market around the globe.

The Global Eyewear Market was valued at USD 100 Billion in 2015 and is anticipated to reach USD 180 Billion by the end of 2024 by expanding at a compound annual growth rate of 7% over the period 2017-2024. The growing number of ophthalmic disorders across the world has led to the demand for eyewear. Further, the government initiatives to spread awareness regarding eye disorders and launching free camps combined with providing training to people in local areas with limited eye care services are some of the factors that estimated to augment the growth of the eyewear market over the forecast period.

In the regional segment, Europe holds the largest consumer base in overall eyewear market. In 2016, Europe alone held the dominant share of 45% in the global eyewear market. Further, the growing demand for spectacles is anticipated to expand the Asia Pacific eyewear market with higher pace by reaching the market valuation of around USD 44 Billion by the end of 2024.

Request Report Sample @ https://www.researchnester.com/sample-request/2/rep-id-268

Fashionable Contact Lenses to Boom the Market

The growth of the market is riding on the back of the growing eye disorders and increasing prevalence of age-related macular degeneration, mostly among older adults along with the rising popularity of contact lenses among young generation. Further, the spurred use of fashionable contact lenses among people combined with its usage in media & entertainment industry to develop different looks such as vampire, anime etc. are some of the factors that are anticipated to supplement the growth of the eyewear market across the globe. However, rising awareness towards refractive surgeries due to their affordability among people is anticipated to hinder the growth of eyewear market in the near future.

Request for TOC Here @ https://www.researchnester.com/toc-request/1/rep-id-268

The report titled “Eyewear Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the eyewear market in terms of market segmentation by product, by material and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the eyewear market which includes company profiling of Luxottica, Safilo, Johnson & Johnson Vision Care, Essilor Int., CooperVision, Bausch & Lomb, Carl Zeiss, De Rigo, CIBA Vision Inc., Fielmann, Marchon Eyewear, Hoya Corp., Vision Express and Specsavers Optical. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the eyewear market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Buy This Premium Reports Now @ https://www.researchnester.com/payment/rep-id-268

About Research Nester:

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Follow us: - LinkedIn |  Twitter | Facebook

Contact Info:
Name: Ajay Daniel
Email: [email protected]
Organization: Research Nester
Address: 77 water Street, 8th Floor
Phone: +1 646 586 9123

Source URL: https://marketersmedia.com/global-eyewear-market-is-expected-to-register-a-notable-cagr-over-the-forecast-period-research-nester/405410

For more information, please visit https://www.researchnester.com/reports/eyewear-market-global-demand-analysis-opportunity-outlook-2024/268

Source: MarketersMedia

Release ID: 405410

More News

Korean builders face risk of losing $755 mil. in unpaid Iraq refinery project

Oct 23, 2026

Korean builders face risk of losing $755 mil. in unpaid Iraq refinery project

Hyundai Engineering & Construction (E&C) and three other local builders are at risk of losing more than 1 trillion won ($755 million) tied up in a major Iraqi refinery project, according to documents obtained by a ruling party lawmaker Friday. Hyundai E&C, GS Engineering & Construction, SK ecoplant and Hyundai Engineering have yet to collect 625.4 billion won in outstanding payments and are facing the possible forfeiture of another 420.2 billion won in performance guarantees. The builders have been seeking payment for work on the $6.8 billion Karbala Refinery Project, commissioned by Iraq's state-owned State Company for Oil Projects (SCOP). Company materials provided to Rep. Lee Jae-gang of the ruling Democratic Party of Korea showed the construction of a refinery capable of processing 140,000 barrels of crude oil per day was delayed by factors including Iraq’s internal conflict and the COVID-19 pandemic. The companies handed over the refinery's facilities to the Iraqi side in December 2023. However, SCOP has withheld payments, citing outstanding defects and missing tax-related docume

