Rising disposable income drives the United States Eyewear Market to growth during the forecast period.
According to TechSci report on, “United States Eyewear Market – By Region, Competition Forecast & Opportunities, 2027F” United States eyewear market may flourish with an impressive 5.84% CAGR during the forecast period, to achieve a market value of USD40.62 billion by 2027, owing to the growing demands for sunglasses, eyeglasses, and contact lenses. Demands for eyeglasses and powered contact lenses are also surging due to increasing instances of weak eyesight and poor vision among the population. The geriatric population is often at high risk of weaker eyesight and poor vision. A surge in demand for eyeglasses and powered contacts is high in the geriatric population, thereby driving the growth of the United States eyewear market in the upcoming five years. Excessive exposure to screens such as television, smartphones, laptops, etc., is also responsible for the young, adult, and children’s weak eyesight. Genetically weakened eyesight also demands the technologically advanced eyewear to support the weakened eyesight, thereby supporting the growth of the United States eyewear market in the next five years.
Fashion trends and the growing adoptions of sunglasses and colored contact lenses also add aesthetic value to the consumer’s beauty appeal, thereby influencing the population’s choice regularly, further aiding the growth of the United States eyewear market in the future five years. Rising disposable income among the population also allows them to invest heftily in eyewear products that influence the market’s growth. Technological advancement along with the demands for disposable contact lenses, colored lenses, longer life of the eyewear, and evolved products that provide non-toxic and consumer comfortable products also drive the growth of the United States eyewear market in the forecast years.
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The United States eyewear market is segmented by product type, end-user, distribution channel, region, and competitional landscape. Based on product type, the market is further fragmented into sunglasses, spectacles, contact lenses, sports eyewear, and others like safety & protection eyewear and transparent eyeglasses. Contact lenses are anticipated to register the fastest growing CAGR of about 7.63% during the forecast period due to consumers’ demand for colored contacts. A surge in demand for powered contact lenses and rapid adoption of contact lenses over eyeglasses also supports the growth of the United States eyewear market in the next five years. The sunglasses segment is anticipated to hold the largest shares of the market and dominate the market segment in the next five years because of rising disposable income among the younger population and their tendency to spend lavishly on eyewear products such as sunglasses. Also, the media and entertainment sector’s increasing influence on the latest fashion trends further substantiates the growth of the United States eyewear market in the next five years.
Based on end user, the market is segmented into women, men, and unisex. Also, segmentation of the market on the grounds of distribution channel is done into specialty stores, supermarkets/hypermarkets, apparel stores, online, and others like hospitals, clinics, make-up & beauty stores, etc. Specialty stores are expected to hold the largest revenue shares of the market along with a CAGR of 45.20% in the forecast period due to rising consumer faith in the specialty stores. Specialty stores have aesthetic products such as sunglasses, smart glasses, and colored contact lenses along with added facilities of medical expert opticians convincing the consumers to buy, thereby adding value to the segmental growth along with the growth of the United States eyewear market in the future five years.
The market analysis also studies the regional segmentation to devise regional market segmentation, divided among south, west, mid-west, and north-east regions of the United States.
A partial list of major market players of the United States eyewear market includes:
- EssilorLuxottica SA
- Bausch Health Companies Inc.
- Johnson & Johnson Vision Care, Inc.
- Alcon Vision LLC
- The Cooper Companies, Inc.
- Safilo USA, Inc.
- Menicon America, Inc.
- Hoya Vision Care
- Carl Zeiss Vision Inc.
- Zenni Optical, Inc.
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“United States eyewear market is expanding owing to consumer’s tendency to spend lavishly on the eyewear products. Evolving fashion trends and the growing demands from consumers influenced by these trends also facilitate market growth. Growing research and technological advancements such as disposable contact lenses and longer lives of the eyewear further drive the United States eyewear market in the forecast years. New market players would have to invest heavily in the advancement of the products. The competition landscape in the country is quite difficult to penetrate as major global players already have a well-established market for the product,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Eyewear Market By Product Type (Sunglasses, Spectacles, Contact Lenses, Sports Eyewear, Others {Safety & Protection Eyewear, Transparent Eyeglasses), By End User (Women, Men and Unisex), By Distribution Channel (Specialty Store, Supermarkets/Hypermarkets, Apparel Store, Online, and Others {Hospitals, Clinics, Make Up & Beauty Stores, etc.}), By Region, Competition Forecast & Opportunities, 2027F” has evaluated the future growth potential of the United States eyewear market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States eyewear market.
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