Folding Glasses Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 3.2 Billion by 2030, growing at a CAGR of 10.2% from 2024 to 2030.
As we transition into 2023-2033, the folding glasses market outlook appears promising, with demand expected to surge further due to several emerging factors. Technological advancements are predicted to push the envelope even further, making glasses not only foldable but also smart. The integration of augmented reality (AR) features into eyewear could revolutionize the market, particularly with the increasing reliance on wearable technology. In addition, consumer awareness about the benefits of folding glasses, such as portability, convenience, and durability, will continue to drive adoption.
Looking ahead, the folding glasses market is projected to witness a compound annual growth rate (CAGR) of 7% from 2023 to 2033. The appeal of folding eyewear extends beyond travelers; city dwellers, outdoor enthusiasts, and even those in professional settings like medical practitioners and engineers have shown interest. With expanding consumer bases, companies are expected to diversify their offerings, including folding prescription glasses, foldable sunglasses, and other specialized designs. The demand for customization options, including color, frame material, and lens choices, will also likely rise as personal style becomes more integrated with eyewear functionality.
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The global folding glasses market has seen a significant evolution from 2018 to 2022, driven by increased interest in compact and portable eyewear options. During this period, folding glasses gained popularity due to their practicality, particularly among travelers and those with limited storage space. Technological advancements in lens and frame materials, as well as innovations in folding mechanisms, helped shape the market’s growth. The increasing trend of minimalism in fashion, combined with the rise of outdoor activities, further fueled demand for these space-saving glasses. Additionally, the development of stylish, lightweight, and durable folding glasses attracted consumers seeking both functionality and aesthetics. Market players saw a consistent rise in sales, particularly in the online retail space, which contributed to the visibility of folding eyewear globally.
Nannini Italian Quality Srl
ROAV Eyewear
Rokid Corporation
EyeWris
Burberry
Cyxus
MAD Gaze
Maui Jim
Persol
Ray-Ban
Revo
The Wolt
WearMe Pro
Foldies
Arise Collective
Foster Grant
Eagle Eyes
Samsung Electronics
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Folding Glasses Market
Application I
Application II
Application III
Application IV
Based on Types the Market is categorized into Below types that held the largest Folding Glasses market share In 2023.
Metal
Plastic
Mixed Material
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Folding Glasses Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Folding Glasses Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Folding Glasses Market, By Type
6. Global Folding Glasses Market, By Application
7. Global Folding Glasses Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Folding Glasses Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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