Woojin recognized for job creation, improved working conditions

Oct 23, 2026

Woojin recognized for job creation, improved working conditions

Woojin Industrial Systems, a Korean manufacturer of railway vehicles and electric buses, said Friday it has been selected for this year’s Ministry of Employment and Labor recognition program honoring companies for creating jobs and improving working conditions. The annual program recognizes 100 private companies and provides administrative and financial incentives to encourage hiring and improve workplace practices. Woojin said investment outside the Seoul metropolitan area helped drive its employment growth. It completed a 47 billion won ($35 million) electric bus factory in Gimcheon, North Gyeongsang Province, supporting efforts to recruit about 100 local workers. The proportion of the company’s workforce covered by employment insurance rose to 673 at the end of 2025 from 578 in 2024. Woojin attributed the growth to investment and recruitment partnerships with local universities and vocational high schools. Of its 140 new hires in 2025, 64 were aged 15 to 34. The company said expanded recruitment of women and support for maternity protection measures helped reduce its female employ

Financial industry heavyweights compete to head banking lobby

Oct 23, 2026

Financial industry heavyweights compete to head banking lobby

With the Korea Federation of Banks (KFB) set to appoint its next chairman, several former financial executives and regulators are emerging as potential candidates to take the helm of the country’s leading banking lobby, according to industry officials on Friday. The federation represents 23 full members — commercial, regional and internet-only lenders — as well as 33 associate members, comprising branches of foreign banks. The incumbent, Cho Yong-byoung, is due to leave office on Nov. 30. Yoon Jong-kyoo, former chairman of KB Financial Group, has long been viewed as a front-runner. He served as a vice chairman at accounting firm Samil PwC and president of KB Kookmin Bank before leading KB Financial from 2014 to 2023, overseeing major acquisitions including LIG Insurance and Hyundai Securities. But the prospect of another KB Financial veteran taking a top post at a financial industry association has drawn growing resistance. The concern has intensified after Lee Dong-chul, a former KB Financial vice chairman, took the helm of the Credit Finance Association this year, followed by Kim

KEPCO wins UNLEASH award for 2nd straight year

Oct 23, 2026

KEPCO wins UNLEASH award for 2nd straight year

Korea Electric Power Corp. (KEPCO) has won the UNLEASH Learning and Development Award for the second consecutive year, becoming the first Korean company to achieve the feat and reaffirming its global competitiveness in human resource development (HRD), the state-run utility said Friday. The award was presented at UNLEASH World 2026, a major human resources development conference, in Paris on Thursday (local time), according to KEPCO. Established in 2016 by the European Association for People Management and U.K.-based HR technology group UNLEASH, the award recognizes excellence in HRD, based on its strategic impact, organizational role and contribution to business performance. The recognition follows KEPCO's consecutive wins at the ATD Awards, organized by the U.S.-based Association for Talent Development, over the past two years, further demonstrating the company's expertise in employee training and talent management. KEPCO said evaluators recognized its alignment of HRD with business strategy, data-driven personalized training and integration of HRD with human resource management (HRM).

Woori Financial Q3 net falls 16% on one-time factor

Oct 23, 2026

Woori Financial Q3 net falls 16% on one-time factor

Woori Financial Group Inc. on Friday reported a decline in its third-quarter net profit on a one-off factor. Its net profit reached 1.04 trillion won ($784 million) in the July-September period, down 15.7 percent from a year earlier. The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 963.4 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. In the first nine months of the year, the banking group racked up 2.66 trillion won in net profit, down 4.9 percent on-year. Operating profit for the July-September period was 1.41 trillion won, up 43.6 percent from a year ago, and revenue also jumped 66.2 percent to 13.3 trillion won. Interest income rose 1.7 percent on-year to 2.37 trillion won in the third quarter. Its non-interest income, on the other hand, sank 7.6 percent on-year to 581 billion won in the July-September period, Woori said. The financial group's flagship Woori Bank, meanwhile, reported a net profit of 1.02 trillion won in the third quarter, sharply up from a net profit of 736 billion won

