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on January 10, 2024
IMARC Group's report titled "United States Eyewear Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The United States eyewear market size reached US$ 35.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 49.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/united-states-eyewear-market/requestsample
Factors Affecting the Growth of the United States Eyewear Industry:
- Rising Prevalence of Vision Impairment:
The increasing prevalence of vision impairments and eye conditions is propelling the market growth in the United States. The aging population is more likely to experience vision issues, such as presbyopia, cataracts, and age-related macular degeneration, which necessitate corrective eyewear. Additionally, the growing incidence of myopia or nearsightedness among younger demographics, attributed to lifestyle factors like increased screen time and reduced outdoor activities, is positively influencing the market. This demographic shift ensures a steady demand for prescription glasses and contact lenses. Furthermore, the rising awareness about regular eye examinations and vision care is leading to early detection and correction of vision problems.
- Technological Advancements and Product Innovation:
Technological advancements and product innovation are bolstering the market growth in the country. The increasing employment of cutting-edge technologies, such as blue light filtering lenses, progressive lenses, and lightweight, durable frame materials, is supporting the market growth. These innovations cater to the growing demand for comfort, style, and functionality in eyewear. Moreover, the integration of digital technology into eyewear like augmented reality (AR) and virtual reality (VR) applications, is expanding the market beyond traditional uses. This tech integration not only enhances the user experience, but also opens new avenues for eyewear in gaming, professional, and educational settings.
- Fashion and Lifestyle Influence:
Eyewear is transcending its primary function of vision correction and protection to becoming a vital fashion accessory. This shift is largely influenced by celebrity endorsements, fashion trends, and social media influencers, making eyewear a statement piece in personal styling. The increasing importance of aesthetic appeal in eyewear choices is leading to a diversification in designs, with a range of styles from vintage to contemporary, catering to various preferences. Moreover, there is a rise in consciousness towards eco-friendly and sustainable practices in fashion, which is prompting the development and popularity of environmentally sustainable eyewear made from organic or recycled materials. The fashion-forward and eco-conscious buyers seek products that align with their style preferences and ethical values.
United States Eyewear Market Report Segmentation:
By Product:
- Spectacles
- Sunglasses
- Contact Lenses
Spectacles represent the largest segment due to the growing demand for vision correction among individuals.
By Gender:
- Men
- Women
- Unisex
Unisex accounts for the majority of the market share as it caters to a broader user base, eliminating the need for gender-specific eyewear.
By Distribution Channel:
- Optical Stores
- Independent Brand Showrooms
- Online Stores
- Retail Stores
Optical stores hold the biggest market share on account of a wide range of eyewear products and personalized services for catering to the needs of individuals.
Regional Insights:
- Northeast
- Midwest
- South
- West
South US dominates the market, owing to the growing need for eyewear products to cater to a diverse user base.
United States Eyewear Market Trends:
The growing focus on customized and adaptive eyewear is offering a favorable market outlook in the country. This trend caters to individuals seeking products tailored to their specific visual needs and lifestyle preferences. Advances in technology enable more precise vision correction, with lenses adapted for digital screen usage or specific outdoor activities. Additionally, the rise of 3D printing technology in eyewear production allows for greater customization in frame design, offering a perfect fit and personalized style. This shift towards personalization and adaptation in eyewear not only enhances user comfort and experience, but also helps brands differentiate themselves in a competitive market.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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