Top 10 Eyewear Companies | Shows Consistent Growth

Trishita Deb
Trishita Deb

Updated · Jan 22, 2024

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Eyewear Market Overview

Eyewear refers to any devices worn on one or both of a person’s eyes, serving various purposes. The eyewear industry is a crucial part of the wider consumer goods sector, offering a variety of products that improve vision and safeguard eye health.

Its importance lies in catering to both practical and style-conscious consumers. The global eyewear market has shown consistent growth in recent times, and this upward trajectory is expected to persist in the coming years.

Market Drivers

The global eyewear industry is growing due to key factors: an aging population, rising awareness of eye health, and increased digital device use driving higher demand. Eyewear has evolved beyond functionality to a fashion statement, shaped by celebrities and fashion trends.

Advancements in eyewear materials and online shopping expansion are significant. Active lifestyles, a focus on well-being, eco-friendly considerations, and progress in vision correction procedures all contribute to market expansion.

Market Size

The eyewear market is projected to reach approximately USD 236 billion by 2032, up from USD 125.4 billion in 2022, with a forecasted annual growth rate of 6.7% from 2023 to 2032.

List of Major Companies

 These are the top ten companies operating in the Eyewear Market:

Bausch-n-Lomb

Company Overview

Establishment Year1853
HeadquarterVaughan, Ontario, Canada
Key ManagementBrent Saunders (CEO)
Revenue (US$ Bn)$ 3.7 Billion (2022)
Headcount~ 12,900 (2022)
Websitehttp://bausch.com/

About Bausch & Lomb

Bausch + Lomb is a widely acknowledged company known for its commitment to products related to eye health. Instead of crafting traditional eyeglasses or sunglasses, the company specializes in areas such as contact lenses, lens care solutions, and pharmaceuticals designed to promote eye well-being.

With a history dating back to 1853, it boasts a substantial global presence as a leader in creating contact lenses tailored to meet a variety of vision correction needs. They also offer products to ensure the cleanliness and maintenance of lenses. Furthermore, Bausch + Lomb provides pharmaceutical remedies to address different eye conditions, contributing significantly to the overall health and care of our eyes.

Geographical Presence

Bausch + Lomb, a leading eye health company headquartered in Bridgewater, New Jersey, USA, maintains a global presence that spans multiple continents. In North America, the company operates manufacturing facilities, research centers, and distribution hubs, serving both eye care professionals and consumers.

In Europe, Bausch + Lomb has established offices, manufacturing sites, and distribution networks across several countries, further solidifying its commitment to the European market. In the Asia-Pacific region, including countries such as China, Japan, India, and Australia. Additionally, Bausch + Lomb serves Latin American markets and contributes to eye care initiatives in select Middle Eastern and African countries.

Recent Developments

  • In January 2024, Bausch + Lomb received FDA approval for the TENEO Excimer Laser Platform, allowing its use in LASIK surgery for correcting myopia and myopic astigmatism.
  • In January 2024, Bausch + Lomb and Glaucoma Research Foundation (GRF) launched the “Faces of Glaucoma” campaign, to share diverse patient stories and raise awareness about the world’s second leading cause of blindness.

Carl-Zeiss

Company Overview

Establishment Year1846
HeadquarterWürttemberg, Germany
Key ManagementKarl Lamprecht (President & CEO)
Revenue (US$ Bn)$ 10.4 Billion (2023)
Headcount~  42,992 (2023)
Websitehttp://www.zeiss.com/

About Carl Zeiss

Carl Zeiss AG, founded in 1846 and headquartered in Oberkochen, Germany, is a renowned leader in precision optics and optoelectronics. While it doesn’t make regular eyeglasses or sunglasses, its primary focus is on crafting top-quality optical lenses, including those used in eyewear, known for their exceptional clarity.

Additionally, the company actively contributes to vision care by supplying eye care professionals with essential equipment and diagnostic tools for accurate vision assessments. Furthermore, its optical expertise extends to various sectors, such as medical technology, microscopy, and camera lenses, firmly establishing its pivotal role in advancing optical innovation.

Geographical Presence

Carl Zeiss AG, headquartered in Oberkochen, Germany, maintains a substantial global presence. While its primary operations are based in Germany, the company has established a strong foothold across Europe, North America, and the Asia-Pacific region. It also serves customers in Latin America and has a presence in select African countries.