Hana Financial Q3 net up 7.9% on rise in interest, non-interest income

Oct 23, 2026

Hana Financial Q3 net up 7.9% on rise in interest, non-interest income

Hana Financial Group Inc. on Friday reported a rise in net profit in the third quarter of the year, driven by a rise in interest and non-interest income. The banking group said it racked up a net profit of 1.22 trillion won ($919 million) in the July-September period, up 7.86 percent from a year earlier. The earnings are higher than market expectations. The average estimate of net profit by analysts stood at 1.21 trillion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Hana Financial posted 1.63 trillion won in operating profit for the quarter, compared with 1.48 trillion won a year ago. Revenue also rose 83.6 percent to 19.99 trillion won. In the first nine months of the year, Hana racked up 3.62 trillion won in net profit, up 5.56 percent on-year, marking the highest ever. Hana Financial posted an interest income of 7.48 trillion won in the January-September period, up 10.37 percent on-year, and its commission income spiked 29.8 percent to 2.14 trillion won over the cited period. Its flagship Hana Bank reaped a net profit of 1.19 trillion won

KSD channels $1.17 mil. funding this year into regional talent, startups in Busan

Oct 23, 2026

KSD channels $1.17 mil. funding this year into regional talent, startups in Busan

The Korea Securities Depository (KSD) has directed funding toward social welfare and innovative businesses, contributing an average of around 1.78 billion won ($1.34 million) annually from 2023 to 2025 and 1.55 billion won for this year, the state-run agency said Friday. Headquartered in Busan, KSD focuses much of its social contribution work on developing local talent, helping young people become financially independent and strengthening the regional economy. Its programs range from scholarships and job training to funding for social enterprises, startups and small and midsize businesses. One such effort is the Open Campus, which introduces university students to KSD’s work and career opportunities in the securities industry. Participants learn about its core functions, including securities settlement, get information on recruitment and speak with current employees. Launched in 2019 with 35 students from five universities, it has grown to 60 students from 12 universities this year. Since 2025, the program has been part of a wider initiative to strengthen Busan’s financial-sector tal

Nongshim brings Shin Ramyun heat to Musinsa pop-up in Osaka

Oct 23, 2026

Nongshim brings Shin Ramyun heat to Musinsa pop-up in Osaka

Nongshim is bringing the flavors of Korea’s instant noodles to Japan’s fashion-conscious young consumers, joining forces with fashion platform Musinsa for a 17-day pop-up event in Osaka that pairs Korean food with fashion and beauty. The Korean food company is operating a Shin Ramyun brand booth at Musinsa Osaka Pop-up Store 2026 at VS in Umeda through Nov. 8. The collaboration aims to introduce Japanese shoppers drawn to Korean fashion to Korean food culture through hands-on experiences, with Umeda serving as a busy commercial district frequented by young consumers and international tourists. At the booth, visitors can sample freshly prepared Shin Ramyun Tomba, using an instant noodle cooker modeled on machines popular along Korea’s Han River, where people cook noodles on-site. Visitors who follow Nongshim Japan’s official Instagram account can try the dish, while those who complete a survey after tasting it can receive Shin Ramyun Rose, with additional branded merchandise available through a prize draw. Shin Ramyun Tomba combines spicy seasoning with a creamy flavor and has gain

