North America Eyewear Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 5.2% (2024-2032)
The growth of the market is being driven by expanding urbanization and shifting demographics. According to the latest report by IMARC Group, the North America eyewear market size reached US$ 44.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 71.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.
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North America Eyewear Industry Trends and Drivers:
- Urban Population Growth:
- Higher demand for prescription glasses, contact lenses, and sunglasses.
- Driven by aesthetic preferences and vision correction needs due to increased screen time and digital device usage.
- Aging Population:
- Market expansion due to age-related vision issues such as presbyopia and cataracts.
- Higher demand for corrective eyewear in North America.
- Rising Disposable Incomes and Eye Health Awareness:
- Consumers investing in high-quality and branded eyewear.
- Greater awareness of eye health.
- Advancements in Eyewear Technology:
- Blue light-blocking lenses and lightweight, durable materials.
- Increased consumer appeal and adoption.
Key Trends Influencing the North American Eyewear Market
- Sustainability:
- Growing consumer emphasis on eco-friendly and ethically produced eyewear.
- Brands using recycled materials and sustainable manufacturing processes.
- Alignment with broader consumer shift towards environmental consciousness.
- Integration of Technology:
- Smart glasses with augmented reality (AR) features and fitness tracking capabilities.
- Catering to tech-savvy consumers.
- Customization and Personalization:
- Rising consumer demand for products reflecting individual styles and preferences.
- Facilitated by advancements in 3D printing technology for bespoke eyewear solutions.
- Impact of COVID-19 Pandemic:
- Increased online shopping for eyewear.
- Higher demand for contactless services such as virtual try-ons and tele-optometry consultations.
Future Outlook
- Continuous innovation and adaptation by eyewear brands to meet evolving consumer needs.
- Expected sustained growth and expansion of the North American eyewear market.
North America Eyewear Industry 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:
- United States
- Canada
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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