Europe Eyewear Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: USD 38.5 Billion
Market Forecast in 2032: USD 62.9 Billion
Market Growth Rate: 5.61% (2024-2032)
The Europe eyewear market size reached USD 38.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 62.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.61% during 2024-2032.
Europe Eyewear Market Trends:
The increasing concern for the health of eyes as well as vision correction is the major factor driving the growth of the European eyewear market. As such, the market is also fueled by the increasing demand for fashionable and different styles in eyewear. Further, one of the key factors that fuel the market growth is the considerable increase in the use of screens. Also, with the increase in age of the population, the demand for vision correction aids also rises, consequently creating more demand for luxury, high-end eyewear.
Moreover, the market is also witnessing remarkable growth due to the increasing need for sustainable and environmentally friendly eyewear products owing to rising environmental issues. At the same time, the market is also assisted by the increasing trend of fashion and the endorsement of celebrities. The market is also influenced by the favorable governmental policies that raise the awareness of eye health issues and give subsidies on purchasing instruments for vision correction.
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Europe Eyewear Market Scope and Growth Analysis:
The European eyewear market is expanding owing to fashion and ocular concerns for the clients. In addition, improvements in lens and frame materials, which are more comfortable and practical help this growth. As a result, eyeglasses integrated with advanced technologies such augmented reality (AR), virtual reality (VR) etc are expanding the markets. Moreover, there are also sales that are strengthened by increased purchasing power of clients and the trend that has been shifting to more advanced branded eyepieces. On the other hand, the market report indicates, the industry coverage is also contributed by the ongoing trend of advanced and bespoke eyewear solutions.
The reach of the market is also growing with the trend of online purchasing of eyeglasses as aided by strong e-commerce platforms. The markets are also influenced by the strategic alliances and collaborations of key companies in the market to innovate and offer a variety of products. As a result, the market dynamic has begun to change due to increasing competition from a high number of domestic and international brands leading to greater product range and better prices.
IMARCs report provides a deep dive into the Europe eyewear market analysis, outlining the current trends, underlying market demand, and growth trajectories.
Europe Eyewear Market Forecast and Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Spectacles
- Sunglasses
- Contact Lenses
Breakup by Gender:
- Men
- Women
- Unisex
Breakup by Distribution Channel:
- Optical Stores
- Independent Brand Showrooms
- Online Stores
- Retail Stores
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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