Eyewear Industry Sees Growth and Innovation Amid Rising Demand for Online Retail and Blue Light Blocking Glasses
Apr 23, 2024
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The eyewear industry is experiencing steady growth, with a projected market value of $167 billion by 2026, according to a recent report by Grand View Research. This growth is attributed to factors such as increasing awareness about eye health, rising prevalence of vision problems, and a growing aging population.
One of the key trends in the eyewear industry is the increasing popularity of online eyewear retailers. Companies like Warby Parker and Zenni Optical have disrupted the traditional eyewear market by offering affordable, stylish glasses that can be purchased online and delivered directly to consumers' homes. Online sales of eyewear are expected to continue to grow, with a projected CAGR of 8.8% from 2021 to 2026.
Another trend in the eyewear industry is the rise of blue light blocking glasses. With the increasing use of digital devices, many people are concerned about the potential negative effects of blue light exposure on their eyes. As a result, sales of blue light blocking glasses have been on the rise, with a projected market value of $38.2 billion by 2026.
Overall, the eyewear industry is evolving to meet the changing needs and preferences of consumers. With advancements in technology and a growing focus on eye health, the future looks bright for the eyewear market.