Beauty of Joseon expands to 1,263 Boots stores across Britain

Oct 23, 2026

Beauty of Joseon expands to 1,263 Boots stores across Britain

Beauty of Joseon, Korean beauty brand known for its traditional ingredients and modern skin care, has expanded to 1,263 Boots stores across Britain, marking one of the largest retail footprints for a Korean beauty brand in Europe. The brand, owned by Goodai Global, entered Boots in June 2024 and has since expanded rapidly across the British health and beauty retailer’s network, according to a company announcement Friday. Beauty of Joseon also operates dedicated brand displays in 100 Boots stores, the largest such presence among Korean beauty brands at the retailer. The expansion comes as the brand continues to rank among Boots’ top-selling Korean beauty brands, reflecting growing demand for K-beauty products in physical retail stores beyond online channels. In April, Beauty of Joseon held the first solo pop-up by a Korean beauty brand at Boots, at the retailer’s store in Westfield Stratford in London. During the pop-up month, Beauty of Joseon ranked fifth among about 200 skin care brands sold at Boots and first among roughly 20 Korean beauty brands, according to company data. It also

Bereaved family members denounce labor inspection results on Coupang

Oct 23, 2026

Bereaved family members denounce labor inspection results on Coupang

Bereaved family members of industrial accident victims at Coupang on Friday denounced the results of a labor inspection into the online retailer, accusing the labor ministry of giving the company a "free pass." After an inspection of the company, the labor ministry said Thursday it decided not to recommend a criminal investigation into cover-up allegations surrounding the death of a Coupang logistics worker in 2020. The worker died of acute myocardial infarction following an overnight shift, raising suspicions of overwork. While the probe found that Coupang founder Kim Bom-suk had made orders not to keep records indicating the employee had worked hard, the ministry said the statute of limitations for the case had already passed. "(We) denounce the labor ministry for giving Coupang a free pass without a proper investigation," the family members said in a press statement. The bereaved family members said they have requested the state auditor to launch an inspection into the ministry, arguing the government's failure to properly investigate the Coupang case led to the expiry of the statute o

HD Hyundai, Kiewit to form JV to build shipyard in US

Oct 23, 2026

HD Hyundai, Kiewit to form JV to build shipyard in US

Korean shipbuilding giant HD Hyundai Co. said Friday it will establish a joint venture with U.S. engineering and construction company Kiewit to build a new shipyard in the United States. HD Hyundai and Kiewit signed an agreement in Houston on Thursday (local time) to establish the joint venture, tentatively named HD-Kiewit Shipbuilding LLC. The joint venture plans to begin construction of the shipyard next year, with full-scale operations targeted for 2029. Under the partnership, HD Hyundai will provide shipbuilding technology and production expertise, while Kiewit will leverage its engineering and construction capabilities to support the development of the facility. HD Hyundai said the project is significant as it involves building a new shipyard rather than upgrading an existing facility, a move expected to help expand U.S. shipbuilding capacity and strengthen domestic supply chains. The joint venture will explore business opportunities in U.S. Navy logistics support vessels and commercial ships, while also considering the production and supply of ship blocks and modules to U.S. shipyar

SK hynix halts Solidigm IPO plan amid regulatory pressure

Oct 23, 2026

SK hynix halts Solidigm IPO plan amid regulatory pressure

Potential government regulatory scrutiny may have been the main factor behind SK hynix’s decision to halt plans for a U.S. listing of its subsidiary Solidigm, according to industry sources Friday. Earlier in the day, SK hynix announced that its U.S.-based NAND flash memory subsidiary will halt its review of potential pre-initial public offering (IPO) fundraising and IPO options, citing volatile capital markets and recent trends in semiconductor stock prices, the chip giant said Friday. “Even though SK hynix cited market conditions, the government’s warnings may have played a greater role in the decision,” an industry source said. After reports emerged in August that Solidigm was considering a U.S. IPO as early as next year, potentially valuing the company at up to $150 billion, concerns arose that the listing could undermine SK hynix’s shareholder value. Since then, SK hynix has repeatedly responded to reports of a possible U.S. listing by saying that no decision had been made. However, amid mounting controversy over Solidigm’s potential dual listing, financial authorities war

Recommended

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.

Futurally

Get the latest news and have a look at the innovations and technologies that are shaping the future and changing the world here in Futurally.

ABOUT US
Newsletter

Copyright © 2015 - 2026 Futurally. All Rights Reserved.