The North America eyewear market size reached US$ 42.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 59.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
Eyewear comprises accessories which are worn on or over the eyes for various reasons, such as protection against the environment, as an adornment or to improve visual acuity. The lenses of eyewear can be made from different materials, such as optical fiber and glass. On the other hand, frames are generally available in metal and plastic. At present, an increase in the usage of electronic gadgets has led to the prevalence of eyesight related problems, which is boosting the overall sales of eyewear products.
North America eyewear market is currently being driven by several factors. The high per capita incomes, coupled with the altering fashion trends and preferences for luxury products, have propelled the eyewear market growth in the region. On account of this, manufacturers are introducing a diverse range of frames, keeping in mind the different requirements and preferences of the consumers. Additionally, the changing lifestyles of consumers and technological advancements in the industry have resulted in the launch of innovative products, such as smart glasses with liquid lenses, removable temples, laser glasses, and pediatric glasses. Apart from this, a surge in the number of optical deficiencies in the geriatric population has increased the demand for eyewear products in the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America eyewear market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on product, gender and distribution channel.
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Key Questions Answered in This Report
The North America eyewear market was valued at US$ 42.2 Billion in 2022.
We expect the North America eyewear market to exhibit a CAGR of 6% during 2023-2028.
The high prevalence of ocular diseases, along with the growing demand for advanced glare-free
prescription eyewear with enhanced durability, is currently driving the North America eyewear market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing consumer inclination towards online retail platforms for the purchase of eyewear, as online players are integrating their services with product virtualization and facial analysis to remotely recommend appropriate eyewear designs for individuals.
Based on the product, the North America eyewear market can be segmented into spectacles,
sunglasses, and contact lenses. Currently, spectacles hold the majority of the total market share.
Based on the gender, the North America eyewear market has been divided into men, women, and unisex. Among these, unisex currently exhibit a clear dominance in the market.
Based on the distribution channel, the North America eyewear market can be categorized into optical stores, independent brand showrooms, online stores, and retail stores. Currently, retail stores account for the largest market share.
On a regional level, the market has been classified into United States and Canada, where the United States currently dominates the North American market.
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