Recent Developments

  • In January 2024, ZEISS gained FDA approval for the VISUMAX 800, which is equipped with SMILE pro software. This approval allows for the surgical correction of nearsightedness, whether with or without astigmatism.
  • In October 2023, ZEISS and Boehringer Ingelheim formed a long-term strategic partnership to create predictive analytics for the early detection of eye conditions. This collaboration aims to offer personalized treatments that can help prevent vision loss in individuals with significant eye diseases.

Fielmann

Company Overview

Establishment Year1972
HeadquarterHamburg, Germany
Key ManagementMarc Fielmann (CEO)
Revenue (US$ Bn)$ 2.1 Billion (2022)
Headcount~ 22,631 (2022)
Websitehttps://www.fielmann-group.com/en/

About Fielmann

Fielmann AG, founded in 1972 and headquartered in Hamburg, Germany, is a major player in the European eyewear industry. They specialize in eyeglasses and sunglasses, offering a wide variety to suit different vision requirements and fashion choices.

Fielmann also provides optical services, including eye exams and in-house lens production, ensuring personalized eyewear options. Their strong commitment to customer satisfaction, transparent pricing, and dedication to sustainability have solidified their reputation as a trusted eyewear provider in Europe.

Geographical Presence

Fielmann AG, a leading European eyewear retailer headquartered in Hamburg, Germany, has a significant geographical presence primarily concentrated in Europe.

The company boasts an extensive network of optical stores in Germany and has expanded its footprint across European countries like Austria, Switzerland, the Netherlands, France, and Italy, among others. While its primary focus remains on Europe, Fielmann has also ventured into markets like China to meet the growing demand for eyewear.

Recent Development

  • In September 2023, the prominent European eyewear provider, the Fielmann Group, completed its acquisition of SVS Vision.
  • In December 2022, Fielmann Group revealed its acquisition of a full 100% equity stake in MFI Group, a prominent optical and acoustic provider in Northern Spain, covering retail, wholesale, and manufacturing.

Luxottica

Company Overview

Establishment Year1961
HeadquarterMilan, Italy
Key Management Francesco Milleri (Deputy Chairman & CEO)
Revenue (US$ Bn)$21.7 Billion (2019)
Headcount~ 80,00 (2019)
Websitehttp://luxottica.com/en

About Luxottica Group

Luxottica Group S.p.A., established in 1961 and headquartered in Milan, Italy, is a leading global presence in the eyewear industry. Specializing in eyeglasses and sunglasses design, manufacturing, and distribution, the company offers a diverse array of brands to suit various fashion preferences and vision needs.

With a vast worldwide retail network, Luxottica Group operates numerous optical stores under different brand labels, delivering a wide-ranging selection of eyewear and optical services. Their unwavering dedication to innovation, sustainability, and quality has firmly established them as a major player in the eyewear market.

Geographical Presence

Luxottica Group S.p.A., a global eyewear industry leader, maintains a substantial geographical presence worldwide. Operating in Europe, North America, Asia-Pacific, Latin America, and select regions in the Middle East and Africa, the company caters to a diverse range of markets and customers.

With its extensive network of retail stores, manufacturing facilities, and corporate offices, Luxottica effectively serves the global demand for eyewear products.

Recent Developments

  • In November 2023, EssilorLuxottica and Moncler signed an exclusive licensing deal covering the creation, manufacturing, and worldwide distribution of Moncler eyewear.
  • In May 2023, Meta Platforms, Inc. and EssilorLuxottica unveiled the Ray-Ban Meta smart glasses, representing their latest generation of smart eyewear.

Safilo

Company Overview

Establishment Year1934
HeadquarterPadua, Italy
Key ManagementAngelo Trocchia (CEO)
Revenue (US$ Bn)$1.2 B (2021)
Headcount~ 4,500 (2021)
Websitehttp://www.safilogroup.com/en/

About Safilo

Safilo Group S.p.A., established in 1934 and headquartered in Padua, Italy, is a significant global presence in the eyewear industry. The company specializes in designing, manufacturing, and distributing eyeglasses and sunglasses, offering a diverse range of brands with various styles to suit fashion preferences and vision requirements.

Safilo also has licensing agreements with prestigious fashion and luxury brands, allowing them to create and distribute eyewear collections under these labels. The company operates retail stores, providing customers with a wide eyewear selection and optical services. Their commitment to innovation, lens manufacturing, and prescription services solidifies their prominent position in the eyewear sector.

Geographical Presence

Safilo Group S.p.A., a key player in the eyewear industry, boasts a significant global reach across various regions. While specific countries and regions may not be listed comprehensively, the company has established a strong presence in Europe, North America, Asia-Pacific, Latin America, and select areas in the Middle East and Africa. Safilo caters to diverse markets and customers worldwide, underscoring its prominence in the global eyewear market.

