The U.S. eyewear market size reached USD 37.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 58.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
United States Eyewear Market Overview
Market Size in 2023: USD 37.0 Billion
Market Forecast in 2032: USD 58.6 Billion
Market Growth Rate: 5.1% (2024-2032)
According to the latest report by IMARC Group, the U.S. Eyewear market size reached USD 37.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 58.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032. The market expanding rapidly, driven by increasing consumer awareness of eye health and the growing demand for stylish and functional eyewear. This growth is fueled by advancements in technology and the rising focus on personalization and sustainability.
United States Eyewear Industry Trends and Drivers:
Key Trends Shaping the Market:
Sustainability: Growing demand for eco-friendly materials, with consumers favoring eyewear made from recycled or sustainable resources.
Technological Integration: Incorporation of smart technology, such as smart glasses with augmented reality (AR) capabilities and health monitoring features, creating new growth opportunities.
Digitalization: Shift toward digitalization in production and customer experience expected to shape market growth.
Customization: Increased focus on customization options, with more consumers seeking personalized eyewear solutions, further driving market expansion.
Fashion Trends: Eyewear is becoming a fashion accessory as much as a necessity, benefiting from lifestyle changes and evolving fashion trends.
Drivers of Market Demand:
Awareness of Eye Health: Rising awareness about eye health, coupled with an increasing geriatric population, is driving demand for corrective eyewear, such as prescription glasses and contact lenses.
Aging Population: Growing prevalence of conditions like presbyopia and cataracts due to aging demographics.
Increased Screen Time: Expanding screen time from digital devices contributing to eye strain and related vision problems, escalating demand for protective eyewear, including blue light-blocking glasses.
E-commerce Influence:
Online platforms providing convenient access to a wide range of eyewear options, significantly propelling market growth.
The COVID-19 pandemic accelerated consumer preferences toward online shopping for essential goods, including eyewear.
Companies focusing on virtual try-on features and personalized fittings, increasing consumer confidence in purchasing eyewear online.
Premium Segment Growth:
Consumers are seeking stylish and branded frames, driving the growth of the premium segment in the eyewear market.
Advancements in Lens Technology:
Innovations such as anti-reflective, scratch-resistant, and ultraviolet (UV) protective coatings are enhancing product offerings and attracting more consumers.
These advancements add value to the market, further encouraging consumer purchases and loyalty.
Download sample copy of the Report: https://www.imarcgroup.com/united-states-eyewear-market/requestsample
United States 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 Region:
Northeast
Midwest
South
West
Competitive Landscape:
Alcon Inc.
Bausch + Lomb
CHARMANT USA Inc.
CooperVision
De Rigo Vision S.p.A.
Essilor
HOYA Corporation
Johnson & Johnson Vision Care, Inc.
Safilo Group S.p.A.
Warby Parker Inc.
ZEISS Vision
Key Questions Answered in This Report:
1. What is the forecast for the United States eyewear market?
The U.S. eyewear market is projected to grow from USD 37.0 billion in 2023 to USD 58.6 billion by 2032, at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2032. This growth is driven by factors such as increasing demand for corrective eyewear, eco-friendly materials, and technological innovations like augmented reality (AR) smart glasses.
2. How big is the US eyewear market, and how large is the eye care market in the US?
The U.S. eyewear market is valued at USD 37.0 billion in 2023 and is expected to grow steadily in the coming years. In terms of the eye care market, the U.S. is seeing significant growth due to the increasing geriatric population and rising demand for vision correction products and eye health solutions.
3. Who are the largest eyewear companies in the United States?
The largest eyewear companies in the U.S. include:
Alcon Inc.
Bausch + Lomb
CHARMANT USA Inc.
CooperVision
De Rigo Vision S.p.A.
Essilor
HOYA Corporation
Johnson & Johnson Vision Care, Inc.
Safilo Group S.p.A.
Warby Parker Inc.
ZEISS Vision
These companies dominate the U.S. eyewear market through a mix of innovative product offerings, strong distribution networks, and customer-centric solutions.
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.
Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=5611&flag=F
Browse more research report:
U.S. Dental Imaging Industry size is projected to exhibit a growth rate (CAGR) of 8.58% during 2024-2032. |
U.S. Ddi Industry size is projected to exhibit a growth rate (CAGR) of 15.9% during 2024-2032. |
U.S. Organic Food Industry size is projected to exhibit a growth rate (CAGR) of 7.47% during 2024-2032. |
U.S. Self Storage Industry size is projected to exhibit a growth rate (CAGR) of 1.86% during 2024-2032. |
U.S. Data Governance Industry size is projected to exhibit a growth rate (CAGR) of 21.36% during 2024-2032. |
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
Comentários