North America Eyewear Market

North America eyewear market has been witnessing steady growth over the past years. Factors such as the rising trend of using prescription glasses and sunglasses for vision correction as well as fashion statements have been driving the demand in the region. Growing health awareness among consumers regarding eye care and an increasing number of ophthalmic disorders are supporting the growth of the eyewear market in North America. Major players in the market have been introducing innovative and lightweight products with advanced lens technologies to cater to the increasing consumer demand. They have also been focusing on customization and premiumization of eyewear products to differentiate their offerings. With the market expected to further expand in the near future due to growing health awareness and product innovations, North America is projected to remain a lucrative regional market for eyewear globally.

Market Dynamics:

North America eyewear market is fueled by drivers such as the increasing prevalence of ophthalmic disorders and a surge in the aging population needing vision correction. In addition, the growing trend of using prescription glasses and sunglasses as a fashion item among all age groups is bolstering the market growth. However, the market may experience challenges in the form of pricing pressure faced by vendors and the threat of counterfeit products. Some of the notable opportunities for market players include expanding their product portfolios through innovative offerings and technologies. Companies are also exploring organic and inorganic growth opportunities such as acquisitions and mergers to strengthen their position. Moreover, the rising demand for digitally-printed eyewear and smart glasses presents an opportunity for manufacturers to tap into the fast-evolving consumer preferences in the region.

Key features of the study:

• This report provides an in-depth analysis of the North America eyewear market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024 –2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the North America eyewear market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Luxottica Group S.p.A, Safilo Group S.p.A, Carl Zeiss A.G., Essilor International, GrandVision, Johnson and Johnson Inc., State Optical Co., CooperVision, Bausch & Lomb Inc., De Rigo Vision S.p.A., and Fielmann AG.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• North America eyewear market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the North America eyewear market.

Detailed Segmentation:

• North America Eyewear Market, By Type
  • Spectacles
  • Sunglasses
  • Others (Contact Lens )
• North America Eyewear Market, By Distribution Channel
  • Hypermarkets
  • Supermarkets
  • Independent Stores
  • Online Stores
  • Others
• North America Eyewear Market, By Country
  • U.S.
  • Canada
• Top Companies in the North America Eyewear Market:
  • Luxottica Group S.p.A
  • Safilo Group S.p.A
  • Carl Zeiss A.G.
  • Essilor International
  • GrandVision
  • Johnson and Johnson Inc.
  • State Optical Co.
  • CooperVision
  • Bausch & Lomb Inc.
  • De Rigo Vision S.p.A.
  • Fielmann AG.