Recent Developments

  • In January 2024, Safilo Group announced the early extension of their worldwide licensing agreement for the Moschino and Love Moschino eyewear collections. This agreement is now extended until December 2033.
  • In January 2024, Safilo Group revealed the early extension of their global licensing agreement for the BOSS and HUGO eyewear collections.

Alcon

Company Overview

Establishment Year1945
HeadquarterGeneva, Switzerland
Key ManagementDavid Endicott (CEO)
Revenue (US$ Bn)$ 8.3 Billion (2021)
Headcount~ 24,389 (2021)
Websitehttp://www.alcon.com/

About Alcon

Alcon, established in 1945 is a prominent global player in eye care. Specializing in a wide array of eye health solutions, the company offers contact lenses, lens care products, surgical equipment, pharmaceuticals, and ophthalmic surgical services.

With a commitment to innovation and quality, Alcon addresses various vision-related challenges and eye conditions, supporting overall ocular health. Trusted by eye care professionals and patients alike, Alcon’s comprehensive range of products and services has solidified its position as a leading name in the eye care industry.

Geographical Presence

Alcon, a prominent figure in the eye care industry, maintains a significant global presence across diverse regions. While specific countries and regions may not be listed comprehensively, the company has a strong foothold in North America, Europe, Asia-Pacific, Latin America, and select areas in the Middle East and Africa. Alcon’s expansive reach allows it to cater to a wide range of eye care needs and serve a diverse global clientele.

Recent Developments

  • In October 2023, Alcon introduced TOTAL30 Multifocal, a multifocal contact lens with a Water Gradient design. These lenses are now available in the United States and certain international markets.
  • In November 2022, Alcon successfully finalized its acquisition of Aerie Pharmaceuticals, Inc. This move strengthens Alcon’s position in the ophthalmic pharmaceutical sector, enhancing its portfolio of commercial products and development prospects.

LVMH

Company Overview

Establishment Year1987
HeadquarterParis, France
Key ManagementBernard Arnault (Chairman and CEO)
Revenue (US$ Bn)$ 84.9 Billion (2022)
Headcount~ 196,006 (2022)
Websitehttps://www.lvmh.com/

About LVMH Group

LVMH Group, based in Paris, France, is a global luxury conglomerate with a diverse portfolio of prestigious brands. In the eyewear sector, LVMH includes renowned names such as Dior, Louis Vuitton, Fendi, Givenchy, and Celine. These brands are known for their exceptional craftsmanship, stylish designs, and innovative eyewear creations, offering a range of sophisticated eyeglasses and sunglasses.

LVMH’s dedication to excellence and artistic expression shines through in its eyewear collections, which are accessible through a worldwide network of boutiques and authorized retailers. This appeals to luxury enthusiasts seeking refined eyewear options.

Geographical Presence

LVMH Group’s luxury brands have a strong and extensive presence across the globe. Their boutiques and authorized retailers can be found in major cities throughout Europe, including Paris, Milan, London, and Madrid. In North America, LVMH has established itself prominently in the United States and Canada, with a notable presence in cities like New York, Los Angeles, and Toronto.

The conglomerate has strategically expanded into the Asia-Pacific region, including countries like China, Japan, South Korea, and Australia. LVMH’s boutiques also grace the Middle East, with a presence in key cities such as Dubai, Abu Dhabi, and Riyadh. In select Latin American countries and various other global markets, LVMH ensures accessibility to its luxury brands, catering to discerning customers across the world.

Recent Developments

  • In June 2023, LVMH revealed its plans to introduce the Tap to Pay feature on iPhone at chosen LVMH Group stores located in the United States.
  • In June 2023, LVMH unveiled a collaboration with Epic Games, the developer behind Fortnite and Unreal Engine, intending to revolutionize the Group’s creative process and introduce innovative methods for customers to explore and discover new immersive product experiences.

Prada

Company Overview

Establishment Year1913
HeadquarterMilan, Italy
Key ManagementAndrea Guerra (CEO)
Revenue (US$ Bn)$ 3.5 Billion (2021)
Headcount~ 13,140 (2021)
Websitehttps://www.prada.com/

About Prada

Prada S.p.A., headquartered in Milan, Italy, is a prestigious luxury fashion brand that has made a significant mark in the eyewear industry. Known for its cutting-edge designs and premium craftsmanship, Prada offers a range of eyeglasses and sunglasses that embody modern elegance and sophistication.

