The US Eyewear market is driven by evolving fashion trends, technological innovations, and a demographic shift toward an aging population with a heightened focus on vision health.
TechSci Research’s report, “US Eyewear Market – Region, Competition, Forecast, 2018-2028F,” reveals that the market was valued at USD 30.55 billion in 2022, with an anticipated 5.92% CAGR from 2024-2028. The market encompasses a wide array of products, including prescription eyeglasses, contact lenses, sunglasses, and fashionable eyewear, reflecting significant developments and trends influenced by population growth, increased eye health awareness, changing fashion trends, and technological advancements.
An aging population and a greater need for vision correction drive demand for prescription eyewear and regular eye exams. Eyewear has evolved beyond utility to become a fashion accessory, especially in urban areas, where consumers view glasses and sunglasses as style statements. Heightened eye health awareness has increased the demand for both prescription eyewear and protective sunglasses.
Technological advancements, like high-definition lenses and anti-reflective coatings, enhance the visual experience, while fashion trends and celebrity influence shape consumer choices. Performance sunglasses cater to outdoor activities, offering UV protection and durability. Customization, facilitated by online shopping, allows for personalized frames and lens coatings, meeting individual preferences.
Sustainability is an emerging trend, with brands incorporating eco-friendly materials into frames. Contact lenses offer convenience and have advanced with options like daily disposables. Vintage and retro styles are popular, and athleisure-inspired eyewear transitions from workouts to everyday wear. Smart eyewear integrating technology is on the horizon.
Affordability remains a concern, leading some to delay eye care, while counterfeit eyewear poses safety risks. Improving access to eye care services for underserved communities is crucial. Regulatory compliance ensures consumer safety and product efficacy in this dynamic market.
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In the US eyewear market, segmentation includes product type, end user, sales channel, and region. Product types encompass sunglasses, spectacles, contact lenses, sports eyewear, and others (safety & protection eyewear, transparent eyeglasses). Sunglasses hold a significant share, serving not only as eye protection but also as a fashion accessory, enhancing style and sophistication for wearers who value versatility and trendiness. Regionally, segmentation covers South, West, Mid-West, and North-East. The South commands a notable portion of the market due to its favorable climate, promoting outdoor activities like beach outings, water sports, hiking, and golfing. Sunglasses are essential in this region to shield eyes from sunlight and UV exposure, aligning with the active lifestyle embraced by residents.
Key market players in the United States Eyewear market include:
- 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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“The US eyewear market is set for ongoing growth and innovation, driven by advancements in lens technology, the convergence of fashion and technology, and a heightened focus on eye health. Trends like customization and sustainability are expected to gain traction. With the increasing awareness of the importance of eye care, eyewear will remain a vital aspect of both fashion and health. As the industry adapts to evolving consumer demands, it will continue to play a dynamic role in healthcare and fashion.” – Mr. Karan Chechi, Research Director at TechSci Research.
“US Eyewear Market – Segmented By Product Type (Sunglasses, Spectacles, Contact Lenses, Sports Eyewear, Others), By End User (Women, Men, Unisex), By Sales Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, Others), By Region, Competition, Forecast and Opportunities, 2018-2028”, evaluates the growth potential of the US eyewear market, providing insights into market structure, size, share, and future growth. The report offers advanced market intelligence to aid decision-makers in making informed investment decisions, highlighting emerging trends, drivers, challenges, and opportunities in the US eyewear market.
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