Increasing disposable income propels the United States eyewear market towards growth over the forecast period.
According to TechSci’s report on, “United States Eyewear Market – By Region, Competitive Forecast and Opportunities, 2027F” The United States eyewear market may boom at an impressive CAGR of 5.84% during the forecast period, to reach a market value of US$ 40.62 billion by 2027, owing to the increasing demands for sunglasses, glasses, and contact lenses. Demands for powered glasses and contact lenses are also on the rise due to increasing cases of low vision and low vision among the population. The geriatric population is often at high risk for poorer vision and poor vision. An increase in the demand for powered glasses and contacts is high in the geriatric population, thus fueling the growth of the United States eyewear market in the next five years. Excessive exposure to screens such as TV, smart phones, laptops etc. is also responsible for poor eyesight in youth, adults and children. Genetically impaired vision also requires technologically advanced eyewear to support impaired vision, thus supporting the growth of the United States eyewear market in the next five years.
Fashion trends and the increasing adoption of colored sunglasses and contact lenses also add aesthetic value to the beauty appeal of the consumer, thus regularly influencing the choice of the population, further aiding the growth of the United States eyewear market in the next five years. The increase in disposable income among the population also allows them to invest heavily in eyewear products which affects the growth of the market. Technological advancement along with single use requirements contact lensescolored lenses, longer lifespan of glasses, and evolved products that offer non-toxic and comfortable products to the consumer 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 competitive landscape. Based on product type, the market is further segmented into sunglasses, glasses, contact lenses, sports glasses and others such as safety and protective glasses and transparent glasses. Contact lenses are projected to register the fastest growing CAGR of around 7.63% during the forecast period owing to consumer demand for colored contacts. An increase in the demand for powered contact lenses and the rapid adoption of contact lenses over spectacles also support the growth of the United States spectacles market in the next five years. The sunglasses segment is projected to hold the largest market shares and dominate the market segment in the next five years due to the increase in disposable income among the younger population and their tendency to spend lavishly on eyewear products such as sunglasses. Also, the growing influence of the media and entertainment sector on the latest fashion trends further proves 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, market segmentation based on distribution channel is done in specialized stores, supermarkets/hypermarkets, clothing stores, online and others such as hospitals, clinics, cosmetic and beauty stores, etc. Specialty stores are expected to hold the largest market revenue shares along with a CAGR of 45.20% in the forecast period of consumer confidence in specialty stores forecast period. Specialty stores have aesthetic products such as sunglasses, smart glasses and colored contact lenses along with accessories from expert medical opticians that convince consumers to buy, thereby adding value to the segmental growth along with the growth of the United States eyewear market in the next five years.
The market analysis also studies the regional segmentation to create the regional segmentation of the market, divided between the South, West, Midwest and Northeast 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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“The United States eyewear market is expanding due to the consumer’s tendency to spend lavishly on eyewear products. Emerging fashion trends and increasing demands from consumers influenced by these trends also facilitate market growth. Growing demand and technological advancements such as disposable contact lenses and longer lifespan of eyeglasses further drive the United States eyewear market in the forecast years. New market players will have to invest heavily in product development. The competitive landscape in the country is quite difficult to penetrate as the major global players already have a well-established market for the product,” said Mr. Karan Chechi, Research Director with TechSci Research, a global research-based management consulting firm.
“United States Eyewear Market by Product Type (Sunglasses, Eyeglasses, Contact Lenses, Sports Glasses, Other {Safety & Protection Glasses, Clear Glasses), By End User (Women, Men, and Unisex), By Distribution Channel (Specialty Store, Supermarkets/Hypermarkets, Apparel & Other Store, Apparel & Other Product Store, etc. }), By Region, Competition forecast and opportunities, 2027F“ has estimated the future growth potential of the United States eyewear market and provides statistics and information on market size, structure and future market growth. The report aims to provide cutting-edge market intelligence and help decision makers make sound investment decisions. The report also identifies and analyzes emerging trends along with key drivers, challenges, and opportunities in the United States eyewear market.
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