These eyewear collections reflect Prada’s commitment to pushing creative boundaries and setting fashion trends. With a global presence, Prada’s eyewear is available through various retail outlets and boutiques, appealing to fashion-conscious individuals seeking stylish and high-quality eyewear to complement their style.

Geographical Presence

Prada S.p.A., the renowned luxury fashion brand, maintains a global presence with boutiques and authorized retailers strategically positioned across key regions worldwide. In Europe, fashion capitals like Milan, Paris, and London showcase Prada’s collections. In North America, major cities including New York and Los Angeles host Prada boutiques, catering to luxury enthusiasts.

Prada has also strategically expanded into the Asia-Pacific region, with a significant presence in countries like China and Japan. The Middle East features Prada boutiques in cities like Dubai, while select Latin American countries also enjoy access to Prada’s luxury offerings.

Recent Development

  • In January 2024, Prada established a joint venture with Stores Specialists, Inc., a luxury retailer in the Philippines, to create a new company. This strategic move aims to facilitate Prada’s expansion within the Philippines.
  • In July 2023, Prada Group revealed its collaboration with ZDHC (Zero Discharge of Hazardous Chemicals), a global initiative uniting various stakeholders in the fashion industry to promote responsible chemical management during manufacturing.

Hoya

Company Overview

Establishment Year1941
HeadquarterTokyo, Japan
Key ManagementEiichiro Ikeda (President and CEO)
Revenue (US$ Bn)$ 5.3 Billion (2023)
Headcount~ 36,000 (2023)
Websitehttp://www.hoya.com/

About Hoya Corporation

Hoya Corporation, based in Tokyo, Japan, is a well-known multinational specializing in eyeglass lenses and optical products since 1941. Renowned for innovation and advanced optical technology, Hoya holds a significant position in the eyewear industry. Their extensive range of top-quality eyeglass lenses caters to diverse vision correction needs.

Hoya’s precision manufacturing and research commitment guarantees exceptional vision care solutions. With a global presence, their products are available through authorized optical retailers and eye care professionals, exemplifying their customer-centered approach and industry prominence.

Geographical Presence

Hoya Corporation, a prominent player in the eyewear industry, boasts a global reach to serve customers worldwide. Headquartered in Tokyo, Japan, the company’s extensive presence spans Asia, North America, Europe, Latin America, the Middle East, and parts of Africa.

This extensive geographical network ensures that Hoya’s high-quality eyeglass lenses and optical products are readily available to customers across diverse regions.

Recent Developments

  • In November 2023, Microline Surgical, Inc., a subsidiary of HOYA Corporation, obtained specific laparoscopic instrumentation assets from RETRACTION Limited through an acquisition.
  • In October 2023, HOYA introduced its Super HiVision Meiryo EX4 anti-reflective treatment in Canada. This advanced lens treatment boasts exceptional scratch resistance, durability, long-lasting cleanliness, and full back-side UV protection, meeting the expectations of both eye care providers and patients.

Essilor

Company Overview

Establishment Year1972
HeadquarterCharenton-le-Pont, France
Key ManagementPaul du Saillant (CEO)
Revenue (US$ Bn)$ 6.6 Billion (2023)
Headcount~ 190,000 (2023)
Websitehttp://essilor.com/

About Essilor International

Essilor International, based in Charenton-le-Pont, France, is a global eyewear leader with a mission to enhance visual health. Established in 1972, Essilor is renowned for its high-quality eyeglass lenses catering to various vision needs, from nearsightedness to presbyopia.

The company’s precision lens manufacturing, research, and development efforts ensure innovative vision solutions. Operating in numerous countries worldwide, Essilor’s lenses are accessible through optical retailers and eyecare professionals. Their customer-centric approach and commitment to bettering visual health underscore their essential role in the eyewear industry.

Geographical Presence

Essilor International, with its commitment to improving global visual health, maintains a significant geographical presence across the world. The company’s reach extends to numerous countries across several continents, ensuring access to its high-quality eyeglass lenses and vision solutions.

From North and South America to Europe, Asia, Africa, and Oceania, Essilor’s global footprint encompasses a wide range of nations.

Recent Developments

  • In April 2023, Essilor launched a fresh digital media campaign for its Varilux brand, aimed at increasing awareness of these lenses among individuals with presbyopia.
  • In January 2023, Essilor introduced the Essilor Stellest lens in India to address myopia progression in children.
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Trishita Deb

Trishita Deb

Trishita has more than 7 years of experience in market research and consulting industry. She has worked in various domains including healthcare, consumer goods, and materials. Her expertise lies majorly in healthcare and has worked on more than 400 healthcare reports throughout her career.