According to the latest report by IMARC Group, titled “North America Eyewear Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the in 2019. Eyewear refers to a set of accessories worn over the eyes for aesthetic purposes while protecting them against external factors and improves the overall visual acuity. There are various types of eyewear available in the market, including glasses, contact lenses, and sunglasses. The lenses embedded in eyewear are made from different materials, such as glass and optical fiber. Other than this, the frames are produced by using a wide range of metals and plastics, like cellulose-acetate.
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Market Trends:
Rising awareness regarding the prevalence of ocular diseases and the growing preference for premium-quality eye care products are some of the major factors driving the North America eyewear market growth. Moreover, the increasing brand consciousness amongst consumers has enabled market players to adopt aggressive marketing strategies to escalate sales and retain consumers. This, along with the introduction of advanced product variants, such as smart glasses with liquid lenses, is creating a positive outlook for the market further across the North American region. Looking forward, IMARC Group expects the market to reach a value of US$ 48.4 Billion by 2025, registering a CAGR of 2.2% during 2020-2025.
Market Analysis and Segmentation:
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
Competitive Landscape with key players:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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